Algo — Long-Term Outlook
At the moment, I see several possible long-term scenarios for ALGO.
On the TradingView chart, I’ve highlighted the key potential bounce zones in green.
I also don’t rule out the possibility that the liquidity marked on Hyblock may simply get taken out first, which could push the price lower before any meaningful reversal.
Because of that, avoid placing limit orders too early.
The safer approach is to wait for:
the weekly candle close, or
a confirmed breakout and clean retest above the triangle’s trendline.
At the moment, I see several possible long-term scenarios for ALGO.
On the TradingView chart, I’ve highlighted the key potential bounce zones in green.
I also don’t rule out the possibility that the liquidity marked on Hyblock may simply get taken out first, which could push the price lower before any meaningful reversal.
Because of that, avoid placing limit orders too early.
The safer approach is to wait for:
the weekly candle close, or
a confirmed breakout and clean retest above the triangle’s trendline.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.