ALGO/BTC Downtrend Channel Takes Shape

מעודכן
ALGO/BTC in a perfectly parallel downtrend channel. As a comparison, when MATIC started trading on Binance, it went steadily down for two weeks, losing significant value. ALGO has been trading for a couple of days and is already well on its way down. The ALGO price was obviously overvalued at $2.40 USD. It could go much lower from here. Or, who knows, it could turn around and try to retest its original valuation. The latter seems less likely, given the strong downtrend it's in.
הערה
TD Sequential on a 35-minute TF is interesting.
הערה
תמונת-בזק
הערה
Wow, ALGO going for channel breakout already. תמונת-בזק
ALGOBTCTrend Analysis

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