ALGO/USDT possible swing trade on the 4hrly and daily charts
Hi everyone,
Based on my analysis, I believe that ALGO/USDT is on the verge of a huge swing trade. This is based on a double bottom forming on the 4-hourly. This has confluences in the MACD on the daily and the 4-hourly as they are crossing over to the upside in each respective case. The fib levels of 0.382 are also showing key support for the two time frames mentioned above. All these confluences lead me to believe that ALGO/USDT is currently a good long. This is non-financial advise, it is just my analysis.
Based on my analysis, I believe that ALGO/USDT is on the verge of a huge swing trade. This is based on a double bottom forming on the 4-hourly. This has confluences in the MACD on the daily and the 4-hourly as they are crossing over to the upside in each respective case. The fib levels of 0.382 are also showing key support for the two time frames mentioned above. All these confluences lead me to believe that ALGO/USDT is currently a good long. This is non-financial advise, it is just my analysis.
