After having a deep dive through ALGO on a range of indicators, we have entered accumulation zone. Chart & technicals are overall bullish (though the market is weak at this time). ALGO is perhaps one of few coins worth its speculative weight; spot buys from here all the way to 0. NFA - DYOR. Charts are my own opinion, markets are volatile & you're likely to get...
I drew some lines on a chart and it looks very logical. The interesting part of this chart is the ranges are practically identical in size (top - bottom).
Body of today candle touching the yellow line. Wick below - tomorrow will tell the full story.
Skirting around an average of 0.0038 (pink line) and looking for a break anywhere within the area marked with a star. Expecting a break followed by a backtest around the pink line - followed by a monolithic pump right up to the 0.236 fib line to get warmed up. Volume is good - particularly on the lows, but until it cracks the overall downtrend - doom is still on...
NOT FINANCIAL ADVICE. For entertainment purposes only.
XRP Returned to Average. Looking at the daily, it could do with closing over 37c today, else more down to the 2H 100MA at 30c (every 100MA on every other time frame has been breached). Uhh... and; volume is decreasing on sells +1.