Make or break for Algo in the next 3 days and 22 hours.
From a technical standpoint, the next 3 days and 22 hours are an incredibly important.
If we can maintain our support at $0.08108, we will be setting up for a double bottom with positive momentum on the RSI. This is exactly what fuels a reversal, especially at all time lows.
If we lose our support at $0.08108, the bad (news and good news if you have sideline funds) is we will be entering into no man’s land. Who knows how low algo can go.
I’m not posting this as a pro or a con for the asset, I am posting the technicals.
I have been in the crypto space since 2016 and my game is buying the floor, holding for a few years, sell a little bit at the top for lifestyle, and then wait for the bottoms again to repeat.
It’s safe to say, if we have a weekly confirmation double bottom, I will be buying a massive chunk of Algo.
It’s also safe to say, if we lose support, I will be waiting for a much larger discount.
Algo’s tech is 💣 it’s a winner even if it doesn’t seem like it now. Sure, my job is to find value wherever it is from a technical standpoint, but it is of my opinion that Algo is a banger.
Cheers 🍻