I am gonna try and call a top here. Volume is exhausted, divergences across multiple timeframes, hard resistance zone above, wave target reached. Let's chill for a bit and get back into it at lower prices. Market cap still low at around 400 mil I think, so loads of potential to double/ triple but going vertical is not good. But props to the quick buck it made.
Note
Ok, it went directly above so it is an over-extension. I think we can reach the 1.618 fib and then go down violently to test previous resistance.Note
I would start looking at re-entry points on ALGO/BTC after the 28% extension run and the reversal back to .5 fib.
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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.