#ALGO Algorand 1D - Bearish Divergence in sight

I am looking at the 1D chart for Algorand. I show the top and bottom multi-year trendlines and it seems that we may have some downside to go possibly based on historical trends. I showed a possible fractal from the past that may play out again.

Lastly and most important, on the daily chart there is bearish divergence. This may be a good indicator of what's to come in the future.

What are your opinions on this? Comment below, hit the like and follow me. Thank you!

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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins

Commentaire:

eerily similar pattern. keep an eye on this one.