ALGO is preppin for a massive shift based on the latest price behavior.
After goin parabolic late last year -- tapping the 0.50 mark, algo like the rest succumb to red season -- had to experience corrective pressure of the market and touching a weighty trim down to sub 0.20 area.
Today, an apparent bear saturation has been spotted. Based on the diagram we are seeing some basing zone at the higher channel -- price is being magneted on this higher area; inching closer as days progresses on that exit zone hinting a possible break in structure soon.
Ideal seeding area is the current price at 0.180.
Spotted at 0.18
Mid target at 0.5
Long term. 0.50
TAYOR. Trade safely.
After goin parabolic late last year -- tapping the 0.50 mark, algo like the rest succumb to red season -- had to experience corrective pressure of the market and touching a weighty trim down to sub 0.20 area.
Today, an apparent bear saturation has been spotted. Based on the diagram we are seeing some basing zone at the higher channel -- price is being magneted on this higher area; inching closer as days progresses on that exit zone hinting a possible break in structure soon.
Ideal seeding area is the current price at 0.180.
Spotted at 0.18
Mid target at 0.5
Long term. 0.50
TAYOR. Trade safely.
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