Crypto Trend Analysis Report
Prepared for you on Sunday, June 26, 2022.
Sidelines Mode (-55) - ALGOUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ALGOUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALGOUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ALGOUSD
The long-term trend has been DOWN since Jan 21st, 2022 at 1.2973
The intermediate-term trend has been DOWN since May 11th, 2022 at 0.6075
The short-term trend has been UP since Jun 20th, 2022 at 0.3181
Smart Scan Analysis for ALGOUSD
Based on our trend formula, ALGOUSD is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).