Bullish long term view for Algo. Following suite of other Alt coins. A lot of upside potential for these coins in 2025. Both technically and fundamentally with Trump being president and supporting cyrpto in general. Big year for these coins coming up
Keep an eye on how this weekly and daily candle closes. If we do in fact see a strong bearish close on the daily as well as a wick to the upside on weekly, the probability of AU selling into next week is higher.
Dependent on how today's daily candle closes I will be looking for continuation of overall bearish weekly and monthly trend and looking to scale in on either levels below if lower tf PA confirms bearish entry criteria. Overall, looking to target the lows.
Keep an eye on this broken level of daily structure, if price breaks this current level(1.5280), we could see a liquidity collection of 1.5150 area before wicking aggressively to create a new daily & weekly high.
Potential US dollar/dxy bounce from this daily level which lays a lot of liquidity that needed to be collected. 200 daily ema also lays directly on top of this area. Keep an eye on the daily candle close off here.
