Since the massive sell off a couple of weeks ago, ALGO has been trading inside a bullish upward channel. With BTC falling over the last 24 hours, ALGO has broken through the channel support, making this a bear flag pattern.
Current target would be the low between 0.7 and 0.75.
Happy trading!
Current target would be the low between 0.7 and 0.75.
Happy trading!
Comment:
Very strong bullish reversal after BTC hit the bottom at 31k. Was under the impression that BTC would fall further, which was not the case in the end.
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