ALGO/USDT : Breaking out the trendline !

ALGOUSDT
Hello everyone 😃

#ALGO has formed a descending triangle, The movement is marking to be bearish by the current bearish trendline.
But there is an attempt to break above the trendline, Also after any correction to FIB's level; EMAs will support the movement and it should pullback from that points..
Have to mention that Volatility is being bullish too !

So there will be two bullish scenarios :
- Break above the trendline at current point and volatility cause another bounce by the bullish crossover
- Retest on lower EMAs and pullback from the support zones which has been merged with FIB's levels.

📚 Targets are mentioned on the chart, Potential +70% growth after a correction on FIB's levels !

🔴 We might face more FUD news as #BTC is approaching the 50K's resistance again, So manage your risks and don't engage more than 4% of your portfolio on ALTs.

Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
Helical_Trades