sattarbagernia

Do you believe in the reverse head and shoulders pattern?

BINANCE:ALGOUSDT   Algorand / TetherUS
The ALGO has now clearly formed an inverted shoulder cypress pattern.
Do you see it too?
I see the break of the neckline, which is a buy signal for me, but on the other hand, it is still below the monthly resistance.
Considering the many surprises of Bitcoin and the fact that Bitcoin is forming a new ceiling and every time the new ceiling of Bitcoin is accompanied by the correction of the market, I could not decide to buy.
But it tempts me greatly.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.