ALGO is currently changing the direction as it found nice support around past support areas.
I am bullishg if we see a daily close above fib 61.8 level. However, bitcoin price action will define the short term trend of ALGO as well. Need to consider.
Algo is currently inside of a massive falling wedge pattern (bullish pattern). Volume is declining as we come closer to the breakout point as well.
Breakout traders will be waiting to enter positions once price break the resistance or support line. Breakout to the upside is more probable.
easy chart and easy profit for you!
as you can see price break downtrend dynamic resistant and do rightly a good pullback to it.
good support with moving averages and static line.
i think price can go up to mark target in 10 day.
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