We wicked down and tapped the trend and 0.786 fib perfectly this morning and it may signify the end of the correction for ALGO and all of crypto really.
I think we may get another tab of the trend line & 0.786 fib, forming a double bottom on the lower time frames before a slingshot back up.
Should we break the trend line and close below, we have support at the grey box & the $1.00 psychological level.
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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.