🔥 ALGO Falling After Crazy Run-Up: Triangle Analysis

22 בפבר׳ 2021

ALGO has seen some immense growth over the last two months. Since half February, however, ALGO has seen consolidation inside a triangle. At the moment, it seems that ALGO is falling through the bottom support of said triangle, marking a new way down. Since Bitcoin has seen a strong drop in the past 24 hours, ALGO's performance is in line with the market.

On the chart I’ve marked two potential areas of support, S1 and S2. These areas are based on recent swing highs/lows. Do your own due diligence.

Happy trading!