#ALGO# Coinmarketcap fractal setup suggests a bullish reversal. Zooming in on the daily chart, $ALGO seems to be repeating the fractal from the end of 2024 - a pattern that previously led to a massive 333% rise. Last time, ALGO broke out of a large descending wedge, followed by a breakout from a smaller wedge, reclaiming the 50-day and 200-day moving averages, then slightly pulled back to retest the 200-day MA - stabilizing before initiating a higher rebound.
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GoodFortuneAndProsper
· 08-04 22:40
If it doesn't rise soon, I'm done for. Can you pump it two times in the next few days? Promise me.
#ALGO# Coinmarketcap fractal setup suggests a bullish reversal. Zooming in on the daily chart, $ALGO seems to be repeating the fractal from the end of 2024 - a pattern that previously led to a massive 333% rise. Last time, ALGO broke out of a large descending wedge, followed by a breakout from a smaller wedge, reclaiming the 50-day and 200-day moving averages, then slightly pulled back to retest the 200-day MA - stabilizing before initiating a higher rebound.