ALGO May Rise After Two Weeks of Accumulation
ALGO May Rise After Two Weeks of Accumulation
Since August 27, 2024, ALGO has been moving down within a descending pattern.
The recent breakout above this pattern suggests a potential bullish movement, which could drive ALGO back to its previous highs, as illustrated in the chart.
A minor correction is anticipated before the price resumes its upward trajectory.
This correction may occur ahead of the US CPI data release, given the current market speculation.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Since August 27, 2024, ALGO has been moving down within a descending pattern.
The recent breakout above this pattern suggests a potential bullish movement, which could drive ALGO back to its previous highs, as illustrated in the chart.
A minor correction is anticipated before the price resumes its upward trajectory.
This correction may occur ahead of the US CPI data release, given the current market speculation.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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