🔥 ALGO Bear Flag Break Out

Since the massive sell off a couple of weeks ago, ALGO has been trading inside a bullish upward channel. With BTC falling over the last 24 hours, ALGO has broken through the channel support, making this a bear flag pattern.

Current target would be the low between 0.7 and 0.75.

Happy trading!

Kommentera:

Very strong bullish reversal after BTC hit the bottom at 31k. Was under the impression that BTC would fall further, which was not the case in the end.