Well, looks like ALGO has de-coupled from the broader market, unfortunately going down while everything else goes up.
We just had a depressing Head and shoulders pattern which will likely continue with a fall to around $1.00. Unless the clouds part and we'll continue the slow climb up either getting back above the green line or staying above the blue.
We just had a depressing Head and shoulders pattern which will likely continue with a fall to around $1.00. Unless the clouds part and we'll continue the slow climb up either getting back above the green line or staying above the blue.
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So, despite my optimism in my more recent post – I was double right here. Totally called the fall to $1.00 (ok $1.01) and it then bounced back into the channel I outlined and has been following this line pretty closely minus that surprise pump.