Algorand Short Scenario
Updated
ALGO's last two local highs both saw spinning top candles on the daily chart. Each realizing approx 20% retracement that followed the daily candle close over about 1.5 weeks.Today, ALGO is forming another spinning top. If the trend continues, this gives a short-term price target of $0.67 by end of March.
Trade active
Short is still active with inverted cup & handle pattern forming. Idea posted earlier today.
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