moving the wrong direction
Updated
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.
Note
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.
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