Fib Level of 0.382 becomes the Point of Control...
Perhaps you think the worst of the bear market is over. If so, ALGO may be trading at values that are quite attractive for the long term holder or new to the ALGO coin. From the previous high in November around 45 cents, trading at 23 cents is almost 50% off. Drawing the fib retracement alongside the volume profile for ALGO going back to May of 2021, shows an alignment of 0.382 fib level with the Point of Control.
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