Two lines of resistance/support
Lets look at that green line and white arrows first. This was the lower level of support end of Feb and early March before it broke down to that other lower green line of support switching to use this line as the upper bound which has capped this run to date.
The other level of resistance is around $1.23 (and lines up with the .382 fib retracement level) which was a resistance level in the last bull run where the price paused for 2 days before running up to $1.86, then was the upper bound of the wicks over the last 2 weeks before the break through this morning.
So if you believe in the self fulfilling prophecy that is Fibonacci levels, then we could see Algo hitting $2.49 if we get price volume in as we saw last month.
The other level of resistance is around $1.23 (and lines up with the .382 fib retracement level) which was a resistance level in the last bull run where the price paused for 2 days before running up to $1.86, then was the upper bound of the wicks over the last 2 weeks before the break through this morning.
So if you believe in the self fulfilling prophecy that is Fibonacci levels, then we could see Algo hitting $2.49 if we get price volume in as we saw last month.
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