We have formed this ascending triangle on the daily logarithmic chart which is a bullish sign for ALGO. We are still in either the 3rd or 5th Leg on the Macro trend for ALGO which is super bullish long term, however due to the recent pullback on the smaller time frame we may see one more dip to the downside completing an ABC correction wave. Support would form near the bottom of the blue channel at the $1.20 mark in my opinion.
Overall Bullish for ALGO, and enjoying the staking rewards of this bumpy ascent.
Overall Bullish for ALGO, and enjoying the staking rewards of this bumpy ascent.