ALGO doing the move ?

8 Kas 2021

ALGO seem to be breaking out of his triangle but i would stay cautious as long as we don't have a daily above 2.05$.

If it does close above then the plan would be to buy any retest of 1.95$ and target 2.5$ as 1st TP which would be what i would play since MACD daily is turning bullish.

If it close under then we would need to rethink the upper trendline of the pattern perhaps and exclude the price action of 10 to 12th september which is missleading.

Ideally we want a daily close at 2.1$ so both trendline would become potential support combine with the current resistance area 1.95$/2.05$

Let's see how this will play out