🌧️ ALGO Breakout From Wedge

5 Nis 2021

ALGO has been in a descending wedge for a while. Recently, it broke out and consolidated on support outside of the wedge. If the market remains bullish, expect ALGO to move upwards towards the $2 price range (height of the wedge).

6 Nis 2021

Not

Take profit 1: ~$1.7
Take profit 2: ~$2.1
Recommended to set trailing stop losses as we move towards take profit level 2.