ALGO parallel channel near to break
#ALGO/USDT
$ALGO is trading inside descending parallel channel and now it below upper line that is the same with resistance zone.
🐮 break out from upper line can increase price to resistance zone between $1 and $1.05.
also it is possible that price drop to support zone around $0.77 and shape a reverse head and shoulders then try to break out from upper line.
🐻 break below support of $0.75 will drop price to support zone between $0.7 and $0.65.
$ALGO is trading inside descending parallel channel and now it below upper line that is the same with resistance zone.
🐮 break out from upper line can increase price to resistance zone between $1 and $1.05.
also it is possible that price drop to support zone around $0.77 and shape a reverse head and shoulders then try to break out from upper line.
🐻 break below support of $0.75 will drop price to support zone between $0.7 and $0.65.
