#ALGO
🚀 Follow the analysis of the movement of#ALGOUSD🇺🇸 within the daily time frame 🚀
🔀 The fourth wave is forming
It seems that the digital currency ALGO is preparing for a strong upward movement after the strong breakout of the price channel! 💥 The price succeeded in exceeding 361.8%, indicating the completion of the third wave, which forms the backbone of the current upward trend. 📈
💡 Now, we are in the fourth wave phase, which comes after the sharp rise of the third wave. Given the sharpness of the previous second wave, the fourth wave is likely to take a sideways character and may move within a sideways pattern or perhaps form in a corrective triangle pattern. This corrective pattern reflects the temporary balance before preparing for a new round of rise! 💥
🎯 If the key level of the corrective pattern is broken, we will see the next upside wave heading towards the 0.7730 - 1.2022 area, indicating major upside targets for bulls! 🐂