Algorand
Long

ALGO takeoff has been delayed

328
BTC tanking has resulted in ALGO trading in between two ellipses - one acting as support, and the other as resistance. Hopefully it holds here, or we could see a more major correction down to the $1.09 area. Unless BTC has a major rally to lift ALGO back up, it looks as though that major green ellipse will be acting as resistance rather than support.

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