https://www.tradingview.com/x/zY1Puv7M/

VIP Updates

- ALGO after a nice pump, it's now retracing a little bit which is normal.

- 200EMA must hold the price and I think that this will be the area where it will bounce (1).

- Weekly trend below as second must hold, I give it less credit now and I think that the most likely income will be that price stabilizes around the 200EMA with 13/21EMA catching up to be on the same level before we see the price sending again.

https://www.tradingview.com/x/OG0R6KTc/ ( 3D chart )

- In the 3 Days chart we can see that the 13 EMA is on the same level as the Weekly 200EMA which gives more credits to this zone for a bounce.

https://www.tradingview.com/x/dYMhCYDV/ ( Daily )

- And again more confluences..

- Daily 34EMA is again more or less in the same zone as the D3 13EMA and W1 200EMA.

Conclusion :

0.37X to 0.35X is the area you want to bid for ALGO.

Invalidation will be very clear as if we lose all these levels at the same time there will be more downside coming for it.

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