ALGO/BTC (Algorand) Chart Showing Promise on a Logarithmic Scale

ALGOBTC has found support on the 0.5 Fib line and a rising trend line on the logarithmic scale. In this chart, I argue why these two signals are not strong enough and conclude that we should wait longer for a trade setup to emerge.

You can follow this chart here.

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Thank you.

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This is weaker than I expected. Until now, we don't see signs of reversal.