BINANCE:ALGOUSDT   Algorand / TetherUS
Weekly logarithmic time-frame:
An impulsive wave consists of 5 sub-wave shaped through a channel and wave 4 overlapped wave 1, this means than the probability of breaking down the channel is high.
Finally channel braked down with the red candle closed.
go for short.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.