Technical analysis by czguinto about Symbol ALGO: Buy recommendation (12/9/2024)

I can see a descending wedge pattern forming on the 1H time frame. Currently, we are below 20,50,200 MAs. If we are able to breakout from the wedge and form a golden cross, I can see the price go back and retest the 0.5 resistance area. If it breaks out, we may see another retest on 0.6. Also, its blood bath mondays as always.