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

I can see a bullish pennant being formed on the 4H time frame. As we can see Algo was able to hold its position on the dynamic support from the pennant, and the price was not push by the previous low which was aroung 0.43.We can see the price followed the dynamic support from the pennant, and unfortunately it broke down.