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ALGO has been in a clear downtrend for an extended period, but price is now compressing inside a falling wedge , a pattern that often precedes a bullish reversal. Price is currently testing a major horizontal support zone aligned with previous macro lows. At the same time, price remains below the SMA 40 and EMA 150, confirming that higher-timeframe momentum is still bearish. As long as these moving averages are not reclaimed, caution is warranted. 🔍 Scenarios: Bullish scenario: – Breakout above the falling wedge – Reclaim of the EMA 150 – First targets toward prior range highs Bearish scenario: – Loss of current support – Acceleration to the downside toward lower liquidity zones – Wedge failure → trend continuation This is a key decision area : either a structural trend reversal, or one final flush before a potential bottom forms.

On the weekly chart, CRO/USD continues to respect a long-term ascending channel that has been in place since the 2022 bottom. Price has repeatedly bounced from the lower trendline and previously made strong impulsive moves toward the upper resistance. Notably, previous major rallies within this structure took approximately 266 days from bottom to top, which aligns closely with the current market structure and timing. If this cyclical behavior repeats, a similar move could be in play. At the moment, price is once again trading near the lower boundary of the ascending channel , an area that has historically acted as strong support. This zone also coincides with long-term moving averages, adding confluence. Key points: Clear ascending channel on the weekly timeframe Repeated reactions from the lower trendline Historical moves show ~266-day expansion phases Potential upside of approximately +300% if price reaches the upper channel resistance This setup favors a long-term swing or position trade , provided the lower channel support holds. A breakdown below the channel would invalidate the bullish scenario. As always, this is not financial advice—manage risk accordingly.