ALGO to $1.05 or $1.03, the back up?

ALGO has been following the bottom of the yellow ellipse down as BTC continues to drop. If that ellipse holds, it could ride back up after touching $1.05 or even $1.03. However, if it breaks below that ellipse, it’s unclear to me how far it falls from there.

Trade carefully.
ellipseellipticalpatternsTrend Analysis

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