ALGOUSD Algorand Daily

algo looks to be a failing to break the .50 fib upward, and holding the downward trend line short term. Stuck between resistance above, and a massive amount of support below, a test downward is only logical from here. A Big Head and shoulders looks to drive continued capitulation, and force a test of the monthly support line . I expect a bounce back up from there, with another long fight to get back its lost ground. Short target $.23-$.215, long from there. Thanks for looking!