TradeWize · free chart read

ALGO is coiling inside a falling wedge with no clear trend after the daily uptrend broke. The coil is on thin volume. $0.09048 ends the wedge, $0.09206 resumes the rise.

ALGO-USD · 1H · read on 2026-09-04 · Still forming.

What the read found

Trend: a series of higher highs and higher lows over the window, 4 steps across 66 bars — and that run is OVER: price closed below the last higher low 2 bars ago. Do not describe it as a trend that is still running.
Formation: falling wedge — Still forming.
Decides above: $0.09206 (the falling wedge)
Decides below: $0.09048 (the falling wedge)
Resistance: $0.09228
Resistance: $0.09472
Level history: The last five times price reached $0.09228 it held 4 times, bouncing 2.3% on average, and broke through once.
Level history: The last four times price reached $0.09472 it held three times, bouncing 3.7% on average.

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Every figure on this page was computed from the real candles up to 2026-09-04. This is a description of a chart, not advice, a signal or a forecast. Disclaimer · What a read returns