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ALGO broke out of a falling wedge 1 bar ago on thin volume inside a 4 hour uptrend. Below $0.09110 the break has failed.

ALGO-USD · 5M · read on 2026-09-04 · Broke above $0.09110 1 bar ago on thin volume. No retest yet.

What the read found

Trend: lower highs and lower lows over the window, 4 steps across 25 bars — and that run is OVER: price closed above the last lower high 1 bars ago. Do not describe it as a trend that is still running.
Formation: falling wedge — Broke above $0.09110 1 bar ago on thin volume. No retest yet.
Decides above: $0.09281 (the trendline)
Decides below: $0.09110 (the breakout)
Support: $0.09119
Support: $0.09061
Level history: The last three times price reached $0.09119 it held twice, bouncing 0.7% on average, and broke through once.
Level history: The last two times price reached $0.09061 it held every time, bouncing 1.1% 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