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

٢٥ أبريل ٢٠٢١ALGO 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.