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Algorand
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Algo making another attempt to break the triple bottom neckline

622
Not yet fully confident we will close the current candle above the neckline when looking just to the left we can see we’ve already had a few wicks pierce it but no body closes above the grey neckline just yet. Would not surprise me if the current candle will be the one we finally get a candle body close above the neckline on but will leave this neutral now until I have more confirmation to go by. If it follows Ethereum,’s lead here it likely will close some candle bodies above the neckline sooner rather than later. If it does confirm a breakout it looks like we have a target of around 1.60-1.70 *not financial advice*
Nota
As anticipated, ALGO now has a daily candle close above the neckline. Just needs to hold that neckline as solidified support now for confirmation and then if it can dot hat, BOOM! Breakout confirmed.
Nota
Breakout confirmed. Halfway to tarrget.
Nota
Target hit!
DrDovetail
1daychartalgoalgousdChart PatternsTrend Analysistriplebottom

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1daychartalgoalgousdChart PatternsTrend Analysistriplebottom
DrDovetail

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.