Update from previous published ideas for Algo's breakout.
Algorand is breaking out of a large descending wedge (blue triangle), tracking along a rounding bottom (red arching line) with a price target of $2.00-$2.20 by 10-20-2021 to 10-23-2021. Expect some sideways trading, which could cause the deadline to be extended by a few days possibly a week.
copied bars pattern-purple bars can be seen with a price target of $2.00. Off-centered, but the basic scenario a possibility still; AB-CD/Measured move up pattern.
resistance at $1.75 and $1.90-$2.00...ceiling at $2.00. Trading within the orange rectangle is what is most important, there is a possibility that Algo can breakout of the rounding bottom and/or copied bars pattern...as recent volatility is causing the entire Crypto Market experience additional sideways trading or sporadic downtrends before their trend change to the upside (new highs).
related in-depth published Algorand ideas linked below:
Algorand is breaking out of a large descending wedge (blue triangle), tracking along a rounding bottom (red arching line) with a price target of $2.00-$2.20 by 10-20-2021 to 10-23-2021. Expect some sideways trading, which could cause the deadline to be extended by a few days possibly a week.
copied bars pattern-purple bars can be seen with a price target of $2.00. Off-centered, but the basic scenario a possibility still; AB-CD/Measured move up pattern.
resistance at $1.75 and $1.90-$2.00...ceiling at $2.00. Trading within the orange rectangle is what is most important, there is a possibility that Algo can breakout of the rounding bottom and/or copied bars pattern...as recent volatility is causing the entire Crypto Market experience additional sideways trading or sporadic downtrends before their trend change to the upside (new highs).
related in-depth published Algorand ideas linked below:
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.