algo appears to be possibly breaking up from purple channel

٢٢ ديسمبر ٢٠٢٣

We can see here how algo’s current daily candle is confidentially above the purple channel’s top trendline and currently seeing a bullish impulse. If it validates the breakout at this spot the target is around 39 cents. *not financial advice*

٢٢ ديسمبر ٢٠٢٣

ملاحظة

.3994 to be exact.

٦ يناير ٢٠٢٤

ملاحظة

Back below the key purple trendline for now. Price action often takes a few dips back below a trendline before finally triggering the official breakout so no big shock here.

١٦ يناير ٢٠٢٤

ملاحظة

Seems like we need at least 2 consecutive weekly candle closes above the purple trendline before we can validate a breakout.