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Algorand
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algo appears to be possibly breaking up from purple channel

823
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*
ملاحظة
.3994 to be exact.
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.
ملاحظة
Seems like we need at least 2 consecutive weekly candle closes above the purple trendline before we can validate a breakout.
DrDovetail
algoalgorandalgousdbullishbreakoutChart PatternsDescending ChannelTrend Analysis

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algoalgorandalgousdbullishbreakoutChart PatternsDescending ChannelTrend Analysis
DrDovetail

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.