This chart of ALGO/USDT presents one of the cleanest and most promising bottom formations in the entire altcoin market.
🔍 Technical Highlights
Clear Rounded Bottoms: ALGO has formed multiple rounded bottoms over a long accumulation period, signaling strong base building and exhaustion of sellers.
Descending Wedge Breakout: A breakout from the falling wedge pattern has occurred, further validating the bullish reversal.
RSI Divergence: On the RSI, we see a bullish divergence, suggesting momentum is shifting to the upside.
📈 Market Outlook
ALGO looks ready to begin a parabolic move, breaking out from months of consolidation.
This setup combines long-term support, bullish structure, and momentum reversal.
Based on this structure and previous behavior, we expect a powerful move over the next 1–2 months.
🎯 Targets
First target: $0.6773 — long-term trendline resistance.
Final target: $0.8138 — previous key resistance zone and measured move potential.
🛡️ Conclusion
This is a high-potential setup that stands out in the current altcoin landscape. The structure, volume compression, and technical signals strongly suggest ALGO is preparing for a major breakout. If the move plays out as expected, we could see the price reach both targets within the next 60 days.
One to watch very closely!
🔍 Technical Highlights
Clear Rounded Bottoms: ALGO has formed multiple rounded bottoms over a long accumulation period, signaling strong base building and exhaustion of sellers.
Descending Wedge Breakout: A breakout from the falling wedge pattern has occurred, further validating the bullish reversal.
RSI Divergence: On the RSI, we see a bullish divergence, suggesting momentum is shifting to the upside.
📈 Market Outlook
ALGO looks ready to begin a parabolic move, breaking out from months of consolidation.
This setup combines long-term support, bullish structure, and momentum reversal.
Based on this structure and previous behavior, we expect a powerful move over the next 1–2 months.
🎯 Targets
First target: $0.6773 — long-term trendline resistance.
Final target: $0.8138 — previous key resistance zone and measured move potential.
🛡️ Conclusion
This is a high-potential setup that stands out in the current altcoin landscape. The structure, volume compression, and technical signals strongly suggest ALGO is preparing for a major breakout. If the move plays out as expected, we could see the price reach both targets within the next 60 days.
One to watch very closely!
تم فتح الصفقة
ALGO with a bullish momentum may reach 0,80 sooner than we think. I'm very bullish on this projectملاحظة
so far so good
💥 Free signals and ideas ➡ t.me/vfinvestment
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💥 Free signals and ideas ➡ t.me/vfinvestment
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.