hi traders
Algorand (ALGO/USDT) is showing a strong bullish continuation pattern following an impulsive price move upward.
🔍 Technical Overview:
Current Price: $0.2828 USDT
Pattern: Bull Flag
A sharp upward move (flagpole) is followed by a period of consolidation within a downward-sloping channel, forming the flag.
This is a classic bull flag pattern, often indicating a pause before continuation in the original trend direction.
Volume Profile:
Volume surged during the flagpole advance.
It has since tapered off during the consolidation, which supports the textbook flag setup.
📈 Bullish Breakout Expectation:
Once the price breaks above the upper resistance trendline of the flag, a strong continuation move is likely.
The projected target is approximately $0.3677, representing a ~29.9% upside from the breakout level.
This target is measured by applying the height of the flagpole to the breakout point.
Wait for volume confirmation to avoid false breakouts.
*Important:
Failure to break the flag’s upper boundary could lead to further consolidation or a retracement.
Algorand (ALGO/USDT) is showing a strong bullish continuation pattern following an impulsive price move upward.
🔍 Technical Overview:
Current Price: $0.2828 USDT
Pattern: Bull Flag
A sharp upward move (flagpole) is followed by a period of consolidation within a downward-sloping channel, forming the flag.
This is a classic bull flag pattern, often indicating a pause before continuation in the original trend direction.
Volume Profile:
Volume surged during the flagpole advance.
It has since tapered off during the consolidation, which supports the textbook flag setup.
📈 Bullish Breakout Expectation:
Once the price breaks above the upper resistance trendline of the flag, a strong continuation move is likely.
The projected target is approximately $0.3677, representing a ~29.9% upside from the breakout level.
This target is measured by applying the height of the flagpole to the breakout point.
Wait for volume confirmation to avoid false breakouts.
*Important:
Failure to break the flag’s upper boundary could lead to further consolidation or a retracement.
💥 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.
💥 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.