It's hard to tell what pattern Algorand is in right now. To me it looks like a descending triangle as shown.
I think Algorand is about to break out sometime this weekend. Continued falling BTC dominance would support this hypothesis.
I think Algorand is about to break out sometime this weekend. Continued falling BTC dominance would support this hypothesis.
Note
Looks like rejection at the top side of the triangle. Might need some more time before a full blown breakout.
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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.