Algorand (one last dip to $1.88?)
Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
*follow the red-line in the flag pattern...
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
*follow the red-line in the flag pattern...
Note
*follow the red-line in the flag pattern...floor at $1.86-$1.90Note
*follow the red-line in the flag pattern...floor at $1.86-$1.90Note
Algorand has hit it's "floor" at $1.50, which was a previous price marker, and has seen a healthy recovery since the dip. Algo is now seeing higher lows, with a possible touch to $1.70-$1.65 before it continues moving up.I would expect some sideways trading between the pricing $1.90-$1.80. Resistance at $2.00 and $2. 40 .
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Disclaimer
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.