Long

Algorand (breakout deadline)

Updated

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.

*my other related ideas regarding Algorand are linked below (alternative chart patterns.)

Note

If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, with a double bottom (possible triple-bottom if it drops once more.)

Note

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 .

marcosdaunte

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