Algorand is stuck in a sideways trading pattern (orange rectangle) after forming a large bull flag pattern (blue triangle), which formed after a rise of 187%. Support at $1.70, which is also the retracement line 78% (if fib. was started from $1.56). expected touch on the bottom of the orange rectangle, with price breaking out of the sideways trading unknown. Most likely scenario is a downtrend, followed by the relative strength index hitting the 30% marker, allowing an upward breaking after. Possibly touch to $1.70, with resistance at $1.93-$2.00. Ceiling at $2.00 (high level of resistance). Floor at $1.50 (high level of support).
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.