Algorand (ALGO): Head&Shoulders Pattern About To Break Neckline
Algorand is looking sweet with a ncie H&S pattern where we are now at the final stage of breakdown (price is testing the neckline zone).
We are looking here for a full-scale breakdown, which would result in a movement to the lower target zone!
Swallow Team
We are looking here for a full-scale breakdown, which would result in a movement to the lower target zone!
Swallow Team
Note
Algorand has broken that neckline zone, resulting in a nice, sharp candle with 14% of market price movement so far.
Target is still far away so keep your eyes open for that target zone now!
Note
Algorand is also having a smaller correction after that break at the neckline zone.
We are now looking for further movement to lower zones as we see that re-testing (which is natural movement after breakdowns) is not happening, which again shows the dominance of sellers near that zone! ... for now!
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.