Has we have seen on our previous analysis of ALGO on the weekly timeframe,
Algorand broke out with strong volume,
Now ALGO succesfully closed the week above the neckline, retested it, and had a great bounce on it. It shows that the bulls are in control and logically, we are heading till target 1... For a first step !
- Succesful breakout + Retest
- Strong volume wich confirm the momentum
- We went out of a Long accumulation phase -> now, long expansion phase
- Bitcoin is ranging, so the altcoins are able to let themselves go ...
- Great fundamentals behind
Everything is green for ALGORAND at the moment!
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/
Algorand broke out with strong volume,
Now ALGO succesfully closed the week above the neckline, retested it, and had a great bounce on it. It shows that the bulls are in control and logically, we are heading till target 1... For a first step !
- Succesful breakout + Retest
- Strong volume wich confirm the momentum
- We went out of a Long accumulation phase -> now, long expansion phase
- Bitcoin is ranging, so the altcoins are able to let themselves go ...
- Great fundamentals behind
Everything is green for ALGORAND at the moment!
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio/
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.
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.