spiritedBear89562

Triangle pattern

spiritedBear89562 Updated   
COINBASE:ALGOUSD   Algorand
3 touches each line forming a symmetrical triangle pattern. Giving us the breakout target of $1.97. Worst case, it breaks down and we have the long running trend from the peaks in Feb and August of 2020 acting as our lower support.
Comment:
We also have (in red) a bullish divergence of the RSI heading below 50%.
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.