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DrDovetail

Algo making another attempt to break the triple bottom neckline

Algorand (COINBASE:ALGOUSD)  
DrDovetail Updated   
COINBASE:ALGOUSD   Algorand
Trend Analysis Chart Patterns algousd algo 1daychart triplebottom
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trendanalysis chartpattern algousd algo 1daychart triplebottom
Not yet fully confident we will close the current candle above the neckline when looking just to the left we can see we’ve already had a few wicks pierce it but no body closes above the grey neckline just yet. Would not surprise me if the current candle will be the one we finally get a candle body close above the neckline on but will leave this neutral now until I have more confirmation to go by. If it follows Ethereum,’s lead here it likely will close some candle bodies above the neckline sooner rather than later. If it does confirm a breakout it looks like we have a target of around 1.60-1.70 *not financial advice*
Comment:
As anticipated, ALGO now has a daily candle close above the neckline. Just needs to hold that neckline as solidified support now for confirmation and then if it can dot hat, BOOM! Breakout confirmed.
Comment:
Breakout confirmed. Halfway to tarrget.
Comment:
Target hit!
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