Algorand
Long
Updated

ALGO Breaking Out!

585
ALGO over $1.45 resistance can imply a 18% move back to $170 lvl area. The last 10 days has shown a nice rally from $1 lvl back to $1.45. We formed a nice bull pennant on the daily chart and right now looks to be breaking above. I will look to enter over $1.45 for a swing, SL at 1.38.
Note
Many coins pulling back a little right now. ALGO not ready yet. Needs to hold over $1.3-$1.31 other wise we can see a pullback. Keep an eye on $1.45.
Note
ALGO might try to retest $1.45 here soon be ready
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Failed again at $1.45. tough lvl! still watching

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