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algo appears to be possibly breaking up from purple channel

Algorand (COINBASE:ALGOUSD)  
DrDovetail Updated   
COINBASE:ALGOUSD   Algorand
Chart Patterns Trend Analysis algo algousd algorand Descending Channel bullishbreakout
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chartpattern trendanalysis algo algousd algorand descendingchannel bullishbreakout
We can see here how algo’s current daily candle is confidentially above the purple channel’s top trendline and currently seeing a bullish impulse. If it validates the breakout at this spot the target is around 39 cents. *not financial advice*
Comment:
.3994 to be exact.
Comment:
Back below the key purple trendline for now. Price action often takes a few dips back below a trendline before finally triggering the official breakout so no big shock here.
Comment:
Seems like we need at least 2 consecutive weekly candle closes above the purple trendline before we can validate a breakout.
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