EuroMotif

ALGO.usd Break Out under way? +50% move very possible from .2182

EuroMotif Mod Updated   
COINBASE:ALGOUSD   Algorand
Part of my ongoing analysis for AlgoRand (see links below)

This is the big picture plot, since pre-covid crash.
Algo has had a slower recovery that some others.
But it is now building a pretty solid trend structure.

$ 0.2182 is the KEY level, break and retest possible, break and run preferred.
$ 0.3051-0.3104 will be first Major resistance, a level to take some profits.
$ 0.3345-0.3389 will be VERY Strong resistance, good place to close all.

Previous Algo analysis (click):
.22 Retrace Target
.25 Rocket Launch
.25 Retrace Map
.29 Top Alert
.24 Bounce Call
.20 Bottom Map
.19 Break Out

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Comment:
Primary Target Hit!

Just touched the primary resistance around 31 cents
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Zoom IN (3 min) for a closer look WOW! near perfect.
It may will go to the top bound of that zone, but given time of day (late Asia session) that might be top for now.
So now to watch the retrace....

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Comment:
Ping

Secondary Target hit Looks like to go more, but might need retest previous resistance below.

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