Bitcoinik

Algorand (ALGO) ready for breakout

Long
BINANCE:ALGOUSDT   Algorand / TetherUS
Algorand has a very good team and a lot of developments are going on. ALGO is forming an ascending triangle and respecting the uptrend line. ALGO bounced from the trend line and we see a good rally after it breaks the triangle. Build your position before the next rally.

Buy Zone: $1.3 - $1.33

Target: $1.49 - $1.64 - $1.78 - $1.95 - $2.2 - $2.45 - $2.7

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.