Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
*follow the red-line in the flag pattern...
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
*follow the red-line in the flag pattern...
Comment:
*follow the red-line in the flag pattern...floor at $1.86-$1.90
Comment:
*follow the red-line in the flag pattern...floor at $1.86-$1.90
Comment:
Algorand has hit it's "floor" at $1.50, which was a previous price marker, and has seen a healthy recovery since the dip. Algo is now seeing higher lows, with a possible touch to $1.70-$1.65 before it continues moving up.
I would expect some sideways trading between the pricing $1.90-$1.80. Resistance at $2.00 and $2. 40 .
I would expect some sideways trading between the pricing $1.90-$1.80. Resistance at $2.00 and $2. 40 .