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marcosdaunte

Algorand (breakout deadline)

Long
Algorand / Tether (KUCOIN:ALGOUSDT)  
marcosdaunte Updated   
KUCOIN:ALGOUSDT   Algorand / Tether
Chart Patterns Trend Analysis Fundamental Analysis algorand algo Cryptocurrency crypto Bitcoin (Cryptocurrency) Ethereum (Cryptocurrency) DEFI futurefinancialsystem
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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.

*my other related ideas regarding Algorand are linked below (alternative chart patterns.)
Comment:
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, with a double bottom (possible triple-bottom if it drops once more.)
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 .

snapshot
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