Hello everyone,
here is my ALGORAND/ USDT technical analysis, on the weekly time frame.
ALGORAND has been in an accumulation phase since September 2019.
I believe algorand is forming a Head and Shoulders pattern, broke out with strong volume and is now retesting the neckline of the previous confluence zone.
its expansion phase will come strongly if this retest is successful after the weekly closure.
A long accumulation phase means a long expansion phase... With the quality of the project behind, and its beautiful chart, i believe its safe to say ALGO will perfoms well in this bull cycle
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly.D
/Metamorphose your portfolio/
here is my ALGORAND/ USDT technical analysis, on the weekly time frame.
ALGORAND has been in an accumulation phase since September 2019.
I believe algorand is forming a Head and Shoulders pattern, broke out with strong volume and is now retesting the neckline of the previous confluence zone.
its expansion phase will come strongly if this retest is successful after the weekly closure.
A long accumulation phase means a long expansion phase... With the quality of the project behind, and its beautiful chart, i believe its safe to say ALGO will perfoms well in this bull cycle
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly.D
/Metamorphose your portfolio/