Commencez
cryptomius

ALGO completing Wyckoff accumulation phase

Long
Algorand Perpetual Futures (FTX:ALGOPERP)  
cryptomius  
FTX:ALGOPERP   Algorand Perpetual Futures
Support and Resistance Supply and Demand Pivot Points wyckoff wyckoffmethod wyckoffaccumulation wyckofftrading wyckoffspring wyckofftheory wyckoffanalytics wyckoffmarkup wyckoffevent
1
0
supportandresistance supplyanddemand pivotpoints wyckoff wyckoffmethod wyckoffaccumulation wyckofftrading wyckoffspring wyckofftheory wyckoffanalytics wyckoffmarkup wyckoffevent
After a multi-month period of mark-down ALGO is exhibiting the final stages of Wyckoff's accumulation model:

1. Preliminary Support (PS) established
2. Selling Climax (SC) achieved
3. Automatic Rally (AR) occurred
4. Secondary Tests (ST) occurred
5. Price broke key resistance level (Sign Of Strength / "crossed the creek"
6. Price Backed Up ("walk back to creek")

The next phase is the mark-up phase.
This could correspond well with a mid-term rally off SPY support level.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.