Algorand (Sideways Trading)
Algorand is stuck in a sideways trading pattern (orange rectangle) after forming a large bull flag pattern (blue triangle), which formed after a rise of 187%.
Support at $1.70, which is also the retracement line 78% (if fib. was started from $1.56).
expected touch on the bottom of the orange rectangle, with price breaking out of the sideways trading unknown.
Most likely scenario is a downtrend, followed by the relative strength index hitting the 30% marker, allowing an upward breaking after.
Possibly touch to $1.70, with resistance at $1.93-$2.00.
Ceiling at $2.00 (high level of resistance).
Floor at $1.50 (high level of support).
Support at $1.70, which is also the retracement line 78% (if fib. was started from $1.56).
expected touch on the bottom of the orange rectangle, with price breaking out of the sideways trading unknown.
Most likely scenario is a downtrend, followed by the relative strength index hitting the 30% marker, allowing an upward breaking after.
Possibly touch to $1.70, with resistance at $1.93-$2.00.
Ceiling at $2.00 (high level of resistance).
Floor at $1.50 (high level of support).
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.
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.