Algorand (breakout coming!)
Algorand is forming a large high and tight bull flag pattern, with a price target around $2.68 (on the low end) and $3.68 (on the high end.)
At the time of writing this Algo has seen a drop of 11%, and could drop to 15%-25% (leaving a floor around $1.50). There could be a couple of reasons for this drop in price: normal crypto volatility, liquidation from leverage, recent options expiring and/or price manipulation.
Additional Trading Journal Notes: Could Algorand see price peak at the dip around 5:55 A.M (09-20-2021) 🌕
*Bars Pattern copied from last dip, seen as blue bars.
*The Salt Conference ended in N.Y, which set-up Algorand for heavy adoption (and the overall crypto market.)
*Algorand Community Governance coming October 1st, 2021.
Other related published ideas linked below and alternative chart patterns linked below:
At the time of writing this Algo has seen a drop of 11%, and could drop to 15%-25% (leaving a floor around $1.50). There could be a couple of reasons for this drop in price: normal crypto volatility, liquidation from leverage, recent options expiring and/or price manipulation.
Additional Trading Journal Notes: Could Algorand see price peak at the dip around 5:55 A.M (09-20-2021) 🌕
*Bars Pattern copied from last dip, seen as blue bars.
*The Salt Conference ended in N.Y, which set-up Algorand for heavy adoption (and the overall crypto market.)
*Algorand Community Governance coming October 1st, 2021.
Other related published ideas linked below and alternative chart patterns linked below:
הערה
Algo's bottom?
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.