Algorand

$ALGO Wyckoff Accumulation with Spring?

268
WARNING: DO NOT TRADE ON THIS CHART

I heard plenty of chatter that BTC formed a Wyckoff Distribution into the dip. Similar to BTC, I see a fairly neat Wyckoff Accumulation here with ALGO that may indicate we have seen the bottom. If this holds, we should go "back-up" and flip the resistance into support on a retest.

However, I am new to this pattern and it is possible the "Spring" is actually "ST in Phase B". If that is the case we would drop below $.67.

I would be happy to hear from someone more experienced.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.