Algorand (ALGO) Possible Breakout Idea.

2022년 4월 1일

Possible breakout for both downtrend and fib wedge resistance. These are pros and cons of this setup

PROS

There is a Bullish Divergence in Volume Price Trend indicator. (by:AdonisWerther)
The wick of the last low didn't go below last lows wick.
Strong support at 0,8861 levels.
Price is still trying to break fib trend resistance.

CONS

Buyers volume is still low.
With low volume price could struggle to break 2 resistance at the same time.
Bitcoin could go below 45.000 (it can be seen as ALGO rejetcing from resistance).
New Higher Low.

2022년 4월 2일

코멘트

Breakout has been completed.