Here we can see 
ALGOUSD is about finished forming a Continuation Pattern, the Bullish Wedge!
Price has made an impressive .50 increase since Trump taking office but has slipped into quite a steep Consolidation Phase where Price has made run for the 88.6% Retracement and seems to be filling out the rest of the "Point" of the Wedge!
Accompanying the Chart Pattern is a Decrease in Volume as well, signaling the tight Consolidation could be looking to make a break soon!
*With a True Breakout, we will want to be vigilant of multiple factors coming into play with Increase of Volume to Validate the Break of Pattern!
Once the Pattern is Confirmed and a Breakout Validated, based on the "Flagpole" of the Pattern, we could expect a potential extension of price to go behind the current Swing High of .6133 and up into the .70 area!
ALGOUSD is about finished forming a Continuation Pattern, the Bullish Wedge!Price has made an impressive .50 increase since Trump taking office but has slipped into quite a steep Consolidation Phase where Price has made run for the 88.6% Retracement and seems to be filling out the rest of the "Point" of the Wedge!
Accompanying the Chart Pattern is a Decrease in Volume as well, signaling the tight Consolidation could be looking to make a break soon!
*With a True Breakout, we will want to be vigilant of multiple factors coming into play with Increase of Volume to Validate the Break of Pattern!
Once the Pattern is Confirmed and a Breakout Validated, based on the "Flagpole" of the Pattern, we could expect a potential extension of price to go behind the current Swing High of .6133 and up into the .70 area!
Giao dịch đang hoạt động
With the RSI now above 50 with a Valid Breakout of the pattern, I will begin accumulating $ALGOUSD!
I believe we will begin to see price move very Bullish from here!
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
For All Things Currency,
Keep It Current,
With Novi Fibonacci!
Keep It Current,
With Novi Fibonacci!
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.