Algorand (ALGO): Head&Shoulders Pattern About To Break Neckline

17 thg 6, 2024

Algorand is looking sweet with a ncie H&S pattern where we are now at the final stage of breakdown (price is testing the neckline zone).

We are looking here for a full-scale breakdown, which would result in a movement to the lower target zone!

Swallow Team

18 thg 6, 2024

Ghi chú

Algorand has broken that neckline zone, resulting in a nice, sharp candle with 14% of market price movement so far.

Target is still far away so keep your eyes open for that target zone now!

19 thg 6, 2024

Ghi chú

Algorand is also having a smaller correction after that break at the neckline zone.

We are now looking for further movement to lower zones as we see that re-testing (which is natural movement after breakdowns) is not happening, which again shows the dominance of sellers near that zone! ... for now!