Algorand
更新済

algo appears to be possibly breaking up from purple channel

821
We can see here how algo’s current daily candle is confidentially above the purple channel’s top trendline and currently seeing a bullish impulse. If it validates the breakout at this spot the target is around 39 cents. *not financial advice*
ノート
.3994 to be exact.
ノート
Back below the key purple trendline for now. Price action often takes a few dips back below a trendline before finally triggering the official breakout so no big shock here.
ノート
Seems like we need at least 2 consecutive weekly candle closes above the purple trendline before we can validate a breakout.

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