hi traders
Algorand (ALGO/USDT) is showing a strong bullish continuation pattern following an impulsive price move upward.
🔍 Technical Overview:
Current Price: $0.2828 USDT
Pattern: Bull Flag
A sharp upward move (flagpole) is followed by a period of consolidation within a downward-sloping channel, forming the flag.
This is a classic bull flag pattern, often indicating a pause before continuation in the original trend direction.
Volume Profile:
Volume surged during the flagpole advance.
It has since tapered off during the consolidation, which supports the textbook flag setup.
📈 Bullish Breakout Expectation:
Once the price breaks above the upper resistance trendline of the flag, a strong continuation move is likely.
The projected target is approximately $0.3677, representing a ~29.9% upside from the breakout level.
This target is measured by applying the height of the flagpole to the breakout point.
Wait for volume confirmation to avoid false breakouts.
*Important:
Failure to break the flag’s upper boundary could lead to further consolidation or a retracement.
Algorand (ALGO/USDT) is showing a strong bullish continuation pattern following an impulsive price move upward.
🔍 Technical Overview:
Current Price: $0.2828 USDT
Pattern: Bull Flag
A sharp upward move (flagpole) is followed by a period of consolidation within a downward-sloping channel, forming the flag.
This is a classic bull flag pattern, often indicating a pause before continuation in the original trend direction.
Volume Profile:
Volume surged during the flagpole advance.
It has since tapered off during the consolidation, which supports the textbook flag setup.
📈 Bullish Breakout Expectation:
Once the price breaks above the upper resistance trendline of the flag, a strong continuation move is likely.
The projected target is approximately $0.3677, representing a ~29.9% upside from the breakout level.
This target is measured by applying the height of the flagpole to the breakout point.
Wait for volume confirmation to avoid false breakouts.
*Important:
Failure to break the flag’s upper boundary could lead to further consolidation or a retracement.
💥 Free signals and ideas ➡ t.me/vfinvestment
免責事項
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💥 Free signals and ideas ➡ t.me/vfinvestment
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。