ALGOUSDT Perpetual Contract
Short
Zaktualizowano

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

516
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
Uwaga
snapshot
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!
Uwaga
snapshot
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!

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