Algorand has broken through a key resistance at 0.3300. This signals the start of a new bullish trend on the weekly timeframe. Currently, the price is moving within the buying zone of an Andrews Pitchfork, which presents a potential setup for buyers.
The ideal strategy is to wait for a retracement towards the median line before considering long positions. This level often acts as a magnet for price and provides an opportunity to join the trend.
The setup could be a great opportunity to ride Algorand’s next wave upward.
The ideal strategy is to wait for a retracement towards the median line before considering long positions. This level often acts as a magnet for price and provides an opportunity to join the trend.
The setup could be a great opportunity to ride Algorand’s next wave upward.
Operación activa
The price has pulled back to the ideal entry around 0.22, right in the buying zone of the Andrews Pitchfork. As long as 0.20 holds, any retracement to this area would be a buy opportunity.Operación cerrada manualmente
The setup didn't play out as expectedThe previous analysis didn't hold. price dropped back down and is now hovering around the entry zone near 0.22
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.