Algorand / TetherUS
已更新

ALGO descending wedge forming

186
This is a good special case scenario where a price action after this pattern is usually bullish.
If that is the case, I've highlighted the arrow the 0.78 FIB level, which is close to $0.5. If price rises, i'm expecting a resistance there.
However, if we continue even lower, i've highlighted a potential dashed line, which shows the path upon breaking from this wedge.
Currently, it's not a time for a long position - but observation and patience.
注释
Breakout confirmed!

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。