ALGORAND – ALTCOIN CHART ANALYSIS

We also see a similar constellation at Algorand. Here we are also forming at least a hinted Falling Wedge chart pattern. However, the downtrend is still intact.

We are currently trading at around $0.36. We recently managed to fill the wick from mid-May and thus get liquidity in this area. This is very important.

For a bottom formation it is now important that we see increasing trading volume and form an uptrend. For this, the downtrend has to be broken and the 4H-EMA ribbons have to be broken upwards.

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