DrDovetail

Algo making another attempt to break the triple bottom neckline

DrDovetail Uppdaterad   
COINBASE:ALGOUSD   Algorand
Not yet fully confident we will close the current candle above the neckline when looking just to the left we can see we’ve already had a few wicks pierce it but no body closes above the grey neckline just yet. Would not surprise me if the current candle will be the one we finally get a candle body close above the neckline on but will leave this neutral now until I have more confirmation to go by. If it follows Ethereum,’s lead here it likely will close some candle bodies above the neckline sooner rather than later. If it does confirm a breakout it looks like we have a target of around 1.60-1.70 *not financial advice*
Kommentera:
As anticipated, ALGO now has a daily candle close above the neckline. Just needs to hold that neckline as solidified support now for confirmation and then if it can dot hat, BOOM! Breakout confirmed.
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Breakout confirmed. Halfway to tarrget.
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Target hit!
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