Get started
OptiPulse

Preparing to break out

Long
Algorand (BINANCE:ALGOUSD)  
OptiPulse Updated   
BINANCE:ALGOUSD   Algorand
Trend Analysis Chart Patterns Technical Indicators
3
8
trendanalysis chartpattern indicator
It's hard to tell what pattern Algorand is in right now. To me it looks like a descending triangle as shown.

I think Algorand is about to break out sometime this weekend. Continued falling BTC dominance would support this hypothesis.
Comment:
Looks like rejection at the top side of the triangle. Might need some more time before a full blown breakout.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.