AlgorandLong
Algorand mark up phase (Part 2)
This is an addition to the ongoing macro trade idea from the spring phase low.
This whole structure here, looks to me like one long wyckoff accumulation campaign and Adam / Eve double bottom.
This is your sign of strength, and the expectation is to return to the range high, and likely see a partial decline or consolidation once achieved.
If i am correct here, we could expect eventual targets at the 100% measured move of the range, confluent with both the 1.618 extension of the spring correction, and a 4.236 of wave 1 coming up.
This is a weekly chart, this will take time and itll probably be a difficult hold, but if it continues to play out in this fashion, that will be my expectation until proven otherwise.
This whole structure here, looks to me like one long wyckoff accumulation campaign and Adam / Eve double bottom.
This is your sign of strength, and the expectation is to return to the range high, and likely see a partial decline or consolidation once achieved.
If i am correct here, we could expect eventual targets at the 100% measured move of the range, confluent with both the 1.618 extension of the spring correction, and a 4.236 of wave 1 coming up.
This is a weekly chart, this will take time and itll probably be a difficult hold, but if it continues to play out in this fashion, that will be my expectation until proven otherwise.
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