kevvela

Reiterating Bullish Call on Algo (Algorand)

Long
COINBASE:ALGOUSD   Algorand
Crypto space is starting to go bonkers and with this happening, it's wise to choose the strongest one

In my opinion, it's ALGO or Algorand.

Been watching this crypto for almost a month now and here's what I like about it:

*ALGO corrected and stabilized on the 50 Day MA while ETH and BTC on the 100 DAY MA, a sign of relative strength
*MACD Cross up, MACD +
*Area Pattern: Falling Wedge, a Bullish one
*Histogram soon to be on the positive side - a sign that downward momentum is about to reverse direction
*Area Pattern breakout retest, now acting as support ($1.80 level)
*Volume Contraction Pattern

With all this plus the bullish environment, it's tough to say no to ALGO. Let's go!

For my entry strategy, check link below

Good luck!

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