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marcosdaunte
Sep 16, 2021 1:00 PM

Algorand ($2.75-$3.00 Scenario) Long

Algorand / U. S. DollarKraken

Description

Algorand has seen a recent uptrend, and is testing $2.00-$2.15 (the handle of the small cup-and-handle pattern). The next major ceiling for Algo is $2.22. If Algorand is able to break out of the $2.43 price barrier, I would expect an immediate rise to $2.50-2.60...with possible resistance at $2.65-$2.75.

Comment

Algorand is holding steady between $2.00-$1.86 during this market decline. This could be Algo's new "floor."
Price Target $2.40-$2.50 by 09-23-2021
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