This is a simple setup for algorand position relative to BTC, ETH and USD
It appears that ALGO is now threatening ETH, as we are hovering dangerously close to upper channel.
With regards to BTC, we are also in the same position.
If Algorand receives any additional catalysts from events, we could see a strong relief rally.
Based on Inverse Prices action in USD, ALGO attempted 4 times to go bellow 30c and could not break through, indicating a very solid demand upon investors, that know the future and fundamentals of Algorand.
Therefore, unless the world is heading into WW3, a new Mega Pandemic, 30c is going to hold and by August we should all be looking at 40c+
I am very interested in the ETH/ALGO as it shows a strong possibilty of ALGO breakout from a long bear channel. It still not going to start a bull, but after that drop it just might..
Fun times ahead regardless,
**LEGENDS**
BLUE = Bear/Resistance || Yellow = Bull/ Support
Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind!
Thank you, and stay strong my fellow CryptoPunks!
Future belongs to the brave, and crypto is the future.
_Ajion
It appears that ALGO is now threatening ETH, as we are hovering dangerously close to upper channel.
With regards to BTC, we are also in the same position.
If Algorand receives any additional catalysts from events, we could see a strong relief rally.
Based on Inverse Prices action in USD, ALGO attempted 4 times to go bellow 30c and could not break through, indicating a very solid demand upon investors, that know the future and fundamentals of Algorand.
Therefore, unless the world is heading into WW3, a new Mega Pandemic, 30c is going to hold and by August we should all be looking at 40c+
I am very interested in the ETH/ALGO as it shows a strong possibilty of ALGO breakout from a long bear channel. It still not going to start a bull, but after that drop it just might..
Fun times ahead regardless,
**LEGENDS**
BLUE = Bear/Resistance || Yellow = Bull/ Support
Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind!
Thank you, and stay strong my fellow CryptoPunks!
Future belongs to the brave, and crypto is the future.
_Ajion
Thank you for your support in my efforts to better understand: financial chart behavior and Fractal Universe.
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
