So far so good. Breakout to the upside at the beginning of September was a bit unexpected, nicely consolidated back to the projected upwards channel. Accelerated Vesting kicked in on 17th September, as expected - good news is that due to the extended time spent above the max 30day MA, the program is over by 5th October, no more tokens left for distribution under the Early Backers Accelerated Vesting (algorand.foundation/news/accelerated-vesting-complete).
Current outlook: as RSI seems to have bottomed out on the daily on the 19th of October, expected to move up till the beginning of November, with a potential double bottom in the coming days, possibly retesting the $1.5 support area once again (slight chance, strongly depends on if BTC does a major correction to the high 50k range (57k - 59K) in the coming days.
Marked a few important fundamental dates on this update: 2021-10-01 : Community Governance P1 registration opened (registration closed on 2021-10-14, currently 1.88b ALGO tokens committed to be staked in Governance, real-time tracking: algorandstats.com/ ) 2021-11-29 - 2021-11-30 : Decipher (Miami/FL) : algorand.com/decipher : a two-day event with plenty of speakers from the Foundation (including Silvio Micali himself), Algorand Inc. and financial/ecosystem partners including Arrington Capital, Skybridge Capital, Draper Associates, Reach, Bridgetower Capital, Yieldly, Tinyman as well as Mayor Francis Suarez (Mayor of the City of Miami) -- it has been hinted that major announcements will be made during this event 2021-12-31 : End of Period 1 of the Community Governance (rewards will be claimable in January 2022), Start of Period 2 of Community Governance (registration opens 2021-12-15) - likely even more tokens will be committed into Governance with a potential slashing (depends on the outcome of voting in P1 where this topic will be decided upon by the current set of governors)
Fingers crossed we should see a great "AlgoAutumn" and potentially leaving the $1-$2 range behind (forever) soon.
very nice TA 🐺 , i have same idea as you about ALGO :
cryptobro_00111
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@kiu_crypto, checked out, good one. in mine i'm more looking at it as a (currently very undervalued) long-term investment, but your TA is great for setting up some shorter-timeframe trades, until this asset goes insane (in a few years i believe all the current price levels will look just like a flat line unless one zooms in).
kiu_crypto
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@cryptobro_00111 exctly i agree with you🐺🚀 , in the long term all of the current price level will look jusk like a flat line , but in the short term i like to take advantages of the market oppurtunity 🚀🐺 , follow me if you are interested in my ideas🙏🐺🚀