ALGORAND, one of my top pick, it's clearly going to retest 0.13 level. From there i expect a powerful bull run till 0.25 usd, around 2x from the entry. Good spot and leverage opportunity
We are often asked to publish an idea for ALGOUSDT, you asked - we did.
We look at the chart and see that the ALGO price is still in a downward trend.
The only good news is that as of right now, ALGOUSD hasn't updated its lows in a month.
Now the ALGOUSDT price has moved into consolidation, so we can hope that the stage of accumulating long positions has...
Algorand - A long term opportunity?
- Oversold RSI on both BTC and USD pair
- Clear bounces off lower channels
- 96%+ correction to date on USD pair and 93%
correction on BTC pair
A long term 18 - 24 month position could be considered here, I'm not recommending it but the chart looks like its getting exhaustive. I'm stacking sats but might try for a small...
This is literally just screaming to be bought. Right now is 1 of only 3 brief periods in ALGO'S history where you could buy at this low of a price. If you buy now then you're buying cheaper than 99% of everyone who's ever bought.
That's called an opportunity, and opportunities like this don't happen very often.
Lead, don't follow!
BINANCE:ALGOUSDT
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Thank you.
Possible Targets
➡️We tested 0.38 Fib global chart since 2019. (1.39$)
➡️I mention how much % Algo made last 2 times when we touch bottom on 1D on RSI
➡️According by cup and handle...
I have drawn up some Fib circle describing a bullish move to a spot that has been a previous trend rejection point (red ovals)
Price comparison points can be drawn between the green ovals
Major trendline in bold white line
The Cup and Handle pattern is an addition that supports the bull idea
After weeks of consolidation and a confirmation of
a breakout on the top trend line in a symmetrical
triangle... Along with upwards momentum shown
below on the MACD I believe the next week will be
very bullish for $ALGO. Even a retest of 2.50$ ATH
price level is within reason.
Additionally "Governance" on Algorand's blockchain
currently has 1.88 billion $ALGO...
I had to leave Shib out for obvious reasons.
Doge coins have absolutely excelled this cycle. Should the bullrun end sooner than expected, Algorand would develop a really bad reputation and a stigma that could be hard to change jeopardizing any future potential growth it may have in the community. Ripple made that mistake by overselling its tokens so severely and...
The last time we analyzed the Algousdt pair was back in February, but if you look at its performance and read the description...
you'll see quite a precise realization of the idea.
Today let's refresh our thoughts a little, after all, it's been half a year)
In recent days, the Algousd chart has recorded abnormally high trading volumes. Importantly, these...
One more concurent of Polkadot, Solana and Luna.
What Is Algorand (ALGO)?
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable...
This is the 1 hr chart & as you see here we are coming off a nice Bull run since the 22nd. Using the Fib Retracement tool, it indicates we may see some big movement coming. Typically what happens once you hit the .618 line it's followed by a nice Bullish push in this case upwards of .90+ as we move through Friday morning.
We are also in a wedge pattern as we have...
