ALGO is set up for what I think is going to be an EXPLOSIVE move to the upside. After the cup & handle breakout I predicted came to pass, and a nice retest of the rim-line, which just occurred, I think we are about to experience an EXPLOSIVE Wave 5 to the upside.
Buckle up!
Good luck, and always use a stop-loss!
... why would bury trash and give it a tombstone? There is nothing worthy to put on the tombstone of trash shitcoin that died!
Algorand is an extremely weak coin.
It was over $2 in 2021 and is barely above $0.20 right now, while most other CHAD ALPHA COINS, such as Solana and Cardano, have multiple X'd from their bear market lows.
Algorand has no development...
Algorand is a decentralized blockchain platform designed to provide a secure, scalable, and decentralized infrastructure for the development and deployment of decentralized applications (dApps) and financial protocols. Founded by Silvio Micali, a Turing Award-winning computer scientist, Algorand aims to address some of the key challenges facing existing blockchain...
Algorand is a solid project. ISO20022 compliant and has strong ties to the global elite.
Its price got completely obliterated when Gary Gensler (SEC) who formerly had exprssed very positive views on the project, attacked it by declaring it a Security in April 2023.
However this is just a shitshow (as the lawsuit against Ripple which the SEC has lost) to...
Algo has broken out of a huge falling wedge and has created a head & shoulders pattern in doing so. Once the neckline breaks, Algo has a lot of resistance ahead.
This one is for the ones with patience!
Let the trade come to you. Don't chase the trade!
Using the Wyckoff schematic attached into the chart I'm watching for any distribution around here. This is for now theory as it's looking very much like it, but we'll see.
Just a cautionary heads up for now......
