This is a very nice chart. Algorand is solid strong on the weekly timeframe (long-term).
There are two main signals; Long-term growth in the form of a rising channel, higher highs and higher lows. Short-term bullish based on a recovery.
Notice the "magic blue line" I drew on the chart. This is a bottom signal. You can draw an inverted head and shoulder here or a v shaped bottom. This week strong move seals the deal. A massive higher low compared to early August 2024.
Ok. How are you doing today my friend in the law?
I hope you are having a wonderful day.
You see...
Hear me out; listen!
Can you feel me?
Do you understand?
Do you grasp what I am trying to share with you?
Can you see what I am doing?
These are all different representational systems, people use difference senses to understand reality. Some are primarily visual, others auditory, kinesthetic, digital, etc.
So, you are likely the feeling type, then, can you grasp what I am trying to say? Are we on the same wavelength? Does it resonate with you?
Yes? Then Algorand is bullish and going up. Why?
Because the chart says so. Because that is exactly what is doing and that is exactly what it will continue to do long-term.
The main low happened in August 2023 and we have the higher lows without question, a higher high comes next.
For your convenience, I mapped this chart with the main target for this bullish wave. It can go higher.
Namaste.
There are two main signals; Long-term growth in the form of a rising channel, higher highs and higher lows. Short-term bullish based on a recovery.
Notice the "magic blue line" I drew on the chart. This is a bottom signal. You can draw an inverted head and shoulder here or a v shaped bottom. This week strong move seals the deal. A massive higher low compared to early August 2024.
Ok. How are you doing today my friend in the law?
I hope you are having a wonderful day.
You see...
Hear me out; listen!
Can you feel me?
Do you understand?
Do you grasp what I am trying to share with you?
Can you see what I am doing?
These are all different representational systems, people use difference senses to understand reality. Some are primarily visual, others auditory, kinesthetic, digital, etc.
So, you are likely the feeling type, then, can you grasp what I am trying to say? Are we on the same wavelength? Does it resonate with you?
Yes? Then Algorand is bullish and going up. Why?
Because the chart says so. Because that is exactly what is doing and that is exactly what it will continue to do long-term.
The main low happened in August 2023 and we have the higher lows without question, a higher high comes next.
For your convenience, I mapped this chart with the main target for this bullish wave. It can go higher.
Namaste.
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🚨 You need PREMIUM trade-numbers to profit from Cryptocurrencies —Best timing & amazing results! 👉 lamatrades.com (Since 2017)
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
💥💥💥 Early 2025 Results (NEW)
t.me/masteranandatrades/6119
🏆 FREE Trade-Numbers
anandatrades.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.