ALGOUSDT
$ALGO/USDT LONG $ALGO/USDT
Direction: LONG📈
After destroying its previous targets, this killer gem is expected to not only break our previous mid term highs but reach new long term and potentially All-Time Highs🚀🚀
ENTRY: 1.05 - 1.14
OTE: 1.117
TARGETS
Short Term: 1.165 - 1.195 - 1.24 - 1.28 - 1.32
Mid Term: 1.38 - 1.46 - 1.58 - 1.72
ALgorand Algo operates almost independently of the news except technology news
Because of its short lifespan, most of its owners are early buyers who bought only on the basis of the technologies it initially introduced, as a result other news such as summits or listing in exchanges or cooperation with governments for its owners aren't important or at least for them it was Predictable
A Reminiscent narrative to the 2022 historic AltseasonHow many people at the time would have predicted during the war(911)/recession(2008)/pandemic/depression(March2020) years that the 1920s would be one of the most innovative, prosperous periods our world had ever seen?
The 1920s ushered in the automobile, the airplane, the radio, the assembly line, the refrigerator, electric razor, washing machine, jukebox, television and more.
There was a massive stock market boom and explosion of spending by consumers the likes of which was unrivaled at the time. After the immense pressure of the Great War (Cold Wars, Middle East Wars, Civil Unrest), many people simply wanted to have fun and spend money.
I’m not trying to say our current situation is as bad as things were in the 1910s. What happened during that time frame is unthinkable compared to our current predicament.
But it’s encouraging to see what people have battled back from in the past. The fact that people were willing to shrug off such a debilitating period and turn it into one of the most optimistic decades our country has ever seen speaks volumes of our ability to continue moving forward.
Pessimism is a natural feeling when things are bleak but it never lasts.
Algorand is almost ready to flyYesterday is history, tomorrow is a mystery. If this plays out, we can expect to see the start of the long awaited Altcoin Season in September, a first wave peak around October 2nd and a peak of second wave around November 25th.
ALGO 90day outlookThis is looking like a positive bid for coming quarter. purple channel likely to break up and mark higher given how long this has been consolidating with the rest of the market and overal shift to bullish since the 20th of july.
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