Another reason to be bullish on ALGO for the long term!We have formed this ascending triangle on the daily logarithmic chart which is a bullish sign for ALGO. We are still in either the 3rd or 5th Leg on the Macro trend for ALGO which is super bullish long term, however due to the recent pullback on the smaller time frame we may see one more dip to the downside completing an ABC correction wave. Support would form near the bottom of the blue channel at the $1.20 mark in my opinion.
Overall Bullish for ALGO, and enjoying the staking rewards of this bumpy ascent.
ALGOUSD trade ideas
THE GOLDEN NFT COIN ALGO CAN BECOME NO 1 NFT COIN - HUGE EXPECTIHello trading friends,
Know that Algo can go above all our expecting targets, we don't just change our profile picture for this coin, there are huge NFT NEWS coming, we did talk also with the team of ALGO, seems great updates on the way. we expect also depending on more things a great increase for the next coming time.
# its possible that ALGO can become the NO 1 Worldwide NFT coin with a great CEO and team.
i expect we can see soon a huge breakout on ALGO for the real moon target.
Our 2.50 target can be only the start
# we expect this are only the dip buys before we will enter to above 2 usd + with whale trend.
Discipline is the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly * this is not an advice
---> Have a great day
ALGO.X: Possible Cup-and-Handle formingAlgo has all we need for a currency. It worth more than a dollar already but should worth 5 times more. There is going to be a little dip in the short term but long term, Algo will worth 5 dollars. Watch for this handle forming within the next month, and then there is the moon.
History doesn't repeat, but it rhymesA little Saturday afternoon Hopium.
The last 2 cycles for Algorand saw 650% and 730% rises, followed by a 70% and 55% fall.
If we take both of these cycles and extrapolate – we're looking at a $6.40 price target near the end of June with a likely correction trough July down to $2.55 after.
Just gotta zoom out sometimes.
ALGO taking offALGO had pushed up into the larger ellipse shown. If the current daily candle closes above that lower boundary, I expect either a parabolic run, or a bounce up the bigger ellipse. Could also see it drop under the bigger ellipse and bounce between it’s lower border and the ellipse drawn below it.