Catch The Algorand Before It Catches Fire | ALGO Price prediction 2023

in hive-101145 •  2 years ago  (edited)

Hi, Friends hope you are well and welcome to the new update on ALGO.

Big wedge and a long-term support:
Algo has formed a big falling wedge on a weekly time frame, however, at the moment ALGO has dropped at a very long-term support of $0.16 and this level is working as a support since Sep 2019.

image.png

Oversold on weekly time frame:
Weekly Stochastic is also extremely oversold therefore, if Bitcoin starts small correction move, then ALGO can begin a massive reversal from this support.

image.png

Conclusion:

If some one wanna buy ALGO here then be very careful and keep an eye on $0.16 support, if it will be broken down then ALGO can drop at the support of wedge. More chances are in favor of a massive rally from this support soon.

hive-101145 algo algorand bitcoin cryptocurrency
2 years ago by

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