FOMORON

Algorand targets

Long
COINBASE:ALGOUSD   Algorand
I took a measured move from each local bottom to local top for the last 4 "pumps" we've seen since the big pump in February. I placed these four lines on our new local bottom to get an idea of what to expect from this next 30 day cycle.

If we are to expect algorand to make a move similar to the last four it has made, we should see a local top between $1.12 and $1.46, and I would say that sub $1.20 is more likely than above it.

NFA.

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.