FOMORON

Next Local Top Analysis

Long
COINBASE:ALGOUSD   Algorand
Based on the last 5 months, measuring from the local bottom to the local top, I've drawn the purple box as a target area for the next three weeks. All 5 of the last month's lines are there in white, to see historically what has happened. The month of July had to smallest and slowest increase, which really addded a lot of body to the target box. The yellow circle is where I expect the next local bottom to be, after a great increase in price, and the inevitable correction afterward.

Algorand is the blockchain that will propel the world into web3, FutureFi, DeFi, or whatever else they're calling it these days. It has been in operation for 2 full years with zero downtime, the only blockchain that can say that (so far).

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.