The key is whether it can rise above 0.1409-0.1718

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(ALGOUSDT chart)

The key is whether the price can be maintained above 0.1093 and rise above 0.1718.


(1W chart)

In order to escape from the bottom section, the price must rise above 0.1718 and maintain the price.

However, to escape the true bottom zone, it must rise above 0.4253.

Only then is it expected to turn into an upward trend and rise.


(1D chart)

Therefore, the key is whether the price can be maintained by receiving support around 0.1214 and rising above 0.1409.

If the price maintains by rising above 0.1409, it appears likely that it will rise quickly to around 0.2462.


Otherwise, if it falls below 0.1214 and is resisted, there is a possibility that it may fall to around 0.0954, so you need to think about a response plan.


Since a volume profile section has been formed around 0.3091, it is expected that a sharp rise will occur only when it breaks upward around this area.

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- The big picture

The full-fledged upward trend is expected to begin when the price rises above 29K.

This is the section expected to be touched in the next bull market, 81K-95K.

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** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

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Comment:

If you look at the coins (tokens) that are expanding the coin ecosystem, you can see that they are related to each other.

Regardless of the purpose for which ALGO was created, you can look at the coins (tokens) included in the coin ecosystem.

If you think ALGO is questionable, you can use a different method of profit taking.

1. Change the investment period from short-term to day trading.
2. If you are considering a mid- to long-term investment period, you can use a trading method that increases the number of coins (tokens) corresponding to profits.


Check out the coins (tokens) included in ALGO’s coin ecosystem.

Comment:

In the coin market, the only coin for long-term investment is BTC.
Additionally, I think ETH is worth investing in.

I think BNB deserves to be included here as well.
(However, since it is an exchange coin, the risk is quite high if a serious problem occurs on the exchange, so you must pay attention to this aspect.)

All other coins (tokens) are not suitable for long-term investment.

The reason is that
1. The proportion used in actual business is quite small.
2. Verification of companies issuing coins (tokens) is very weak.
3. Extremely high volatility
For the above reasons, it is very unstable to invest and hold altcoins for long-term investment purposes.

In order to survive in the coin market, coins (tokens) are expanding their relationships.

Therefore, I think that the chances of survival among coins (tokens) that are expanding the coin ecosystem are increasing.

Now, I think it has become difficult for coins (tokens) that try to pioneer new paths on their own to survive.