Algorand (ALGO) Also Looks Good (75% Mapped) Long

Algorand / BitcoinBinance

Description

⋅ Jan 17, 2021 6:20 PM

The new week might start with a bang for the altcoins as I am seeing many pairs breaking above EMA50 this weekend.

Here is another one, Algorand (ALGOBTC).

Here we can see the 'three white soldiers' candlestick pattern while prices break above EMA50.

We also have a broken downtrend line, a bullish RSI, and MACD.

All these signals are pointing to higher prices.

You can find the next target mapped on the chart.

Thanks a lot for reading.

Namaste.

Comments

Bluechipinvestments

⋅ Jan 18, 2021 5:07 PM

I am very bullish on this coin, the USD chart is a perfect Cup & Handle setup. Paired to BTC as you have outline also is promising, I believe we will see a New HL on BTC and then a tremendous move to 23k, before going to the moon. This is why i feel this ALGO in the short term will have it pump.

Fibo114

⋅ Jan 17, 2021 6:36 PM

Correlate ZRX with ALGOBTC