💚 Let's go #ALGO!

👉 #Algorand is designed in the same way as Hedera Hashgraph #HBAR with programmatic dilution and very low fees. Great project and chain, and even prices getting parabolic like this mean there probably won't be a lot of opportunities to grab below there values.,, that's why I'm now looking for a new buying entry for those who don't own yet any #ALGO.

👉 #Algorand is the 3rd largest bag of my crypto portfolio, which I had reinforced on last November for $0.18 per token, and that generated more than 800% of earnings to date. My next realistic target will be the $3 level that is just below its $3.28 ATH (06/2019).

#Algolover

🚩#Algorand - Fibonacci Retracement Area.

👉 We will not have had to wait too long to know the way of #ALGO which has just entered the first Fibonacci retracement zone, under the 23.6% level at $1.98

Hi Xavier.
Well, I would wait until its current impulsive wave ended, because at this stage #ALGO seems unpredictable. It can go up to $3 and even making a new ATH, or returning below $2 level with a pullback in the retracement area (Fib 23.6/38.2) followed by overlap on (or below better) the support line from the second impulsive wave (Feb. 2021), which would validating the current uptrend (bullish), instead of a correction (A,B,C) that meant the opposite with a reversal trend (bearish).
I don't know if that can help you, but at least you now know the context.

👉 As predicted, #ALGO made a pullback in the Fibonacci retracement area (23.6/38.2) which is a buying cluster, but we may also see a quick drop until the 50% Fib level (between EMA100 and 200), before starting a new uptrend rally.

👉 This week, I again saw several good News that make me think the #Alrorand bullrun is just at its beginning. 🚀

🚩#Algorand End-of-Year Bullrun? 120%-200% Potential

👉 UPDATE: This is the second #ALGOUSD signal with TA made on Bittrex Chart. The previous #ALGOUSDT signal was shared on 27/09 with TA made on Huobi Chart, and is still in progress (not invalidated as mentioned in my previous note here). Regardless of the #ALGO Chart on Huobi or Bittrex, both price structures are similar to other exchanges charts, including Binance.
So now we have 2 open trade pairing #USD / $USDT on-going. If you Love, you don't Count! 😂

👉 #ALGOUSD Take-Profit Targets:
▫️Buy Entry on 09/11: $2.00++
🔹TP1: $2.54
🔹TP2: $2.90
🔹TP3: $3.50 (ATH)
🔹TP4: $3.98 (Fib 161.8)
🔹TP5: $4.40 +120%
▫️Second Round (2022 or earlier)
🔹TP6: $4.87
🔹TP7: $5.50
🔹TP8: $6.30 (Fib 261.8) +215%

⚡️Whatever (1) if BTC should now drop below the 40K mark, OR (2) if BTC continues to follow Wyckoff's pattern including its price having to retest its latest low (current low) => this should cause a second drop in the whole Alts market, and probably deeper than the current one.

👉 Here are some Alts's main support levels where overlap/pullback could occur, offering attractive buy entry prices to closely monitor:

#ALGO = $1.26
#ATOM = $33
#BNB = $400
#DOT = $22
#EGLD = $165
#FTM = $2.40
#LINK = $20
#LUNA = $63
#MATIC = $1.79
#ONE = $0.23
#ROSE = $0.32
#SAND = $4.40
#SOL = $115
#TRB = $27
#UOS = $1.10
#VET = $0.070

👉 You can set these levels on other Alts, by locating previous solid supports (pivot level, pattern neckline, Fibonacci ratio, etc.).

⚡️#ALGO Market Cap Graph
(Prices are in billions of dollars).

👉🏻 Double Bottom "Adam & Eve" Pattern, with Neckline Breakout in process...