Hello fam, I'm back with another perspective about Algorand with ALGO symbol. Comparing other altcoins, Algorand team works on real world solutions and recently partnered with UNDP to lunch Algorand Blockchain Academy. But from candles world perspective we can clearly detect range formed and lows been swept away. This means we will have our eyes for range high to be tapped in coming weeks. This idea aims for 2.5$. Besides there was a falling wedge that been broken recently. Falling wedges are reliable strong bullish patterns and most of times they deliver what we expect. as usual fib.0.5 to 0.618 is were we expect to see this wave end. This will be around 1.6$ . This is 8X from current price but as you already know there are many risks in Crypto market and you need to closely do your own research before taking any financial decision or trade. Read my analysis about TOTAL, TOTAL2 and TOTAL3 for better understanding.
Further analysis required in case 1.6$ broken in weekly
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