My Algorand Bull Thesis
Bullish RSI Divergence: since June 23rd, about 70 days the RSI has been gaining strength since a mayor sell off, while the price continues to decline. Divergence also showing up on 4hr, 1hr.
In my humble analysis I would argue Algorand is severely oversold at this point.
New All Time Low: Price is currently 0.0971
Major Falling Wedge!
Down about -45% in last 100 days.
Down roughly -96% since start of bear market
200-Day Moving Average 0.17
Before The bear market started Algo was trading around 2 dollars, respectively. If crypto currency markets reach previous all time highs which is likely to happen one day, that's about 2,200% gain.
In my humble analysis I would argue Algorand is severely oversold at this point.
New All Time Low: Price is currently 0.0971
Major Falling Wedge!
Down about -45% in last 100 days.
Down roughly -96% since start of bear market
200-Day Moving Average 0.17
Before The bear market started Algo was trading around 2 dollars, respectively. If crypto currency markets reach previous all time highs which is likely to happen one day, that's about 2,200% gain.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.