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.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.