In one of our recent crypto articles we featured Algorand, official partner of FiFa, by asking the question whether Algorand Is A Sleeping Crypto Giant. Given the unusually high interest by readers in that specific blog post, we are following up with another ALGO chart. Although Algorand is not a token that we called out explicitly in our most recent cryptocurrency predictions (like we did with XRP) we can certainly confirm that it deserves a top spot in our top coin list.
As a reminder, we spotted pre-momentum signals on the ALGO chart. We shared this even in the public space when we wrote the article ‘Algorand, sleeping crypto giant?’ mentioned above:
The green shaded areas on the ALGO chart shown above are pre-momentum signals. We have now 3 of them in a period of 2 months. It is happening as ALGO is clearing 3 falling trendlines. The point is clear: momentum is underway.
As seen, every time a green shaded area was printed, the market respected the lows of the 2nd candle of the previous green shaded area. This implies that the momentum signals are highly reliable. It is a way to confirm the bullish setup.
That’s how we read crypto charts, that’s how we are able to spot momentum prior to it happening.
Contrary to common belief, crypto was about to resolve higher. The writing was on the wall, the signals were available on the chart, for those that are open minded to see them.
On Oct 26th, we shared 14 top token tips to our crypto investing research service, Algorand being one of them. All of those tips are substantially higher, ten trading days later. For most of them, we are convinced that our recommended entry prices won’t be hit again. That’s how accurate we want our services to be. This is the alert that is available in the restricted area: “Crypto is ready for a rally.”
If we look at ALGO specifically, the daily chart we observe one important thing: a tiny move higher will bring ALGO in a wide area without resistance.
Stated differently, if ALGO is able to clear 0.50 it should quickly and easily run to 0.77. We expect this to happen in the next 3 months, maybe even sooner.
This setup is wildly bullish. ALGO has a setup that will largely and wildly outperform BTC.
More detailed updates and guidance will be shared in our premium crypto service, not in the public domain, because we want to and have to respect our premium members.