🔥 ALGO All Targets Reached: What's next?

9 сент. 2021 г.

Yesterday I made an analysis on ALGO. I wrote that I expected ALGO to become one of the new market leaders. I expected some kind of minor consolidation period between 1.85 and 1.60, but the market thought otherwise. It doesn't often happen that we're seeing a massive vertical move like this! For those who got in, congratulations.

As mentioned, ALGO has blasted through the $2.20 target and has hit $2.50 on some exchanges. But what now?

First of all, the area between $2.20 and $2.50 is now functioning as a support area, we could see some consolidation here.

The 1.618 Fibonacci extension has yet to be reached, located at $2.60. This is the major first target. Next target is $3, which coincides with the 2.00 Fibonacci Extension.

Let's see what ALGO is can bring. Happy trading!