Algorand headed down

28 Kas 2021

Based on the previous bull cycle trend of BTC and the last local top trends of ALGO, my prediction is that between Dec 10th and 22nd, ALGO will bottom somewhere between $1 and 1.10 - putting it about 60% down from it's ATH (excluding it's single day peak when it was listed on a new exchange)... I have set a buy order at 1.061 (as a form of insurance in case it doesn't go quite as low as I expect). As of today, there is a massive buy wall at $1.50, but I'm not sure how strong that will hold up if a mass sell-off scenario were to occur.

This is mostly a personal chart, but I'd like to share publically to get feedback from others.