ALGO.USDT and BTC (Y20.P3.E2).One of the good ones

22 Ağu 2020

Hi All,

When you look at ALGO amongst many to chose from, it has potential to give back x2 or x3 returns however it requires to pass the pullback test.
> Requirement > If BTC holds current level (unlikely but possible). Lets say it does then Algorand (ALGO), looking at the Weekly chart, must hold of the weekly support of $0.57
With the ALGO/BTC pairing goes below 4224 sats then its likely to continue down but if it holds then ALGO can perform well in the coming weeks.

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Note: At the moment the weekly USDT is bouncing below but holding the daily USDT chart $0.57.

RISK: BTC has dropped but is back above 11500. It needs to hold otherwise the above scenario is invalid.


Please give me a like or tick for this post.


Cheers,
S.Sari

ALGO.BTC close up


ALGO. USDT overview


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