If you didn’t read the last (ALGO) analysis you had missed a lot of profit been at your hand in case of trading with our prediction, you could go here to see our accuracy analysis >>  Algorand Coin ( ALGO) Analysis >> 20 Jan 2021

The Algorand coin (ALGO) is trading now in a downtrend Direction

(ALGO) is trading at $ 1.3345

As we know the uptrend is followed by a downtrend & vice versa

Our view of the Algorand coin (ALGO) will be going to hit again higher price after the test of the newest support areas with an adequate volume to put the confidence traders balance

Otherwise, keep an eye carefully at the support & resistance areas (mention below) to ride the next wave from the beginning (coming soon) & watch the daily volume to know the right time to ride

In any cases never Forget to Trade wisely as we advise buyers to place a stop loss at the support areas, as breaking these prices leads to another down support area 

As Shown

The Chart Below

Prediction:

Target: Going to hit $ 1.8400

Algorand coin (ALGO), if the price of $ 1.2000 is broken, it may target levels of $ 0.8642

Support & Resistance:

Support: $ 1.2000 - $ 0.8642

Resistance: $ 1.8400

Important:

The result depends on our personal Vision which could be right or wrong

 We analyze the past to predict the future.