Algorand (ALGO) Cryptocurrency Price Prediction, Forecast, and Technical Analysis — August 20 2021

https://www.patreon.com/justanalysis

First analysis here for Algorand (ALGO). I’m not a huge fan of this long idea, but it’s a buy stop @ $1.130, PT @ $1.29. Strong resistance with the market profile, the 61.8% Fib Retracement and the top of the Cloud above the Chikou Span acting as resistance. However, above 1.13–1.14 the volume profile thins out to almost nothing indicating a very easy move higher.