Will ALGORAND'S 'anti Trump' management team kill the project?ALGORAND has some serious potential in regard to its technology and its use case, but it’s well known that the people behind ALGO are publicly—and unfortunately loudly—against Trump and his agenda to 'Make America Great Again' and to make 'America the crypto capital of the world.'
I like ALGORAND's project and technology, but I also think that the management's inability to keep their political opinions to themselves, and instead focus on their business model, could end up working against ALGO over the next four years. I think it’s not only a bad idea to take a public political stance as they have when you have a business to run, but their poor judgment could severely hurt ALGO investors over the course of the current administration. But, let’s hope that isn’t the case.
Good luck, and always use a stop loss!
Algorandusdc
Is an 11X in the cards for ALGO, taking price to $2.00 +?The days of "alt-coin season" are over, and we are now living in the time of Utility Season. Many cryptocurrencies that lack real-world utility simply didn't rally much, if at all, during the "Trump pump." Did you ever ask yourself why? Because the days of speculation are coming to an end, and the new era of utility is quickly becoming the law of crypto.
Ninety-nine percent of cryptocurrencies will not survive what's coming, and if your chosen crypto isn't on the ISO 20022 list, then kiss it goodbye!
ALGO will be one of the few chosen beneficiaries of Utility Token Season and is looking like the charts could indicate a run-up of around 11X to the $2.00+ level in the coming 6 to 9 months.
Good luck, and always use a stop loss!
Expanding Diagonal for ALGOUSDLeading Expanding Diagonal (3-3-3-3-3)
Rules:
Wave 1 shorter than Wave 3
Wave 3 shorter than Wave 5 (sets 7$+ target for Wave 5)
Wave 4 must overlap into Wave 1 territory
Can overshoot or undershoot the top trendline
Additional comments:
Local bottoms seem to be equally spaced according to time cycles;
Stochastic RSI is deeply oversold on all major timeframes (Daily, 3D, Weekly and Monthly)
It might go lower than current price but a major move to the upside should be starting soon
There's also a lot of fundamental bullish news for Algorand in 2022
This chart is for educational purposes only, it's not financial advice