Update on Algorand

6 may 2021

Hey Guys, just a quick update on a new idea and price targets. We have a potential cup an handle forming waiting to see if the ascending triangle on the hourly chart breaks out to the $1.8 spot (Only speculation at this point that it will form). If the cup and handle pattern forms the breakout will be at approx. $3.75. Cup and handle formations don't always reach the target spot on, sometimes higher other times lower than target. Overall thoughts are the 5th Elliot wave target will be reached 10 days before the end of financial year as institutions will sell off their crypto (Mostly bitcoin and Ethereum , affecting overall market), to balance out their spreadsheets (makes the company look good for shareholders). I've drawn up 5 targets which I think are possible goals for Algorand. Let me know your thoughts, Thanks