Algorand (ALGO) formed bullish Cypher for upto 48% move

Hi dear patrons, hope you are well and welcome to the new update on Algorand (ALGO) coin.

On a 2-day time frame chart, the price action of ALGO has formed a bullish Cypher pattern. There is also 50 simple moving average in the buying zone.


Buy and sell targets:
Buy between: $1.13 to $0.9991

Sell between: $1.23 to $1.48

Stop loss:
The maximum extent of potential reversal zone $0.9991 can be used as stop loss.

Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 48%, and the loss possibility is 12%.


Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.