Let’s take a look at near & $ALGO (just an example)
$NEAR is obviously a very strong coin that’s currently trading above the 0.0.618 Fib $ALGO is a weak one because it hasn’t broken above the 0.382 Fib (currently trading even below the 0.236)
If you’re holding some ‘weak’ coins, don’t rush to sell them to buy strong coins like $NEAR at the current price. However, holding weak coins might be depressing for quite some time until they start catching up 📈
The highest I can see $ALGO go is 0.786 Fib ($1.40) - 660% profit from here The highest I can see near go is 1.272 ($48) - 480% profit from here
As we can see $ALGO can bring you more profit even though it’s a weak coin and $NEAR is a strong one.
⚠️ This is not a call to go sell Near and buy $ALGO.
I keep holding my near bag and not planning to sell it anytime soon. I think near will be a much better hold at least from the psychological perspective and maybe it tops out first.
Face Melting Altseason 3 is definitely coming! And every day we're getting closer and closer to it I think #TOTAL3 will reach $2.6-3.5T this cycle. Whenever you feel depressed holding your $Alts just remember this chart #ETHETFsApproved #altsesaon #Binance200M #altcycle
Looks like $ALGO is repeating the 2019-2021 cycle:
- Same 500+ Days of Accumulation below the mid like of the Downward Channel; - Same inverse Head & Shoulders pattern (but now much better shaped); - Same Bull Trap (August 2020 - March 2024).
If you like this project or you have some USDT to spare, buying $ALGO here is a good bet to get a 5-7x by mid 2025
I believe $ALGO will test the Neckline next and break out 📈