ALGO plan for 2023

15 Apr 2023

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We don't need to draw a lot of lines on a charts. Here is weekly timeframe and everything what you should know about Algorand price action for 2023

Possible Targets and explanation idea
➡️Weekly chart. Based on Take profit indicator we traded long time period under fundamental price.
➡️Its a Fib trend extension not a retracement. By this fib from the top we came in exactly to 0.618 lvl
➡️First block its a Monthly gap. Second block its a weekly gap which we most likely come to trade
➡️Take profit line now at 1.13 and exit line over than 0 level 1.27
➡️Most likely we can see at least move to 0.23 level by fib then retest buy line and take profit line before 2024/2025 bull run


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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.

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