ALGO Long-term trend shows a 40X profit from today price

ALGO crypto-currency is one of the high potential currencies that we have always recommended to buy and maintain at a low price for the long term. In the chart below, you can see that in terms of the weekly time frame, after falling in a regular uptrend channel, the price is growing and rising.

If the Bitcoin market reduces the market to a limit of $ 30,000 to $ 28,000, a one-off reduction will be imposed on the entire cryptocurrency market. Increasing trading volume and price support can see a strong price return from it.

In the return of this chart, 3 resistance ranges have been considered that if the first target is crossed, the previous price ceiling can be used as a target and then the ascending channel ceiling as the second channel, which in the meantime has a significant profit (approximately 4X) For us.

Also, if, according to the supply and demand model, the price of Bitcoin can rise to $ 100,000 or higher this year, we will definitely see a big bang in the price of this cryptocurrency, and it can even Up to its 1.38 Fibonacci level, it will rise in price to $ 33 to $ 35, which will yield nearly 40X the bottom of the channel.

It should be noted that this is not a buy or sell offer and is merely a scenario with the possibility of investigating the occurrence if the other parameters mentioned above are accompanied.

In all your transactions, follow the principles of capital management and risk management with safe investment.