Thread by @Pentosh1, $ALGO TA/FA Thread (Visa, European CBCD's)ALGO 1D, 3D, and 1M charts. All [...]

$ALGO TA/FA Thread (Visa, European CBCD's)

ALGO 1D, 3D, and 1M charts. All high time frame

The daily chart we can see an uptrend has started of Higher highs, and higher lows squeezing into the August 20' highs. With yesterday being a close over and triggering long signals

Algo spent roughly 500+ days range bound in what appears to be accumulation but now we can see the volume building into this breakout on the monthly chart.

The 3D chart which closed yesterday closed above the Aug highs signaling a reversal.

In theory this should build a new support here. VPVR as shown on the right side shows that almost all trading has been transacted below the current price. Which means we are above the PoC (point of control)

Buyers are now in full control, and sellers are trapped below. Keep in mind most people who had shorted the august range will look to close as close as possible to the August highs to close out shorts and/or flip long for a swing position.

Crypto is volatile, so there's going to be big swings naturally, but a chart like this should lead to some massive gains. I'm personally targeting $1.40 for my swing and expect it to play out in Februrary. The key is is patience on swings since it's not scalping low time frames

FA Wise

Circle will be using ALGO for USDC, Visa also will be using USDC as stated on January 30th here

https://twitter.com/CoinDesk/status/1355546935764148224?s=20

US Gov will be using USDC from Circle built on Algo.

Algo is 46,000 TPS, 2x the rate of Visa.