Algorand [ALGO] Stellar [XLM] Elrond [EGLD] Price Prediction / Mar. 2

hello everyone.   before moving on to the video we ask you to 
support us and subscribe to our channel please.  Algorand has been trading sideways inside 
a tightening pattern and seems ready for   a massive breakout if bulls can push the 
digital asset above a key resistance level.   The entire cryptocurrency market has 
recovered significantly, favoring the bulls.  On the 4-hour chart, Algorand has 
established an ascending triangle   pattern that seems to favor the bulls amid the 
recent cryptocurrency market recovery. Bulls   need to push ALGO above the 50-SMA level first.
The critical resistance trendline is located at   $1.15. A breakout above this point will quickly 
drive Algorand price towards the 100-SMA at $1.25,   and eventually up to the 
long-term price target of $1.5.  On the other hand, failure to hold the price 
above the 50-SMA would lead Algorand towards   the lower trendline at $1. A breakdown below 
this point has a price target of $0.72.  in the interest of brevity, Algorand 
price is contained inside an ascending   triangle pattern on the 4-hour chart.
The digital asset is up by 15% in the   past 24 hours and bulls aim for more.
ALGO needs to climb above a crucial   resistance level to see a significant breakout.
Stellar Lumens climbed past the $0.39 level on   its way to the $0.42 region of supply, while 
Elrond saw a breakout from a descending channel.   Ethereum Classic rose in value 
but on minimal trading volume.

Since the drop to $0.34 a few days ago, the 
OBV has noted a series of higher lows on   the hourly chart. Even though trading volume 
has been minimal in the past couple of days,   the general trend seems to be that of buyer 
dominance in the market in the short-term. The $0.39 level was one where Stellar was 
just three weeks past- after a 40% drop in   the span of ten days, Stellar was back above this 
level of support. This is a bullish development. There is still a ways to go, as the highlighted 
region at $0.42 represents an area of supply that   the bulls would need to flip to demand.
The 4-hour chart showed the formation   of a descending channel for 
EGLD- and in the past few days,   the price has broken above the channel’s upper 
boundaries and retested is as support as well. The 23.6% retracement level ought to serve 
as support. The MACD climbed above the zero   line and although the momentum was neutral 
at the time of writing, this could change   if significant volume is seen in the market.
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İn this video references an 
opinion and is for information purposes only.   It is not intended to be investment advice. 
Every investment and trading move involves risk,   you should do your own research 
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