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Algo

ALGO USDT (4 hour)Hi guyz As you can see, we see a divergence Also, the validly formed upward channel has been broken by the price. Also, by examining the 1-hour cloud, we see a break of the 1-hour cloud to the upside. The price in the two-hour chart has also managed to enter the cloud, and there is a possibility of touching the cloud ceiling. In this case, you can enter into a transaction with less risk, of course, for fluctuation. The first resistance of this currency is 0.1731, and we expect a partial correction from this area.
Long
by aliasadii
4
Buy yourself some ALGO for ChristmasAlgorand is one of the most sustainable blockchains. Algorand was always my favorite blockchain. And it will always be my favorite coin to invest in. Technical Analysis speaking, ALGO is trading at the bottom, it could go lower, but this is still a very good entry. And also, there are reversal signs with ALGOUSD when you look at the 1H chart. Long term plan is to buy a small among of ALGO here and then buy some more at $0.1 (if we ever get there). And the short-term plan is to go LONG here with a tight stop-loss. Long Scalping Setup: Entry: 0.17x Sl: 0.16 Tp: 0.19
Long
by Chainslab_Analytics
2
ALGO / USDT technical analysis and price prediction (Binance)Hello,  Today I will take a look at the ALGO / USDT pair on Binance in 4h timeframe. Algorand (ALGO) is today trading at $0.21, and we can see that it is in a downtrend (bearish momentum). According to historic price levels, the expected demand zone is at approximately $0.20. The supply zone is sitting around the price of $0.25. I can see that we are inside a descending trading channel and that we are moving in the direction of a historically very strong demand zone around $0.20. If we hit the price of $0.20, then this is an excellent, almost perfect position for opening a BUY/LONG position (still be careful because of the market conditions, we are still in a bear market). If you will enter trade at the price of $0.20, then you can expect the next targets to be for the short term at $0.25 and later at $0.30. In the case of the Cup and Handle trading pattern, I recommend entering at $0.25 after confirmation, otherwise not. I am expecting a bullish movement for ALGO at the price of $0.20, but just for the short term. Don't forget that we are still in a bear market and there are no signs of a major reversal of the trend. Trend is your friend :) If we break the expected demand zone, we can expect the price to continue falling, and the lowest level for ALGO is around $0.14 from March 2020, but I don't believe this scenario will occur. Have a fantastic day and make the most of it. Greetings, BF
Long
by elfabiiani
2
ALGORAND Rising WedgeGot news for you: ALGORAND's not the only altcoin trending in a RW pattern. There are many others. Upper shadows are long and deep above microtrend resistance, volume is relatively low on the upthrusts. Blood is in the forecast, but perhaps not before another bull trap rally. Don't get fooled by the FOMO. Stay safe! Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with exceptionally high win ratios (80-85% average). I've been a fulltime crypto trader/investor since 2017, and I handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Not financial advice. Always DYOR & trade at your own risk.
COINBASE:ALGOUSDShort
by jalapablo
2
Algo Thoughtsmore downside to come needs to test this trend start which is at .14, would accept the test of .17-.16 as tested for now. most likely would see a nice reaction once that gets hit, but not until the crypto turnaround,could see this faltering for the next few months perhas and turning around right around the time of the market as a whole. luckily algo isnt eth so technically its in a differnt class of alt so shouldnt be dragged by it to heavily. good luck out there traders.
COINBASE:ALGOUSDLong
by largepetrol
ALGO - let's make a pumpEverything move price is done on small volumes. So as not to spoiler the buyer. I wonder if the project will have any updates soon or if it's the time of the pump) Accumulation on this trendline(red collor) will open the way to the level of 0.2494. And there and to the impulse of 5% will be able to do it on easy. If you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your
Long
by Artem_Dishel
2