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Algo

ALGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. As per my last video analysis, we were waiting for the bulls to take over from a medium-term perspective by breaking above the inverse head and shoulders neckline. ALGO broke above the neckline and traded higher. Now for the bulls to take over from a long-term perspective, we need a daily candle close above the last high in gray and above 1.0 round number. Meanwhile, until the bulls take over from Daily, the bears can still kick in to form another low. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
16
ALGORAND (ALGO/USDT) : 0,77 Key Tactical Support to watch ALGORAND (ALGO/USDT) : 0,77 Key Tactical Support to watch (3 to 12 Weeks view) Many of you asked me to have a look on Algo, so lets go.. Context The structure of the trading range (2021 - second flat rectangle) is similar at we what we observed on many other L1/L2 Network protocol Token, however the previous wave structure is not totally similar (first ascending rectangle). It is important to notified this details because it help to articulate the two different scenrio around the key Pivot level set at 0,77. In a correlated scenario to ETH or BTC the equivalent structure to be develop is new abc pattern to complet a Y major cycle. With ana equivalent of 1,57 and 3,50 as graphical level of the last ETH analysis - In terme of % th e potential is 3X more than ETH so it is quiet interesting to watch this coin in term of COIN PICKING. However and not the less, the bullish element from graphical and indicators are not yet at the same level from what we are seeing on ETH at the moment , the bullish presignal is not yet strong and that why a break above 1,07 is mandatory to jeopardize any new negative price action (test and break of 0,77) The global picture within a global macro approach is bullish in order to replicate an auto-similar move which could develop a rise to 12 area in log scale in the best case :) Key Level to Watch on daily chart basis 0,77 Overlap + Key Fibonacci level (auto-similar short-term wave structure) 0,87 perfect entry level in setback (if we see it) 1,07 upside conf level = auto-similar move within a bearish structure 1,57 key first taking profit level = 3800 ETH + Overlap Key Element to watch RSI is providing clear pre-signal EMA 21/34 are support but no golden cross EMA89 is Resistance Elliot Wave Structure is showing a potential strong bullish pattern on going (3rd ascending rectangle) Tactical View 3 to 12 Weeks As long as 0,77 remains support, accumulating around 0,87 make sense to anticipate a break above 1,07 and play 1,57 on a shorter run before developing a further upside potential towards 3,50 (Almost 300%) Else A failed below 1,07 could reinforce the bearish scenario confirmed with a break of 0,77 Enjoy my friends
Long
by JeanJean1983
Don't forget about Algorand! 🪐🪐Greetings, Today we're looking at ALGO/USD - Algorand is a decentralized blockchain-based network that supports a wide range of applications. Algorand purpose is to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blocks. It's design focus is lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol. If you have a look at the chart, our Long Term Bottom line is drawn in (orange) around 70c region. If we look at this price on the daily or weekly time frame we can see that 70c was once resistance, which has now become support. I look at this price as being a value buy, for Algo to fall below 70c again there would have to be a large crash across the market, which is always possible! Current Price: $0.84 Buy Zone: #1 - $0.70 - $0.76 #2 - $0.76 - $0.84 Targets: #1 - $1.38 #2 - $1.61 #3 - $1.82 #4 - $2.1 #5 - $2.53 On the smaller time frames 1-2 Hrs - we may also have an inverse head and shoulders playing out, which is a bullish pattern! As you can see i've set targets quite high on this one - We won't be trading Algo with any leverage as the market can be volatile in both directions. Cryptocurrency market can be extremely violent, so keep in mind that we're always using our tools and indicators to decide the structure of the market to try and predict the future. Remember, nothing is guaranteed, control the controllables. Mogues
COINBASE:ALGOUSDLong
by mogues
8
$ALGO Confirmed Long Term SupportTechnicals look healthy - long term support at $0.67 has been confirmed - RSI crossover followed by 7 week EMA turning up will confirm resumption of long-term uptrend Fundamentals are far stronger since the start of the correction - Algorand Governance TVL to be unlocked by AlgoFi and AlgoGard for DeFi - Flurry of DeFi projects launching launching - Algorand liquidity incentive reward programs - AVM-EVM compatibility initiative spear headed by Staci Warden - bridges coming online to connect to liquidity on other chains - AlgoMint, GlitterFinance, C3Protocol, Applied Blockchain's London Bridge with Ethereum - Staci Warden as new Algorand Foundation CEO brings her expertise and network with new focus on Algorand branding - hiring one of the world's leading PR firms to market Algorand - Algorand Ledger issues are being resolved - AVM upgrades throughout the year - state proofs, cross contract calls, TPS boosts - ... and much more, but too much to list all here ... but you get the idea
COINBASE:ALGOUSDLong
by OysterPack
3