ALGO - Bull FlagAlgo is in a contracting triangle and we touched the extreme of the triangle and created a bullflag.
Trade idea:
Entry on breakout with stops below the flag.
Take profit: recent highs of 2.100
Algo
ALGO is ready to move up again.ALGO has been moving sideways lately but now it's ready to go up again.
If you don't know what is ALGO here's some information i copied xD
What Is Algorand (ALGO)?
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token.
$ALGO 1H EMAs crossing + new channel drawnupdate from entry earlier
testing this chart channel
could see upside imo
ALGOUSDT S&R and TrendlinesALGOUSDT current support and resistance areas and trend lines. Looks like it is in uptrend channel on a daily chart.
ALGO LONG - Consolidating before 2.2 retestALGO LONG
Entered in the white box when body of daily candle closed above red dotted line (down trend line) to confirm a possible uptrend
Target is 2.2 (green line which is the previous rejection point before all time highs) but rejected at 2.1 twice.
Where we are now
ALGO showing strong support at 1.7 and is currently consolidating before next run. Need a closed daily candle above 2.0 before we are out of this consolidation zone (purple box)
mrnicegvy
$3.42ALGO is currently trading above the support zone of $1.69. If it can stay above this support zone, we could start seeing a move towards $1.99, $2.26, $2.49, $2.71, $3.02 and $3.42. Failure to hold the support at $1.69 could lead to a drop towards $1.55 and $1.45.
ALGO Looks Ready I don't know if ALGO will hold within this corridor or not, but I do know that ALGO is just getting started and is showing a ton of support signs. Currently, ALGO looks like it's forming a bullish pennant on the daily charts.
#Algorand : The Bull Run of Q4 (3X)Algorand : The Bull Run of Q4 (3X)
Target Price EoY: 4.5-6.5$
Resistance R: 2, 2.56(ATH)
ALGO possible 110% playNice bullish pattern forming, accumulation at 0.5 fib level. Altcoin starting soon.
Looking like a nice swing of 2-3 months
ALGO fake breakoutALGO has given a fake break out signal over the last days, as stated in my previous idea this was a possibility, since markets never gives you what you want straight away.
Plan doesn't change, I'm adjusting the possible timeline for ALGO to remain in it's triangle while BTC will be consolidating.
I would see anything at or under 1.65$ to be a big buy opportunity going into the end of the year.
No panic, let the market do what he wants.
$ALGO Algorand Nice Upside Move! $ALGO Algorand Looking Higher
Little pull back to climb higher. If red lines and the range (yellow lines) breaks the idea failed.
DYOR.
ALGOUSDT Technical Analysis⏳ Spot
💎 ALGOUSDT after breaking above the symmetrical triangle, it has been making HHs and HLs in the ascending channel. After the pullback it has the potential to go higher
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 1.9455 - 1.8600
☕️ TP1 2.1200
🍺 TP2 2.2666
🍻 TP3 2.4700
🍾 TP4 2.7000
🍷 TP5
🍸 TP6
🍹 TP7
🎁 TP8
🚫 SL 1.7700
Good Luck 🎲
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ALGO 4h breaking out teh triangle !In ALGOUSDT 4h
It try to breaking out the triangle .
If the breakout can be confirmation with short upper shadow
*at least higher than level 0.618(1.8739)
SL:1.5997
TP1:2.0935
TP2:2.2498
TP3:2.3131
TP4:2.4487
TP5:2.6683
If you like this analysis, give it a like or share your thought or let me know what crypto TA you want to know.
#buy algo If she can break this green line in the daily time, she can raise the midline of the second channel.
Algo Chart Analysis #ALGOUSDT 4H Chart SIGNAL by CryptolernersBD
♻️ HEY, Guy's. Algo Creating A Triangle Chart Pattern. Now We Need To Wait For Breakout. Algo Currently Above The Previous All Time High. Keep It In Your Watch List. We Will Buy If Price Close Above The Trend Line Resistance & Also Above $1.86. And Our Stop-Loss Will Be 4H Candle Closing Below $1.70.
SO WAIT FOR BREAKOUT....✅
1D Chart...
💡Don't miss the great buy opportunity in ALGOUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.8582).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 2.0632
TP2= @ 2.1543
TP3= @ 2.3266
TP4= @ 2.5572
TP5= @ 2.7000
SL= Break below S2
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💡Don't miss the great buy opportunity in ALGOUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.8582).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 2.0632
TP2= @ 2.1543
TP3= @ 2.3266
TP4= @ 2.5572
TP5= @ 2.7000
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Will Algo reach the ATH?Algorand, created a bullish flag. Looks like is forming a cup. A handle might still form. Will it reach the ATH?
Algorand (Breakout)Algorand is breaking out and testing the $2.00 price target.
Taking a copied bars pattern from October 23rd to October 25th (yellow bars) Algo could see $2.05 to $2.10 by October 27th. Trading is expected to stay within the yellow parallel lines. Large green line is overhead resistance. R.S.I Divergence has broken out of the parallel lines (orange lines). The relative strength index is expected to touch the upper orange lines (at least) with a possible touch on the lower orange line-possibly touching down to the 30% marker before another breakout.
resistance at $1.93 and $2.00.
ALGORAND - Price Could AcceleratePrice has broken out of the wedge as you can see on the chart. This means volatility and velocity. Price could rise faster now.
Support is now technically at 1,78 and next resistance is all the way up to 3,4$
News: Sequoia Games Brings Augmented Reality to Board Games Using Algorand Blockchain
The Catan-style game combines a physical board with NFT-backed characters that can be bought and sold between players on Algorand’s blockchain www.coindesk.com
Sequoia Games has tapped Algorand as the digital ledger behind its new Flex NBA product, a National Basketball Association-licensed board game that uses augmented reality.
The company said Tuesday that Flex NBA is a turn-based board game with similar mechanics to Catan that’s played with a physical board in combination with a mobile app.
the FXPROFESSOR
#ALGO , Time 1DBuy after retest of Trend 1 or after breakout of "1D" candlestick outside the Trendline.
Sell after retest of Trend 2 or after breakout of "1D" candlestick outside the Trendline.
MY NOT SO MINIMALIST ANALYSIS OF ALGORAND$ALGO
10.25.21
1931H +8 SINGAPORE
ALERT: About time for $ALGO to PUSH UPWARDS.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur, while the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and even if you wish to hold longer for a CONSERVATIVE MAXIMUM TARGET AREA OF VALUE (Depending on, if the conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS.
Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, and especially your Fibs, Market Dynamics, and trading psychology.
The above-mentioned is sufficient enough as a major deciding factor for this MINIMALIST CHART.
Note: That This CHART is best used without indicators. (As we all know, they lag.)
ALGO 67% Profit Trade Opportunity (@ TP1)ALGO has built strong support via FIbs and Bull Pennant pattern for a near-term take-off. Enjoy!
