ALGO (LONG)ALGO seems to reversed from the support zone with descending Sell Power and Divergence in indicator
Algo
Algo in a congesting rangeAfter the high above 2.5 from 13 September, AlgoUsd has started to correct lower and now is trading in a congesting range resembling a symmetrical triangle.
Levels to watch are 1.9 zone, with a break here exposing 2.5 high and 1.68 for a bearish move with a target at 1.25 support
ALGO can Increase soon!Hi every one
ALGORAND / TETHERUS
ALGO has formed a Bullish Flag pattern. This Bullish Pattern Is Gonna Increase the Price soon, But The break out has not happened yet so we must wait or enter with caution. There are also Hidden Bullish Divergences on Both MACD and RSI Indicators. Since The Indicators Show the Future of the Market, We can be more sure about The Incoming Bullish Movement! The Price can Increase as much as the Flag Pole.
Summery:
-ALGO is in a bullish Flag.
-(+HD) on Both MACD and RSI
-The Price can increase as much as the Flag Pole.
-No break out , no confirmations!
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
bullish target of 5usdon the log auto chart a clear channel is observed, along with a fib extention of 3.618 which is at the 5usd price meeting, froming a strong confluence. ATH is 3.41 which will easily break. in addtion a cup and handle is forming. target from the cup and handle is the 2.618 fib level which is at 4usd.
ALGO/BTC bullish breakoutALGO finally broke out of the descending trendline, we are looking for a potential x2 midterm. Patience is a virtue. A retest of the trend might be expected. This will remain positive as long as we don't have any dump on BTC side.
Please do your own research and analysis, this is not a financial advice.
Bullish Stance on ALGO (Algorand)Despite all the China FUD, ALGO or Algorand has held up pretty strong.
Bullish Indicators in favor of ALGO:
Volume Contraction Pattern
MACD Positive (despite the recent crypto sell off)
50 DAY EMA as support
Relative Strength vs the entire crypto market
Stochs at Oversold levels
Strategy:
Buy below $2.00
Cut price $1.40
There might be more upcoming consolidation but ALGO looks really good for the long side
This is my favorite cryptocurrency as of the moment as the market looks to bounce from its recent slump.
Good luck!
Algorand ($ALGO) New FIBAlgorand ($ALGO) in a recent downtrend ended with a HAMMER DOJI today which could signify a bullish reversal candlestick pattern.
ALGO to $1.59 before breaking out?Give then tokennomics of ALGO and how BTC is doing current, we can expect the sell pressures to remain on ALGO
We will continue down the channel to about $1.59 ... in 24 hrs we should know if we are breaking up or down ... but the trade should hold until ~1.59
In case king BTC bounces back, I have 2 TP,
TP1: 50% - $1.64
TP2: 50% - $1.59
Being Sunday, I will keep a close eye on the overall #crypto market as I might sell TP2 a little before or after.
Algo is ready to launch!We remember that ALGO pumped for like 120% and I was ambushed for a pullback and a good entry point. here you are:
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-Wonderful resistance at around 1.71$. you see how man times price reacted to this line!
-We are on fib retracement 50% resistance!
-We had a false breakout and a nice rejection
-On the weekly chart we see strong momentum
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So, we can enter here with a small SL and huge TP like 38%
God bless you and me
algo usdt 4h chartgood support at 1.5 dollar
its critical level and good entry
enter at 2 or 3 step or wait for rejection at 1.5 dollar
ALGO AnalysisHello friends
ALGO looks very interesting. he broke the trendline and now testing it. so it is very possible that ALGO go for the yellow lines!
but be careful cuz its maybe a false breakout and continue his way down to create head and shoulders pattern
This is my though so before any trade do your own analysis
GOOD LUCK!!!
Algorand Cup and Handle!can go much higher up than what I initially expected. Looks to have completed a cup and handle pattern and can do up to 20x from here!
ALGO Algorand upwards momentum with an Inverse H&SWatch news for governments using this blockchain and technology for their own CBDC. Major governments are testing on Algorand now. Wait for a major announcement and this goes up x10 in a matter of days.
This is not trading advice. Good luck, God speed and watch out for flying telephone poles.
Algorand (breakout!)Algorand has been charting a large bull flag pattern, which recently had a pull back and is not breakout upward.
Price Target: $1.50.
related Algorand published idea linked below:
