ALGOBTC
ALGO seems programmed to hit 0.5 before new highsDisclaimer: This is not financial advice
High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade!
ALGO is overall bullish, but if this descending triangle is going to be completed then we should see it test the lower trendline of the triangle which would put the price around 0.5. This pretty much sums up my short term outlook of ALGO and is confirmed also by the algobtc chart where price is testing resistance.
Entry: 0.635-065 SL1: 0.65 TP1: 0.51
ALGOs journey towards $1!Altcoins seems to have found their correction and it is possibly time for the next impulse wave. TWA in 1h timeframe is starting to turn and it is likely we will see change of direction from the red support trend line.
Buying opportunity!
ALGO.USDT and BTC (Y20.P3.E2).One of the good onesHi All,
When you look at ALGO amongst many to chose from, it has potential to give back x2 or x3 returns however it requires to pass the pullback test.
> Requirement > If BTC holds current level (unlikely but possible). Lets say it does then Algorand (ALGO), looking at the Weekly chart, must hold of the weekly support of $0.57
With the ALGO/BTC pairing goes below 4224 sats then its likely to continue down but if it holds then ALGO can perform well in the coming weeks.
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Note: At the moment the weekly USDT is bouncing below but holding the daily USDT chart $0.57.
RISK: BTC has dropped but is back above 11500. It needs to hold otherwise the above scenario is invalid.
Please give me a like or tick for this post.
Cheers,
S.Sari
ALGO.BTC close up
ALGO. USDT overview
ALGO.BTC overview
Algo next gem .. Undervalued price for an extraordinary project This project is a game changer!
I will not add prices or targets in this post, I just want to bring to attention this extraordinary project.
Do your own research and see why is such a good investment! In few weeks/months you will regret that you did not buy it. Not to trade it but as investment!
This will be a top 10 coin in the near future on coinmarketcap.
All TA point that we are hanging now on support and trendline . We retraced to 0.5 fib level.. soon we will stay above 1$ price and this prices will look like a bargain.
Cheers!!!
ALGO.BTC (Y20.P3.E1).Bullish mid macro structureHi All,
ALGO has bounced back strong and is likely to break this resistance today or later.
The ghost pattern has been borrowed from the LEND/BTC chart and as such its a bullish formation or similar.
I bought the dip, now its a question of what will it do.
Note: Another Defi that its likely to give big gains.
MY THOUGHTS:
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By now or weight for the pullback to the fib level as per the chart.
From a MACRO perspective, there is layers of resistance however this one is the main one. In many cases when the main resistance breaks the rest is like butter, Eg. BTC with 6K I think last year.
Note BTC dominance is dropping slowly.
The daily shows sideways movement and the 2 day chart shows upward pressure slowly building so my thoughts are that this resistance will be chipped away and hence the pullback to maybe the 0.382 on this chart.
Please give me like or tick for this post.
Regards,
S.Sari
Close up view on the daily
2 day chart
Macro structure overview.
LEND.btc chart
BINANCE:ALGOBTC LONGALGOBTC just had a volume spike combined with a bullish engulfing candle at a Support&Resistance Flip.
Summary
Trend: Strong uptrend
Level: S&R Flip
Candlestick: bullish engulfing candle
Volume: Volume Spike
Orderbook: Depth chart on Binance in favor of buyers
I'm buying at around current market levels and aiming to take partial/full profit at TP1 depending on market conditions.
This is not financial advice, please do your own Due Diligence. I'm just sharing my personal trades.
ALGORAND - going up 50-50ALGO is an impressive project with a bright future ahead. What got my attention was the clear bounce of the support (diagonal). With the current behaviour of the market, this is a tricky one.
ALGOUSDT the bullrun is not finished..Le'ts go to 8.5kAlgo had a nice pump...but we have plenty signals that the run is not finised.
Time to go long @6.3k - 6 k
TP1: 8.5 k
TP2 : open
ALGO/BTC (Temporary Top?)ALGO/BTC
-Algorand may have temporarily set the top at 6500
-The potential area of support is somewhere at 4200
-If we can see Bullish signs of reversal in this region
-Placing Buy orders is ideal and target the recent top
-But if the 4200 regions failed, next to watch is 3700
-Be patient, let the trade come to you
ALGOs moves to $1 Hands down ALGO is one of the best picks to add in portfolio if you don't already have it. As usual DYOR!
Flagpole to 1.618 fib which is around ~$1 which will have some resistance.
ALGO BTC SHORT TIME ANALYSIS (ALGORAND BITCOIN)first resistance 7100, my expectation is 8200.
it is not investment advice. it is my personal work. I wish everyone luck.
Algo about to breakoutCould this be set up any better???
With volume picking up we should break resistance and make our way to 1$
ALGO/BTC still heading to the price I set beforeBefore it take off, first it has to bounce back to it is lowest price as a result of BTC movement.
ATS vs ALGO/USDIn fact, the AlGO is very technical, slowly but surely goes to its goals.
Playing out important levels. Let’s see if it can achieve goals
ALGO/BTC top reached?I am gonna try and call a top here. Volume is exhausted, divergences across multiple timeframes, hard resistance zone above, wave target reached. Let's chill for a bit and get back into it at lower prices. Market cap still low at around 400 mil I think, so loads of potential to double/ triple but going vertical is not good. But props to the quick buck it made.
$ALGO, 50%+ over the last 48hs$ALGO
50%+ over the last 48hs
Currently against ~5800sats resistance w/ increasing volume & 50/200EMA daily golden cross (1st time)
Buying against resistance is not the best approach, wait for a potential pullback (~5k) or a R/S flip around this area w/ target at ~7k sats
#ALGO
