ALGOBTC
ALGO/BTC (200D MA Key Support?)ALGO/BTC
-Algorand has been trading above the 200D MA and Key support trendline
-We can see two strong rejection from the key area of support
-If ALGO can hold this level for the next 5-7 days
-It is likely to bounce back up to 3500-4000 range
-Before potentially hitting the downward trendline resistance
-Bulls must hold the 2600 level with the confluence of previous support & resistance
ALGO-Preparing for second Takeoff!
Algo had a huge sell-off, however, has recovered strongly by bouncing at the support area outlined there.
We can expect it to begin another bullish run if it breakout of the outlined red area.
-Megalodon (Rahim)
Enjoy!
Please be safe and diligent, do not take this as guaranteed advice.
HUOBI:ALGOBTC KRAKEN:ALGOEUR KRAKEN:ALGOXBT BINANCE:ALGOUSDT
ALGO/BTC (200D MA Retest?)ALGO/BTC
-Since the retest of 200D MA last July 14
-The price has pump 60% before coming back to the average
-ALGO is currently reacting to the Key support area
-If we can see more rejections from strong support zone
-There is a high chance this will be its temporary bottom
-And eventually, continue higher and break the recent top at 4300 sat
-Aggressive Buyers are ready to enter this market once the signal is triggered
Another 150% Gain? ALGORAND- Wyckoff ACcumulation.Ok, If you have been following along with our educational and private newsletter. You know what this is all about, if you don't yet. I bet there is a lot that can be learned simply from finding other times tokens or assets have accumulated. The best way to learn is to do it your self.
SO what do you think? What does Algorand look like it's going to do?
I would love to hear your thoughts.
ALGO for %70 upALGO tech is on par with Tezos and is in infancy stages. Created by MIT minds. It has drawn down majorly in the bear market and has upside potential as a real player in Defi and STO markets. It has acceptance already with local EU governments and is primed for a major continuation move.
$ALGO, Looking for a retest of the ~4150 sats resistance level$ALGO
Looking for a retest of the ~4150 sats resistance level where it got rejected a few days ago..
UCTS remaining bullish across all timeframes..
If manages to flip that level into support then aim for continuation toward ~4900 or higher targets..
#ALGO
ALGO/BTC (Pullback Ready?)ALGO/BTC
-after some good news about this coin
-the price rallied over 40% high today
-currently, the candle is painting a temporary top
-I have highlighted the chart where potential good pullback entries
-if ALGO will continue higher, watch out this immediate levels
-a break below the 2nd green line will send the price much lower
-target is the swing resistance at 5200 sat
ALGO/USD Detailed AnalyseALGO was listed on Coinbase and it was already listed on CoinbasePro before.
So it has risen above %25 in hours and daily TD sequental chart shows it was rejected to pass $0,35 resistance
it's likely to start falling.
Considering Twitter hack and bad reputation news about Bitcoin and economical crisis and new lockdowns due to Covid -19,
i expect ALGO to fall below $0,3 soon.
Good luck.
Overbought moments on ALGO/BTCHello, traders.
ALGORAND is showing us that the bullish momentum is close to ending. The indicators showing an overbought on the asset, I am not saying that the price will start to dump, but a correction would be healthy or some accumulation to cool the indicators. We are also next to an important resistance level.
The target is at least the moving average of the Bollinger Bands.
Push the like button and follow us on TradingView.
$ALGO, Sitting over ~2500 sats support level w/ volume $ALGO
Still waiting for this asset to get some love from current Alts party...
Sitting over ~2500 sats support level w/ volume showing increasing levels
UCTS showing a buy signal on the daily...
If gets finally traction, then aiming for ~2900/3200 sats
#ALGO
LONG - ALGO - Trading OpportunityALGOBTC has been inside the daily cloud for quite some time now and it's holding quite well, making a perfect retest of the MA200 and support, the huge volume that has been coming in is a pretty strong indicator of what's to come next, looking at the flat tops of the cloud as target.
Entry: 0.00002941
Target 1: 0.00003573
Target 2: 0.00003749
SL: 0.00002769
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ALGO topping it offALGO topping it off with a hidden bullish divergence.
See my previous idea for a further analysis
*Not financial advice
ALGO short term opportunityPlease feel free to comment or challenge me on my TA. If you like my idea, leave a like to show support.
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ALGO FRACTAL
Signs that have given us hope in the past:
- Golden Cross about to form
- RSI has broken above and below 70
- Run up in price, follow by a retracement towards the 50-MA level
Has lead to +15% gains in the past three months. As of today if price were to rise 16% it would beautifully touch the weekly resistance level.
Keep your eyes out, but wait for the retracement to the 50-MA
*No financial advice