ALGOBTC
$ALGO, Pushing against ~3100 sats resistance level..$ALGO
Pushing against ~3100 sats resistance level with increasing volume..
If manages to break/flip this level (that match EMA50/yellow trendline), then aiming for ~3600/4350 sats as targets..
UCTS Starting to turn green on lower TFs (nothing above 8H)
#ALGO
LONG - ALGOBTC- Trading OpportunityWe have here a double bullish divergence with a big volume spike to back it up. As the stop loss is a little bit further away than usual, we will be using a smaller position size.
Entry: 0.00002280
TP 1: 0.00002471
TP 2: 0.00002720
TP 3: 0.00002986
SL: 0.00002087
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ALGOBTC Bullish Divergence."In the name of Allah, the Most Gracious, the Most Merciful"
ALGOBTC Bullish Divergence.
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan
Algo 4H breakout - Now consolidation to distribute ordersAlgo broke its trend heading down on the 4H..nothing significant which tells me we are still heading down in price.
Buyers can't get a grip yet and that is def. due to the buying power of BTC right now. Investors are tossing thousands of bucks into BTC at the moment. Alts tend to have effect with this in both positive and negative manners depending on how an individual tackles their asset. If they're spot trading or futures trading?
While price gets pushed around here in the coming days Algo will too.. I expect some kind of consolidation zone here at these levels to prepare for an impulsive move up heading into next year. The technology is way behind compared to assets such as ADA or XRP. Which means we have time to load up at the prices we can afford as day traders or long term traders.
The real question is...how long can you follow your investments fundamental growth without looking at the price everyday???
;) Stay safe everyone..and always do your research on your investment. Dive deep.
ALGO Revisited (ALGOBTC)Scaling into ALGO in 540 area here for a bit of a knife catch attempt as we approach the start of our daily uptrend at 531. Watching for a bounce and hopefully a break of the downtrend from the recent move up. Be sure to set stop losses, if this one breaks down could be new ATLs.
Entry: 530~540
Stop: Below 512
Target:
592
675
817
BTC Tips: 3KKD7YKR7x9c4AZJJ56XJA8F3hp7hWSpTX
RVN Tips: RPtFfvxZAdBwNdQpG1jMwEnxhviCwkkcoJ
$ALGO, Reaching support at ~5800 sats... Opportunity ahead$ALGO
Reaching support at ~5800 sats with volume starting to flow in to replicate same pattern we saw on prior iterations of this coin
RSI & MACD starting to turn
Crossing the descending trendline is the confirmation missing..
As targets 7k sats (20%)
R:R Looks good
#ALGO
ALGOBTC completing last leg of shark a good long opportunityPriceline of Algorand (ALGO) / Bitcoin is completing the final leg of shark.
I have defined the targets using Fibonacci sequence as below:
Buy between: 0.0000609 to 0.0000593
Sell between: 0.0000634 to 0.0000657
Regard,
Atif Akbar (moon333)