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ALGOBTC

#ALGO/USDT 1DAY UPDATE BY CRYPTOSANDERS Welcome to this quick ALGO/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:- ALGO/USDT PARALLEL CHANNEL brake the green and trandline and buy the retest green zone. PARALLEL CHANNEL green zone. (SPOT CALL) Entry:-$0.4230,$0.4625 Traget:- 30% Stoploss:- $0.3555 Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
Algorand (ALGO) - May 10hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ALGOUSDT 1W Chart) Above 0.6132: It is expected to continue the upward trend from a mid- to long-term point of view. If it falls below 0.5021, there is a possibility of entering the mid- to long-term investment zone, so careful trading is required. Therefore, it is an important observation point to reserve the power to create a new wave by going sideways in the 0.6132-0.9353 section. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Algorand (ALGO) path back out?Accountability? Agh. I know that I should remain neutral on this one for ALGO, just to keep a decent batting average 'round these parts ⚾️ for ol' Algorand. Nevertheless, i am STILL bullish on ALGO. This coin is going to have a gigantic breakout in the next several days/week. It's unfortunate that Algorand is still dictated in large part by big b (BTC) calling the shots with market fluctuation. Things are getting better though. Coins and tokens are developing their own internal economy and ecosystems, with these becoming more and more impervious to BTC's ridiculously orchestrated fluctuations. The more people come on board and begin buying these coins, and creating traffic on the networks... the more these coins ( annnnd tokens, for all you defi peeps out there) --the more they all begin to break away from the grasp of BTC's and ETH's market fluctuations. --my love, Monero (XMR) being a prime example of this, especially at the present. ♠️🤫🐿
Long
by FutureAmericanExpat
Algorand (ALGO) we could see a rise...I'm still feeling bullish on Algorand. Have always felt that it is a vastly underrated coin. The ALGO blockchain is one of, if not the most resilient, secure blockchain in the crypto-verse. It has never been breached, and it the transaction times are faster and cheaper than any other currency I've come across with the exception of maybe some very obscure swappable tokens that I'd rather not mention here. C'mon ALGO! ♠️🤫🐿
Long
by FutureAmericanExpat
Don't forget about Algorand! 🪐🪐Greetings, Today we're looking at ALGO/USD - Algorand is a decentralized blockchain-based network that supports a wide range of applications. Algorand purpose is to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blocks. It's design focus is lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol. If you have a look at the chart, our Long Term Bottom line is drawn in (orange) around 70c region. If we look at this price on the daily or weekly time frame we can see that 70c was once resistance, which has now become support. I look at this price as being a value buy, for Algo to fall below 70c again there would have to be a large crash across the market, which is always possible! Current Price: $0.84 Buy Zone: #1 - $0.70 - $0.76 #2 - $0.76 - $0.84 Targets: #1 - $1.38 #2 - $1.61 #3 - $1.82 #4 - $2.1 #5 - $2.53 On the smaller time frames 1-2 Hrs - we may also have an inverse head and shoulders playing out, which is a bullish pattern! As you can see i've set targets quite high on this one - We won't be trading Algo with any leverage as the market can be volatile in both directions. Cryptocurrency market can be extremely violent, so keep in mind that we're always using our tools and indicators to decide the structure of the market to try and predict the future. Remember, nothing is guaranteed, control the controllables. Mogues
COINBASE:ALGOUSDLong
by mogues
8
ALGO LIKELY MOVE - TO FALL TO $0.61Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ This is a pennant pattern indicating a fall to the lower trendline before a rise to the upper trendline before an upward breakout. If this should play out, I expect a fall to $0.61 before a move to the upside What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Short
by PetrockFxTrading
4
ALGO/BTC (Algorand) Chart Showing Promise on a Logarithmic ScaleBINANCE:ALGOBTC has found support on the 0.5 Fib line and a rising trend line on the logarithmic scale. In this chart, I argue why these two signals are not strong enough and conclude that we should wait longer for a trade setup to emerge. You can follow this chart here . I hope you learn something from this video and if you like it, then please leave a like. If you have questions, then please leave a comment. Thank you.
by TechNerdOmar
1
ALGO shortTotal market: - BTC at daily resistance, bulls losing momentum. Price has broke triangle on 15 min chart to the down side Daily: - Price getting rejected at 20 day EMA & previous structural level 4H: - Had bearish divergence, price could not break resistance level 1H: - Price broke uptrend line, retested and has rejected and making move lower 15 min: (entry) - Price selling off, going to have bb break to the downside Stop loss: 0.8649 - within previous volatility level above VPVR zone Take profit: 0.7336 - at strong liquidity zone on daily * managing trade discretionally
Short
by CMSTrading