Algorand ($ALGO) New FIBAlgorand ($ALGO) BULLS applying some buying pressure yesterday and the start of today's trading candle
Algorand
Algorand (one last dip to $1.88?)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
Algorand (one last dip to $1.88?)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
Algorand (breakout deadline)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
*my other related ideas regarding Algorand are linked below (alternative chart patterns.)
So its back in, its back onLets go. Update to earlier algo analysis. Dropped down to support and made a recovery back to the wedge and above support trend line, shit it lookin good
Algorand descending wedge breakoutScalping off Algorand.
Took my position at $1.90, planning to sell around $2.05-$2.10
ALGO/USDT - LONGLet’s long ALGO!
Stoploss at 175.
Take profits whenever you feel satisfied and at any of the levels based on the chart.
Algorand ($2.75-$3.00 Scenario)Algorand has seen a recent uptrend, and is testing $2.00-$2.15 (the handle of the small cup-and-handle pattern). The next major ceiling for Algo is $2.22. If Algorand is able to break out of the $2.43 price barrier, I would expect an immediate rise to $2.50-$2.60...with possible resistance at $2.65-$2.75.
Algorand ($2.75-$3.00 Scenario)Algorand is testing $2.00-$2.16 with a temporary ceiling at $2.22.
The ceiling could have been caused by multiple or several large sell orders placed at this price marker.
Floor at $1.86 with support at $2.00.
Additional Notes: Algorand's Community Governance goes into effect on October 1st, 2021.
Algorand (Possible Breakout?)Support at $1.93-$1.86...could Algo see a slow rise to $2.75-$3.00 next? The Salt Conference in N.Y has ended, and this could very-well bring heavy volume into the crypto space, with Algo being a key-backbone to the ever-developing ecosystem.
ALGOUSDT Technical Analysis
⏳ Spot
💎 ALGOUSDT has been moving in the ranging channel. It has also formed a descending triangle. I expect that the price soon will break above the triangle and continues to go higher.
🏁 Short Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 2.0000
☕️ TP1 2.4000
🍺 TP2 3.4000
🍻 TP3 ______
🍾 TP4 ______
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 1.8000
Good Luck 🎲
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Massive Bull Flag Formation for ALGOMassive Bull Flag is forming for Algo in the 4h Chart Since 10 days and room is getting tight , expecting bullish movement when we break the triangle.
ALGOUSDTPDisclaimer: All Videos/Information on this channel are for Education purpose only .They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investment decisions.
Update on the algo chart from before: Algo didn't like my takeHit off support at the larger/stronger trendline in the flag/pennant formation, perhaps plays out a bit longer but the weekend still looks to begin a uptrend.
Algo Uptrend on the lines, looking to break by tomorrow nightI believe this will break up and form a mutant cup and handle in both the chart and volume. My dip buy target was 1.60 cents but it did not reach my desired level, still looking for a test of that level, but the bullish bounce means most likely we see uptrend continue this weekend. Good luck. Not financial advice. All lines are hand/eye drawn and not taken from any indicator other than rough eye.
🔥 ALGO Consolidation Before Break OutWe've all seen the huge bullish move that ALGO made last week. Since hitting the $2.50 resistance area, ALGO has failed to break it and is trading sideways, lower bound at $1.90.
I'm expecting ALGO to resume the horizontal price movement in the near future. Huge moves like this usually need some time to cool off.
Hopefully we can resume the trend later this month and get to $3. I'm looking at the $1.90 area for a potential reversal.
Happy trading!
ALGOUSDT Swing Trade Setup!ALGOUSDT (DAY CHART) Technical Analysis Update
Major resistance Breakout
ALGO/USDT currently trading at $2.18
Buy-level: $2.00 - $2.20
TP 1: $2.50
TP 2: $3.00
TP 3: $3.50
TP 4: $4.00
Max Leverage: 1x or Buy it on spot Martket
ALWAYS KEEP STOP LOSS...
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ALGO - Potential Rising Three Methods Candlestick PatternWhat is the Rising Three Methods Pattern?
"Rising three methods" is a bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend.
Read more: www.investopedia.com
As Bitcoin recovers from the previous consolidation rage, I'm convinced that the Rising Three Methods could play out.
ALGO/USDT - Same chart as SolanaHi, I just saw this chart of Algorand and I saw some big similarities with Solana before taking off! I want to see what you guys think, what is your opinion. Would you trade this? Is it a good chance that will follow Solana?
Algorand (possible breakout to $2.75-$3.00)Algorand is currently testing the bottom of the handle? Could we see a move up to $2.75-$3.00 next? The Salt Conference in N.Y has ended, and this could very-well bring heavy volume into the crypto space, with Algo being a key-backbone to the ever-developing ecosystem.
Algorand (possible break to $3.00)The Salt Conference in N.Y is setting up the Crypto Space for heavy volume and adoption. Algorand is holding steady at $2.00, and could see an uptrend within the next 48-72 hours.
Chart Patterns: Algo is forming a nice cup and handle pattern, and could see a drop to $2.00 (which would be the new "floor.) Price target is around $2.75-$3.00 per Algo.
Possible Breakout upwardAlgo is very bullish now with possible breakout to $2.20. Algo is forming a huge rising wedge witch could take it to $2.80-$3.00
