Algorand
Algorand ALGO-USD Ascending Triangle - Bullish ScenarioPossible scenarios I am looking at:
1. BO of Ascending Triangle
2. Consolidation before the next leg up to ATH
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
ALGO upside targetsALGO has been consolidating range bounded between 1$ to 1.8$ for the last 2 months. Expecting big upside movement if consecutive daily candles close above 1.8$.
Based on the cup pattern and fib expansion from the last impulsive wave it could hit somewhere between 3$ to 7$ if BTC remains bullish.
ALGOBTC Massive Broadening Wedge BottomGo google it, it's so classic and obvious that you can't miss it, Silvio Micali is going to launch it!
ALGOUSD - Breaking above 50D MAForming a mis-shapen cup & handle, two recent big pumps but still trending sideways in a consolidation range. Pretty good entry if you're not in already, looking to re-test recent highs. I like ALGO because of the simple 6% interest w/o lock up, long term this should be banger, adoption presently a bit light but big things expected in the future.
ALGO Looking BullishAlgorand:
It looks like the local bottom is in and we are now looking bullish, assuming market conditions remain bullish.
Trying to break above the 55 day EMA, and holding the 100 day EMA as support. This is a point of confluence, IF Algorand breaks above the 55 EMA, AND the Resistance web + Resitance Pool then we are confirmed Bullish.