ALGOUSDT TA UPDATEAlgo is ready to breakouot within this week on next
Long Position is mentioned , and the upcoming targets
Best Buy right now & hold for next 1 or 2 months for good profits
Like and comment if you like my idea
Algorand
🌧️ ALGO Breakout From WedgeALGO has been in a descending wedge for a while. Recently, it broke out and consolidated on support outside of the wedge. If the market remains bullish, expect ALGO to move upwards towards the $2 price range (height of the wedge).
ALGO alt Crypto BOOM?ALGO has seen exponential growth since last year.
I have plotted a few key indicators that allow you to understand the potential growth on this cryptocurrency. We have seen clear retracement on Fibonacci levels which could be used as BUY points. The key support and resistance levels could be plotted by drawing a Pitchfork , that clearly identifies these levels. Support and Resistance on the Pitchfork could be used as BUY and SELL points for swing traders, while HODLers could find more buying opportunities at any current price due to their hopes of exponential increase. The yellow bold line is used as a 'Schiff' line that is plotted using the pitchfork , breaking through this line could mean a break in the trend, we clearly see it bounce off this line.
Trade this alt coin in hopes of exponential growth, but beware, like other alt coins, it is not so STABLE.
This is published only for educational purposes
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Thierry
Leave a comment that is helpful or encouraging. Let's master the markets together
A unique ascent await For Algrand If Algrand can break the ascending triangle.
It will have a resistance of 1.45
and after its defeat we expect to climb 42%
The fundamental reason for this situation
may be related to the launch of more than 4m NFT
In this situation, the triangular floor is the best place to buy
Do not forget Mony managment
ALGO should be a priority - Altseason 2021 part 2Market doesnt repeat but it rhymes. We you find such an identical fractal, you can bet the market structure WILL REPEAT.
I was in FET since 0.06$ and its now 0.70$. I get the same feeling from Algo that I had back then.
3.40$ in April in my opinion. 6.70$ in the next 2 months.
Therefore, It shall become my biggest Alt bag. Period.
Targets are on chart.
$ALGO - another to go soon?Good fundamentals
Again huge exapansion late Jan early Feb, massive 40% correction
Into range and formed a bullish break of trendline
Recent sell of due to big bear divs 4H, now cleared
Should be up if BTC doesn't correct again
ALGO looks primed for a bullish Q2ALGO has been showing off the power of the Chaos PRZ (4.669 and 8.77 fibs) as a targeting tool since early 2020.
Having successfully navigated the reload zone in March, this is one we've got a position in for what looks like could be a very strong 2nd quarter for altcoins.
The timing of arrival at the. 8.77, as drawn on the chart is arbitrary. The white circle + ? is just there as an illustration!
A mini-tutorial on the Reload Zone (RLZ) and Chaos PRZ can be found here
Reload Zone
youtu.be
Chaos PRZ
youtu.be
ALGO channel top once againAlgorand looks to be testing the top of an ascending channel (red dashed lines) once again similarly to how it did at the end of March.
A break here could be a great sign for ALGO as it could signal a new ATH , but there is also bearish divergence forming both on the 4-hour chart (blue lines) as well as on the daily chart . If resistance holds here, it could send the price sub-$1.20 if the bottom of the channel gets tested next. Additionally if channel support fails, it could send the price sub $1.
Ultimately any price changes in BTC could easily influence the direction over the next day, so there is much uncertainty here, but also much potential for the trend to change in either direction. ALGO looks to be interesting to keep an eye on either way over the next few hours/days.
next target 1.74Currently ranging in a bullish symmetrical triangle pattern where we found support on the 38.2 fib level.
Next target 1.618 fib extension. $1.74
ALGORAND Crypto! Strong GainsAfter checking some alt coins out, I came across ALGORAND ($ALGO). It is a cryptocurrency that has grown over 760% since its release last year. Fluctuations in the price and a fair amount of volatility give access to bigger gains (in terms of %) in a shorter period of time. It has shown great price increase which is why I decided to slowly get into it.
Let me know what you think, and drop some great alt coins in the comments!
Thierry
ALGO/USDT ALGO-RAN 😂Hey hey my friends 👋🏼
ALGO is a great project and it will be searching for new all time highs soon! Buy the bottom trend line if youre mad! Safe entry is a re-test or upwards breakout
ALGO cup & handle?a nice cup and handle formed for algo. there are 2 other bullish structures formed here.
