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Algorandlong

ALGO dropped a key supportHi, Friends hope you are well and welcome to the new update on ALGO. Big wedge and a long-term support: Algo has formed a big falling wedge on a weekly time frame, however, at the moment ALGO has dropped at a very long-term support of $0.16 and this level is working as a support since Sep 2019. Oversold on weekly time frame: Weekly Stochastic is also extremely oversold therefore, if Bitcoin starts small correction move, then ALGO can begin a massive reversal from this support. Conclusion: If some one wanna buy ALGO here then be very careful and keep an eye on $0.16 support, if it will be broken down then ALGO can drop at the support of wedge. More chances are in favor of a massive rally from this support soon.
Long
by moon333
2
ALGO plan for 2023✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. We don't need to draw a lot of lines on a charts. Here is weekly timeframe and everything what you should know about Algorand price action for 2023 Possible Targets and explanation idea ➡️Weekly chart. Based on Take profit indicator we traded long time period under fundamental price. ➡️Its a Fib trend extension not a retracement. By this fib from the top we came in exactly to 0.618 lvl ➡️First block its a Monthly gap. Second block its a weekly gap which we most likely come to trade ➡️Take profit line now at 1.13 and exit line over than 0 level 1.27 ➡️Most likely we can see at least move to 0.23 level by fib then retest buy line and take profit line before 2024/2025 bull run Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
ALGOETH - Gains Approaching after small FakeoutAfter a pretty decent 30% profit from the last Short trade we've now got ourselves what looks like a profitable Long trade too! We've had a small fakeout on the bottom edge of this descending channel but the price was quickly restored to within range and now looks to be heading to the upper boundaries! We should be able to bag at least 10% on this trade, all the way up to around 30% if you're feeling brave, keep your trailing stops up to date with this one! If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
Long
by theCrypster