Algousd
ALGO/BTC (Temporary Top?)ALGO/BTC
-Algorand may have temporarily set the top at 6500
-The potential area of support is somewhere at 4200
-If we can see Bullish signs of reversal in this region
-Placing Buy orders is ideal and target the recent top
-But if the 4200 regions failed, next to watch is 3700
-Be patient, let the trade come to you
ALGO/BTC (200D MA Key Support?)ALGO/BTC
-Algorand has been trading above the 200D MA and Key support trendline
-We can see two strong rejection from the key area of support
-If ALGO can hold this level for the next 5-7 days
-It is likely to bounce back up to 3500-4000 range
-Before potentially hitting the downward trendline resistance
-Bulls must hold the 2600 level with the confluence of previous support & resistance
ALGO/BTC (200D MA Retest?)ALGO/BTC
-Since the retest of 200D MA last July 14
-The price has pump 60% before coming back to the average
-ALGO is currently reacting to the Key support area
-If we can see more rejections from strong support zone
-There is a high chance this will be its temporary bottom
-And eventually, continue higher and break the recent top at 4300 sat
-Aggressive Buyers are ready to enter this market once the signal is triggered
ALGO for %70 upALGO tech is on par with Tezos and is in infancy stages. Created by MIT minds. It has drawn down majorly in the bear market and has upside potential as a real player in Defi and STO markets. It has acceptance already with local EU governments and is primed for a major continuation move.
ALGO/BTC (Pullback Ready?)ALGO/BTC
-after some good news about this coin
-the price rallied over 40% high today
-currently, the candle is painting a temporary top
-I have highlighted the chart where potential good pullback entries
-if ALGO will continue higher, watch out this immediate levels
-a break below the 2nd green line will send the price much lower
-target is the swing resistance at 5200 sat