ALGO - Bullish Harmonic - Short Term Long Scalp OpportunityALGO - Bullish Harmonic - Short Term Long Scalp Opportunity
Long targets shown on Chart.
Good luck!
Algousd
Algorand Wyckoff Accumulation Schematic Posting this to see if this will turn out to be true, looks promising, another bullish case for ALGOBTC.
Algo buy itAlgo double bottom in bullish scenario which can give you good profit in no time. I'm riding on it. Do your own analysis and let's ride on Algo pump.
ALGOUSD ❕ low boundary of the channelALGO has fixed above the lower boundary of the channel.
Many indicators show that the asset is oversold.
The price will rebound from the current level.
Algorand (ALGO) - Scam or Gem?Hello, everyone!
There is an increased interest to atlcoin BINANCE:ALGOUSDT last couple of days because it has broken the bottom again. Some traders think that it's scam and we should forget about this token, others think that it's perfect buy level. I have another one opinion.
As you know I expect $10k on Bitcoin, and first of all we should wait for this price to see which altcoins will be alive. Anyway looking at the Elliott waves formation, I can see that ALGO is forming the ending diagonal inside the wave 5. Bear market for this coin is about to end, but I can demonstrate the decrease up to -50% from current prices. To sum up, current price is not a good entry point, but this asset is not obligatory scam, but this probability is higher than pump from current.
Best regards, Ivan
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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.
ALGOUSDT testing Fibonacci supportRight now ALGO is testing the most common Fibonacci retracement level, 61.8%. We want to take buying opportunity at this time as any kind of a pullback would be healthy for this bearish trend.
#ALGO USDT DOUBLE BUTTONI think we should wait for growth in altcoins
Your own risk
Don't forget to like and comment
Algorand at an important junctureMoment of truth for Algorand. Will it close above its recently re-gained trend line this week and this month? Above .30 with some sideways action would be ideal. Because if it does, it will have quite the bull run. If not, it may need to re-visit 14c and that would delay the structure. But so far so good!
Cheers!
$ALGO targets $1.03?SIX:ALGO looks like it's set to move higher from here.
Think we'll break the smaller resistances and head higher to the target of $1.03. Should it close higher than that, there are additional targets.
Algo retest 0,23?Also a chance to retest the zone around 0.23 +-, we will see how BTC will be etc... we are close to the summer lows and in a very volatile place so be careful and always SL
Algo going down (Short)Supports do not seem to be holding the price resumption downward. I expect the next support to be at 4h timeframe entry price area.
NFA
ALGOUSDT great RRAlgo stands at the double Fibonacci support, which implies a potential short-term rally throughout this week. A new lower low will immediately invalidate bullish outlook, but for now things are looking bright for ALGO.
ALGO ready to go down! (Short)After a minor pullback to change of character area, I expect a liquidity grab from the prior high and go down from there.
NFA
ALGO - Road to 2024HTF - We are about to print LL and imo 2023 will start with a Bear Market Rally.
LTF - I dont know, I dont care, I am not good at it. I only SPOT TRADE.
This is my 2nd bear cycle and about to be my 3rd bull cycle,
and if history at least rhymes with the past, then it’s time to accumulate.
Trade Alert(s) - Take ProfitTraders,
Unfortunately, I am too uncertain about how altcoins will respond when Bitcoin pulls back to tolerate this level of risk on the table. So, I have chosen to take profits on two coins coming up into resistance here: ALGO and DOGE. I will re-evaluate a decent re-entry area once I know this resistance is or will be defeated.
Stew
ALGOUSD: Potentially Reversing Bullishly From Multi-Year-LowsAlgorand is currently sitting at 3 Year lows which happen to align with the log scale 78.6% Fibonacci Retrace and has with the assist of some Bullish Divergence, Bounced back above the Descending Trendline.
If we get the ideal performance from this price action, we could see ALGO eventually make its way to 78.6% retrace above at around $1.5 or even higher.
Trade Alert - Long Algo Traders,
Bull Flag here. Bought at .21. Will hold to .26 or the 200 day ma, which ever comes first.
Stew
ALGO Idea for an upward rally...Hi traders...
As you can see in the chart, over the past 2 weeks, price increases has happened in alternating time patterns that include Fibonacci time zones.
The next iteration has the power to push the price towards the daily pivot and I expect to see the price rally in the next 48 hours.
BINANCE:ALGOUSDT COINBASE:ALGOUSD
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
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Algo Breakout has occurred. What am I waiting for?Traders,
Algo has broken the triangle definitively. But I hesitate to enter for several reasons:
1. That 50 day coming down hard
2. Still not above .227 cents level
3. Need at least one confirmation candle on the daily above .227 and preferably above the 50 day ma.
4. Still expect BTC to draw back more.
5. Headed OOO for the next week and a half and I don't want to be tracking trades during this period if I don't have to.
I wouldn't blame anyone who follows me to want to enter here. I am just not. Yet.
Stew
ALGO: The Long Term Bet I Would Love to MakeBy the time of writing, ALGO has already down 95% from its ATH in 2019. Meaning, if we buy now, and it goes back to ATH, we can profit up to 20x our investment. A very good deal, don't you think?
In addition, Algo is now sitting at a multi-year weekly support.
Even if Algo does not manage to reach its ATH, but only to let's say its weekly resistance, the potential profit is already 500%. I really think that this is a very good deal, personally.
For better confirmation, we can wait for these indicator/condition to be fulfilled:
- Break of the white trendline
- Break of 21 EMA
and/or surge in buying volume
Almost Boom Time!Over 2 years to form this bullish descending wedge! I don't know which moon we're aiming for but I don't think it's in this galaxy!
Algorand (ALGO) formed bullish Butterfly for upto 43.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO) with BTC pair.
Our last successful trade of ALGO was as below:
Now on a daily time frame, ALGO has formed a bullish Butterfly move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
