ALGOUSDT
ALGO Long term analysis ELLIOT WAVES this is a LONG term analysis.
I believe whatever 5 waves up we had is a LEADING DIAGONAL wave 1 of a bigger impulsive wave.
Looking for that wave 2 tripple three correction.
I believe ALGO is a must buy around the box area as It will be a money maker in the next 2 years.
Algorand (ALGO) count me in!Algorand is a token that I have not covered on this platform too much. It's a shame because ALGO is one of my favorites. In terms of the accessibility, speed, and efficiency- ALGO blockchain is top notch. I mean, heck- if you ever want to send cryptocurrencies anywhere for the cheapest possible price... what do you use? -- ALGO
The volume and number of wallets opened/holding ALGO has also steadily increased over the last several months with no real fall off...
♠️🤫🐿
ALGO could make the move up after this trendline break.ALGO daily chart
This chart is still intact and once it gets the
push above the descending trendline, This
chart could really show whos boss...The ALGO
blockchain has been rated top 3 best blockchains
in this industry as well. Lets see what it can do here
in the next 1-8 weeks. RSI is literally Oversold
and on Deck to move up now.
ALGO breaking out on 4hr timeframe?It seems like ALGO has retested the previous supply zone and currently trying to flip it as a support.
Buying ALGO here can be a good move, if it holds here R:R is good.
ALGOUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 1 - 1.15 - ~1.3
after first target reached move ur stop to breakeven
Stop: 0.66 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4.5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
ALGO in Daily Fixing the price above the $ 1.326 range could move the price towards the targets on the chart
Targets around :
1 Fibo at $ 1.1326 - 43%
1.618 Fibo at $ 1.4355 - 82%
2.618 Fibo at $ 2.1063 - 167%
3.618 Fibo at $ 3.0906 - 292%
Algorand ALGO Price Targets and Stop LossALGO/USDT short
Entry Range: $0.85 - 0.91
Take Profit 1: $0.81
Take Profit 2: $0.75
Take Profit 3: $0.67
Stop Loss: $0.06
ALGO strong bottomplease dyor before you trade
you can OP market price now or wait best entry
tp $1
sl $0.6
#algousdtafter long time down trend #ALGOUSDT ready for break out
entries and targets are in pictures
be patient and risk management
ALGO IN ZONEIn the bottom of the zone im happy to long from here and hope i don't get stopped out !
Lets go
Algo USDT ShortAlgo USDT 1D Time Frame looks bearish and it shows Hidden Bearish Divergence, It is POSSIBLE to hit the VWAP Line(0.618 Fib Line) or the 200 EMA(0.382 Fib Line) before going down.
#Algo / #Usdt#Algo / #Usdt / #Spot
Buy zone 1 : 0.9312~0.9289
Targets : 0.984 / 1.07 / 1.072 / 1.22 / 1.257 / 1.32
Stop loss : 0.8778
Don’t risk more than 3% of capital
ALGO.Usd (Y22.P1.E1).Go longHi All,
I missed this #ALGO #Algorand breakout and pullback however I will be looking for another opportunity, likely at the 618 fib level as resistance.
The chart says it all.
All the best,
S.SAri
2022 Algorand comparison to XRP in 2017 based on btc.d & total2The more I look at it, the more my mind denies it and fixates itself into a disbelief stage. Big what if. Staying neutral for now. Best thing you can do is hold spot and avoid leverage at all costs.
ALGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
As per my last video analysis, we were waiting for the bulls to take over from a medium-term perspective by breaking above the inverse head and shoulders neckline.
ALGO broke above the neckline and traded higher. Now for the bulls to take over from a long-term perspective, we need a daily candle close above the last high in gray and above 1.0 round number.
Meanwhile, until the bulls take over from Daily, the bears can still kick in to form another low.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Algorand ; pennant flag patternAlgorand pennant flag pattern formation after since it break out trend line and grew up well.
Currently unlikely for algorand the btc into correction structure and after finish it correct we expected algorand throught cross red line it will grow up to $1.2 _ $1.3 area at first bullish wave
ALGO Reversal Head and Shoulders patternOn 1h TF we can see a revrsal head and shoulder pattern. Would give us a pump this analysis ?
ALGO consolidation above monthly open LONGThe start of alt coin season is upon us.
Algo has little resistance above and looking for a smooth leg up here
ALGO - Breakout comingAlgo has been in a corrective sequence for some time. Still possible we are still correcting 5 waves were counted inside the triangle - a good indication that we may see a breakout
ALGORAND (ALGO/USDT) : 0,77 Key Tactical Support to watch ALGORAND (ALGO/USDT) : 0,77 Key Tactical Support to watch (3 to 12 Weeks view)
Many of you asked me to have a look on Algo, so lets go..
Context
The structure of the trading range (2021 - second flat rectangle) is similar at we what we observed on many other L1/L2 Network protocol Token, however the previous wave structure is not totally similar (first ascending rectangle). It is important to notified this details because it help to articulate the two different scenrio around the key Pivot level set at 0,77.
In a correlated scenario to ETH or BTC the equivalent structure to be develop is new abc pattern to complet a Y major cycle. With ana equivalent of 1,57 and 3,50 as graphical level of the last ETH analysis - In terme of % th e potential is 3X more than ETH so it is quiet interesting to watch this coin in term of COIN PICKING.
However and not the less, the bullish element from graphical and indicators are not yet at the same level from what we are seeing on ETH at the moment , the bullish presignal is not yet strong and that why a break above 1,07 is mandatory to jeopardize any new negative price action (test and break of 0,77)
The global picture within a global macro approach is bullish in order to replicate an auto-similar move which could develop a rise to 12 area in log scale in the best case :)
Key Level to Watch on daily chart basis
0,77 Overlap + Key Fibonacci level (auto-similar short-term wave structure)
0,87 perfect entry level in setback (if we see it)
1,07 upside conf level = auto-similar move within a bearish structure
1,57 key first taking profit level = 3800 ETH + Overlap
Key Element to watch
RSI is providing clear pre-signal
EMA 21/34 are support but no golden cross
EMA89 is Resistance
Elliot Wave Structure is showing a potential strong bullish pattern on going (3rd ascending rectangle)
Tactical View 3 to 12 Weeks
As long as 0,77 remains support, accumulating around 0,87 make sense to anticipate a break above 1,07 and play 1,57 on a shorter run before developing a further upside potential towards 3,50 (Almost 300%)
Else A failed below 1,07 could reinforce the bearish scenario confirmed with a break of 0,77
Enjoy my friends
