ALGOUSDT
ALGO/USDT, time to make decisionBroke the descending channel
Bat and bat
Wedge and consolidation
In this week, we should have an eye on Algorand and project on it.
Algorand (Breakout)Algorand is breaking out and testing the $2.00 price target.
Taking a copied bars pattern from October 23rd to October 25th (yellow bars) Algo could see $2.05 to $2.10 by October 27th. Trading is expected to stay within the yellow parallel lines. Large green line is overhead resistance. R.S.I Divergence has broken out of the parallel lines (orange lines). The relative strength index is expected to touch the upper orange lines (at least) with a possible touch on the lower orange line-possibly touching down to the 30% marker before another breakout.
resistance at $1.93 and $2.00.
#ALGO , Time 1DBuy after retest of Trend 1 or after breakout of "1D" candlestick outside the Trendline.
Sell after retest of Trend 2 or after breakout of "1D" candlestick outside the Trendline.
algo/usdtalgo break its triangle and can pump soon. its sl is 1.76 usdolar, tp1 is 2.45 and tp3 is 3
Algousdt#Crypto
#Algousdt
Buy Zone 1: 1.5-1.6
Buy Zone 2: 1.2-1.3
Spot
Target: 2- 2.2 - 2.45 - 2.6 - to the moon
₿ ALGOUSDT 1D ₿ : 24.Oct.2021This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask . My personal opinion : Personal review to buy (Buy Recommendation)
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 24.Oct.2021
⚠️(DYOR)
ALGO impulsive move ahead ? ALGO had a strong breakout in early September and has been since in consolidation above the 1.5$ area.
Prices are in compression days after days and could well go for another impulsive move up.
I would wait for the MACD to go green and the upper BB to open before catching up a move as a fake signal could be given.
This on is to be follow, we could anticipate and give a small percentage on a buy in case it pop.
Breakout confirmation in ALGOAs it can be seen in the chart Algo has broken out its great bearish trend line and it has tested it and the major bullish trend line. Now a pull back to an important 4H level can be seen which can be great long position with a suitable risk/reward stand point.
Besides, having a look at its current market cap which is about 11B can be insightful. In other words, changing the flow of money to Algo, it just need 4B to reach all of our targets.
TRIAL AND ERROR: ALGOUSDT*not a financial advice. please do your own research. a powerful catalyst can change a trend.
bullish up to TP1, BEARISH after D.
Algo looking to break outI have been watching Algo for a bit... i been meaning to buy it earlier and earlier...but of course I slept on it and it would be a profitable hold today.
Well this time I will not miss out, I feel like its primed... If my alarm hits I will market by algo in the 1.75ish range and just wait.
ALGO BULLISHALGO is forming a symmetrical triangle, and i think its good idea to entry :)
Note : wait for retest
#DYOR
ALGORAND 4hrBroke the resistance, ready to PUMP.
Algo have been in this triangle pattern for more than a month.
Since btc reached its all time high, it shows how bullish market is.
So we expect algo to pump.
AlgousdtHi . Cup pattern confirmed. Take profit in dipp.we can expect more than 80% profit. However in some cup pattern target goes upper than we accept.
Algorand is close to new ATH: Price discovery phase as Total 2Massive Cup and Handle on Total 2 Marketcap excluding Bitcoin. Algorand is right there. Watch out for Bitcoin dominance around 47%, best time to buy upon rejection from there.
ALGOUSDT Retest EntryHere we can enter a trade when/if the price retests at entry around....
Entry 1.8215
TP 1.8949
SL 1.7847
Not financial advice, do your own analysis aswel.
Good luck
ALGOUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
target: 2.75 - 3
after first target reached move ur stop to breakeven
stop: ~1.75 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
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 your questions or suggestions(Looking for investors!).
ALGOUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
target: 2.75 - 3
after first target reached move ur stop to breakeven
stop: ~1.8 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
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 your questions or suggestions(Looking for investors!).
ALGO GOES DOWN MY FIRST IDEAAlgo is in a huge bearish since September and too many times it tried to break the resistance but it couldn't go so far. Yesterday with BTC ATH it also climbed to huge amount but still it is under our resistance.
For short positions:
Stop: 1.8
Sell: 1.69
ALGO try to break out triangle#ALGOUSDT
$ALGO is trading above 3 major resistances, if daily candle close above $1.7692, it is a bullish sign and will confirm an uptrend. then price head up toward daily resistance zone and I think it will pass $2. target of broken triangle is around $2.3.
