ALGBTC trade ideas
ALGO - Buy Target: 2550 Sats - Sell Target: 4550 SatsDISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
ALGOBTC rallyThis pair is finally giving us a buy signal. Might benefit from the dumb enviromentalist take.
ALGO/BTC Bullish Trade (mid-term)Algorand is looking great and prime for a strong move up. Recent attempt to breakout and retest failed, but this gives us another good entry position. This trade is a mid-term trade, so no expectations of quick gains.
Two potential TP targets for mid-term.
Algo/btc has yet to see some big moves unlike other altcoins the last couple of months. Patience should pay off.
Entry lvls: 2550, 2250.. average into support.
Support: 2192, 1952
Happy Trading <3
$ALGO, Showing a 1D UCTS Buy signal (needs to close this way) $ALGO
Showing a 1D UCTS Buy signal (needs to close this way)
Volume is getting stronger
~40% toward YTD high ~3800 sats
~140% toward 2020 high ~5400 sats
Wait for it =)
#ALGO
ALL GO RANDPhase D: If we are correct in our analysis, what should follow is the consistent dominance of demand over supply. This is evidenced by a pattern of advances (SOSs) on widening price spreads and increasing volume, as well as reactions (LPSs) on smaller spreads and diminished volumes. During Phase D, the price will move at least to the top of the TR. LPSs in this phase are generally excellent places to initiate or add to profitable long positions.
Algorand bullish triangle breakoutAlgo is on its way to all time highs.
The usd chart is in my opinion irrelevant as it is clearly visible accumulation is going on in sats.
ALGO .00003 by May 12?It will certainly depend a lot on what BTC itself does, but the path does seem clear to .00003, which at current BTC, is ~$1.70 USD. There is some resistance I’m seeing on the ALGOUSD chart it would have to clear.
