ALGORAND May Grow For MoreALGORAND (ALGO) is breaking an important resistance. If it does break it, it has plenty of room to grow.
ALGOBTC trade ideas
Good entry position for a LONG position on ALGO/BTC (LONG) Reasons for a long at this position:
- Possible HEAD&SHOULDERS
- Favorable RSI trend + RSI <50
- At a key price level that has returned to be support after breaking resistance
Let me know if you've got feedback! Always eager to learn!
Thank you.
ALGO, READY FOR LAUNCH?!We shared this last night with our crew at 2464, here's an overnight update... ideas still valid
(Legend AOI = Area Of Interest)
AOI 1 - 2575 - NOW HIT
AOI 2 - 2734
AOI 3 - 2897
I lose interest at: 2297
I spoke about ALGO last night on our scan and while today it's still laying flat, I just have that...feeling that I get before something is about to pop.
BUT
Until we break and close about that 2582 spot, I'm not taking any positions. WE can see that the next logical step after that would be around the 2897 mark and just shy of that 200ma.
Patience is the name of the game with old mate ALGO
ALGOBTCBroken it's trendline.. Stay away or maybe you can short it (with a lil risk). Or just be calm and let it cross the EMA50 in it's 1D chart.
Cheers!!
Bullish on Algorand. 30% to 100% Run possible.Clear symmetrical triangle forming. Volume is picking up. Bitcoin dominance still dropping and favoring altcoins.
With patience this can pay off big.
If 3000 sat breaks and closes daily candle above we can go further.
Entry: Current MP
TP1: 2940
TP2: 3400
Stoploss: Below 2500. Tight stop since bitcoin is acting like a slut
Bullish on ALGO3 reasons I am bullish on $ALGO
1) Ichi confirms on a daily
2) Wavetrend confirms upside
3) OBV +ve
4) Bullish Divergence on weekly
Let the party begin
#ALGOBTCALGOBTC
We got a cup & handle pattern on ALGO by daily. Much upside is expected if we break through 2630 sats resistance zone and confirm the pattern.
ALGO/BTC LONG POSITION TRADEAlgo has broken and is testing an important dynamic line from above, now it is important to gain a foothold above it. In history it is clearly visible how this line served as support and resistance, I indicated it with green and red arrows .the purchase area will be 23xx-25xx. After confirmation, the goals for us will be 4000 sats and 6300 sats per coin
$ALGO, Bounce from here in order to keep the ~2800/3200 dream$ALGO
Bounce from here in order to keep the ~2800/3200sats dream alive...
#ALGO pic.twitter.com
ALGO/BTC break+retestWe see ALGO/BTC currently retesting the broken trendline, maybe the perfect place to buy it ;)
Enjoy :)
RSI / MACD / STOCJ are READY for jumplooks healthy,
only circulating supply is confusing.
coingecko:803mn
coinmarketcap: 770mn
binance: 2.6bn
risky trade...5% of portfolio.
ALGO Getting Ready For The Next MoveIf resistance can turn to support, probability favors a move to the upside. Volume will confirm.
$ALGO, Trying to cross over ~2500sats resistance level w/ volume$ALGO
Trying to cross over ~2500sats resistance level w/ slightly increasing volume..
UCTS turning green on low timeframes so I have set some alerts in case that a R/S Flip occurs or volume starts flowing
EMA50 could also be a good trendline to watch...
#ALGO
ALGO LONG..BREAKOUT SOONAlgo looking Very NIce at LTF,,,Looks ready for Breakout and a nice move Above.
ALGO at crossroadsALGO/BTC price is entering into the tail end of a wedge. It is still too early to tell what direction the price will go. Looking at the RSI, it is in the 50% zone which shows its neither overbought nor oversold.
There are 2 possible scenarios:
1. The price will either bounce off the support trendline at fibonnaci retracement of .786 and break out of the wedge heading upwards to the resistance zone at 0.00003 btc
2. The price could just break through the support trendline and head downwards towards the major support zone at around 0.00001975btc
It will be interesting to see which direction the price goes...
Algorand Ready For breakoutPrice at top of the ichimoku cloud and also at the 100 EMA on daily if price able to cross the ichimoku cloud than it can go higher
Waiting for the breakout of trend line , ichimoku cloud and 100 EMA to break will buy the retest of this zone.
ALGO/BTCAlgorand looks ready to catch up to the rest of the market. About to touch a major down trend line, and altcoins have been breaking their long term downtrends as of late.
If altcoins keep performing well and bitcoin dominance doesn't go on a rager, then expect Algorand to move soon. If it breaks the trend line and makes lower lows, then it's negative price discovery. My idea as posted, but i'm not an expert! Trade at your own risk.
ALGO/BTC (Bullish Pattern?)ALGO/BTC
-forming a complex IH&S+Cup&Handle pattern
-the trade setup is to buy the break/close above trendline resistance
-target is the recent top or mid resistance area between 3056s-3716s
-key stoploss is below 2333s or potential new higher low
