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ALGOBTC trade ideas

$ALGO/#BTC [#Algorand]: BBand_Breakout ◳◱ Hey traders, we've identified a Bollinger Band breakout on the $ALGO / $BTC chart. The price has moved outside of the upper Bollinger Band, which can indicate a potential bullish trend. The next resistance key levels are at 0.00001206 | 0.00001266 | 0.00001393 and the major support zones are respectively at 0.00001079 | 0.00001012 | 0.00000885. We may consider buying at the current price zone 0.00001154 and targetting higher levels. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001154 ₿ ▣ 24HVol: 54.442 ₿ ▣ 24hChng: 0.874% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00001206 | 0.00001266 | 0.00001393 ◢ Support: 0.00001079 | 0.00001012 | 0.00000885 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.53 - Bullish ▣ Reddit sentiment score is 0.38 - Bearish ▣ In-depth ALGOBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
$ALGO/#BTC [#Algorand]: BBand_Breakout Hey traders, we've identified a Bollinger Band breakout on the $ALGO / $BTC chart. The price has moved outside of the upper Bollinger Band, which can indicate a potential bullish trend. The next resistance key levels are at 0.00001192 | 0.00001262 | 0.00001425 and the major support zones are respectively at 0.00001029 | 0.00000936 | 0.00000773. We may consider buying at the current price zone 0.0000119 and targetting higher levels. Technical Metrics : Current price: 0.0000119 24H Volume: 36.9450 Ƀ 24H Price change: 5.872% - Pivot Points - Levels : Resistance: 0.00001192 | 0.00001262 | 0.00001425 Support: 0.00001029 | 0.00000936 | 0.00000773 Indicators recommandation : Oscillators: NEUTRAL Moving Averages: STRONG_BUY Technical Indicators Summary : BUY - In-depth ALGOBTC technical analysis on > Tradingview TA page
by Crypto2AF
$ALGO/#BTC [#Algorand]: ResistanceBreakout+ConfirmationWe've detected a Resistance Breakout and Confirmation on the $ALGO/$BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.00001157 | 0.00001213 | 0.00001337 and the major support zones are respectively at 0.00001033 | 0.00000965 | 0.00000841. We may consider entering a trade at the current price zone at 0.00001104 and targetting higher level. - Technical Metrics Index: -- Current price: 0.00001104 -- 24H Volume: 48.4664 BTC -- 24H Price change: 7.498% - Pivot Points - Levels: -- Resistance: 0.00001157 | 0.00001213 | 0.00001337 -- Support:0.00001033 | 0.00000965 | 0.00000841 - Indicators recommandations: -- Oscillators: BUY -- Moving Averages: STRONG_BUY --Summary: BUY
by Crypto2AF
Kingston Wall - Could It Be So?Something strange is down there But we don't know where It's been lying in peace Waiting for it's release But that moment will come Long after we are gone Like it did long ago Before we were born Could it be so that We have been here before Could it be so that This all happened before Ol' man Jacques found that road In the bottom of the sea Indians wrote 'bout the bombs That you just have to see And the huge rocks in Giza It seemed like they moved And the pictures in desert I wonder who drew ... Ancient wisemen knew things That we can hardly dream about Builded statues and temples That can't be pulled down Now we seek for that wisdom From too far away Wonder 'round with our eyes blind And think we are there
by RedMegaMan
Opportunity brewing, but bearish break expectedKeeping an eye on ALGO/BTC. It doesn't look pretty, but there may be an opportunity developing in the next week or so. We're currently testing the Support of a large Descending Triangle. Descending Triangles are bearish and so a break down (at some point) is expected. Combined with the recent bearish momentum and overhead resistance, I'm inclined to think the break will happen sooner rather than later. However, there are some bullish signs that keep ALGO on my radar: We're seeing bullish divergence on the Daily chart and we're entering into another buy zone. A small buy here could be a high-risk, high-reward option for the adventurous--if support holds we could see a retest of the top of the Descending Triangle. However, I'm on the sidelines waiting for a more secure entry. Patience is the least sexy of the superpowers. ---------------------------------------------------------------- These are my personal views and not financial advice. Please do your own research before investing. I'd love to hear your thoughts, ideas and feedback. Feel free to Comment and I'll try and get back to you quickly. If you appreciated this analysis, consider Liking or Following . Thanks!
by mercury_rising
4
ALGO/BTC (Algorand) Chart Showing Promise on a Logarithmic ScaleBINANCE:ALGOBTC has found support on the 0.5 Fib line and a rising trend line on the logarithmic scale. In this chart, I argue why these two signals are not strong enough and conclude that we should wait longer for a trade setup to emerge. You can follow this chart here . I hope you learn something from this video and if you like it, then please leave a like. If you have questions, then please leave a comment. Thank you.
by TechNerdOmar
1