ALGO/BTC (Up to 81% Profit Target)ALGO/BTC
A big spike in volume and a bullish engulfing candle. All we need is a daily candle close in the next few hours.
This is a clear Higher High and Higher Low and a new market structure.
I'll wait for a healthy pullback to confirm old resistance turned into new support.
Trade setup
Buy area: 3562 Sats - 3280 Sats
Sell target: 3800 Sats - 6000 Sats
Stop loss: 2750 Sats
ALGOBTC trade ideas
Algorand Bullish Breakout Signals Growth Potential | 155%+Algorand (ALGOBTC) is having a strong bullish breakout taking over EMA10 and EMA50 with good strength and volume.
Notice on the chart above the red downtrend lines as well as the EMA lines, all these taken out in one candle... The indicators are also bullish.
We believe ALGOBTC will continue growing.
Here is our previous chart, already at 50%+ of profits:
Thanks again for taking the time to read and for your continued support, it is truly appreciated.
Namaste.
ALGOBTC +35% Possible- ( ALGOBTC ) broke EMA50 (YellowLine).
- Ichimoku cloud has been broken,
- ALGO is trading above the conquered support line 0.0003080.
-MACD & RSI looks good.
Supports with green, targets with blue been located at the chart.
if the daily chart closes inside ichimoku cloud or under EMA 50 the trade might take another way to move and it need another analyze
Algorand - signal by EXCAVOI have been following this coin several months ago, when I saw that the volumes were coming, from that time the coin was moving in a horizontal trend, or I would say in the accumulation zone.
I already made a profit with this coin
Why do I think this coin will grow?
1. Because it is a Proof of stake coin and large coin holders, I think they will not sell it
2. Because the price of a coin fell in price by 93.7%
3. I see the accumulation zone of this coin
4. this coin is on the binance and it is new, and I did not see the pump, it means that it will be;)
This coin is in my top coin list for midle period of time.
Best regards EXCAVO
ALGOBTC BulllishMy colleagues from Kryptotrejder shared an interesting prediction about the ALGO / BTC coin.
ALGO had an impulse movement and created a correction structure. It is currently in our shopping area, from which I expect a reflection upwards. The price level should rise slowly until hit the first target of 4050sats to 4200sats. The last opportunity to buy ALGO coins will be worth between 2730sats to 2650sats. Since this is the last significant support, we need to set Stop Loss to 2599sats. That's all from the perspective of IntraDay trading.
On the 1D chart, I found a potential Bearish Crab Pattern whose D point should be up to 5200sats, which could serve as our Long-Term target. There are several significant Fib. levels in this zone. Therefore it is likely that the graph will attract the price to this zone.
$ALGO,On a uptrend since ATL BTC values with UCTS buy signal on $ALGO
On a uptrend since ATL BTC values with UCTS buy signal on the 1D (15% up already)
Currently, Trying to flip R/S ~3200 sats level..
if succeed, then aiming for ~3800/4200 as targets.
Key to enter as close as possible to invalidation level to mitigate risks...
#ALGO
ALGO/BTC Algo/btc is seemingly seeing a nice bullish continuation after closing two consecutive daily candles above our resistance. We have also detected a bullish moving average convergence approaching, which can very well trigger our next major move up. I have indicated some resistances we believe Algo can test in the short/mid-term; these would be good take-profit zones.
Algorand (ALGO): Evidence of an Mini Alt SeasonAlgorand (ALGO) looks to be joining in. ALGO may rise to 3600. That would be an attack of its "previous fourth." That is Elliot Wave vernacular for the point where a market started its final break lower. These points can act as a magnet as a new bull market begins. We think the fact that ALDO is above its 50-day moving average is another positive sign.
Bottom Line : If you see an alt that is rising sharply on a big day in Bitcoin (BTC), Mr. Market may be telling you that the alt in question is "high quality" alt. Go with momentum in these instruments until proven wrong.