ALGO incomingIs anyone else getting involved in ALGO right now. I think its perfect for long and short term investments
ALGOGBP trade ideas
ALGO to the bottomPotential that this is a support level for ALGO.
- Appears oversold on both weekly and daily Stochastic RSI charts.
- bottom of a downward channel
However
- its already broken a previous long term support and the next 'obvious' one is quite far down , the previous All time low. I think if it hit that value I would be calling for that being the bottom.
some external crypto factors
- recent arrests and admission of guilt from FTX execs, I'm trying to think of what positive news would spark a general crypto rally from here?
- Trump releasing NFT's was obviously an unexpected curve ball , but could another large player announce something that would make a difference
- could something Twitter related cause an uptick ?
- the fact there seems to be soo much fear in the market might be an indication there might be an impulse in the opposite direction.
Tough one! so interested to see how 23 plays out
ETH all time - ALTs will follow...On the Daily - Obvious reverse signal here - give it 5 - 10 days and ALGO with be ATH.
Algo pump?In the previous ascending triangle ALGO fell beneath only to then push back through resistance. Could this be the case again in the next few days?
Downward trend predictionAs the chart shows, this is how I think the price of Algorand will roughly play out in the coming weeks. I think it is more likely that the ascending channel will conclude with the downward trend being resumed contrary to popular belief. That being said, there is always a chance the price does go to a new high, but I believe this is less likely to happen. This is just my opinion. Do not base your own trades on it — Make sure to do your own research.
Hei, what do you think of my chart haha, please like for repI will like your post back :) lets get them reputation points up :)
ALGO USD/GBP LONG interesting-Volume increase
-RSI divergence (BIG)
-Reverse head and shoulders
-Watch for key price break through
-Profit at levels shown or how you wish ;)
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