Get started

Algo

ALGO is in a downtrend and oversoldALGO's current price is 0.2070, below the 0.2938 Fibonacci retracement level, indicating that the asset is a downtrend. Additionally, the RSI is at 30.95, below the 50 level, meaning that the asset is oversold. The upper Bollinger band on the daily timeframe is currently at 0.2950, while the lower Bollinger band is at 0.2063, indicating a wide range for potential price movements. The middle Bollinger band, at 0.2506, represents the 20-day moving average and is currently acting as a resistance level for the asset's price. The volume oscillator is at -6.30%, which indicates a decrease in trading volume. The MACD is currently at -0.0104, below the signal line, showing bearish momentum. The stochastic oscillator, at 2.41, is below the oversold level of 20, indicating that the asset is oversold. It's worth noting that the Algorand Foundation has recently issued an action statement on a security exploit, which could impact the asset's price in the short term. Traders and investors should monitor the situation closely to determine if further action is necessary. Overall, ALGO is in a downtrend and oversold, with a wide range of potential price movements. Traders and investors should exercise caution and closely monitor the situation to determine if further action is necessary.
by MonoCoinSignal
3
To turn into an uptrendHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOBTC 1W chart) There is no power of ascension itself. So, after March 13th, we need to see if it can rise above the downtrend line and rise above 0.0000 1448. In order to dissipate the rising power, it must rise above 0.0000 1970 ~ 0.0000 2886. Therefore, it is expected that the price should be maintained above 0.0000 1448 to start gaining momentum. -------------------------------------------------- -- (ALGOUSDT 1D chart) It is showing a move to break out of the mid- to long-term downtrend. However, in order to turn into an uptrend, the price must be maintained above 0.3091-0.3557. If it fails to do so and falls below the downtrend line, be cautious as there is a possibility of renewing lows. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2
$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 BUllish Pennantwe've got ALGO inside a pennant formation and let me tell you, it's getting charged up for another leg up. ALGO just recently retested and broke through its trendline resistance, which was previously acting as support before the breakdown. Now, it's making a strong push to break through this bullish pennant, but you need to be careful with your trades, my friends. This is not the time to get reckless with your investments. And here's the thing, we can't forget about BTC. It's the elephant in the room, and it's the weekend, so you need to keep a close eye on it as well. You know how volatile the crypto market can be, and we can't afford to let our guard down. So, stay sharp, stay vigilant, and make your moves strategically. The name of the game is risk management, and if you do it right, you'll come out on top.
Long
by FortuneAI