$ALGO run it back turbo $.295-$.31As I mentioned in my analysis on $SYN, while many alts have already topped, the few that haven't hit their 200DMA, still look like they have room for upside. Algo meets that criteria.
I think we're likely to see a push higher from here targeting the two top resistances at $.295-$.31.
Invalidation would be a break of current support and this move has to play out over the next week.
Let's see if it plays out.
Algo
Algorand: Potential Bullish Bat at 61.8% RetraceAlgorand has just hit the lows pretty hard and is now trading at the Lo-AWR and looks to be exiting the local consolidation trend at the lows soon. At the sametime we have a SMall Local Bullish Bat whos PCZ lands at the 61.8% retrace from the swing low to swing high. This particular Bat here is not the most grounded bat but i think it's worth considering and will be targeting the highend of the range.
THIS IS THE LEVEL TO WATCH IN XRP!The .4068 level continues to be the level to watch. If this level breaks then the theoretical 'flood-gates' could be unleashed upon the rapidly diminishing supply of liquid XRP. If the price declines look for buying opportunities that correspond with your investment strategy and add to your positions accordingly.
A potential bullish path for XLM in the coming weeks.There is a good chance that due to the rapid rise in digital assets like XRP, XLM, ALGO, HBAR ect... in the recent weeks that a pull-back may present some really good buying opportunities to add to the stack before the big...big move that we all know is coming soon.
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HBAR is very close to its ATL. Buying below .04 is a no-brainer.Whether you agree with the tech behind HBAR or not, you have to admit that an entry point here is looking pretty good! ALGO still looks better, but this isn't too bad. It would be very simple to dollar cost average at this level even if the price dropped from this level.
AlgousdtAlgo Formed Falling Wedge In H4 Timeframe( Bulish Reversal Chart Pattern)
Rsi Printed Massive Bulish divergence ( Bulish Divergence In Rsi Is Also Bulish sign)
Now Algo Needs To Break Wedge To The Upside Then We Can Look For Long Entries
Keep In Mind That Algo Will Remain Bearish Till Wedge Upside Breakout
ALGO is looking better than it ever has!This is literally just screaming to be bought. Right now is 1 of only 3 brief periods in ALGO'S history where you could buy at this low of a price. If you buy now then you're buying cheaper than 99% of everyone who's ever bought.
That's called an opportunity, and opportunities like this don't happen very often.
Lead, don't follow!
ALGO USDT (4 hour)Hi guyz
As you can see, we see a divergence
Also, the validly formed upward channel has been broken by the price.
Also, by examining the 1-hour cloud, we see a break of the 1-hour cloud to the upside.
The price in the two-hour chart has also managed to enter the cloud, and there is a possibility of touching the cloud ceiling.
In this case, you can enter into a transaction with less risk, of course, for fluctuation.
The first resistance of this currency is 0.1731, and we expect a partial correction from this area.