AlgorandAlgorand Technical analysis basically on elliott waves Principles and Priceaction Strategy
Algo can be grow to 5$
Wait and watch.
Algo
Algorand longAlgorand bounced off the support level. Asset broke through the descending trendline. Bullish movement to resistance level at 0.88 is expected to happen. If the next resistance level will be broken up the Algorand is supposed to reach 0.98.
Algo is supremely BULLISHALGO is ready to start, do not miss this extremely bullish move. Get ready for 300% returns.
ALGO... seeing some love? I'm just throwing this out there because ALGO is a very underrated, and undervalued currency.
<₮0.75 is a good stop in general, and I feel as though 0.75 could finally provide some decent support.
ALGO still offers the least expensive, most-secure option of sending crypto from one place to another.
The ALGO blockchain has never crashed. Ever. I don't think any other chains can say the same thing.
🤷♂️ bullish IMO
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AlgoUsd moonshootAlgoUSDT now is situated into a huge falling wedge which is a bullish pattern.
We need a nice weekly close here to make a beautiful double bottom with a strong bullish divergence between the price and RSI/Stoch indicators
Some weekly targets are :O.7956 $
0.842 $
1.13 $ -Target from wedge
Also the volume is still decreasing which means a huge reversal and volume boost will come
Be prepared for a shot
ALGOUSDT SETUPALGOUSDT:
Price is trying to regain some momentum after going through an accumulation phase. If bulls react and behave aggressively we can expect a good short-term recovery to upside resistance levels.
ALGO Algo is really good for long term
break red line means the correction is completed and ready to hit the targets above
Algorand FIB levels + Targets shorttermI see a bright future for
Algorand being one of the ISO20022 agenda.
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the expectation for a breakout is higher than you think!!hello everyone
ALGOUSDT may have a breakout to the upper channel in 4 hours timeframe; I Hate to repeat myself over and over in every analysis,but volume,trend lines and bitcoins leaving the brokers,show a possible breakout and an uptrend(possibility of breakouts are 40% and possibility of reversals are 20%).
If we breakout of this level of resistance,our next level will be on 0.78$ which is a weak one for now.
ALGORAND ALGO/USDT i see this coin is on Support Zone & Triple Bottom Pattern this coin is Very Bullish Now
ALGO daily is looking to make the move up anytime.ALGO daily chart
This chart is still intact and once it gets the
push above the descending trendline, This
chart could really show whos boss...The ALGO
blockchain has been rated top 3 best blockchains
in this industry as well. Lets see what it can do here
in the next 1-7 weeks. RSI and chart is reading
a Bullish Divergence.
ALGO Rejected on RetestAlgorand has been moving in a descending channel since early February. Rejected at $0.76, ALGO looks to stay in the downward trending channel with a test of $0.68 in the coming days.
We need this test and confirmationWe need this test and confirmation to go up, but be carefull
Disclaimer: this is not a financial advise
ALGOUSD ReversalALGO traded down to its reversal zone. As price action approached the reversal zone, it began correcting to the upside, showing that it is ready for price to continue its uptrend. I expect ALGO to have a bright future as well to trade at higher prices!
ALGO: the falling wedge BREAKOUT! Short review!Algorand (ALGO) is in a big falling wedge. This pattern is more likely to break UP, so we will consider a bullish scenario.
The squeeze under the trend line will be the main trigger for opening long positions. On the lower timeframes a breakout of the local trend line is also an additional bullish signal. Consolidation before a breakdown is necessary, as a major player needs to accumulate ALGO.
Targets:
1. $1,33-1,42
2. $1,73-1,88
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
ALGO - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
ALGO is overall bearish however, it is approaching a strong support zone in green so we will be looking for buy setups on lower timeframes.
DAILY: Right Chart
ALGO is forming a double bottom pattern but it is not ready to go yet.
Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, ALGO can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ALGO LTF Support & Resistance$ALGO dropped into a LTF zone with good trading opportunities over the past 24 hours.
Now, the market is preparing to receive March CPI inflation numbers at 8:30a EST.
Look for short opportunity on breakdown, or a market really after the recent retracement.
CPI impact likely
<8 - bullish response
>8 - bearish response
BTC daily has the DeMArk 9 reading it may have the bottom in?BTC Daily could not hold the Momentum
bullish trendline...But the purple box would be the
consolidation/support box at this level... also
the DeMark 9 Indicator is reading we are at the bottom or very close to it...
Support at $$39,350-$37,481 range...i can update from there. Lets see if BTC can push back
above the $40K and then $42K mark and we could
then see a retracment to the $52k-$57k price.
RSI is Overold and should be moving up.
Algorand (ALGO) count me in!Algorand is a token that I have not covered on this platform too much. It's a shame because ALGO is one of my favorites. In terms of the accessibility, speed, and efficiency- ALGO blockchain is top notch. I mean, heck- if you ever want to send cryptocurrencies anywhere for the cheapest possible price... what do you use? -- ALGO
The volume and number of wallets opened/holding ALGO has also steadily increased over the last several months with no real fall off...
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$ALGO Inverted Cup & HandleBearish pattern forming on $ALGO
Invalidation w/ candle closing above $0.905
Target 1 Zone
$0.85 to $0.86
Target 2 Zone
$0.71 to $0.74
