ALGO (Algorand) - Falling wedge into possible double bottom As charted, ALGO has formed a falling wedge on daily and retesting lower demand.
If BTC rally continues will see a breakout soon with Profit targets marked
Algo
ALGO in the Buy ZoneALGO is a solid buy at this level, buy all the way down to 1.14 if it gets there. This thing can rocket. Recommend HODling and adding if it return to support.
Potential Bullish Divergence Algo chart looks very similar to the ADA chart before it went on a nice little run. We have formed lower lows in price but we have higher lows on the RSI. 1.25 would be around a good entry point.
AMC - Squeeze Scenario (Cycles, Patterns, Crash)(Not Financial Advice) Posting this scenario, constructed using the current (62 day Cycle) I have been tracking, as well as comparing them to both Doge's and Lucid's Cycle. This scenario also takes into account the possibility of a market crash event. The market is a bit shaky and there is a lot of uncertainty, if we see pressure start to drop the index's around April then a potential cup and handle pattern would be likely to play out, a ripple effect with overleveraged shorts on AMC, would be the ultimate catalyst imo.
ADA weekly chart has a great opportunity.ALGO weekly chart...looking really bullish and
staying within the bullish channel. the DeMark 9
Indicator is reading we have h9it bottom and ready to move up.
if it bust major resistance, we can see all time
highs and going toward my price targets. RSI
is also looking bullish
ALGO/USDTALGO/USDT is one of my favorite fast recovery coins that could benefit you a lot in future months. Though based on the current chart analysis, I observed side-by-side movement in ALGO, as ALGO is following BTC in a respectful manner. Side-by-side movement is good for market health. Though if someone wants to take entry in ALGO so they can start doing DCA (Dollar Cost Average) to $1.45
Note. Do your own research too. My analysis are based on Indictors and Market sentiments. (Keeping market volatility in mind)
ALGOUSDTIf everybody sees it, what it will happen? The 4h timeframe starting its valle on the SQZ MOM, with the ADX giving it strenght, it was straight forward! So keep an eye to Bitcoin & Ethereum hope we can see the same movement upwards!
ALGOBTCALGO pulling back to the broken resistance
I bought ALGORAND with BTC pair here
targets in the chart
targets based on fibs levels.
BINANCE:ALGOBTC
ALGO - Approaching A Massive Support!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for ALGO, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
RSI & MACD yr. Python>>>Bot ~Jqapple like any spy, qqqq, demonstrate the correlations between the weights if put on the RSI time-series in sub30s aligned with MACD triggers, would yield substantial gains.
Why not run the same logic weights for buy/sell and write out the functions to api the trade? Build it on RobinHood and Alpaca >>>python
ALGO VERY BULLISHALGO weekly chart...looking really bullish and
staying within the bullish channel. the DeMark 9
Indicator is reading we have h9it bottom and ready to move up.
if it bust major resistance, we can see all time
highs and going toward my price targets. RSI
is also looking bullish
ALGOUSD has bottomed. Next High at $4.00.Algorand's price action has been very straightforward since the start of 2020, as it has been trading within a long-term Channel Up. Every Higher High follows a +0.236, +0.786 +1.0 sequence on the Fibonacci scale and every Bottom is made on the second low following the correction and a Triple Bottom on the 1D RSI (green shape).
If this pattern continues, then ALGO should currently be on its bottom as it is the second low leg since the correction (could be even the third if we count December 04). That makes it a strong buy opportunity on the current levels. A 1D MA50/MA100 Bullish Cross should come as confirmation of the rally but the accumulation process has already started.
Based on the Fibonacci sequence of Higher Highs, the next High should be on the 2.236 Fib extension i.e. somewhere around $4.00.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
AlgoUsdt Algousdt:
Description:
It made small breakout but without any confirmation about it.
We just got 2 candlestick clsoed above it which is not enought and also there is some diagonal resistance trendline from which one we got rejection and rejected down to retest breakout level.
For now i can't say anything with ambitions about algo.
If we hold this level next resistance would be around 1.65$
If we got rejection from here next support line would be around 1,383.
if lose that level most likely in that case algo will drop down around 1,2
WIth respect your Rhino Aka Bear.
Grade-A GainsThe A's are the winners in the corporate and crypto worlds
ATOM is the latest portfolio gem with an amazing chart. On the verge of a breakout run, price can tag the top of the channel at $60. If it has some time to chew up some time consolidating than $90 becomes the top of that channel. Additionally, ATOM offers attractive APR staking yields from 6% to 9%, depending on which exchange.
ALGO had a similar setup not too long ago.
Recently ALGO followed through with the expected breakout and likely needs to cool off before tapping that $3 to $4 area at the top of the channel.
ADA is another. Abundant gains with a decent APR staking yield currently at 4.91% on Exodus wallet. Recently breaking to new highs, ADA has every reason to take another leg up. Although under $3 is a steal, the chart structure doesn't give any clues to technical price targets yet. All in all, I see ADA having more upside in the coming years than ETH.
Ethereum is looking awful. The double top is concerning and that MACD divergence is not helping.
While we are at it. Bitcoin is also in a pickle with the MACD weak while price is rising to either a double top, or a higher high which is even worse. This would lock in a major MACD divergence, paving the way to a dump right after a false break to new highs. Price needs to grind sideways for a healthy set up to continue.
Similar to how Gold is.
We all know the DXY has some inverse correlation to these assets. Here's what it would look like if there was a major crypto dump. The DXY would break to new lows causing extreme bearishness. Soon after catapulting into a fresh bull run.
ALGO/USDT Loaded and Ready to $5#ALGO/USDT Bull Flag Update:-
$ALGO bullish flag in HTF 3D chart.
We can see last Drop till $1.20
So this is Accumulation zone.
Entry:- $1.20-$1.45
Targets:- $2/$5
I am expecting $5 if break out Bull flag resistance.
Algorand Analysis 28/02/2021it seems that this Crypto has done its retracement and now preparing for impulse wave
there total of 2 TPs
1 TP seems to be very viable
Algo Expect Sideways ActionI expect Algo to move sideways for a couple of weeks here between 1.42-1.58. If it manages to break to the upside expect 1.80 to serve as strong resistance. If it breaks to the downside expect 1.23 to serve as strong support.
algorand algo algousdupdate
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
ALGOBTC GOOD MOMENTUMAlgrand is located in an ascending major trend line and after reacting to the floor of this trendline, it is moving towards the target.
Due to the passage of a resistance and due to its strong momentum and ascending cycle, it can touch the specified targets.
The targets are marked with the help of Fibonacci and the resistance ahead
TP1: 0.00005400
TP2: 0.00006300
TP3: 0.00008000
Algorand ($ALGO) New FIBAlgorand ($ALGO) New FIB: $ALGO looks ready to break out on a mini-pump. RSI heading straight to the upper boundary with MACD looking healthy. BB squeezed and looking for a close and confirmation above upper BB (this resistance has been tested 8 times in as many days)
ALGORAND- Next to Pump 🕺ALGORAND has been extra volatile with a huge pump and dump candle just a few weeks ago.
At this stage the rice has just broken over resistance and could possibly fly higher.
News:
Algorand Surges as Foundation Incentivizes DeFi Activity on Algofi
The announcement of liquidity rewards for a product built on Algorand put ALGO tokens among the few gainers on (last) Thursday.
The move came hours after the Algorand Foundation, which oversees development on layer 1 blockchain Algorand, announced a $3 million incentive program for Algofi, a decentralized finance (DeFi) platform that relies on smart contracts to offer low-cost lending and borrowing services to users.
“Through a partnership with the @AlgoFoundation Aeneas DeFi Fund, Algofi will be launching a rewards program of $3MM (2MM $ALGO),” Algofi noted in a tweet this morning, adding the incentives will run for active users through the first quarter of 2022.
ALGO/USD ChartHi, I try to post often so if you could follow and like it would mean a lot to me.
ALGO is very bullish right now and is ready to move towards 2$. The FOMO on the coin is amazing, the 4H and 1D charts are looking amazing.
The coin broke the 1.50$ resistance a few days ago, and after having a bullish retest, the coin looks ready to skyrocket. I don't have to much to say, but right now BTC is moving sideways in between the 45K-48K, and the best way to be profitable right now is in alts that are showing strenght (like ATOM and ALGO).
Please comment what you think and check my recent ideas!
$ALGO /USD, Something to watch $ALGO /USD
Something to watch if it can hodl/flip this area as a 1D UCTS Buy signal was printed
If happens, then looking toward ~2$
#ALGO
