Algorand longAlgorand is breaking through the descending trendline. Bullish movement to resistance level at 2,45$ is likely to happen next
Algo
ALGOUSDT LONG - scalp Entering Long here at 1.47 zone and looking for 1.7 target.
Stay nice, this is not financial advice.
mrnicegvy
Algo Bull incoming bullAlgo coming back with strong investors over 1.3billion invested in the last 24hours and huge volume coming in. Coin giving great return for investment we may see this coin head back to the $2 and possible $4. coin is sill under valued.
#Algorand #ALGO in a stable 2 day price wedge and room to grow.Algorand (ALGO) still in a stable 2 day price wedge and room to grow.
Enough free space to orange or even red resistance on the RSI .
Attention:
The OBV support (green trendline channel) should not break.
What do yo think 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Lets GO Algo!Followed my path up pretty good and have been playing off of the lazers well as well.... Well Looking for these to potentially play out whenever this move down has completed.
Algorand's uptrend remains stableThe big support level on the daily chart seems to be working once again. We are long on this one as we expect a good uptrend now and there is some hype incoming, some fund managers say it will be Ethereum killer, but we remain cautious, as it can very volatile as all cryptos. We recommend to put a stop loss at around 1.23 for swing traders.
Algorand - bullish Bullish re this pair.
An expanded flat pattern on daily:
- wave C travelled 162% of the distance covered by wave A
- rejection from fibo level
- wait for the correction on daily - around the median of the flat channel.
Mind also the fact, price rejected from the weekly ma 52 - the average annual price.
As soon as I enter the trade, will update this post. So, you are welcome to subscribe and follow this idea!
Trade safe!
ALGOUSD - ALGORAND - Bullish falling wedge breakout- updatedALGOUSD - ALGORAND - Bullish falling wedge breakout- updated.
update ALGO BTC pairdidn't go the way I wanted. My stop hit and didn't get a chance to re-enter due to the strong bull momentum. But it will undoubtedly come. I am now going to turn my attention to the BTC pair.
The BTC pair looks very bullish on the weekly and daily. That's why I like to be in a long position. If I get the chance to get in 0.00003, then I will go long. otherwise I'll wait and see how the price develops at the first red box. A test of the blue line must happen before the bulls will push further.
Better safe than sorry.
ALGO BULLS TRAPPED!I Don't like the weekly Candles. The blow off top, trapped bulls and going into a Friday. I would look to buy the 786 or the 886 retracement or at least wait for the bottom of the Bollinger band.
ALGOUSDT LONG - scalp Buying/LONG here 1.36 and looking for 1.5 target
5x Leverage = 55% Profit
Spot = 11% profit
Stay nice, this is not financial advice.
mrnicegvy
Algo going back to 1$ ?BINANCE:ALGOUSDT
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Possible Targets
➡️Test fundamental price 1$ and global support trend line
➡️ Retest on D1 downtrend fib line
➡️ Retest 0.23 level FIB to make a continuation move UP
➡️ After retest target by end of Bull Run 5.52$
➡️Pattern since 2019 cup and handle already played.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
Don't forget sub and join my channels under this idea!
ALGO fractal to $3#ALGO/USDT
$ALGO is between descending trend lines and now is above support, there is a fractal from last swing down that till now it is the same as this swing.
if price follow this fractal, ALGO has to stay above weekly ascending support and head up to descending resistance and break it out to touch $3.
Algo Failing To Recapture 200 Day MAAlgo is currently fighting to recapture the 200 day MA as well as the .618 fib level. If it doesnt manage to break above both then we could see a drop to the .786 fib level around 1.10. I would wait to take a long position until their is a convincing break above the .618 fib level and 200 day MA.
ALGOUSD LONGWe recommend to take a long position as the price is currently at the lower boundary of the Keltner Channel. Moreover current market conditions are favouring bulls and we expect it to bounce towards the previous support which should be act as a resistance.
Entry and target are shown in the chart.
No financial advice.
Algorand (Algo) - Gearing Up for Something Big.Hi everyone,
Algorand is a promising project with a great team. The chart also looks fantastic, being in a very pronounced uptrend since around April 2020. This uptrend has involved previous resistance being turned into support, something which I believe is happening now. Due to the promising nature of the project and it's having a very modest market cap of $8 billion (lol), I believe that Algorand will go much higher. How much higher is difficult to say, but assuming a total crypto market cap of between 6-12 trillion $ by the end of this bull market, and assuming that Algorand continues to gain market share relative to its peers in the top 20 (from projects like litecoin, cro, and xrp for example), a market cap above 40 billion seems exceedingly likely, and thus an Algo above $5. Watch this space.
Take care everyone and happy holidays!
Jason
Consolidarion after the sharp declince...!Major cryptocurrencies experienced a 27-40% decline in the past 3 weeks and now they made a consolidation pattern!
Interestingly, they made 2 positive days followed by 2 negative days of small cycles, and they barely move in one direction for 3 days in a row in the past 12 days!
This shows weakness and in the decision in the market!
Conclusion:
Neutral until we see a breakout!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
ALGO USDTAlgo seems bottomed for now. for new ath i want to see it break 1.6 and reclaim this area. if this doesn't work we will probably go for .618 which is also a weekly demand zone.
Wait for a conformation in the green zone. New low this edea is invalid.
ALGO MASSIVE TREND!!!ALGO is in very good area to accumulate.
Its on the bottom of massive trendline trendline.
Its also in strong demand area.
It has also Support from EMA50 and Ichi clouds on weekly.
Everything is lined up!!!
Entry: 1.2-1.5
Targets:
1) 1.9
2) 2.3
3) 2.8
4) 3.4
5) 4.3
Stop: close weekly below 1
🔥 ALGO Huge Bullish ChannelSince the corona capitulation, ALGO has been trading inside a well-defined bullish uptrend.
With the recent fall of BTC, it's only natural that alts like ALGO will follow. However, ALGO is closing in on the support line of the bullish channel, making it likely that ALGO will bounce in the near future.
Wait for a confirmed trend change of BTC before trading. Target is the top of the channel.
Happy trading!
ALGO Bullish ALGOUSDT Buy Signal !!!!Not bad zone..
Use stoplose..
Not financial advice just my opinion..
Fundamentals:
1. Algorand is formally a public blockchain but sharpened to corporate culture for commercial use.
2. There is a possibility that only Ethereum and Algorand will be popular in a few years. Many other blockchains will simply occupy a small niche for their followers (Near, Solana, BSC , etc).You see this analysis from Lisa Emiliano.
3. Ethereum will remain the main forge of new technological projects with open source and decentralization, while the commercial use of distributed registers will remain with Algorand.
4. ALGO operates an algorithm that releases additional ALGO into circulation whenever the MA-30 rises above its ATH .You see this analysis from Lisa Emiliano. This artificially suppresses the price. It brings stability to ALGO, which is typically more attractive to forming large-scale partnerships but it discourages investors. Thankfully, this algorithm will no longer function beyond mid-2023.
5. Algorand has signed an agreement with the Government of El Salvador that the entire blockchain infrastructure of the country will be based on Algorand technology.
