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Algo

ALGOUSDT Descending Triangle Breakout | 80% Move ExpectedALGOUSDT Descending Triangle Breakout | 80% Move Expected ALGO was in the correction phase since September 12, 2021, after successfully creating ATH at 2.5499. Now, ALGO has broken the Descending Triangle Pattern and seems bullish from the current price of 1.7431. NOTE: 1. Q4 Started and highly volatile 2. Do your own analysis 3. High risk involve in this trade 4. Spot trading only 5. Take very low risk Disclaimer: I will not be responsible for any of your loss or profit. Buying Zone: 1.7454 - 1.8000 TP1: 1.8615 TP2: 2.0496 TP3: 2.3858 TP4: 2.7460 New ATH | Final Target: 3.1855 SL: 1.5534 Net ROI: 75% - 81% Trade Risk: 11.38% NOTE: Do not use more than 15% risk of your account.
Long
by unitsol
4
Algo has reach the bottom of this correctionAfter the correction that we just saw, it is just a matter of time before we bounce right back up. My entry point is right now $1.69 the RSI is very low the MACD is also very low indicating a promising bounce. The next few hours are important, if BTC can hold the line at $60K then we will see a quick turn around. If the support breaks, the next stop is $52K so it will take a bit longer to recover. We have 2 supports, one at $1.49 and another at $1.19, but I really don't think we will make it to that and this is why I prefer to get in right now, even if it will drop a little further still. TP1: 2.03, (50%) TP2: 2.23, (50%)
Long
by crypthal
7
ALGO with symmetrical triangle breakoutALGO with a symmetrical triangle breakout. I decided to mix it up and include some Elliot wave theory. It looks like the first impulse is over but the second impulse is just beginning. Mind you if it had the same market cap as ADA it'd be at $10.80 (at the time of this post) Looks like we could be heading to the high 3's and maybe even break into the low 4's with Algorand. *HYPOTHETICAL* Just want to see how it turns out when you combine wave theory with traditional TA, like h&s or triangles. No bs, I am the most bullish out of every crypto out there. even bitcoin
COINBASE:ALGOUSDLong
by EBITDAtiger
ALGOUSDT 4HHi everyone Assuming a resumption of the uptrend, the initial resistance of cows in the two-month price range is around $ 2.43. After that, the $ 2.55 price cap will follow Returning to the $ 2.55 level paves the way for the 2.63 target Due to the downtrend, the price can now move towards $ 1.94 If the bearish trend continues, the bears could dominate the market by lowering the price to $ 1.88 As the selling pressure continues, the price reduction below 1.83 will invalidate the uptrend scenario Thankful
by shayanfb
2
ALGOusdt The Cup and Handle pattern is a bullish continuation pattern that resembles a cup on a candlestick chart. The cup part of the pattern is when the price gradually changes its direction from bearish to bullish, intuitively speaking, investors get hope for the performance of the security. A handle is when the price retraces slightly before it rises sharply and resumes the previous trend. The profit target is determined by measuring the distance between the bottom of the cup and the breakout level of the pattern and increasing that distance up from the breakout point. The first target is shown in the graph. Further goals are to overcome and set a new maximum. Control your risks and good luck to everyone.
by Shancuha
2