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Algo

ALGO / USDT - Big triangle pattern. on the verge a breakout?Here is my take on ALGO / USDT 4H. We are witnessing a triangle formation with a potential breakout. If the ranging motion continues then we can consider the pattern as invalidated. If the triangle breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: TG1 - 2.08$ TG2 - 2.18$ TG3 - 2.26$ TG4 - 2.44$ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like for me to analyze next. Trade safely!
Long
by Droz_TA
8
$ALGO Symmetrical TriangleRSI is showing strength maintaining above the 46 level. The 50-day MA passed up through the 200-day MA signifying a Golden Cross. MACD doesn't look the greatest but does appear to be moving in the right direction. Scenario A: break-out of the triangle, zoom towards previous ATH, contend with it momentarily and then make new ATH Scenario B: breakdown out of the triangle, fall towards 200-day MA or previous support. Which scenario do you think is more likely? Imagine when ALGO gets the market cap of ADA or SOL... Algorand would be at about $11 if that were the case based on current market caps at the time of this post. Weekly Chart:
COINBASE:ALGOUSDLong
by EBITDAtiger
ALGO to remain in correction phase above $1.75The Algorand price analysis shows that the ALGO/USD is correcting today. A decrease in price has been observed as bears are ruling the charts today. ALGO remained bullish for the last four days, and the price uplifted during that time but to a limited extent. Overall, ALGO has been following a wave pattern for more than a month and has been unable to break above the $2.3 level. Only one high swing was observed during the past weeks when ALGO went as high as $2.05 on 25th October, followed by a reversal of the same even higher magnitude when ALGO stooped down to $1.79 on 27th October. Since then, the price oscillation has been small.
COINBASE:ALGOUSDLong
by BernardMikhail1
1
ALGO - Critical Times!Hello everyone, if you like the idea, do not forget to support with a like and follow. After breaking the orange resistance, ALGO has been stuck inside a range in the shape of a symmetrical triangle highlighted in purple. For the bulls to take over, we need to see a break above the upper bound 2.13 marked in blue. In this case, a bullish trend continuation would be expected till 3.0 In parallel, for the bears to take over, we need a break below the lower bound 1.55 marked in red. In this case, a bearish reversal would be expected till around 1.0 where we will be looking for buy setups. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSD
by TheSignalyst
38
ALGO is ready to move up again.ALGO has been moving sideways lately but now it's ready to go up again. If you don't know what is ALGO here's some information i copied xD What Is Algorand (ALGO)? 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. The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token.
Long
by Belguteisama
ALGO LONG - Consolidating before 2.2 retestALGO LONG Entered in the white box when body of daily candle closed above red dotted line (down trend line) to confirm a possible uptrend Target is 2.2 (green line which is the previous rejection point before all time highs) but rejected at 2.1 twice. Where we are now ALGO showing strong support at 1.7 and is currently consolidating before next run. Need a closed daily candle above 2.0 before we are out of this consolidation zone (purple box) mrnicegvy
Long
by mrnicegvy
ALGOUSDT Technical Analysis⏳ Spot 💎 ALGOUSDT after breaking above the symmetrical triangle, it has been making HHs and HLs in the ascending channel. After the pullback it has the potential to go higher 🌐 Tradingview 🏁 Short & Medium Term 💵 Invest Only 5% of your Portfolio 🎳 Entry at Market or at 1.9455 - 1.8600 ☕️ TP1 2.1200 🍺 TP2 2.2666 🍻 TP3 2.4700 🍾 TP4 2.7000 🍷 TP5 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 1.7700 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
4