ALGO - USDT BULLISH BREACKOUTNice profit incoming, breackout, price holds on 200 EMA on 4H and can move up.
My Long-term target 3 - 3.2$
Algo
ALGO on the way to new ATHALGO digital currency is in a good uptrend which can make a +50% profit!
Due to the break of the mid-term downtrend line that it has been dealing with since early September, in yesterday's rally, it was able to break it up and complete its pull-back on it.
You can now buy with a medium-term vision to reach a new price ATH. In 1st Step TP, you can save some of the profit in the range of $ 2 to $ 2.2, and after passing through the trading zone (Shows in the chart), you can reach the previous ATH in the range of $ 2.4 - $ 2.5.
This digital currency is one of the high potential currencies in the last quarter of 2021.
ALGO 4h retest neckline !In ALGOUSDT 1h
It broke out the wedge and retest the neckline .
It touched 0.382(1.7231) and rebound nest candle.
The level 0.382 became support after it went up .
We can combine 2 candles to a hammer .
I thought it means the confirmation of the support.
We can setup the plan
TP1:2.0538
TP2:2.1993
TP3:2.2582
TP4:2.5889
SL:1.7110
Algorand (Breakout!)Algorand's Community Governance is now here, started October 1st, 2021; and at the time of writing this it has:
14,750 Governors and 144,590,183.078 Algo Committed to be staked.
Algo is breaking out of a larger bull flag pattern/descending triangle (related published idea listed below).
Now testing a smaller descending triangle (R.S.I Divergence showing Bullish signals).
Price Target $2.75-$3.00.
support/floor at $1.50 with resistance at $2.00.
Back in ALGOGot back in ALGO this AM. Same as XTZ.
Unless BTC dumps, ALGO is still in the up trend. I like all Mls and price respecting support and resistance noted on the chart.
Yolo
Algorand ($ALGO) New FIBAlgorand $ALGO New FIB: $ALGO is beginning its come back touching $1.82 resistance
ALGO AnalysisRight now algo at the bottom and have potential for testing resistance
keep your eyes on it and get ready for long
ALGO builidng volume pressure, trending above resistance Another personal trade I am looking at:
ALGO like many of the alts is looking like it will breakout soon if bitcoin remains green, it was an over-performer with the early Sept' breakout and has been pulling back since. Positive volume pressure has been building despite the persistent pull back. On the 4hr it is facing the resistance of an immediate local trend and a slightly higher global trend (light pink). This may Impede an explosive breakout, but there are many other positive signs building for Algo.
Positive signs:
OBV trending above significant resistance (notice every time it has broken this resistance in has been knocked back down)
Significant OBV Bullish divergence
Slight MACD bullish divergence
MACD range tightening, breakout coming (could be up or down)
Sitting on local demand zone
Negatives:
Double trends to break (global trend channel looks like bullish flag - big positive if broken)
Tightly coupled with bitcoin movements
Entry on confirmation of trend break with strong volume closing above last pivot, or higher risk entry on touch of lower RSI trend. Look for break of upper RSI trend for further confirmation of breakout and possible increase in position size on pullback.
Modest Profit targets marked, I will be taking profits prudently unless bitcoin shows clear signs of strength
Always follow your trading plan, this is mine - far from financial advice :)
ALGOHi 🙋🏼♀️
This is my idea about ALGO.
Targets and stoploss are mentioned in the chart.
Thanks for taking the time 🥰
Algorand (Community Governance)Algorand's Community Governance is coming October 1st (available now in some area's.)
Algo has been charting a large bull flag pattern, (or a descending triangle) with an impending breakout coming regardless.
Price target is roughly: $2.60-$3.00 per Algo.
Floor/support at $1.50, with resistance at $2.00.
related Algorand published ideas listed below:
ALGO/USD - possible repeatYellow line - 200MA
White line - 50MA
Basically similar fractals, and mirror line resistance/support. Add to this 1.618 Fib from global downtrend to find possible next target.
Surprise - same picture.
For now it only depends on BTC.
ALGO/USDT Trade Setup.ALGO is bouncing back from its support and I am expecting an 8% to 10% bounce within few hours.
Entry: $1.59 to $1.63
Stop Loss: $1.54
Targets: 8% to 10%.
Keep the SL close and accumulate between the entry levels.
ICX ALGO FractalAlgorand fractal that I thought looked similar to the current icx price action. Essentially hopium, send this shitcoin to $3-4.
ALGO (LONG)ALGO seems to reversed from the support zone with descending Sell Power and Divergence in indicator
Algo in a congesting rangeAfter the high above 2.5 from 13 September, AlgoUsd has started to correct lower and now is trading in a congesting range resembling a symmetrical triangle.
Levels to watch are 1.9 zone, with a break here exposing 2.5 high and 1.68 for a bearish move with a target at 1.25 support
ALGO can Increase soon!Hi every one
ALGORAND / TETHERUS
ALGO has formed a Bullish Flag pattern. This Bullish Pattern Is Gonna Increase the Price soon, But The break out has not happened yet so we must wait or enter with caution. There are also Hidden Bullish Divergences on Both MACD and RSI Indicators. Since The Indicators Show the Future of the Market, We can be more sure about The Incoming Bullish Movement! The Price can Increase as much as the Flag Pole.
Summery:
-ALGO is in a bullish Flag.
-(+HD) on Both MACD and RSI
-The Price can increase as much as the Flag Pole.
-No break out , no confirmations!
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
bullish target of 5usdon the log auto chart a clear channel is observed, along with a fib extention of 3.618 which is at the 5usd price meeting, froming a strong confluence. ATH is 3.41 which will easily break. in addtion a cup and handle is forming. target from the cup and handle is the 2.618 fib level which is at 4usd.
ALGO/BTC bullish breakoutALGO finally broke out of the descending trendline, we are looking for a potential x2 midterm. Patience is a virtue. A retest of the trend might be expected. This will remain positive as long as we don't have any dump on BTC side.
Please do your own research and analysis, this is not a financial advice.
Bullish Stance on ALGO (Algorand)Despite all the China FUD, ALGO or Algorand has held up pretty strong.
Bullish Indicators in favor of ALGO:
Volume Contraction Pattern
MACD Positive (despite the recent crypto sell off)
50 DAY EMA as support
Relative Strength vs the entire crypto market
Stochs at Oversold levels
Strategy:
Buy below $2.00
Cut price $1.40
There might be more upcoming consolidation but ALGO looks really good for the long side
This is my favorite cryptocurrency as of the moment as the market looks to bounce from its recent slump.
Good luck!
Algorand ($ALGO) New FIBAlgorand ($ALGO) in a recent downtrend ended with a HAMMER DOJI today which could signify a bullish reversal candlestick pattern.
ALGO to $1.59 before breaking out?Give then tokennomics of ALGO and how BTC is doing current, we can expect the sell pressures to remain on ALGO
We will continue down the channel to about $1.59 ... in 24 hrs we should know if we are breaking up or down ... but the trade should hold until ~1.59
In case king BTC bounces back, I have 2 TP,
TP1: 50% - $1.64
TP2: 50% - $1.59
Being Sunday, I will keep a close eye on the overall #crypto market as I might sell TP2 a little before or after.
