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% - $1.59
Being Sunday, I will keep a close eye on the overall #crypto market as I might sell TP2 a little before or after.
Algo
Algo is ready to launch!We remember that ALGO pumped for like 120% and I was ambushed for a pullback and a good entry point. here you are:
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-Wonderful resistance at around 1.71$. you see how man times price reacted to this line!
-We are on fib retracement 50% resistance!
-We had a false breakout and a nice rejection
-On the weekly chart we see strong momentum
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So, we can enter here with a small SL and huge TP like 38%
God bless you and me
ALGO AnalysisHello friends
ALGO looks very interesting. he broke the trendline and now testing it. so it is very possible that ALGO go for the yellow lines!
but be careful cuz its maybe a false breakout and continue his way down to create head and shoulders pattern
This is my though so before any trade do your own analysis
GOOD LUCK!!!
ALGO Algorand upwards momentum with an Inverse H&SWatch news for governments using this blockchain and technology for their own CBDC. Major governments are testing on Algorand now. Wait for a major announcement and this goes up x10 in a matter of days.
This is not trading advice. Good luck, God speed and watch out for flying telephone poles.
Be ready for the crucial pointFrom above or below?
It all depends on the total market and bitcoin
Get out of the range of suffering and pullback to it
1 If he wants to enter the range of suffering again, we have a fast and good ascent ahead
2 If two to three candlesticks fall to the same level, we expect a good fall
1 or 2 ???
Also pay attention to the sensitive point of the RSI
If stabilize at the top of line 54, it is a sign of ascent, and if it descends from there, it is a sign of descent
Line 54 has always been crucial for ALGO
ALGOUSDT 1H, READY TO BLOW AGAINAlgorand is on the move.
Good Bounce off 100EMA.
Consolidation near visible resistance, with more bulls we cab break and head for next resistance up ahead.
This is a LONG buy trade idea.
Double bottom confirmed trend to ascend.
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MY NOT SO MINIMALIST ANALYSIS OF $ALGO9.23.21
Analysis of $ALGO
HOW TO READ CHART
Indicated are key support and resistance levels using small and large trading range boxes for ENTERING A SWING TRADE (Short - Long.)
Watch out for Patterns, Divergence, EMA, Candlestick Math, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer:
The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
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