Deep correction for ALGO on the horizonThe daily MACD just manifested a Dead-cross. Comparing it to last time, as highlighted in the picture, the price can revert to MA100 or MA50. A target price of 1.5$ does not seem to be out of reach.
Algo
Alogrand Bull Flag Pattern $ALGOBullish set up with $1.75 acting as the floor. I'm looking for price to break the triangle to the upside with a move above $2.25 to signal potential to see $3-3.50
Algorand (one last dip to $1.88?)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
*follow the red-line in the flag pattern...
ALGO/USDT : Breaking out the trendline ! BINANCE:ALGOUSDT
Hello everyone 😃
#ALGO has formed a descending triangle, The movement is marking to be bearish by the current bearish trendline.
But there is an attempt to break above the trendline, Also after any correction to FIB's level; EMAs will support the movement and it should pullback from that points..
Have to mention that Volatility is being bullish too !
So there will be two bullish scenarios :
- Break above the trendline at current point and volatility cause another bounce by the bullish crossover
- Retest on lower EMAs and pullback from the support zones which has been merged with FIB's levels.
📚 Targets are mentioned on the chart, Potential +70% growth after a correction on FIB's levels !
🔴 We might face more FUD news as #BTC is approaching the 50K's resistance again, So manage your risks and don't engage more than 4% of your portfolio on ALTs.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ALGO , 5th elliott wave about to end , 65% gain ahead.so guys as you see , it's the end of the 5th wave for ALGO , our target is between 3.35 - 3.55.
after that we are gonna have a correction which Imma keep y'all updated .
don't forget the 3 important things , like , comment , follow.
see y'all in the next idea.
Algorand ($ALGO) New FIBAlgorand ($ALGO) BULLS applying some buying pressure yesterday and the start of today's trading candle
Pump up formation for sure, watch for climaxIts a well known formation. Watch out for climax, it could get to be a bit sticky at the end. WAZZZZZZUPPPPPP
Algorand (one last dip to $1.88?)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
Algorand (one last dip to $1.88?)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
Algorand (breakout deadline)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
*my other related ideas regarding Algorand are linked below (alternative chart patterns.)
ALGO resdy for another push to the upside!Here's a quick look at ALGO 2 hr chart. As we can see, the price has been forming a descending triangle and we could see a break to the upside soon! Definitely one to keep an eye on.
The best entry would be, when the price breaks above the descending triangle with good amount of volume .
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The idea is: Buy the breakout from the descending triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 2.19$
2. 2.49$
3. 2.98$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
ALGO/USDT - LONGLet’s long ALGO!
Stoploss at 175.
Take profits whenever you feel satisfied and at any of the levels based on the chart.
Algorand ($2.75-$3.00 Scenario)Algorand has seen a recent uptrend, and is testing $2.00-$2.15 (the handle of the small cup-and-handle pattern). The next major ceiling for Algo is $2.22. If Algorand is able to break out of the $2.43 price barrier, I would expect an immediate rise to $2.50-$2.60...with possible resistance at $2.65-$2.75.
Algorand ($2.75-$3.00 Scenario)Algorand is testing $2.00-$2.16 with a temporary ceiling at $2.22.
The ceiling could have been caused by multiple or several large sell orders placed at this price marker.
Floor at $1.86 with support at $2.00.
Additional Notes: Algorand's Community Governance goes into effect on October 1st, 2021.
Algorand (Possible Breakout?)Support at $1.93-$1.86...could Algo see a slow rise to $2.75-$3.00 next? The Salt Conference in N.Y has ended, and this could very-well bring heavy volume into the crypto space, with Algo being a key-backbone to the ever-developing ecosystem.
