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ALGOBTC

Algorand 65000%Algorand is in a brutal Broadening Wedge Pattern, according to the textbooks it should do what is shown. Many alts, either OGs or legit layer-1 chains got absolutely rekt versus BTC caused by uncertainty of many things, Macro, SEC, bankrupt crypto lending companies, QT, scams like FTX and so on. Too many bad things and actors in the market and god knows what else, crypto in general got torn apart left and right since BTC touched 68k for the first time. #LET'S_GO_FORWARD
Long
by init4datech
2
#ALGO/USDT#ALGO The price is moving in a bearish channel pattern on the 4-hour frame and sticking to it well The price rebounded well from the lower border of the channel at the green support level of 0.160 We have a tendency to stabilize above the Moving Average 100 We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher Entry price 0.1700 The first goal is 0.1970 The second target is 0.2125 The third goal is 0.2338
Long
by CryptoAnalystSignal
Algo 🚀Hello, friends! 🫶Today I'm here with an interesting coin!😉 Algorand (ALGO) is a blockchain platform and cryptocurrency created to improve scalability, security, and decentralization in blockchain networks. Founded by Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT), Algorand aims to provide high performance and fast transactions without compromising security. During the previous bull market, Algorand (ALGO) also demonstrated significant growth , like many other cryptocurrencies. Currently, the price is still relatively low, which makes it quite attractive, personally for me!😊 I urge You to pay attention to it, if You are interested in a coin, that You can hold for the long term.🚀 The levels on the chart are outlined for the medium-term perspective , but the coin has much more potential ! 👀What do You think? Have You ever traded this coin? Do You have any experience?😌 Share with me in the comments! Thanks for Your attention💋 Always with You, Kateryna💙💛
Long
by RocketBomb
1
ALGOUSDT: Falling Wedge - Getting Ready for breakoutFalling wedge is bullish pattern (reversal pattern) formed by two converging bearish lines. As you can see in the chart, BINANCE:ALGOUSDT has formed a clear falling wedge patter. If the breakout is confirmed, we can enter the trade around 0.173 After the breakout we can expect a minor correct, however breakout entry should be good and position can be average to get better entry price if the correction happens. EntryPrice: 0.1734 (after breakout) - 0.165 (for averaging the entry) Stoploss: 0.1490 TP1: 0.1894 TP2: 0.2040 TP3: 0.2253 TP4: 0.2531 Don't forget to keep stoploss. Like and follow us for more interesting ideas. Cheers GreenCrypto
Long
by GreenCryptoTrades
ALGO has formed an almost perfect cup & handle on the daily.ALGO (Algorand) has been forming a rather impressive cup & handle formation on the daily chart since mid April 2023. The handle looks to be nearly complete, and could breakout any day now. Anyone who knows Algorand is well aware of how quickly it can move when the volume is there. Either way, I'm a long-term investor who's already well into the green, and will be holding for many years to come. Good luck, and always use a stop.
Long
by MetaShackle
ALGO LOOKS BEARISHOn the chart, it seems that a bearish triangle is being completed. We are approaching the end of this triangle. The expectation is to have a pullback to the red range and then move down. I specified the targets on the chart. Closing a daily candle above the red range will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark