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ALGOBTC

Algorand (ALGO) Correction Is Over, Going Back Up!We have multiple signals that are telling us that this correction that ALGOBTC has been going through is now over. 1) We can see prices bouncing right at the 0.786 Fib. retracement level relative to the last bullish wave. 2) We have really high volume on today's candle which... 3) Is now trading above EMA10 all the way to EMA200. 4) This Is supported by a strong RSI (above 50). 5) It is moving up today as Bitcoin drops. The altcoins are growing and continue to grow, this time around even while Bitcoin enters correction mode. Enjoy the profits. Additional details on the chart. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
4
ALGO-BTCGreetings, I want to warn you right away that trading bitcoin now has a higher risk and is suitable for more experienced traders. As bitcoin price has its own volatility, and as you know with sharp movements whether it is rise or fall, alts in 90% of cases are falling down. So if you have little experience trade better to the dollar. The coin is available for trading to USDT on binance, OKEX and other exchanges. You can read my past ideas for this coin below, in the attached ideas. After the rise at the beginning of the year ALGO corrected 55% or 0.786 Fibonacci, and I think it is ready to go further and below I will give some arguments why I think so. The coin is in sideways movement, a horizontal channel has formed, sometimes broken both up and down, but the outlines of the channel can be defined quite clearly. At the moment, the price has approached its lower boundary. If it is broken down and secured inside the channel, it is very likely that the price will test its upper boundary at around 75% of the potential for a move. Fractal All trading is based on probability of price movement in the past and forecast of price movement repetition in the future. Found an interesting situation on the chart, with a possible fractal now possibly forming on the chart. The price moved on a downward arc, then the accumulation, only in the first case the accumulation was horizontal, in the second case it was inclined upwards, then the fall and pullback, in the first case it was about 45% now about 55%. Also we can see a stop pullout in the first case before the continuation of growth, now we can also see the same short squeeze. After the pullback - continuation of growth, and formation of diverging triangle/ wedge, and completion of the bowl formation. In the past, the price stopped at 5700 satoshi, thus forming Lower High from the last price peak, through them we will draw a trend line, which will be a resistance for the upside movement, near which we are likely to see a pro-trading (short-term sideways trend). A breakout and consolidation above the trend line will be an optimistic signal for continuation of growth. With this development on the chart, the potential for a price move through the levels. If the bowl pattern is formed this time, the potential for it to work out at around 400%, from the neckline, which means a price of a fantastic 30,000 satoshi. But let's act like professionals and take profits without waiting for "to the moon" Always use stop loss and don't use trading leverage higher than x3. A trader should always have tomorrow. If this information is useful, please like and subscribe, so as not to miss anything.
by Kirill_Gaitan
1
$ALGO/BTC 2D (Binance Spot) Ascending channel on supportAlgorand seems to have retraced enough from last spike, I think It's time to enter a swing! Current Price= 0.00001943 Buy Entry= 0.00001956 - 0.00001818 Take Profit= 0.00002618 | 0.00003956 | 0.00004992 Stop Loss= 0.00001399 Risk/Reward= 1:1.5 | 1:4.24 | 1:6.36 Expected Profit= +38.74% | +109.64% | +164.55% Possible Loss= -25.86% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 3 months
Long
by TradingOn
ALGO/USDTSeems like ALGO is pushing up the price just like the other main coins. Right now it's pushing up the Bollinger Bands and is considered a very powerful uptrend. You can easily get this but first we're gonna have to wait for this coin to confirm and close a 4H candle above the resistance. After that it's pretty much safe to open long positions. (Unless Bitcoin starts to fall) -This area is a very powerful resistance for this coin. it got rejected from here too many times; so be careful- Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅ Comment if you need a chart 💬
by ShawnMCR
2
ALGOUSDTI was asked to publish a chart about ALGO. This coin is following Bitcoin, just like the other coins... so any forecast about it can be ruined by bitcoin because -BTC is close to a big resistance right now and can cause a crash-. But about ALGO: This coin hasn't been on the top charts of Binance for a while now and it's been doing a good consolidation. A few hours ago it got supported and bounced back up by the lower Bollinger Band and the 0.786 fibs, There's only one weak resistance on the way up. I would advise you to wait for a confirmed breakout and then open long positions. Again: Watch for Bitcoin, the market is shaky right now!
by ShawnMCR
2
ALGOUSD (ALGORAND) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - ALGOUSDT brokeout above descending trendline resistance. - Price action is printing an ascending triangle pattern. - This is a bullish build up pattern. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the ascending triangle's horizontal resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the ascending triangle's inclined support.
BINANCE:ALGOUSDLong
by Chibuike_Odoh
6
ALGOUSDT (ALGORAND) - UPTREND CONTINUATION ANALYSIS 🔎 - ALGOUSDT brokeout above the inverse head and shoulders neckline resistance as expected from my previous analysis. - Price hit a swing high (1.84 USDT) and retraced. - Price is retesting the neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this retest zone (High buying pressure). - The retracement is resisted by the descending trendline resistance. - Breakout above the descending trendline resistance could be an uptrend continuation signal. BUY ENTRY ⬆️ - Conservative entry : breakout above the descending trendline resistance. - Aggressive entry (risky) : market price (now). TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
ALGOUSDT (ALGORAND) - UPTREND CONTINUATION ANALYSIS 🔎 - ALGOUSDT is consolidating in a pennant chart pattern. - A pennant chart pattern is a trend continuation pattern, a bullish one in this case. - There's a breakout potential. BUY ENTRY ⬆️ - Aggressive entry (risky) : market price (now). - Conservative entry : breakout above the pennant pattern's inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Horizontal resistance level (R3). - Projected ascending channel resistance. - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the pennant pattern's inclined support.
Long
by Chibuike_Odoh