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ALGOBTC

Go Get A Bag $ALGO #Algorand #Crypto Daily Looking at our trend timeframe we see ALGO continues in a minor downtrend since forming our head and shoulders pattern. Stochastic RSI showing momentum is in favor of the bears however it does look tobe slowing down. The last (2) daily candles do show some exhaustion with their wicks, possible we get a reversal at this level. 4Hour Shifting over to our pattern timeframe we see the price is currently testing our dynamic and minor support, stochastic rsi showing momentum is in favor fo the bears with no signs of a reversal. A reversal at this level is crucial if we want to continue respecting our descending channel and retest of $0.3400, a 4hour close below $0.2625 indicates we will continue towards the downside. A 4hour bounce off $0.2670 indicates we will head towards the upside.
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649
All Good In The Woods $ALGO #Algorand #Crypto Daily Looking at our highest timeframe we see ALGO has formed a head and shoulder (H&S) pattern and is currently testing our dynamic support at $0.30. Stochastic RSI showing momentum is in favor of the bears with no signs of slowing down. A bounce off this level invalidates this (H&S) however we would still need to close above $0.3200 to continue towards the upside. 4Hour Shifting over to our pattern timeframe we see the price is currently in a descending channel, and looking to break out. Stochastic RSI showing momentum is in favor of the bears with no signs of slowing down. ALGO would need a bounce off this level to continue its uptrend behavior. A break below our channel and expect the price to continue towards our $0.2950 support, with enough momentum expect ALGO to continue towards $0.2550. With that being said we can still see a bounce from this level and a retest of our $0.3400 channel resistance. I will be looking for some exhaustion on the smaller timeframes for a sniper entry. Until then a 4hour close above $0.3099 triggers our long position, rejection from this level and expect the price to continue falling. Lastly shown above is our accumulation chart, and we can see ALGO is approaching our buy zone. We should see a bounce from this level, if not at least some exhaustion.
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649
Don't Miss This One!!! $ALGO #Algorand #Crypto Daily Looking at our highest timeframe we see ALGO testing our dynamic support(uptrend) stochastic rsi showing momentum is in favor of the bears with no signs of reversal. ALGO formed a higher high with a daily close at $0.50 taking out our previous higher high at $0.40. Since making a new high the price has remained in a minor downtrend and is now looking for support. 4Hour Shifting over to our pattern timeframe we see the price remaining in a descending channel, stochastic rsi showing momentum also stuck in a pattern and we should be expecting a huge push very soon. Bullish divergence shown in momentum, a 4hour close above $0.33 indicates we will head towards the upside, however a rejection from this level and expect ALGO to continue towards our $0.30 support zone. Something to keep in mind is ALGO has never seen a bull run and is already being compared to ETH and XTZ...persoanlly one of my favorite coins.
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649
ALGO - GO, GO... GO?Wondering about the same patterns repeating here to drive ALGO on for another push. Bull pennant fakeout on bearish divergence (the most recent was largely down to the latest BTC dump), drop and test of 200 4hr EMA (blue), inverted H&S at that level then push on up to another higher high from there. I plan on trading this idea and will be entering around this level. Let's see what happens. ALGO seemed to do a similar skip along the 200 4hr EMA late last year before losing the trend. Invalid with a confirmed close below and bearish retest of the 4hr 200 EMA.
Long
by moorbles
Lambo Season!!! $ALGO $ALGOBTC $USD #Algorand #Crypto Weekly Looking at our highest timeframe we see ALGO has never seen a bull run, and already shows some great upside potential. Support found at $0.18 and has remained in an uptrend since. Price has retraced about 30% since making a higher high at almost $0.5200, this week’s candle looks like it has bounced off our previous breakout zone. Some in the crypto community compare ALGO to ETH and XTZ, could we see possibly see the same price action as 2017? Weekly (zoomed in) Taking a closer look at our trend timeframe we see price continuing to respect structure, this week’s candle currently testing our $0.37-$0.39 support zone. A weekly close above this zone is a good sign we will continue the trend. Daily Shifting over to our pattern timeframe we see previous higher highs and higher lows, along with the stochastic rsi showing momentum is in favor of the bears from our previous sell-off from $0.50. Price is now testing dynamic support and our major support zone. No daily confirmations of a reversal yet, however yesterday’s candle left a nice size wick, and today’s daily candle is starting to take shape. Some possible early signs the short term bears are getting tired. 4Hour Finally looking our trigger timeframe we see ALGO has closed above our 4hour support after testing (2) times. Another possible retest is possible, before continuing to the upside, stochastic rsi showing momentum has bottomed and we could be seeing the bulls make another run. Another 4hour close above $0.3750, with some risk management could be a solid early entry before continuing our 2nd leg. A close below this level means we continue to our $0.3400 zone. If this is being compared to ETH and XTZ before the next mainstream wave kicks in, now is the perfect time to start averaging in before hitting Lambo season!!!!
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649