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ALGOBTC

Flowers for Algorand (ALGOBTC)Currently watching ALGOBTC here for a possible entry. We broke out of the downtrend earlier this week and had first test of the 675 valley for a possible sign of reversal. Currently coming back down towards the start of the recent breakout at the 575~600 area. Would like to see this area hold over the next day or two if we are going to maintain uptrend. One of the few Binance coins with decent volume and on the FA side was recently mentioned that Coinbase was "exploring" the addition to their exchange. Entry: 580~600 (Needs to hold above 575 for a few more candles before I take entry) Stop: Below 575 Targets: 675 (dotted line tested level, would expect this to break if we move up) 731 (untested) 836 (untested) As always be patient with your entries and set stop losses. :) BTC Tips: 3KKD7YKR7x9c4AZJJ56XJA8F3hp7hWSpTX
Long
by TraderoftheCorn
2
ALGO/BTC (Algorand) Making Falling Wedge ..!!ALGO/BTC (Algorand) - In 4 hrs Timeframe, Forming Falling Wedge Pattern (Bullish) - May Be Test the Support Area Before Move Up. - Falling Wedge Breakout Expected If Hold then Bounce Back From Support.. Buy Around 500 - 520 Sats Sell Targets 560 - 620 - 680 Sats Stop Loss Below the Support..!! Please, give us your opinion in the comments! If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates. Join Telegram Channel for more analysis - t.me The information given is never financial advice. Always do your own research.
by Faibik
ALGOBTC - Pure Speculation Play ALGORAND hit the exchanges on Friday, including Binance. The ICO price was $2.40, already sitting around $1.40. That's a 41% drop in 3 days, ouch! Usually, we see at least 1 nice green candle day during the first 5 days of a new listing. ALGO hasn't had that yet so it could be overdue. This is an extremely speculative play though based upon psychology and zero technicals. I would spread buy orders out in case it goes further. Not for the faint of heart. Good luck!
Long
by Cryptrarian
ALGO/BTC Downtrend Channel Takes ShapeALGO/BTC in a perfectly parallel downtrend channel. As a comparison, when MATIC started trading on Binance, it went steadily down for two weeks, losing significant value. ALGO has been trading for a couple of days and is already well on its way down. The ALGO price was obviously overvalued at $2.40 USD. It could go much lower from here. Or, who knows, it could turn around and try to retest its original valuation. The latter seems less likely, given the strong downtrend it's in.
Long
by tat_2