Algobtclong
ALGO turning bullish after a 4 month downtrendALGOBTC is turning bullish on all the long time frames. target 1 is 2600 sats and target 2 is 4000 sats. The volumes are increasing and there is a lot of strength in the movement.
ALGOBTC | A strong bullish setup for end of Jan 2021Hey friends, hope you are well and welcome to the new update on Algorand (ALGO).
On weekly chart, the price action of ALGO coin is at the strongest down trendline support.
While the priceline is at the support the stochastic has given bull cross, RSI is in uptrend and the MACD indicator has given weak buying signals on weekly chart.
On daily chart, the price action of ALGO coin has completed the harmonic Gartley move and entered in potential reversal zone. Here we have a support of 25 SMA in buying zone. The 50 and 100 simple moving averages are also moving down to form bull crosses with each other.
On long-term weekly chart the priceline has completed a bullish Shark harmonic move and at the moment the price action is moving within the potential reversal zone.
The priceline may move at this level uptil the end of Jan 2021. Because the ichi moku bearish cloud is showing weak bearish cloud signals at that time. So a powerful rally can be expected at the end of Jan 2021.
Conclusion:
The price action has a support of strong trendline, the bullish Gartley is completed and also a bullish Shark move is another strong bullish signal. But the trendline or PRZ level or Shark should be used as stop loss to minimize the risk.
$ALGO BTC | UPDATE HUGE!! - 4H Bullish Divergence 🚀 51% RR 3.17BINANCE:ALGOBTC
Order filled!
Updating the chart below
ALGOUSDT (Descending Channel Breakout)
ALGO/USDT currently trading at $0.29
LONG ENTRY LEVEL :$ 0.27 to 3.0
STOP LOSS ( support): Below $0.245
Resistance level 1(Target) : $0.35
Resistance Level 2(Target): $0.44
Resistance Level 3(Target): $0.66
Risk Reward Ratio : 1:9
Max Leverage: 10X
ALWAYS KEEP STOP LOSS...
Negating this VERY bearish pattern and reverse back up?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Algorand (ALGO) | This Can Be One Of The Best Buying OpportunityHey, friends hope you are well and welcome the new update on Algorand coin.
The priceline of ALGO coin has been retraced between 0.618 to 0.786 Fibonacci retracement level after a powerful bullish rally of 222%.
On long term weekly chart strong support can be observed. Every time priceline has rallied to the up side after hitting at this support.
The priceline of Algorand (ALGO) has formed bullish Cypher on weekly chart.
The targets as per Fibonacci sequence of Cypher are as below:
Potential reversal or buying zone: 0.00003233 to 0.00002683 btc
Fibonacci projection or sell zone: 0.00003666 to 0.00004732 btc
On the daily chart the priceline is trying to breakout 200 simple moving average. The safer buying can be after closing above this SMA.
`Conclusion:
As the priceline has completed a bullish Cypher move while reaching at the strong support level on the weekly chart therefore there can be strong chances that the price action of Algo will start a powerful bullish rally from here. However, the potential reversal zone of bullish Cypher should be used as stop loss to minimize the risk factor.
ALGOBTC formed bullish Cypher | Upto 76% move expectedThe priceline of Algorand (ALGO) has formed bullish Cypher on weekly chart, the targets as per Fibonacci sequence of Cypher are as below:
Potential reversal or buying zone: 0.00003233 to 0.00002683 btc
Fibonacci projection or sell zone: 0.00003666 to 0.00004732 btc
Regards,
Atif Akbar (moon333)
ALGO/BTC bullish time !!!!!!!================ BINANCE:ALGO/ BTC ================
ALGO / BTC breakout the line
as u can see
AlgoHIT THE BREAKOUT LINE
maybe it's time the WEAK UP
and make revearsal pattern tu bullish time
the reason
1. algo cross the falling wedge
2. bullish engulfing
3. the price is up from ema 14,20,50,100
and wait to cross ema 200 and bullish
let see elliot wave. we wait for wave 1 if stop and correction we can wait for pullback to wave 2 and entry and ready to moon wave 3.
==============================================
Trading is High Risk
THIS IS NOT ADVICIAL MANAGEMENT
Please use Risk Management and your stop loss
==============================================
support my channel
Thumbs Up, Comment & Follow
Happy Trading
Thank You and GOOD LUCK! :)
==============================================
Algo Price at weekly Supportprice at weekly support if we hold this price than we can move higher from here else it can touch 2500 satoshi zone.
#ALGOBTC NEW RIDE COMING SOON #ALGO Bullish peanut ready for New Ride... Take long position after breakout of peanut... 🚀🚀
Algorand looking juicy Been waiting on this play for while. About to break the upper trend line of resistance DM me for more deets!
ALGO.BTC (Y20.P3.E1).Bullish mid macro structureHi All,
ALGO has bounced back strong and is likely to break this resistance today or later.
The ghost pattern has been borrowed from the LEND/BTC chart and as such its a bullish formation or similar.
I bought the dip, now its a question of what will it do.
Note: Another Defi that its likely to give big gains.
MY THOUGHTS:
======================================================
By now or weight for the pullback to the fib level as per the chart.
From a MACRO perspective, there is layers of resistance however this one is the main one. In many cases when the main resistance breaks the rest is like butter, Eg. BTC with 6K I think last year.
Note BTC dominance is dropping slowly.
The daily shows sideways movement and the 2 day chart shows upward pressure slowly building so my thoughts are that this resistance will be chipped away and hence the pullback to maybe the 0.382 on this chart.
Please give me like or tick for this post.
Regards,
S.Sari
Close up view on the daily
2 day chart
Macro structure overview.
LEND.btc chart
ALGO/BTC (Pullback Ready?)ALGO/BTC
-after some good news about this coin
-the price rallied over 40% high today
-currently, the candle is painting a temporary top
-I have highlighted the chart where potential good pullback entries
-if ALGO will continue higher, watch out this immediate levels
-a break below the 2nd green line will send the price much lower
-target is the swing resistance at 5200 sat
ALGORAND May Grow For MoreALGORAND (ALGO) is breaking an important resistance. If it does break it, it has plenty of room to grow.
Algorand Ready For breakoutPrice at top of the ichimoku cloud and also at the 100 EMA on daily if price able to cross the ichimoku cloud than it can go higher
Waiting for the breakout of trend line , ichimoku cloud and 100 EMA to break will buy the retest of this zone.
ALGO is on my altcoin bag. I am not sure, but it seems like the time is going to come for ALGO/BTC
We are going to see wheather Jun & July is the month of ALGOlong, or not.
ALGOBTC Swing and Long-Term TradeALGO/BTC Swing potential +40%
ALGO/BTC Long-Term potential +350%
Long-term bullish
