ALGOETH
Algorand at an important junctureMoment of truth for Algorand. Will it close above its recently re-gained trend line this week and this month? Above .30 with some sideways action would be ideal. Because if it does, it will have quite the bull run. If not, it may need to re-visit 14c and that would delay the structure. But so far so good!
Cheers!
ALGOETH - Gains Approaching after small FakeoutAfter a pretty decent 30% profit from the last Short trade we've now got ourselves what looks like a profitable Long trade too! We've had a small fakeout on the bottom edge of this descending channel but the price was quickly restored to within range and now looks to be heading to the upper boundaries!
We should be able to bag at least 10% on this trade, all the way up to around 30% if you're feeling brave, keep your trailing stops up to date with this one!
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ALGOUSDT, Are we repeating the previous cycle ?Hello everybody
According to the chart you can see the price was done the cycle and now because of the distance of the price is a little far from static support line that we shown on chart (Yellow Box), We expect the price is coming to impact to the trendline support area then it can repeat the cycle and we are in the beginning of the cycle.
But if the price can not support from the trendline support zone its ready to drop more and break that support and reach to our static zone (Yellow Box).
The trend of the ALGO is upward adn we are only be in position according to the trend :D
Previous analysis :
If you have any question ask us in private
Good Luck
Abtin
ALGO/BTC (3rd Test at Key Level Support)💎Technical Analysis Summary💎
BINANCE: ALGOBTC
-Algorand is back trading around the key level of support
-Well, this is still good because the Bull defended this zone again
-But the fight is not yet over until the downward trendline is broken upward
-Yes, you can buy at key level but tight stop loss
-Or, wait for the trendline breakout to confirm that the trend will start to reverse
-Upside potential is up to 4000s sat area or higher
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
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ALGO/BTC (Testing Strong Support)💎Technical Analysis Summary💎
BINANCE: ALGOBTC
-Algorand is now testing a strong support area
-This zone is a confluence of previous resistance and support
-If ALGO can hold this area for a few days
-And BTC starts consolidating normally
-There is a chance, this coin will bounce up to 3500 sat
-But if the support fails, the next level to watch is 2000 sat
-So please be careful, I don't advice to buy at market price yet
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Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
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A little Help By Supporting My Channel
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Happy Trading! --> Thank You! :)
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Algorand vs. Ethereum OutlookI strongly recommend you to try Algorand Wallet and its ecosystem. Best Pos (PPoS) I have ever experienced.
Transaction cost: $0.005
Transaction speed: Instant
Staking starts as soon as you move your tokens to Algorand Wallet so you don't really need to stake your tokens at a shady pool.
Nice explorer.
Great tools, tutorials and libraries for devs.
Defi and Oracle ready.
DYOR