Algorand Bullish Broadening Bottom 2022Same idea, from 2021. Algorand is still forming a broadening bottom pattern, prefectly according to the textbook.
Algorand
AlgorandusdtA strong downtrend, then a stop, without a significant pullback, a descending rectangle was formed.
The tool will go below. The entry point is a breakdown of 0.28 then the entrance to the retest of this level
Algorand (ALGO) - August 23Hello?
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(ALGOUSDT 1W Chart)
The key is whether it can rise above 0.3310 and find support.
(1D chart)
If it does not rise above the 0.3099-0.3310 section, there is a possibility that it will fall to around 0.2140.
- Since the RSI, Stoch RSI, and CCI(9) indicators have all entered the oversold zone, if they start to break out of the oversold zone, it is likely to lead to a big rise.
To do that, you need to find support at or above the 0.3099-0.3310 range when you break out of the oversold zone.
If it doesn't and it's finding resistance as it is now, it's likely to lead to further declines.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ALGORAND to $100 (£82) BY 2026?- IS20022 COMPLIANT crypto
- Fast and cheap to move money!
- Partnering up with FIFA 2022!
Algorand - Uptrend Continues!As long as it keeps the trend line intact, it can easily go and tap the range high at $0.40 short term.
$ALGOUSDT - Reversal play with +30% upsideTechnical Analysis (TA)
We are seeing a breakout from the wedge and early reversal signs on the weekly chart.
We should expect price to reach between 0.42 and 0.50.
Price Target
Entry: 0.38
Target 1: 0.42
Target 2: 0.50
ALGO higher prices are not too far to touch#ALGO/USDT
$ALGO is inside uptrend channel and price is above the middle line.
🐮 so there is a high probability that price extends its upward move to touch upper line of the channel that is the same with resistance zone above $0.4.
🐮🐮 In the long-term, a break out from the weekly resistance zone will increase price toward $0.56.
ONLY NEEDED GRAPH FOR NEXT 4 MONTHS *ALGO / USDT" *ALGORANT*On graph we see possible longer term price rebound.
White marks describes fakeouts out of 77MA on 1D and possible real breakout at this prices.
Then we see resistances marked by red line and target areas for next price movements.
Hoping and wishing you guys the best trades.
Share you opinion and boost the idea, Thanks.
Algorand (ALGO) - August 12hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ALGOUSDT 1M Chart)
The key is whether the price can be maintained above 0.3310.
(1W chart)
The key is whether it can find support at the 0.3310-0.4478 zone and move higher than 0.6704.
- The RSI indicator is out of the oversold zone, but the Stoch RSI indicator is entering the overbought zone, so it is expected to show a mixed trend.
(1D chart)
It seems likely that a trend will form in a direction that deviates from the 0.3099-0.3872 range.
A move above 0.3872 is expected to rise above 0.4478.
However, holding the price above 0.3310 is expected to lead to an attempt to move higher above 0.3872.
If it falls below 0.3099, it is expected to decline to around 0.2140.
Therefore, if it falls below 0.3099 and resists, a stop loss is required to secure cash.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** Background color of Long/Short-S indicator: RSI oversold and overbought sections
** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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Algorand finally poking above the inv h&s neckline.For now we won’t know exactly where the measured move target will be until we know clearly where we officially break above the neckline as well as flip it to solid support. Will update this idea once it happens. *not financial advice*
ALGORAND - Potential to Explode UpwardsBITCOIN AND CRYPTO MIGHT PUMP ON GOOD USA DATA:
Weekends have been very weak the past months but this could change. After all, crypto adoption is a trend. Not convinced?
well here it is: Coinbase and BlackRock to create new access points for institutional crypto adoption by connecting Coinbase Prime and Aladdin
News:
Algorand Foundation announces global winners for its $50M blockchain research and education program
One Love,
the FXPROFESSOR
BEAR FLAGInteresting continuation pattern developing on ALGUSD.
Theory is for a continuation of the bearish momentum, however, in case of close above the channel, the outlook would then suggest a bullish reversal.
For now we wait for the breakout and the position our trades accordingly
ALGO Risk/Reward : 1/4 LONG HEREIf u think crypto market is in uptrend u can find some Altcoin with nice risk/reward like ALGO
ALGO FIREWORKSALGO about to pop for a nice ride upside
apparently I have to write more stuff, even though the idea couldn't be more clear
HELLO ALGO :D* None of what i write here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose your money.
Algorand (ALGO) - July 31Hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ALGOUSDT 1W Chart)
The key is whether it can find support and move higher near 0.3319.
(1D chart)
Primary resistance: 0.3872-0.4478
Secondary resistance: 0.5993-0.6704
Support: 0.3099-0.3319
If it finds support above the HA-High indicator of 0.3414, I would expect it to move higher.
A break below 0.3099 to find resistance is expected to lead to further declines.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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ALGO TO $.395ALGO showing heavy confluence at .395 cents
We have a ISHS target matching up with a volume profile and a fib with the same coordinates.
Let's ALGO to this target!
Algorand longAlgorand broke trough the resistance area. Asset broke trough the descending trendline. Bullish movement to resistance level at 0.375 is possible.
WHAT IF ALGORAND MAKE A HUGE RALLY?If Algo makes a good rally my possible ALGO/BTC price is indicated in the chart. I really like the project by the way.
Algorand longAlgorand is bouncing off the Fibonacci 0.5 level and bouncing off the support level. Bullish trend is likely to continue and reach the resistance level at 0.377.
Algorand (ALGO) - July 19Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ALGOUSDT 1W Chart)
It is expected that an upward trend will occur when it breaks above the 0.4253-0.6132 section.
(1D chart)
Primary resistance: 0.3689-0.3872
Secondary resistance: 0.4253
Support: 0.3091-0.3310
The key is whether we can break through the 0.3689-0.3872 section, which is the primary resistance section, upwards.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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Algorand longAlgorand bounced off the lower boundary of ascending channel. Bullish movement to resistance area at 0.323 is possible.
