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Algorand

Algorand (Bullish Signals)Algorand is showing several Bullish signals, with an impending uptrend to $2.00 and beyond. The R.S.I is showing divergence ! Charts patterns: falling wedge (blue triangle) with a rounding bottom (red arched line). Rounding top (yellow arched line) resistance at $1.88-$1.93. *Price followed the copied Bars pattern (purple bars) from previous prediction perfectly. * ceiling at $2.00. minimal resistance above $2.06. related Algo published ideas linked below: price target of $3.00 for larger bull flag pattern (see previous published ideas). This flag has some sideways trading, but is still valid.
Long
by marcosdaunte
It's almost $ALGO time$ALGO has been consolidating for weeks now, since the mid-september move after hitting 2.50. The 1.55 area has shown strong support after being tested multiple times in late September. Each time on less and less volume, indicating that selling pressure is waning. Price is currently bouncing off its 50EMA and the bollinger bands are tightening. I still think we could see one more retest of that 1.55 area but if price breaks its downtrend line then my gut might be wrong. RSI is peaking above its short term downtrend line and the MACD is a few days away from a crossover. Keep your eye on this one.
COINBASE:ALGOUSDLong
by Drewsified
2
Algorand (Breakout Update)!Update from previous published ideas for Algo's breakout. Algorand is breaking out of a large descending wedge (blue triangle), tracking along a rounding bottom (red arching line) with a price target of $2.00-$2.20 by 10-20-2021 to 10-23-2021. Expect some sideways trading, which could cause the deadline to be extended by a few days possibly a week. copied bars pattern-purple bars can be seen with a price target of $2.00. Off-centered, but the basic scenario a possibility still; AB-CD/Measured move up pattern. resistance at $1.75 and $1.90-$2.00...ceiling at $2.00. Trading within the orange rectangle is what is most important, there is a possibility that Algo can breakout of the rounding bottom and/or copied bars pattern...as recent volatility is causing the entire Crypto Market experience additional sideways trading or sporadic downtrends before their trend change to the upside (new highs). related in-depth published Algorand ideas linked below:
Long
by marcosdaunte
Algorand (ALGO) - Algorand's had a bad day. Places to buyAlgorand suffered after a recent breakout attempt, where an old daily Dynamic support flipped to resistance and gave us a little local double top. After this those who bought the breakout no doubt have dumped it and caused it to drop to the current lower dynamic support (green) which it is currently testing. The technicals look bad. But wont be confirmed until this 4H closes. Depending on how much you like the ALGO project, you could watch this current 4H candle and try accumulate at this dynamic support if it looks like it will close above price support and OBV key level. From here we may see a recovery. The alternative is this support is broken and we head back down to the 1.5 range. Buyers have been making slightly higher swing lows each time, but they have been failing to show strength. Note the OBV signaling a strong sell off after attempted break. We would want it to hold that key level Watch and act at this level, risking the recovery. OR wait until it returns to the 1.6-1.5 level and look for some signs of renewal there
by jamoooo
2
ALGOUSDT Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL. ENTRY PRICE BLACK COLOR MOST PROBABLE SCENARIOS TARGETS GREEN COLOR LEAST PROBABLE SCENARIOS TARGETS RED COLOR TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE. DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
Long
by hadimozayan
1
ALGO/USDT : Breaking out the trendline ! BINANCE:ALGOUSDT Hello everyone 😃 Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it ! #ALGO is breaking above the bearish trendline here. 📚 There are some of the bullish factors for it : - There's a S/R line which has been broken and it has so much impact on #ALGO's master candle after a retest on it. - Breaking above the current trendline will lead the pair to the recent high which is also. - This the 5th attempt to breakout and based on 5th rule, Bulls have the opportunity to hold above the trendline. - EMA200 is supporting the movement and also it's standing to the support zone on current chart's time-frame. - MACD had a bullish crossover and now it's breaking above the neutral line; Also there's a buy pressure located on MACD. - RSI is standing at 62 currently which is suggesting the bulls upper hand on current level. - #ALGO is breaking above the MA200 currently 📌 You can take a ride after a hold above the mentioned resistance zone. 🔴 Any close below the support zone will invalidate the bullish bias. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
22