ALGOUSDT to $3 $ALGO #ALGORAND #cryptocurrenciesHey guys, another analysis and this time it is on ALGORAND. A crypto which I see alot of potential, I can see it going to $3 soon.
Daily, as you can see it is in a bullish trend and it has already broken trendline and also made a high and now it is retesting this area, on 4h would be much cleaer.
On 4H, much much clearer and after this hourly closes bullish, buy on spot or on futures with less leverage. And hold this to $3.
Please if you do trade this, then use risk management and if you buy on spot then have guts to hold. Have a nice day. :)
Algorand
Slow and Steady for Algorand*Not Financial Advice*
Algorand is the first crypto I got into (after BTC) so of course I dove deep into it. I don't expect this coin to moon in a matter of days so this is definitely a long term hold due to it's uses.
Looks like a rising wedge pattern to the ATH of 1.86. Expect resistance along the way but eventually hitting $2 and beyond.
The great Setup of ALGOBTC - make yourself ready! Wow, what a solid setup of ALGOBTC. ALGORAND is about to blow us away.
We have seen a great move over the weekend when ALGO has broken the resistance at 02500 Satoshi and was able to find support. We are getting closer to the trendline and I expect a breakout within next days.
EMA, MACD & RSI looks good. ATH is still far away, but on long-term a move close to the ATH is realistic - great project. Easy 1200%!
Fasten your seatbelt, it's getting hot in here...
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Disclaimer: Just an idea, no financial advice!
ALGOBUSD AlgorantThis is just a big picture of what is shaping up. Next chart will be with Ichmoku cloud with more details.
ALGOUSDT 2.50/3.50 POSSIBLE WE ARE ABOVE VERY STRONG SUPPORTFellow TradingViewers, Vegans & AVAXists.
Firstly, let me begin with a quote; “The problem is that humans have victimized animals to such a degree that they are not even considered victims. They are not even considered at all. They are nothing; they don’t count; they don’t matter. They are commodities like TV sets and cell phones. We have actually turned animals into inanimate objects – sandwiches and shoes.” Gary Yourofsky
Secondly, lets again, look at this beautiful chart, we are above a very strong support right now, we can expect much more from ALGO
Target 1 is the 1.618 and Target 2 is 2.618, I would expect that we can hit Target 2 in the short term.
Happy and violenceless trading!