Algorand
ALGO/USDT : Pulled back from bullish trendline BINANCE:ALGOUSDT
Hello everyone 😃
ALGO had a pullback from it's bullish trendline.
Now ALGO is facing MA200 so rejection is expected...
Also there is a heavy support zone, Which can be a reversal zone for ALGO.
MA200 and MA100 are above movement after breaking MA200 we may see another rejection from MA100.
How ever They had bullish crossover; But we can count them as a resistance for ALGO !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
$ALGO correction coming to an END.We wicked down and tapped the trend and 0.786 fib perfectly this morning and it may signify the end of the correction for ALGO and all of crypto really.
I think we may get another tab of the trend line & 0.786 fib, forming a double bottom on the lower time frames before a slingshot back up.
Should we break the trend line and close below, we have support at the grey box & the $1.00 psychological level.
ALWAYS ADAPT & CONSIDER ALL POSSIBILITIES.
#ALGO - will we see a bullish breakout soon?Hey folks, still on the run with ALGO.
Momentum is on our side as we see a positive trend on the MACD and RSI chart.
Still in a ascending channel and we expect to see a breakout soon.
What are your thoughts? Will we breakout bullish?
Take care guys
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Disclaimer: Just a traiding idea, no financial advice.
ALGO taking off 2Guys, it's pumpseason and I would say that the Algorand is going to have another pump soon ! 🛫
Once ALGO gets above the upper boundary of this triangle, I think there will be chance for run to 2.41 and even more. Just bought now @ 1.478
SL : local low
TARGET : height of the triangle projected from midpoint of the local range (BUY - SL)
RRR : 7.6
INVALIDATION : when SL level hit
Like & Enjoy!