Algorand
$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!
#ALGO, Can #Algorand push higher?A quick look at #Algorand (#ALGOUSDT, #Binance, 4HR):
Price broke the upper resistance of the triangle pattern on March 29.
Since then, it broke the $1.47 resistance, flipping into support (S1). If S1 holds, price can try to break R1 and push the price higher.
If S1 does not hold, price might go back down and try to rebound from the EMA200/S2.
If you want to read more about Algorand on CoinMarketCap, click here .
What do you think?
Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)
Thank you and Happy trading!
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Needless to say, this is not financial advice!