ALGO breaking out on 4hr timeframe?It seems like ALGO has retested the previous supply zone and currently trying to flip it as a support.
Buying ALGO here can be a good move, if it holds here R:R is good.
Algorandusdt
Algorand ALGO Price Targets and Stop LossALGO/USDT short
Entry Range: $0.85 - 0.91
Take Profit 1: $0.81
Take Profit 2: $0.75
Take Profit 3: $0.67
Stop Loss: $0.06
Algo USDT ShortAlgo USDT 1D Time Frame looks bearish and it shows Hidden Bearish Divergence, It is POSSIBLE to hit the VWAP Line(0.618 Fib Line) or the 200 EMA(0.382 Fib Line) before going down.
Algorand ; pennant flag patternAlgorand pennant flag pattern formation after since it break out trend line and grew up well.
Currently unlikely for algorand the btc into correction structure and after finish it correct we expected algorand throught cross red line it will grow up to $1.2 _ $1.3 area at first bullish wave
ALGO/USDT - Potential 123% SetupHello Traders!
After finishing the downward movement, the price of ALGO returned to the zone of interest of buyers $0.695 - $0.890.
It is possible to consider medium-term purchases in the range of $0.695 - $0.800. Price movement under $0.58 will be a trigger for closing the position.
For a short-term trade it is better to wait for a breakdown of the downtrend, the price exit beyond the price level of $1.07 and MA100 on a daily timeframe.
Targets will be price levels of $1.46 and $1.79
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Expanding Diagonal for ALGOUSDLeading Expanding Diagonal (3-3-3-3-3)
Rules:
Wave 1 shorter than Wave 3
Wave 3 shorter than Wave 5 (sets 7$+ target for Wave 5)
Wave 4 must overlap into Wave 1 territory
Can overshoot or undershoot the top trendline
Additional comments:
Local bottoms seem to be equally spaced according to time cycles;
Stochastic RSI is deeply oversold on all major timeframes (Daily, 3D, Weekly and Monthly)
It might go lower than current price but a major move to the upside should be starting soon
There's also a lot of fundamental bullish news for Algorand in 2022
This chart is for educational purposes only, it's not financial advice
2017 repeat? Look at XRP 2.0Unbelievable. Look at xrp in 2017 From September 2016 till May 2017. Fractal is a bit out of place but still
ALGO setup- Green zone = weekly support
- Touching 4H resistance
- EMA crossover imminent
We have to break the monthly open, which has confluence with our resistance zone. If we do, I'll enter a position on the retest.
ALGONot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Algorand is going to shock the worldAlgorand is long overdue a real bullrun.
After completing an accumulation phase, followed by a distribution, followed by a reaccumulation phase, and a redistribution wyckoff event, what comes next is a complete mystery, but xrp skyrocketted after a similar pattern. That time xrp ballooned from half a cent to 45 cents by May of 2017. Recent glitches on tradingview show a sudden spike in total2 as the marketcap excluding Bitcoin takes on 3.5 to 4 trillion dollars first leg up, while btc.d drops to 17% another glitch, one of 7 in the last 2 years. XRP.D also temporarily hit 0.80%, it shows a very similar pattern to the start of 2017 which is very strange because Bitcoin dominance is also showing the same pattern as the end of November 2016. By now, it feels almost as if everyone gave up on Algorand because it didn't print any ROI since inception and listing price at 3.3 dollars. What if, just saying, what if, the real run is very near, April 1st most likely if not sooner. It feels like a 2016 end repeat. Be on the look out.
Algorand Analysis 28/02/2021it seems that this Crypto has done its retracement and now preparing for impulse wave
there total of 2 TPs
1 TP seems to be very viable
Algo going back to 1$ ?BINANCE:ALGOUSDT
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Possible Targets
➡️Test fundamental price 1$ and global support trend line
➡️ Retest on D1 downtrend fib line
➡️ Retest 0.23 level FIB to make a continuation move UP
➡️ After retest target by end of Bull Run 5.52$
➡️Pattern since 2019 cup and handle already played.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Algo Buy Setup Algo is Ready to Fly Again..
Entry below 1.800
Targets.
1.9600
2.2000
2.5000
2.8000
3.2000.
Stop loss :- 1.5900
ALGOUSD Fibonacci CircleI have drawn up some Fib circle describing a bullish move to a spot that has been a previous trend rejection point (red ovals)
Price comparison points can be drawn between the green ovals
Major trendline in bold white line
The Cup and Handle pattern is an addition that supports the bull idea
$ALGO cup and handle pattern since 2019BINANCE:ALGOUSDT
Look at this cup and handle pattern forming since June 2019. This is perfect TA pattern which give us potential move upside to 5.50
(1.618 Fib) Also we just trade exactly on 0.5 level FIB in monthly timeframe . In local timeframe we have a higher low and lower hight so we are forming triangle with potential upside break out. Target of this break out 3.42. Since September 6, we trade also on 0.5 level FIB. More details marked on chart!
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
Disclaimer: Please be aware of the risks involved in trading. This video was made for educational purposes only not for financial Investment Purposes.
ALGORAND- Dancing with El Salvador & Switzerland🕺 (p4)21Shares Announces Listing of Polygon, Avalanche and Algorand crypto ETP on SIX Swiss Exchange
Algorand price soared over 50% to new two-year high
Algorand (ALGO) — the native cryptocurrency of the Algorand blockchain — soared 50% from just under US$1.70 noon Asia time today to a new two-year high of US$2.66, according to CoinGecko data. But the surge was short-lived, with ALGO currently trading just under US$2 as of publishing time.
Fast facts
Algorand’s surge came as Korean cryptocurrency exchange Upbit announced the listing of the South Korean Won (KRW)/ALGO trading pair on its platform. Upbit, South Korea’s first licensed crypto exchange, dominates the Korean crypto market with a market share of over 80%.
Algorand is an open-source, public, blockchain-based network that supports a wide range of applications. The blockchain, which was launched in June 2019, uses a “pure proof of stake” (PPoS) algorithm invented by its founder Silvio Micali, an MIT professor.
In September, Algorand crossed the US$2 mark for the first time in two years following news that Koibanx, a Latin American asset tokenization and blockchain financial infrastructure company, had signed an agreement with El Salvador to develop its blockchain infrastructure on top of Algorand’s technology. Algorand has also been expanding its use cases in decentralized finance (DeFi), non-fungible tokens (NFTs) and central bank digital currencies. The blockchain currently has over US$80 million in total value locked in DeFi protocols, according to DeFi Llama.
Algorand is currently ranked the 19th-largest cryptocurrency with a market cap of US$12 billion, according to CoinGecko data.
Algorand’s Decipher event, which brings together Algorand’s developers, investors and stakeholders, is scheduled to take place from Nov. 29 to Nov. 30 in Miami and online.
Someone might have done us a favor today, dumping it after such an increase in price. It looks like it will start Pumping again!
Go ALGORAND!
the FXPROFESSOR
ALGO doing the move ?
ALGO seem to be breaking out of his triangle but i would stay cautious as long as we don't have a daily above 2.05$.
If it does close above then the plan would be to buy any retest of 1.95$ and target 2.5$ as 1st TP which would be what i would play since MACD daily is turning bullish.
If it close under then we would need to rethink the upper trendline of the pattern perhaps and exclude the price action of 10 to 12th september which is missleading.
Ideally we want a daily close at 2.1$ so both trendline would become potential support combine with the current resistance area 1.95$/2.05$
Let's see how this will play out
ALGO BREAKING OUT OF FLAG!VERY solid fundamentals on this one, long term price has been flowing in impulse moves upwards with consolidation flags in between. Price is currently in a squeezed flag and is testing our breakout area
- need to see a 8h - 1 day break out of flag and resistance area
- will want to have a Bollinger band beak
- first take profit @ 1.618 fib extension level
- stop loss placed below area of volatility in current consolidation area
#Algo tries to break out it's stong resistancethere is 2 possible scenarios : Success break out the triangle and pump to target levels or breaks down the support at 1.7
and retest 1.6 and 1.25
My idea is uptrend scenario and waiting for good entry point after success break out
Polygon/Matic- Next Leg Up!Coinbasepro: MATICUSD
4 hr chart
Matic is poised for continuation after breaking symmetrical triangle on the 4hr chart.
- Mac D indicates buying pressure is increasing.
- The Rsi has broke the downtrend, currently in a bullish reversal.
Profit Targets:
TP 1- $2.09
TP 2- $2.25
TP 3- $2.40
stop loss- $1.60
