Algorandusdt
Algorand ALGO-USD Ascending Triangle - Bullish ScenarioPossible scenarios I am looking at:
1. BO of Ascending Triangle
2. Consolidation before the next leg up to ATH
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
ALGO upside targetsALGO has been consolidating range bounded between 1$ to 1.8$ for the last 2 months. Expecting big upside movement if consecutive daily candles close above 1.8$.
Based on the cup pattern and fib expansion from the last impulsive wave it could hit somewhere between 3$ to 7$ if BTC remains bullish.
The 2nd Best Day to Buy Algorand, 2017 repeat, start of 2nd WaveIt's all been said and done, Algorand shot up from 23 cents to 1.88, printed a double top and finally met a bottom around 90 cents. It's been slower than initially expected I'll admit, but nothing has changed. Now we're going to flat line and shoot up the next leg up to 5 dollars, correct to 2.70 twice and continue to 17 dollars. Bitcoin on the other hand is printing a very similar pattern to the one it printed last September 2020 and September 2017 when it bottomed around 9800 and 2.8. This could suggest the next 2023 bitcoin bottom is around 52k as it heads towards a million dollars for the first time in human history. If the trend continues as it has so far, expect to see a 300k bitcoin around December of this year and an algo price of 113 Dollars early 2022. Great accumulation phase around 5 to 17 dollars range for months to come, very similar to the time XRP hit 45 cents and accumulated all 2017 after that between 15 to 30 cents. Follow On Course Until Successful. This is the year of the Bull. Massive life changing gains ahead.
Two opportunities to buy low. Double bottom on the 15 minute timeframe followed by a small M coming up next, least you know it, KABOOM!!!!! Buy at 9 pm eastern time today!!!
The most bullish news Algorand has had will be announced early next week. Stay tuned!
ALGORAND SLOW BUT SURE !After much altcoin make ATH in the past first waves, and correction drop to 40 - 60%. Now altcoin make new session pump 2.0 (Exp : BNB, EGLD).
And dont forget, in this alt session 2.0, altcoin which have pair btc still in bottom, in this April they will recover since crash 2018.
Algo is good invesment for long term and no doubt for they fundamentally, for this moment 1.7$ is easy for get take profit (Look there are bull flag in the hidden RSI).
Anyway, this only personal prediction, not financial advisor ..
A unique ascent await For Algrand If Algrand can break the ascending triangle.
It will have a resistance of 1.45
and after its defeat we expect to climb 42%
The fundamental reason for this situation
may be related to the launch of more than 4m NFT
In this situation, the triangular floor is the best place to buy
Do not forget Mony managment
Algorand flipping long term resistance into support, plus cup.Algorand seems to have formed a beautiful cup and is now flipping resistance into support. Long ago the company projected a $2.50 price target for this summer, and the pattern and project is right on track to reach those targets. Very bullish on this coin. Any vets agree/disagree?
Waiting for Algorand to climb
Algorand formed a symmetrical triangle that was able to break the triangle and climb to 1.45 and hit a pullback and is now at an important point that if it proves itself above the resistance will meet the expectation of climbing to 1.50 and also Due to the broken triangle, expect good climbs until mid-April
Algorand [ALGO] Structural developmentsHi everyone,
We are currently looking at the Daily chart of Algorand. There is a noticable price action within the current trend:
> Breakout
A Trend often starts with a strong breakout in combination with the right volume (see beginning of January)
> Channels and structural formations
After a breakout, the trend is situated within a channel where relatively small to deep pullbacks can occure. The channels can form structural formations as ascending-descending triangles, wedges,... These formations can extend the channel or evolve into a trend reversal
> Trading range with reconsolidation
The market is not trending in this range, it is moving between its support and resistance levels waiting for the momentum that can lead to a breakout (it often fails). Always keep in mind a reversal can take place!
Algorand is currently consolidating within its bullish triangle formation. If we can realize a breakout above the upper-boundery of the ascending structure, there is potential other important levels can be tested.
As I always highlight, a combination of good volume and right price action is required to confirm this.
Strong fundamentals:
- Unmarsh partnership enables developers to easily build high performing applications on Algorand
- SIAE launched 4M+ NFT's on Algorand
- Chainalysis integration
- Swingby protocol Skybridge integration
- SimpleSwap partnership
- Republic note build on Algorand
In case we fall below the lower grey trendline that acts as support, above set-up will be invald
🌜 If you enjoy this idea, please like and leave a comment 🌜
This is not financial advice
ALGO/USDT : Moving into ascending channel BINANCE:ALGOUSDT
Hello everyone 😃
ALGO is moving into ascending channel.
There's a located resistance line at current level which chopped ALGO.
It had a rejection from bullish trendline and now there's a possible rejection to support zone again !
But overall is bullish...
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
+85% for Algo easily in the next daysNow currently trading at $1.29
✅ Buy: 1.3 - 1.2 ✅
🎯TARGETS:
1- 1.68 ( 40 .2%)
2- 2.20 (84.1%)
💵 Trade Size: 5-7% of Portfolio
🚫 Stoploss: daily candle close below 0.8385
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Thank you.
Amazing deal with high profit on ALGOUSDT for near termBINANCE:ALGOUSDT shows a clear breakout above resistance trendline of an ascending triangle and retests the last support at 1.29$, according to several analytical tools and indicators the road is open to these levels:
level 1: 1.84$
level 2: 2.37$
level 3: 3.24$
level 4: 4.09$
Stop-loss level is closing 1 daily candle below 1.18$
Good luck in your trade...!
ALGO/USDT : Seems bullish in mid-term overview BINANCE:ALGOUSDT
Hello everyone 😃
ALGO is moving above bullish trendline and Indicators are showing positive now.
Also Volatility had a bullish breakout and now MACD is bullish...
By the way, There's a pressure zone which is located at current level.
ALGO had a breakout from EMA 100, so It could be a good support for it..
📌 There's a possible chance for BTC to do some correction on mid-term !
It's not a good time to hold your positions more than 4 days; We advice to do scalping rather than holding !!
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ALGOUSDT ALGOUSDT (4H CHART) Technical Analysis Update
ALGO/USDT currently trading at $1.169
Long Entry-level: $1.10 - $1.17
Stop loss: Below $0.97
Target 1: $1.24
Target 2: $1.38
Target 3: $1.50
Target 4: $1.75
Max Leverage: 2x
ALWAYS KEEP STOP LOSS...
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