Algorand could breakout anytime$ALGO has been lagging behind in price action lately, after a pullback from it ATH of $2.50 level.
A symmetric wedge is currently forming on the daily chart, and with Bitcoin being pumped about 15-20% since last week, it time for money to enter alts.
With excellent technology and fundamentals $ALGO is comparable to the likes of $ADA (Cardano) which currently captures approx 70B market cap.
Short term: ATH coming soon, Medium term: I see $ALGO going up to $8-$10
Algotrading
$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!
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Disclaimer: Please be aware of the risks involved in trading. This video was made for educational purposes only not for financial Investment Purposes.
Huge Opportunity on ALGO 🚀ALGO looking absolutely great, after being in consolidation for a long time is ready to PUMP.
Looking extremely good, just need to wait for clear breakout with a good level of volume. In the meantime the massive ascending triangle will still going on, the more times we hit the resistance, the more likely it is that we will be able to break it and hit a new ATH.
This will be broke in the next few days/weeks (max). As soon as we breakout this resistance the price target would be around of $2.6 and as you know after breaking ATH there is no resistance 😉. If we use the Fibonacci retracement the targets would be $3.2 and $4.3.
Please guys be cautious but don't miss this awesome opportunity.
ALGO Moving in Symmertical TriangleSo here We're , Algo after the big move moving into the summertical triangle and now on the Good Support , So Just Wait to Volume and after Breakout the triangle , you can buy it , Please Share your Idea about this chart
NOT FINANCIAL ADVICE
HAVE A GOOD TIME Fellas
ALGO/USDT (daily chart)The algorand coin (ALGO) is facing a major resistance at 2.04$ closing the daily candle under this resistance will give us a chance
for a good entry at 1.89$ and 1.85$. confirming the breakout by closing a daily candle above the resistance at 2.04$ will move
the coin toward the targets shown in the chart.
ELFUSDT 1H: Possible LONGELFUSDT 1H: Possible LONG
It is possible for the level of 6.000 to be reached after breaking through the level of 5.800.
ANTUSDT 1H: Possible LONGANTUSDT 1H: Possible LONG
A rebound from the 4.800 level could lead to further growth up to the level of 5.400.
I'm in a GBPAUD short ↘️👍We are using our POW reversal strategy for this trade a GBPAUD short.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous long trade can also be seen on chart.
Current trade is in slight draw down at time of writing but we stick to the proven plan.
How do we know the plan is proven? Report box at foot of this trade idea shows built in strategy tester results.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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Thank you.
Darren