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Algousd

Possible 10-30% Gains on ALGOOverview - Overall has been making a nice rising structure which has the potential to take off towards the current last high. I spend the hours getting free trade set-ups for USD pairs so you don't have too. Don't miss out and Follow! Let's start from the top! Price Chart - 4hr chart with 20/50/200MA's to help indicate future supports and resistances - Currently, ALGO is respecting the 50MA so this yellow line can be used as a support - Is possible ALGO is in the last stage of the inverse H&S where it does a small accumulation, and once complete, it could be breaking the green trendline indicating the neckline to send it to higher prices - If you wanted to be really low-risk you could wait until the price touches the red trendline or if price retouches the 50MA to reduce your risk RSI - RSI value looks great as the value is not overbought or oversold so has plenty of room to grow - Could be forming a symmetrical triangle and once the green resistance line is clearly broken, could indicate that it's breakout time Stoch - Stoch value is high but last ATH this value maintained high values so this could be the case here BTC NOW - Text explains chart Extra Info - Learn about ALGO here: algorand.foundation - ALGO VOLUME: coinmarketcap.com If you enjoyed this analysis or learned something new, please LIKE this idea 👍 FOLLOW for free trade set-ups and helpful trading strategies 🏆 Would also like to know your thoughts! Remember this is not financial advice , however, it is an overview of what I am seeing in this coin's price action. -Happy Trading MoneyGrind
COINBASE:ALGOUSDLong
by MoneyGrind
2
ALGO pullback than pumpThere are big possibilities we could see some pullback here due to RSI on 4 hour and below already on overbought area. I see some big support around 1 USD and 0.9 cent area. This could a great place to long. Daily RSI almost reach overbought area but lower TF will make a correction. I see hidden bullish divergence on daily. We will see some pump if BTC going sideway or dint dump. But there are possibilities we could go lower due to volatility of BTC . If BTC crash from here, we could see ALGO will follow to dump.
Long
by crash123
ALGO channel top once againAlgorand looks to be testing the top of an ascending channel (red dashed lines) once again similarly to how it did at the end of March. A break here could be a great sign for ALGO as it could signal a new ATH , but there is also bearish divergence forming both on the 4-hour chart (blue lines) as well as on the daily chart . If resistance holds here, it could send the price sub-$1.20 if the bottom of the channel gets tested next. Additionally if channel support fails, it could send the price sub $1. Ultimately any price changes in BTC could easily influence the direction over the next day, so there is much uncertainty here, but also much potential for the trend to change in either direction. ALGO looks to be interesting to keep an eye on either way over the next few hours/days.
BITTREX:ALGOUSD
by crypto_trends
2