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Algousd

ALGO/USDT - Possible Bullish W PatternHello traders and community, today we will tell ourselves shortly about the situation of ALGO/USDT Trend analysis - As you can see from the ALGO/USDT daily chart, the price of Algorand coin is started to moving higher cause of volumes and possible bullish double bottom pattern (blue line on the chart) and also from the month chart we can see cup and handle pattern, that's why we as traders can expect with 60 possibility bullish movement in the following days and try to put long positions (white line on the chart). I recommend to wait for trustworthy signals (confirmation) and only after it put trade positions for upper movements to 1.8543 price level. Today's resistance level (first red line) is on 1,4596 price level, support level (green line) is near 0,8384 price level and global trend (oranga line) still remains bullish enough. Wish you good luck with your trades and more information about trading this crypto token will be provided later! Chart pattern - Bullish Double Bottom Pattern (processing) - Cup and handle (processing) Technical indicators - RSI: market is still in boarders and is located near 60 level (not overheated, Bullish signal) - MACD: MAs are prepared for upward movement + they started moving closer to each other (Bullish signal) - BB: Volatility of the market started increasing after volatile movement accomplished (Bullish signal) - MA (10,20): MA10 is above the level of MA20 and going up (Bull signal) = Overall bullish signal movement Dear friends, please push the like button, write comments below, follow me for more technical analysis and share this post with other traders - that would be the best support, Thank you for your attention! Tell us about your opinion for making better decisions :) P.S.: Information provided is only educational and should not be used to take action in the market.
Long
by PrizesRises
ALGO - One More Confirmation To Shoot!ALGO is overall bullish from a long-term perspective and it is currently in the corrective phase. Since it approaching a demand/support area, we will be looking for buy setups to catch the next impulse. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? ALGO formed a channel in blue and broke it upward, then got stuck inside the red channel. So for the buyers to fully take over, we need to see a break above the previous swing highs. Our upper red trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above the gray zone. Meanwhile, until the buy is activated, ALGO would be overall bearish and can still test the green demand/support zone before going up. In this case, we will be looking for new buy setups to form. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
COINBASE:ALGOUSDLong
by TheSignalyst
51
ALGO/USDTSeems like ALGO is pushing up the price just like the other main coins. Right now it's pushing up the Bollinger Bands and is considered a very powerful uptrend. You can easily get this but first we're gonna have to wait for this coin to confirm and close a 4H candle above the resistance. After that it's pretty much safe to open long positions. (Unless Bitcoin starts to fall) -This area is a very powerful resistance for this coin. it got rejected from here too many times; so be careful- Good Luck 🎲 Tell me your ideas. Like and Share 🗣✅ Comment if you need a chart 💬
by ShawnMCR
2
Algorand LongAlgorand is a sleeping giant. We have seen Polkadot, Cardano, and Eth explode but we haven't seen Algorand make a huge move? I think it's overdue for it especially when people start to realize its superior to the coins listed above in certain aspects and it has the potential to be used commercially. It could also be used for derivatives and completely revolutionize the monetary system within those ecosystems resulting in cheaper and faster transaction settlement that doesn't require a middleman. This isn't financial advice but I'm balls deep in Algorand. KRAKEN:ALGOUSD
KRAKEN:ALGOUSDLong
by OG-Hunter
11
Will ALGO/USDT make the bullish movement?Hi every one ALGORAND / TETHERUS ALGO/USDT is in a ascending triangle with which means the price can increase as much as the measured price movement (AB=CD) but there is no break out for this pattern yet so we have to wait for the upward break out! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
17
ALGOUSDTI was asked to publish a chart about ALGO. This coin is following Bitcoin, just like the other coins... so any forecast about it can be ruined by bitcoin because -BTC is close to a big resistance right now and can cause a crash-. But about ALGO: This coin hasn't been on the top charts of Binance for a while now and it's been doing a good consolidation. A few hours ago it got supported and bounced back up by the lower Bollinger Band and the 0.786 fibs, There's only one weak resistance on the way up. I would advise you to wait for a confirmed breakout and then open long positions. Again: Watch for Bitcoin, the market is shaky right now!
by ShawnMCR
2