ALGO 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
Algousd
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
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
#ALGORAND #ALGO possible targets for 2021#ALGORAND #ALGO possible targets for 2021
TARGET1: 3.3 $
TARGET2: 5.6 $
TARGET3: 8 $
TARGET4: 12.2 $
STOP LOSS: 0.70 $
Algo - Bullish Ascending TriangleAlgo is on the verge of breakout, nice long opportunity once it breaks the neckline.
ALGO 1H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signa
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!
ALGO LongI continue to hold the long position of the ALGO coin. Plus I bought some more. I plan to sell it when it grows 4-5 times.
ALGO: BullishHello Investors and Traders,
Bitcoin is essentially moving up slowly setting in March high. This mean alts will get a chance to run up. Algo just broke a clear resistance on the 4H and the downtrend line as well. I am looking for Algo to retest 1.40 and higher with this move up.
Let me know what you think.
ALGOUSDT (Waiting for the Resistance Breakout)ALGOUSDT (4H CHART) Technical Analysis Update
ALGO/USDT currently trading at $1.20
Buy-level: Above 1.21 (only if 4-hour candle closes above the resistance line at 1.21$)
Stop loss: below $0.89
Target 1: $1.50
Target 2: $1.77
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
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ALGOUSD (ALGORAND) - POTENTIAL BUY ENTRY ANALYSIS 🔎
- ALGOUSDT brokeout above descending trendline resistance.
- Price action is printing an ascending triangle pattern.
- This is a bullish build up pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the ascending triangle's horizontal resistance.
TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.
ALGOUSD Last chanceI feel like this is the last chance you have to load up on Algo before it takes off out of this pattern to revisit the all time high around $1.85. Huge gains here!
-= Happy trades and good luck! =-
*This is not trading advice
ALGO this is a profitable coin!Reason why Algo is good investment. It's giving a 6% interest rate of what you invest one of the highest interest rate.
XTZ also give you a interest rate of 4.6% which started before Algo and hit to $5.60 per share. ALGO will surpass XTZ quickly as XTZ is currently only $3.60
Target over $5 dollars in the long term.
Follow for more analysis.
ALGO just needs timeinverse head and shoulders
at the bottom of a .618 retrace...
jumped the creek
backtested several times now
super easy stop loss...
Algorand (algo) Set for potential 70% growthAlgo has broken downtrend, if this springboards algo up we could see it retesting previous highs with potential for 70% gains. I have opened a trade at this point
If algo fails this move up we could be looking at a drop down to 70cents.
Algo is a fantastic project with a lot of potential and one of my favourite coins to trade.
This is not financial advice
Please like or follow if you enjoyed this analysis
Whatchu wanna do ALGO?!?!Which side will ALGO break to? We can only compress for so long!
Upside: If we break to the upside we need to clear $1.37 for a nice slingshot up
Downside: More consolidation ranging between $.75- $1.02 aka BTFD
ALGO in an interesting situation, 25-50% upside on the decksNot yet seeing higher highs, but at least higher lows.
Bulls already tried to break out of the downtrend (red line), but got rejected - third attempt could possibly be successful now.
While breaking the downtrend (red) we are also facing to break the 0.236 FIB between all-time high (1) and most recent low (0) which led to an upward-movement since February 23rd till now.
My Buy will be at 0.99 USDT
TP1: 1.248 USDT
TP2: 1.370 USDT
TP3: 1.491 USDT
Breaking the purple uptrend-line will negate the uptrend we´ve had in the past week and could lead us back to the most recent low (0.84 USDT)
No financial-advice! Good luck!
P.S. P.S. No Binance-Account yet? accounts.binance.com
ALGO RetraceRetrace from a high
Head and Shoulders pattern can be seen in the middle of the expanding structure (a,b,c)
Using the fib circles still to find resistance and support areas (resistance areas in red, support in green)
