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Algousd

Lambo Season!!! $ALGO $ALGOBTC $USD #Algorand #Crypto Weekly Looking at our highest timeframe we see ALGO has never seen a bull run, and already shows some great upside potential. Support found at $0.18 and has remained in an uptrend since. Price has retraced about 30% since making a higher high at almost $0.5200, this week’s candle looks like it has bounced off our previous breakout zone. Some in the crypto community compare ALGO to ETH and XTZ, could we see possibly see the same price action as 2017? Weekly (zoomed in) Taking a closer look at our trend timeframe we see price continuing to respect structure, this week’s candle currently testing our $0.37-$0.39 support zone. A weekly close above this zone is a good sign we will continue the trend. Daily Shifting over to our pattern timeframe we see previous higher highs and higher lows, along with the stochastic rsi showing momentum is in favor of the bears from our previous sell-off from $0.50. Price is now testing dynamic support and our major support zone. No daily confirmations of a reversal yet, however yesterday’s candle left a nice size wick, and today’s daily candle is starting to take shape. Some possible early signs the short term bears are getting tired. 4Hour Finally looking our trigger timeframe we see ALGO has closed above our 4hour support after testing (2) times. Another possible retest is possible, before continuing to the upside, stochastic rsi showing momentum has bottomed and we could be seeing the bulls make another run. Another 4hour close above $0.3750, with some risk management could be a solid early entry before continuing our 2nd leg. A close below this level means we continue to our $0.3400 zone. If this is being compared to ETH and XTZ before the next mainstream wave kicks in, now is the perfect time to start averaging in before hitting Lambo season!!!!
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649
Algo - Similar Pattern forming Yes, the drawling is amateur, to say the least, but the best predictor for the future is many times the past. Algo has shown us it likes to peak and then peak higher as shown in the chart. The two areas I have circled both exceeded the angels I used for the four peaks highlighted. While we would all love to see the coin continue upward, and it might, I think we may be wise to consider alternatives. Even with this chart, it should be noted algo has a huge upside and with enough support, there is little in terms of resistance lines above. The coin is not acting in total congruency with BTC as we usually see but this has not held up long enough to be eliminated.
COINBASE:ALGOUSD
by jlewis4833
ALGOUSDT forming bullish Shark | Upto 79% bullish move expectedAfter successful formation of bullish BAT now the Priceline of Algorand / US Dollar cryptocurrency is forming bullish Shark pattern and soon it will be entered in potential reversal zone. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. I have used Fibonacci sequence to set the targets: Buy between: 0.1998 to 0.1681 Sell between: 0.2326 to 0.3011 Regards, Atif Akbar (moon333)
Long
by moon333
1
Algo bullish reversal most likelyAlgo is looking to make a bullish rebound. On two previous occasions we saw the price in a downward 12345 wave while the RSI was reversing during the same time and the OBV was bottoming. We may see a similar event soon with the current wave in the 5th wave and will test the diagonal support (most probably with a wick). The RSI and OBV are showing similar structures as before. Note: This is not financial advise. Please do your own research.
COINBASE:ALGOUSDLong
by CryptoPaily
Algorand - signal by EXCAVOI have been following this coin several months ago, when I saw that the volumes were coming, from that time the coin was moving in a horizontal trend, or I would say in the accumulation zone. I already made a profit with this coin Why do I think this coin will grow? 1. Because it is a Proof of stake coin and large coin holders, I think they will not sell it 2. Because the price of a coin fell in price by 93.7% 3. I see the accumulation zone of this coin 4. this coin is on the binance and it is new, and I did not see the pump, it means that it will be;) This coin is in my top coin list for midle period of time. Best regards EXCAVO
Long
by EXCAVO
7
Algo 4H breakout - Now consolidation to distribute ordersAlgo broke its trend heading down on the 4H..nothing significant which tells me we are still heading down in price. Buyers can't get a grip yet and that is def. due to the buying power of BTC right now. Investors are tossing thousands of bucks into BTC at the moment. Alts tend to have effect with this in both positive and negative manners depending on how an individual tackles their asset. If they're spot trading or futures trading? While price gets pushed around here in the coming days Algo will too.. I expect some kind of consolidation zone here at these levels to prepare for an impulsive move up heading into next year. The technology is way behind compared to assets such as ADA or XRP. Which means we have time to load up at the prices we can afford as day traders or long term traders. The real question is...how long can you follow your investments fundamental growth without looking at the price everyday??? ;) Stay safe everyone..and always do your research on your investment. Dive deep.
by AschraM