Get started

Algousdc

ALGO's wave 5 could gain some significant ground here soon!ALGO has been doing very well the past month or so, and is looking to do even better here shortly. The current wave 5 is generally the most explosive, and largest gaining. Although, the price action looks like it could potentially drop closer to the lower trend line (white line). This line has held very well so far since this uptrend started, and the wave pattern will continue to stand as long as the price action doesn't drop below the wave one high. If the wave 5 plays out properly we could easily see ALGO run into the mid .40's. Good luck, and always use a stop-loss!
BINANCE:ALGOUSDLong
by MetaShackle
Algo Breakout has occurred. What am I waiting for?Traders, Algo has broken the triangle definitively. But I hesitate to enter for several reasons: 1. That 50 day coming down hard 2. Still not above .227 cents level 3. Need at least one confirmation candle on the daily above .227 and preferably above the 50 day ma. 4. Still expect BTC to draw back more. 5. Headed OOO for the next week and a half and I don't want to be tracking trades during this period if I don't have to. I wouldn't blame anyone who follows me to want to enter here. I am just not. Yet. Stew
by stewdamus
2
Expanding Diagonal for ALGOUSDLeading Expanding Diagonal (3-3-3-3-3) Rules: Wave 1 shorter than Wave 3 Wave 3 shorter than Wave 5 (sets 7$+ target for Wave 5) Wave 4 must overlap into Wave 1 territory Can overshoot or undershoot the top trendline Additional comments: Local bottoms seem to be equally spaced according to time cycles; Stochastic RSI is deeply oversold on all major timeframes (Daily, 3D, Weekly and Monthly) It might go lower than current price but a major move to the upside should be starting soon There's also a lot of fundamental bullish news for Algorand in 2022 This chart is for educational purposes only, it's not financial advice
COINBASE:ALGOUSDLong
by Stricken
5
ALGOUSDT, Are we repeating the previous cycle ?Hello everybody According to the chart you can see the price was done the cycle and now because of the distance of the price is a little far from static support line that we shown on chart (Yellow Box), We expect the price is coming to impact to the trendline support area then it can repeat the cycle and we are in the beginning of the cycle. But if the price can not support from the trendline support zone its ready to drop more and break that support and reach to our static zone (Yellow Box). The trend of the ALGO is upward adn we are only be in position according to the trend :D Previous analysis : If you have any question ask us in private Good Luck Abtin
Long
by Abtin00
Algorand [ALGO] Structural developmentsHi everyone, We are currently looking at the Daily chart of Algorand. There is a noticable price action within the current trend: > Breakout A Trend often starts with a strong breakout in combination with the right volume (see beginning of January) > Channels and structural formations After a breakout, the trend is situated within a channel where relatively small to deep pullbacks can occure. The channels can form structural formations as ascending-descending triangles, wedges,... These formations can extend the channel or evolve into a trend reversal > Trading range with reconsolidation The market is not trending in this range, it is moving between its support and resistance levels waiting for the momentum that can lead to a breakout (it often fails). Always keep in mind a reversal can take place! Algorand is currently consolidating within its bullish triangle formation. If we can realize a breakout above the upper-boundery of the ascending structure, there is potential other important levels can be tested. As I always highlight, a combination of good volume and right price action is required to confirm this. Strong fundamentals: - Unmarsh partnership enables developers to easily build high performing applications on Algorand - SIAE launched 4M+ NFT's on Algorand - Chainalysis integration - Swingby protocol Skybridge integration - SimpleSwap partnership - Republic note build on Algorand In case we fall below the lower grey trendline that acts as support, above set-up will be invald 🌜 If you enjoy this idea, please like and leave a comment 🌜 This is not financial advice
by M00N_BEAMS
6