Zoom In, This is called patience. What awaits Crypto Market and Algorand.
It's just the beginning, and we might indeed be in the end of a cycle and a beginning of new one. You can't be in Crypto for just a year or two. This is just the start of what expects this market in the future.
“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.” - Warren Buffet
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Disclaimer .
Do NOT trade or invest based upon the analysis presented on this channel. Always do your own research and due diligence before investing or trading. I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy, sell, long or short any asset, commodity, security, derivative or cryptocurrency related instrument as it's extremely HIGH RISK! You should always consult with a professional/licensed financial adviser before trading or investing in any type of assets.
ALGOUSDT
ALGO Ascending 🔺️👇⚠️👇Hi dear traders
The price has formed an ascending triangle pattern.
If it does not break the 0.29 resistance area, the price can go down to the specified support area.
If the resistance is broken, the price can rise to the 0.27 area.
Wait for confirmation and failure to enter.
EMA100 has the role of resistance.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Algorand (ALGO) - November 28Hello?
Traders, welcome.
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Please also click "Boost".
Have a good day.
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(ALGOBTC 1W chart)
In order to get the power to rise, it must be supported by rising in the range of 0.0000 1970 to 0.0000 2452.
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(ALGOUSDT 1W Chart)
In order to continue the uptrend, it needs support by rising to the 0.4253-0.6132 zone.
To do so, the key is whether it can rise above 0.3310.
(1D chart)
We need to see if the price can sustain it by moving above 0.2651.
If not, you need to check if there is support around 0.2140.
Since the HA-Low line is located near 0.3101, it should either move sideways until it declines or swing it up and down to make it fall.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If this chart is shared, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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ALGO bullish divergence 👇💯👇💯👇Hi dear traders
As you saw in previous analysis we take profit 📈 full target ✅.
Now we can see bullish divergence.
I expect price bounced to near EMA20 before move down to 0.18 support area.
We can take some profit.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
ALGO Bearish Flag 🚩?🚩?🚩?🚩Hi dear traders
As you saw in previous analysis we take profit 📈.
The price has formed a bearish flag.
If it loses the 0.26 support on the daily time frame, I expect the price to drop down to the 0.2444 and 0.2306 area.
Wait for a pullback to the 0.271 area to enter.
This area should be tested as resistance and the pattern confirmed.
Waiting ✋ for confirmation.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
ALGO Loading up for a move! Here's a quick look at ALGO 30 min chart. As we can see, the price has been forming a symmetrical triangle and we will see a breakout soon! Keep an eye on this setup!
The best entry would be when the price breaks above 0.302$ with a good amount of volume.
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The idea is: Buy when the price breaks above 0.302$ and take profits at the levels shown in the chart.
Targets:
1. 0.306$
2. 0.31$
3. 0.327$
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What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure.
3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
ALGO's remarkable growth!ALGO has registered a growth of 11% in the last 24 hours. The price of this currency, which is in a range trend in the daily time frame, broke (fake) its support level in the range of 0.26 to 0.28 dollars. The support of buyers has led to the return of high prices in this area. Therefore, we expect a good reaction in case of a pullback to this area. The overall trend momentum is still bearish, and there is selling pressure in the market. The price trend of this currency is upward in the 1-hour time frame, but considering the range of the trend in the 4-hour time frame and the resistance in the range of 0.32 to 0.33 dollars, we expect a negative reaction to this range. For the next week, if this currency returns above the range of $0.36, it is likely that we can see an upward trend in the 4-hour time frame.
ALGO and World Cup 2022Algorand (ALGO) looks promising in terms of growth. Cryptocurrency blockchain has been chosen as the official FIFA platform, launching an NFT marketplace for fan tokens last week. The football theme can be a constant driver of growth in the ALGO rate, given the World Cup starting in November.
While we were going to write you a review, the ALGO has grown by 4-5%.
We have a sharp dump on the news about FTX like all coins.
We have collected liquidity below support and are now trading higher which is a good sign, we are also seeing sell culmination.
On fundamental news we expect growth with targets of $0.34 $0.4 $0.47
The most positive scenario - growth $0.68
Cancellation of the scenario - price drops below $0.25
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What impact will the World Cup have on Algo's price on your opinion?
Trading opportunity for ALGOUSDT AlgorandBased on technical factors there is a Buy position in :
📊 ALGOUSDT Algorand
🔵 Buy Now 0.2880
🧯 Stop loss 0.2552
🏹 Target 1 0.3290
🏹 Target 2 0.3985
🏹 Target 3 0.4630
💸RISK : 1%
We hope it is profitable for you ❤️
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