ALGOUSDT
ALGOUSDT|Bull trap or Pullback? Ending Diagonal Wave ProjectionPrice action and chart pattern trading setup
> Falling Wedge Ending Diagonal - Bull Trap or Pullback?
> Entry @ downtrend line breakout of wave 2 and wave 4 or SMA50 zone
> Stoploss @ the lowest minor wave iii/v estimated position - downside limited for final wave 5 -10 - 15% and can be truncated
> 1st target at wave 4 position for short term trade and wave 2 position for the medium term. SMA200 is the key dynamic resistance
> RRR: 2:1 for short term and 3:1 for medium term
Always trade with affordable risk and respect your stoploss.
ALGOUSDT 4H TA: In the ChannelAlgousdt In the 4-hour timeframe, it is in a downward channel, which is thrown up by reaching the floor of the channel with strong support. It currently has a price range of $ 0.8 for canal roof resistance and static resistance, which can grow again if it can pass through this area with strength. Otherwise it is possible to correct by reacting on the resistance up to the midline and the bottom of the channel.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
Algorand is a very long term investmentYou either love it or you hate it, look at Apple, it took 45 years. Now I'm not saying algorand is a scam but just imagine how much a single Bitcoin is going to be worth around 2029, probably 6.5 million dollars. To think how much that is in Satoshis on Algo/BTC pair is ridiculous, 0.0001 at best. Is this coin really worth it? I swear this start up belongs to Nasdaq, not crypto.
Algorand (ALGO) path back out?Accountability? Agh. I know that I should remain neutral on this one for ALGO, just to keep a decent batting average 'round these parts ⚾️ for ol' Algorand.
Nevertheless, i am STILL bullish on ALGO.
This coin is going to have a gigantic breakout in the next several days/week. It's unfortunate that Algorand is still dictated in large part by big b (BTC) calling the shots with market fluctuation.
Things are getting better though. Coins and tokens are developing their own internal economy and ecosystems, with these becoming more and more impervious to BTC's ridiculously orchestrated fluctuations. The more people come on board and begin buying these coins, and creating traffic on the networks... the more these coins ( annnnd tokens, for all you defi peeps out there) --the more they all begin to break away from the grasp of BTC's and ETH's market fluctuations. --my love, Monero (XMR) being a prime example of this, especially at the present.
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Algorand (ALGO) we could see a rise...I'm still feeling bullish on Algorand.
Have always felt that it is a vastly underrated coin. The ALGO blockchain is one of, if not the most resilient, secure blockchain in the crypto-verse.
It has never been breached, and it the transaction times are faster and cheaper than any other currency I've come across with the exception of maybe some very obscure swappable tokens that I'd rather not mention here.
C'mon ALGO!
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ALGO... seeing some love? I'm just throwing this out there because ALGO is a very underrated, and undervalued currency.
<₮0.75 is a good stop in general, and I feel as though 0.75 could finally provide some decent support.
ALGO still offers the least expensive, most-secure option of sending crypto from one place to another.
The ALGO blockchain has never crashed. Ever. I don't think any other chains can say the same thing.
🤷♂️ bullish IMO
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AlgoUsd moonshootAlgoUSDT now is situated into a huge falling wedge which is a bullish pattern.
We need a nice weekly close here to make a beautiful double bottom with a strong bullish divergence between the price and RSI/Stoch indicators
Some weekly targets are :O.7956 $
0.842 $
1.13 $ -Target from wedge
Also the volume is still decreasing which means a huge reversal and volume boost will come
Be prepared for a shot