ALGO daily is looking to make the move up anytime.ALGO daily chart
This chart is still intact and once it gets the
push above the descending trendline, This
chart could really show whos boss...The ALGO
blockchain has been rated top 3 best blockchains
in this industry as well. Lets see what it can do here
in the next 1-7 weeks. RSI and chart is reading
a Bullish Divergence.
ALGOUSDT
ALGO: the falling wedge BREAKOUT! Short review!Algorand (ALGO) is in a big falling wedge. This pattern is more likely to break UP, so we will consider a bullish scenario.
The squeeze under the trend line will be the main trigger for opening long positions. On the lower timeframes a breakout of the local trend line is also an additional bullish signal. Consolidation before a breakdown is necessary, as a major player needs to accumulate ALGO.
Targets:
1. $1,33-1,42
2. $1,73-1,88
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
ALGO forms double bottom at 1 year support.ALGO has bounced off of a strong support level around the $.67 mark and has formed a double bottom at this strong support level after descending since September from the $2.4 high. Further downside may be limited to this strong support area and the price looks poised for an upswing after forming the double bottom.
BINANCE:ALGOUSDT
ALGO Long term analysis ELLIOT WAVES this is a LONG term analysis.
I believe whatever 5 waves up we had is a LEADING DIAGONAL wave 1 of a bigger impulsive wave.
Looking for that wave 2 tripple three correction.
I believe ALGO is a must buy around the box area as It will be a money maker in the next 2 years.
Algorand (ALGO) count me in!Algorand is a token that I have not covered on this platform too much. It's a shame because ALGO is one of my favorites. In terms of the accessibility, speed, and efficiency- ALGO blockchain is top notch. I mean, heck- if you ever want to send cryptocurrencies anywhere for the cheapest possible price... what do you use? -- ALGO
The volume and number of wallets opened/holding ALGO has also steadily increased over the last several months with no real fall off...
♠️🤫🐿
ALGO could make the move up after this trendline break.ALGO daily chart
This chart is still intact and once it gets the
push above the descending trendline, This
chart could really show whos boss...The ALGO
blockchain has been rated top 3 best blockchains
in this industry as well. Lets see what it can do here
in the next 1-8 weeks. RSI is literally Oversold
and on Deck to move up now.
ALGOUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 1 - 1.15 - ~1.3
after first target reached move ur stop to breakeven
Stop: 0.66 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4.5
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
ALGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
As per my last video analysis, we were waiting for the bulls to take over from a medium-term perspective by breaking above the inverse head and shoulders neckline.
ALGO broke above the neckline and traded higher. Now for the bulls to take over from a long-term perspective, we need a daily candle close above the last high in gray and above 1.0 round number.
Meanwhile, until the bulls take over from Daily, the bears can still kick in to form another low.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Algorand ; pennant flag patternAlgorand pennant flag pattern formation after since it break out trend line and grew up well.
Currently unlikely for algorand the btc into correction structure and after finish it correct we expected algorand throught cross red line it will grow up to $1.2 _ $1.3 area at first bullish wave