Climbing to new highs - ALGOAlgo is climbing up the ascending triangle. Red box resistance break will signal an imminent move to ATH.
DYOR and GL!
ALGOUSDT
ALGO BREAKING OUT OF FLAG!VERY solid fundamentals on this one, long term price has been flowing in impulse moves upwards with consolidation flags in between. Price is currently in a squeezed flag and is testing our breakout area
- need to see a 8h - 1 day break out of flag and resistance area
- will want to have a Bollinger band beak
- first take profit @ 1.618 fib extension level
- stop loss placed below area of volatility in current consolidation area
ALGO/USDTEverything is clear in the picture. Ask your questions in the comments section. Please like, good luck♥️
ALGO/USDT on an ascending triangle.ALGO/USDT on an ascending triangle pattern. B/O above the flat top with the right volumes may push the price to previous high 2.4-2.5 levels.
#NOT A BSH recommendation.
ALGO / USDT - Big triangle pattern. on the verge a breakout?Here is my take on ALGO / USDT 4H. We are witnessing a triangle formation with a potential breakout. If the ranging motion continues then we can consider the pattern as invalidated.
If the triangle breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 2.08$
TG2 - 2.18$
TG3 - 2.26$
TG4 - 2.44$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
ALGO LONG (update)Chart shows the play.
Entered in the white rectangle when the daily candle closed above the solid yellow bull flag.
1.5-1.7 Entry
2.2 TP
2.4 TP
Best of luck
#Algo tries to break out it's stong resistancethere is 2 possible scenarios : Success break out the triangle and pump to target levels or breaks down the support at 1.7
and retest 1.6 and 1.25
My idea is uptrend scenario and waiting for good entry point after success break out
Targetting 3USD- consolidated for 1,5month
- slowly upward sloping price
- flipping 2USD zone as support will open the upward potential
- 1.236 extension of summer run-up
- btc pair rolls/rolled over
ALGOBTC Massive Broadening Wedge BottomUpdated. Publishing for myself to see if that broadening wedge bottom textbook plays out or not. ALGOBTC is in descending channel (red) and in broadening wedge bottom (yellow) both.
LongHello guys, we are moving in a triangle pattern. The best time to buy is when leaving the pattern.
#signal
#ALGO
#ALGOUSDT
Spot( Midterm)🌟
Enter : 1.9$
Target : 2$
Target : 2.09$
Target : 2.3$
Target : 2.4$
Target : 2.9$
Stop loss :1.74$
Daily Close In : 1.74$
Algo analysisTry to pick Algo at bottom box also on buying zone .
Algo will outperform soon and expected min 30% profit soon
ALGO ---> C&H pattern - DIRECTION 7$Hello everyone !
Today the Black Cat Trader is analyzing ALGO based on a weekly chart.
What we can see :
Pitchfork : Prices are stuck under the intermediary lower line of the pitchfork
Pattern : Prices are building what seems to be a beautiful Cup and Handle pattern.
What we can expect :
- If ALGO manages to break the median line of the pitchfork, we can expect prices to reach the intermediary upper line of the pitchfork first. A pull back on the neckline of the C&H would be perfect to send ALGO to the last upper line of the pitchfork.
- Note that the trend based fib extension gave us targets who match with our C&H and pitchfork final objectives.
Major resistance 1 : Median line of the pitchfork
Major resistance 2 : ATH
——
Major support 1 : Lower line of the pitchfork
Major support 2 : Long term uptrend (Green)
——
TP1 : 3,49$ (1.618)
TP2 : 5,23$ (2.618)
TP3 : 6,98$ (3.618)
TP4 : 8,72$ (4.618)
IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER
MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
ALGO ready for next leg upALGO is consolidating in the bull flag and is ready to move. Watch for the breakout and hold on to it for big move to our target.
ALGO/USDT Cup and Handle 1H; 11/2/2021Algorand is making a cup and handle pattern, the green horizontal line is the stop loss.
TP 1: $1.9671
TP 2: $1.9993
TP 3: $2.0316
This is not financial advice, happy trading.
ALGO - Bull FlagAlgo is in a contracting triangle and we touched the extreme of the triangle and created a bullflag.
Trade idea:
Entry on breakout with stops below the flag.
Take profit: recent highs of 2.100
Algorand (Sideways Trading)Algorand is still trading sideways after forming a Large Bull Flag Pattern (blue triangle) after seeing an increase of 187%.
ALGO is now stuck in the green rectangle ( resistance zone ).
Breakout expected to the upside, with a price target of $2.49-2.60 per Algo.
The relative strength index was also trending down (during the formation of the Bull Flag ) however, the R.S.I is now stuck in the "resistance zone" as well. Trading is generally staying above the red-line in the R.S.I Chart (signaling an impending breakout possibly).
Expect resistance at 80% on the R.S.I.
[ b]Support at $1.70-$1.50, with a "floor" (high level of support) at $1.50.
Ceiling at $2.00 (high level of resistance).
$ALGO 1H EMAs crossing + new channel drawnupdate from entry earlier
testing this chart channel
could see upside imo
ALGOUSDT S&R and TrendlinesALGOUSDT current support and resistance areas and trend lines. Looks like it is in uptrend channel on a daily chart.
ALGO TA OCT 2915M TF>>>>
Algo made a potential shark pattern (yellow) and a small cypher pattern inside the shark one. (green). Possibly, the price could go down to certain levels to finish the D of both patterns.
This is a quick TA so manage ur risk properly.
Entry around 1.88-1.90
SL - 1.9150
TP - 1. 85-1.82, 1.78, 1. 74
$3.42ALGO is currently trading above the support zone of $1.69. If it can stay above this support zone, we could start seeing a move towards $1.99, $2.26, $2.49, $2.71, $3.02 and $3.42. Failure to hold the support at $1.69 could lead to a drop towards $1.55 and $1.45.
