ALGOUSDT
Algo is Bullish to the bonesALGO IS SO BULLISH, it's forming not one falling wedge but two wedges (technically bullish patterns) 😀...No matter how you look at it it's bullish, with expectations to reach $2.80 min or $3.00 after the breakouts upwards.
Algorand has been on an uptrend lately and topped charts as the best performer coin multiple times. With the price climbing to heights not seen since early April, showing significant volatility over the last week. As a project algorand is very good and of course you can hold for long term. (better days are coming for sure)!
Good luck 🤞
Algorand's (ALGO) Bullish IndicatorsALGO or Algorand has one of the stronger looking charts in the crypto space
With it's recent ascent from $1ish to $2.50ish, ALGO is currently undergoing some price correction
What's nice about its ongoing correction is the Volume Contraction Pattern (VCP) on its daily volume, a bullish sign.
The previous resistance that it broke, $1.80 ish, is now acting as support as evidenced by candles bouncing from this level whenever it nears that price
Let's see how this will play out.
Good luck!
ALGO/USDT : Breaking out the trendline ! BINANCE:ALGOUSDT
Hello everyone 😃
#ALGO has formed a descending triangle, The movement is marking to be bearish by the current bearish trendline.
But there is an attempt to break above the trendline, Also after any correction to FIB's level; EMAs will support the movement and it should pullback from that points..
Have to mention that Volatility is being bullish too !
So there will be two bullish scenarios :
- Break above the trendline at current point and volatility cause another bounce by the bullish crossover
- Retest on lower EMAs and pullback from the support zones which has been merged with FIB's levels.
📚 Targets are mentioned on the chart, Potential +70% growth after a correction on FIB's levels !
🔴 We might face more FUD news as #BTC is approaching the 50K's resistance again, So manage your risks and don't engage more than 4% of your portfolio on ALTs.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ALGO , 5th elliott wave about to end , 65% gain ahead.so guys as you see , it's the end of the 5th wave for ALGO , our target is between 3.35 - 3.55.
after that we are gonna have a correction which Imma keep y'all updated .
don't forget the 3 important things , like , comment , follow.
see y'all in the next idea.
ALGO resdy for another push to the upside!Here's a quick look at ALGO 2 hr chart. As we can see, the price has been forming a descending triangle and we could see a break to the upside soon! Definitely one to keep an eye on.
The best entry would be, when the price breaks above the descending triangle with good amount of volume .
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The idea is: Buy the breakout from the descending triangle and take profits at the levels shown in the chart.
Targets:
- Profits can be taken in the resistance zone .
1. 2.19$
2. 2.49$
3. 2.98$
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
ALGOUSDT Technical Analysis
⏳ Spot
💎 ALGOUSDT has been moving in the ranging channel. It has also formed a descending triangle. I expect that the price soon will break above the triangle and continues to go higher.
🏁 Short Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 2.0000
☕️ TP1 2.4000
🍺 TP2 3.4000
🍻 TP3 ______
🍾 TP4 ______
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 1.8000
Good Luck 🎲
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Algo Uptrend on the lines, looking to break by tomorrow nightI believe this will break up and form a mutant cup and handle in both the chart and volume. My dip buy target was 1.60 cents but it did not reach my desired level, still looking for a test of that level, but the bullish bounce means most likely we see uptrend continue this weekend. Good luck. Not financial advice. All lines are hand/eye drawn and not taken from any indicator other than rough eye.
ALGOUSDT Swing Trade Setup!ALGOUSDT (DAY CHART) Technical Analysis Update
Major resistance Breakout
ALGO/USDT currently trading at $2.18
Buy-level: $2.00 - $2.20
TP 1: $2.50
TP 2: $3.00
TP 3: $3.50
TP 4: $4.00
Max Leverage: 1x or Buy it on spot Martket
ALWAYS KEEP STOP LOSS...
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ALGO - Potential Rising Three Methods Candlestick PatternWhat is the Rising Three Methods Pattern?
"Rising three methods" is a bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend.
Read more: www.investopedia.com
As Bitcoin recovers from the previous consolidation rage, I'm convinced that the Rising Three Methods could play out.