WHATS HAPPENDALGO USDT
last tries to keep his bullish move of the algousdt can set short pos. on the resistance dynamic trandline
ALGOUSDT
ALGO: WAIT FOR THE MOMENTThe price action has printed a head-and-shoulders pattern. To confirm we will go down. we have to wait for the price to break down below the neckline and retest it. Then, we can wait around 1.7 to open a long in case the price shows signs of reversal. Good luck.
ALGOUSDT | Corrective Wave Started | ShortReason:
1. Break the support Channel
2. Break the support Wall
3. Break the EMA support in 30M Time Frame
4. RSI Divergence
5. I think wave 5 is over
For the stop loss level consider the trendline and the EMA as a new resistance
The corrective path just a illustration about the ABC corrective wave, it can be flat or zigzag or another ABC
Disclaimer ON
this chart is not a signal you should follow, I just want to share what I think, if I made a mistake please let me know in the comments section, Thanks.
Break the EMA support in 30M Time Frame
ALGO 1D Watch, read, comment!The last time we analyzed the Algousdt pair was back in February, but if you look at its performance and read the description...
you'll see quite a precise realization of the idea.
Today let's refresh our thoughts a little, after all, it's been half a year)
In recent days, the Algousd chart has recorded abnormally high trading volumes. Importantly, these volumes were recorded on the break-down of all the highs of 2021, which is a strong bullish signal . If the price does not break and fixation below $1.84-1.95 today/tomorrow, the buyers will confirm their strength and serious intentions to continue rising. The growth itself in such situation can continue, at least till $3.50 for the white scenario.
Or maybe such a rush around Algo and a burst of trading volumes was due to some strong news? Please, share your thoughts in the comments , you know we don't read the news much and don't base our analysis on it)
Because if it's a banal news dump, the price of Algorand token may go down even faster than it went up. A price fixation below $1.84 will show the green light for the sellers, who can easily bring the price of Algousdt down to $1.10 to begin with.
We considered many possible scenarios, but we pictured two most likely ones: white and blue! What's interesting, the end goal in both scenarios is around $8.60, though the buyers and sellers will have to overcome different routes and tests to reach the goal)
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ALgorand daily chart analysisbreaking out the rectangle pattern and now it is in a correction.good time for investing some money .may reach 3.5,4$ till end of 2021 if nothing terrible happens for btc.good luck
ALGO , an enormous cup and handle pattern , 1800% gain ahead.as you can see , Algorand has made a huge cup and handle pattern , the handle has been made .
Don't forget that it's just an analysis. so there is no "guarantee" for it to rise.
ALGO USDT New HighsALGO made a new high even after a BTC sell off
Made a triple bottom as well
Showing great relative strength
Retest of previous highs can be a decent entry
ALGO.USDT (Y21.P6.Video1).Approaching resistanceHi All,
Algo has performed well and has the potential to keep going.
If your interested in knowing the targets and why, watch this video.
If your interested in entering, what this quick for we only have 3 hrs to decide.
All the best,
S.SAri
ALGO enough It’s was game for Algo . I will be no surprise if we go down . Algo should definitely calm down .
Algorand - ALGO in upward channelAlgo - Price is moving up nicely in upward channel, it can reach as highs at 4.75$
Quick Trade of Algorand to $2.60Took a look at Algorand / $algo --->
Made some decent profits yesterday at 1.60 to 1.85 and then was waiting for a wave 2 correction to 1.40 --- unfortunately, it didn't get down to that 50% that I was looking for and missed the entire overnight rally. This baby has some serious fomo right now because of it's El Salvador/NFT news. So, seems like people think its seriously undervalued. So it could be the next SOL trade.
Anyways... to update..
Today we can now see a more developed structure than yesterday..
It's still looking juicy here, seems to be ranging nicely in trend and on the MACD.. targets of the next up move look to be $2.6 - 2.65. (As long as Bitcoin doesn't take a dump today).
Sure I can see $3 to $5 here..but.... I am playing this quick impulse fomo move up that should occur in the next next 12 hours. This top will then probably be the 1st wave up and then we should get a proper wave 2 pull back so will update this post as it progresses this could be a nice end of wave 1 and a really cool wave 3 if all plays well :)
Good luck guys, Remember DYOR and use STOPS :) Watch for previous highs of 1.80-1.85 as a support zone if this trendline breaks.
ALGO - The Tipping point - Total market 10.000B $ALGO - The Tipping point - Total market 10.000B $
Entry: 1.5$
Target 3.4$
Long time: >7$
TTP: 34$
Algorand can hit previous all time high of 3.50 in the near termWith daily squeeze firing and if that in return drives firing of weekly squeezes we can see ALGO hitting 3.50 as my first PT. Buy the dip on all pull backs $2.00 and below.
ALGO ShortShort: $2.25 + When its below trendline resistance
Stop Loss: bar close above trendline resistance
Risky trade so keep your stops tight
Target trendline support
ALGO disrespecting the current crypto bear market lolALGO has decided that the market is a bull market and in a big way. TP1 and TP2 identified since ALGO is on the way up. Has not retraced enough to look for an entry so take it with a short 'stop loss' exit to stable coin position.
ALGORAND - ALGORAND- Dancing with El Salvador 🕺 (p2)Algorand keeps doing great, with the El Salvador Launching Government Blockchain Infrastructure on Algorand This Year
As you had been informed here before,
The country has signed an agreement with Latin American asset tokenization company Koibanx to allow official records to be hosted on the blockchain.
El Salvador’s government has signed an agreement with Koibanx, a Latin American asset tokenization and blockchain financial infrastructure company, to develop the country’s blockchain infrastructure on top of the Algorand blockchain.
The ability to store official documents digitally on top of the Algorand blockchain will come before the end of this year, Koibanx CEO and co-founder Leo Elduayen told CoinDesk.
This could be great news for ALGORAND and the chart can help us explore this opportunity.
Price broke over it's major resistance today and seems to be ready for higher!
One Love,
the FXPROFESSOR
AlgorandOne more concurent of Polkadot, Solana and Luna.
What Is Algorand (ALGO)?
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020.
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Trading parts :
- Buy 0.98$ - 0.95$ ( Small Buy )
- Rebuy 0.85$ ( Medium Buy)
- Rebuy 0.70$ ( Full Buy )
Stop Loss : 0.65$
TP : 1.8$ ( Last ATH for now )
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Follow TheKing Moves and stay safe!
Happy Tr4Ding !
algo huge cup and handelis it a huge cup and handel ? we had some huge news about nft in algo would it continue the pump for a huge move up in this market?
#algo
#algousdt
ALGO is ready for next swing upalgo is looking good for a swing trade,
you can enter after the breakout of previous ATH is confirmed. Best entry would the retest of ATH as a support
Cheers 🥂
Algorand (ALGO)Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020
algo usdt expection 3 waves in daily time frame .final target must be about 3.44
and first is about 1.24
the legand ALGO!!!ALGO is lagend now. i published the previous idea at $1.18 and now it is $1.69. we completed a tea-cup formation and already made %45 profit.
Is it end?
There is a another huge tea-cup formation. If we can break out the $1.80 resistance, I will be bearish till $3.5, %96 profit.
But be careful and don't forget stop-loss
Dont lose your hard-earn money easily.
ALGOUSD is it right time to exit ?Hi, if you are following me you must have seen yesterday i shared algousd analysis in which i market the area where you can take entry
you can see after restest we took entries in algo and now we closed all our positions now we will wait for best point to enter again
Don't force trades just wait
33%+ Profits is better than nothing you can see only algo recovered that well because second leg was on the cards as e predicted
Enjoy profits and give yourself a treat and remember me as well hahhaah just kidding
Like and comment below if you took a trade and share you experiences with me because when someone earn from my analysis it makes me happy
