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ALGOUSDT

Massive breakout in ALGORAND after weeks of consolidationIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! Quick glance: As of today, ALGO made a 17.70% jump and broke out after eight weeks of consolidation. ALGO saw a massive buying pressure and broke the $1 barrier. Market in the last 24hrs The last 24 hours were a directional trending day as Algorand moved linearly higher throughout the session. Today’s Trend analysis ALGO gave a massive breakout as it moved above the $1 mark. Massive accumulation drove prices higher. Now, coming to the important price levels, $1.09 is a local resistance level as it marks the top of the inverse head & shoulders pattern. ALGO would definitely face some pressure around this level. In case we see Algorand being shaky, we can certainly expect it to drop lower. The second scenario is Algorand breaking the resistance level. In that case $1.15 was the monthly high. As trading psychology dictates, this level would act as another massive resistance level. Setting up a buying strategy in case ALGO breaks above the $1.09 level, the take profit target could be set at $1.15. Price at the time of publishing: $1.0440 MATIC's market cap: $3.43 Billion Out of 11 Oscillator indicators, 9 are neutral, none are bearish and 2 are bullish. Out of 15 Moving average indicators, 1 is 'NEUTRAL', none are bearish and 14 are bullish. Indicator summary is giving a ‘STRONG BUY’ signal on ALGOUSD . Volumes have massively shot up over the past 24 hours. ---------------------------------------------------------------------------------------- The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 24-hour candles. Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume . ---------------------------------------------------------------------------------------- Keep supporting:) -Mudrex
A
by Mudrex
3
Altseason has officially started"September 18 will change everything and be the catalyst Algorand needs. Opulous at the most popular venue in the world announcing to the world “We go with Algorand” and then the huge musical artist. The world will listen. Then governance in October. Then AlgoMint, TinyMan, and AlgoDEX by end of year… maybe xBacked too. Some surprises possibly in between.. and hopefully CBDC. The rest of the year is ripe for gains and growth of the ecosystem" Michael Jordan in "I believe I can fly" featuring MC Hammer who "can't touch this".
Long
by axelrodd
22
Algo - this coin is going to sky rocket 👀🚨The ALGO chart shows a very interesting picture. A couple of days ago the price made a false breakout at $0.936 and then corrected by 11%. And now Algo is back to 0.936. This time the price might break this level and reach the area noted above. In addition, there is price squeezing and rising lows, which is a good signal for continued upside. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
15
ALGOUSDTHello to you all. Mars Signals team wishes you high profits at all times. We are in a 4-hour time frame. As you can see, the price is moving above the support line. There is a strong resistance in front of us that we have identified for you. As long as the price is moving above the support line, it can climb.In case of breaking the resistance line and stabilizing above the price line, it can touch its target. Warning: This is just a suggestion to you and we do not guarantee profits. Wish you luck!
Long
by MarsSignals