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Algousdtlong

ALGO BullishALGO seems to be rebounding strongly after the strong sell-off earlier this week. Since a lot of cryptos are seeing strong bullish moves at the moment, ALGO will follow them at some point. My take is that ALGO will see a bullish move towards the 1.185 level, after which there will be a small sell-off towards the 1.10 support level . This support will in turn lead to an even stronger push towards heights of before the mini crash earlier this week. Before entering this trade wait for the price to touch the Entry line. On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence. Happy trading!
Long
by zoupir
ALGOUSDT Zoom UP 🔜ALGO is been low key trying to recove r, done pretty well in this regard. Inverse H&S formed nicely is the journey so far ALGO is yet to fully realize its potential. Promising future for real use-case. A few resistance on the way up . So expect zig-zag dances as we move along I picked an entry at $1.31 I am bullish on ALGO/USDT Final target seen in chart. Might be hours or days. This coin moves steady, no hype! Symmetrical triangle already gave way 🤝Follow. 👍Like and Share your thoughts.
Long
by CryptonKidd
ALGOUSDT 1H long; Completing W-formation with bullish patternTA Explained ALGO Completing the W-formation on bigger timeframe with a bullish continuation pattern at lower timeframe. trying to get in on the final dip within the falling wedge Trade setup Best entries: 0.4149 - 0.4303 TP1: 0.4548 TP2: 0.4806 TP3: 0.5107 SL: 0.3945 RR: 3.16 Max leverage: 3 ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
Long
by MattieDsCryptoLounge
3
ALGOUSDT(Waiting for the Resistance zone Breakout)#ALGOUSDT Technical Analysis Update Waiting for the Resistance zone Breakout ALGO/USDT currently trading at $0.438 LONG ENTRY level: Above 0.4700 (only enter long after 1 H candle closes above the resistance zone) STOP LOSS: I will update once I see the breakout Resistance level 1 (Target 1): $0.520 Resistance level 2(Target 2): $0.560 Max leverage: 3X ALWAYS KEEP STOP LOSS... Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.
Long
by GreenCryptoTrades
4
Look out for these support levels if price continues dropping*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
COINBASE:ALGOUSD
by CryptoRush_
ALGO (Y20.P2.E1).What Next?Hi All, My brother has invested in Algorand and asked me if it qualified as a Cup and Handle on the daily chart. I'm no expert and still learning however I will not shy away from attempting to give it a go. Hence why I made this post. Surprising is holding up strong, even after this morning's drop, it is doing better than many ALT's. Observations: ============================================================ > Based on my understanding of Cup and Handle, its a bullish continuation pattern and it seems this qualifies. The handle as I understand it, has to have some form of trend, either a channel or wedge which also is a continuation pattern. If it drops to the 0.618 level, even better. So I do think its a cup and handle, but we will get confirmation after the fact, based on where it reaches. > The neckline is clearly the major resistance > The 50 and 100 EMA ribbon, where the 50 EMA on the 12H is playing a key support and has been tested once of recent. > On the daily, the 200 EMA is acting as resistance but has shown to be support level on the 12 Hrly > Daily RSI has a nice shape for the handle and the neckline has shown to be above the 80% mark, all bullish indicators. My thoughts: ========================================================== > 0.5 has confluence with the 0.236 fib level at the macro structure and hence why I see it as the primary target in this run. It also has confluence with the depth of the cup. > The 200 EMA has not been broken yet and hence is a major hurdle, if we see this broken and also get the 50 and 200 cross over, then this is something worth going long. For now, I just see this as a short term opportunity with higher risk versus reward. > BTC is looking weaker on the daily and weekly chart so I would be hesitant to invest long for any coins, unless you have already done so. Its holding a key support area but looking week I would for now, trade short for all ALTs using some fundamental approaches with the trend in the lower time frames and using the cradle method. Let me know if this chart makes sense and give me a like as a response please. Regards, S.Sari (for my reference, Macro.Charts) 4 HRLY chart, focus on the handle component Daily chart 12 HRLY chart, giving the RSI and candle sticks a better view. BTC chart for today
by ssari