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ALGBTC trade ideas

Algo/BTC Bearish Continuations? (Oct 27th-Dec 10th 2020)Algorand/Bitcoin rate (October 27th through December 10th 2020) Low: 0.00000339-0.00001001 ALGO/BTC High: 0.00002251 ALGO/BTC Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
by Hambooger
ALGO/BTC (3rd Test at Key Level Support)💎Technical Analysis Summary💎 BINANCE: ALGOBTC -Algorand is back trading around the key level of support -Well, this is still good because the Bull defended this zone again -But the fight is not yet over until the downward trendline is broken upward -Yes, you can buy at key level but tight stop loss -Or, wait for the trendline breakout to confirm that the trend will start to reverse -Upside potential is up to 4000s sat area or higher A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
10
Algorand (ALGO) | This Can Be One Of The Best Buying OpportunityHey, friends hope you are well and welcome the new update on Algorand coin. The priceline of ALGO coin has been retraced between 0.618 to 0.786 Fibonacci retracement level after a powerful bullish rally of 222%. On long term weekly chart strong support can be observed. Every time priceline has rallied to the up side after hitting at this support. The priceline of Algorand (ALGO) has formed bullish Cypher on weekly chart. The targets as per Fibonacci sequence of Cypher are as below: Potential reversal or buying zone: 0.00003233 to 0.00002683 btc Fibonacci projection or sell zone: 0.00003666 to 0.00004732 btc On the daily chart the priceline is trying to breakout 200 simple moving average. The safer buying can be after closing above this SMA. `Conclusion: As the priceline has completed a bullish Cypher move while reaching at the strong support level on the weekly chart therefore there can be strong chances that the price action of Algo will start a powerful bullish rally from here. However, the potential reversal zone of bullish Cypher should be used as stop loss to minimize the risk factor.
Long
by moon333
2