ALGBTC trade ideas
$ALGO, 50%+ over the last 48hs$ALGO
50%+ over the last 48hs
Currently against ~5800sats resistance w/ increasing volume & 50/200EMA daily golden cross (1st time)
Buying against resistance is not the best approach, wait for a potential pullback (~5k) or a R/S flip around this area w/ target at ~7k sats
#ALGO
ALGOBTC [LONG 11%, 28%] TP 1/2Entry 0.00003282
TP 0.00003676
TP0.00004227
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ALGO/BTC: Breakout Confirmation for the Long Term 1D (Aug. 11)X Force Global Analysis:
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In this analysis, we take a look at Algorand (ALGO)'s daily chart, assessing its bullish probabilities.
Analysis
- To begin with, it's important to note that we have broken out of a descending trend line resistance that had been suppressing prices for over a year
- After a breakout, we have had a pullback, retesting the now support-turned-resistance
- We have managed to close above the 0.236 Fibonacci retracement support
- The Simple Moving Averages (SMAs) are all aligned in the order of: the 20 SMA, 60 SMA, and 100 SMA
What We Believe
Just as many other alts that have broken out of major descending resistance trend lines, ALGO demonstrates a high potential upside in a bull market.
Let us know what you think in the comment section below
Trade Safe.
ALGO/BTC (200D MA Key Support?)ALGO/BTC
-Algorand has been trading above the 200D MA and Key support trendline
-We can see two strong rejection from the key area of support
-If ALGO can hold this level for the next 5-7 days
-It is likely to bounce back up to 3500-4000 range
-Before potentially hitting the downward trendline resistance
-Bulls must hold the 2600 level with the confluence of previous support & resistance
ALGO BTC Breakout time
Target 1: 0.00003210
Target 2: 0.00003450
Target 3: 0.00003900
Target 4: 0.00004700
SL : -5%
ALGORANDBuilding a long term position on algorand. looking to add to my position when 200EMA (white) crosses trough the 800EMA (dark Blue). The blue circles represent areas where i added to my position.
ALGO/BTC (200D MA Retest?)ALGO/BTC
-Since the retest of 200D MA last July 14
-The price has pump 60% before coming back to the average
-ALGO is currently reacting to the Key support area
-If we can see more rejections from strong support zone
-There is a high chance this will be its temporary bottom
-And eventually, continue higher and break the recent top at 4300 sat
-Aggressive Buyers are ready to enter this market once the signal is triggered
Another 150% Gain? ALGORAND- Wyckoff ACcumulation.Ok, If you have been following along with our educational and private newsletter. You know what this is all about, if you don't yet. I bet there is a lot that can be learned simply from finding other times tokens or assets have accumulated. The best way to learn is to do it your self.
SO what do you think? What does Algorand look like it's going to do?
I would love to hear your thoughts.
ALGO buy time. Resistance retest complete. Was waiting on this retest. Bulls eye. Hope it pumps here.
$ALGO, Looking for a retest of the ~4150 sats resistance level$ALGO
Looking for a retest of the ~4150 sats resistance level where it got rejected a few days ago..
UCTS remaining bullish across all timeframes..
If manages to flip that level into support then aim for continuation toward ~4900 or higher targets..
#ALGO
ALGO/BTC (Pullback Ready?)ALGO/BTC
-after some good news about this coin
-the price rallied over 40% high today
-currently, the candle is painting a temporary top
-I have highlighted the chart where potential good pullback entries
-if ALGO will continue higher, watch out this immediate levels
-a break below the 2nd green line will send the price much lower
-target is the swing resistance at 5200 sat
