Quickie! Elliott Wave could be a couple things, but mostly corrective MO ATM, just one idea on there now. Somethings need to be invalidated and a break of the range would assist in getting a better Idea. But the GEO has been playing great! Going to be watching these with alarms set to see which way it decides.
In ALGOUSDT 4h
It try to breaking out the triangle .
If the breakout can be confirmation with short upper shadow
*at least higher than level 0.618(1.8739)
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ALGO is in a good position.
If it does break the trend I will buy and hold for a few days/weeks.
As I see it now, if it breaks the trend I will buy and put my stop loss at 1.5$.
At 4$ I will take 50% profit and I'll let the other 50% and take profit at 6$.
This is not a financial advise, I am looking for long term benefit, this is my strategy.
Algo formed bearish divergence on the weekly chart could see a drop back down to the support of this channel before heading up to try all time high. Still long term bullish on Algo just think we could see a drop sometime soon.
Algo is at a pivotal point where we may either get a bounce off the 1.5 structure level or we can break through.
If we do break through, look out for a retest of that structure level before moving down.
Short targets would be the triple bottom region of 0.7.
Long targets will be the recent highs of 2.5.
Between the two scenarios, A & B, I think scenario A is more likely so I'm looking for a breakout above this downtrend line.
Scenario A looks likely because of an MACD cross, strong bounce off the lower bound of the channel, showing strength. Looks like it is about to test RSI at 50.
With ETH fees going through the roof and ALGO being put to the test with more...
if breack out dynamic resistance then we can think about huge pump also look algo have good chart in high time frame like weekly I RECOMEND YOU BUY SOME ALGO NOW AND MORE WHEN BREACL OUT DYNAMIC RESISTANCE
- So this post is not a Cosmos analyse.
- i just wanna teach peoples and help peoples.
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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...
(( please read the description ))
Algo coin is currently falling in daily trading, if it can get out of the downtrend triangle in the coming days, a target is considered
* Support in Fib 0.5 ~ 0.618
* The trading is above the MA 50 (blue line), one should hope for an uptrend and test the resistance Zone .
I tried to identify the points of support and...
Here are the top mentioned altcoins technical analysis. In this idea, you can find some breakout opportunities and some coins which should get a correction before you can invest in them.
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ALGO is an interesting asset to trade on. It has broken many resistance and seen sharp uptrends in recent times. In my chart, I have a forecast showing how ALGORAND will break the 2.1997 resistance in it's next bull.
Algorand has been stuck in a sideways trading pattern for the past few days. Seeing a small breakout to the upside (and downside) on occasion, but never breaking below $1.54 (floor/support zone) and never going above $2.09 ($1.86-$2.00 resistance/ceiling.)
Algorand's Community Governance registration period end this Thursday (10-14-2021.) At the time of writing...