Hi, Friends hope you are well and welcome to the new update on ALGO. Big wedge and a long-term support: Algo has formed a big falling wedge on a weekly time frame, however, at the moment ALGO has dropped at a very long-term support of $0.16 and this level is working as a support since Sep 2019. Oversold on weekly time frame: Weekly Stochastic is also...
Right now ALGO is testing the most common Fibonacci retracement level, 61.8%. We want to take buying opportunity at this time as any kind of a pullback would be healthy for this bearish trend.
◳◱ A Resistance Breakout has been identified on the SIX:ALGO / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00000622 | 0.00000639 | 0.00000677, and the major support zones can be found at 0.00000584 | 0.00000563 | 0.00000525. Consider entering at...
the big short to 1800 levels coming this summer or by end of year. After 2k breaks lots of levels on the Downside need filled. My ideal gold short entry would be around 2100 if dxy breaks 101 in the coming weeks. If dxy shows signs of life back to 103 and up then I’ll be in the gold short for the long haul from a 2xxx level. Enjoy
Shwatup doe! Hope you are healthy wealthy and blessed <3 It is a wild and beautiful day in the world of crypto, I hope all of you are experiencing it in joy! Now here we are looking at ALGO on the daily time frame, zoomed way out so BIG PICTURE ya; and what do we see?! ⭐️ I have been simply drawing trend lines on this chart throughout the past month or so...
That's the make or break for Algorand. Yesterday drop ended up with a bull trap and a chance for trend reversal. There are three rules in place now. - We want to stay above the yellow line ( the previous low on a weekly chart ) - Closing below yesterday low invalidates the setup - Closing below 0.1560 will propably mean that Algo will drop to 0.1150
Algorand's current market price has been a subject of concern among investors, given that the platform has a strong technological foundation and promising potential. The market volatility is an inherent feature of the cryptocurrency landscape, and fluctuations in prices are common and to be expected. Algorand is a relatively young project, having launched in...
Algo has also entered my target down area and with the daily RSI into oversold territory, I believe this is an appropriate area to enter. Yes, Bitcoin could still come down to that 25,200 neckline area or lower, dragging ALTS down even further, but I have set my entry targets for these recent alts trades and will stick to the trading strategy at this point,...
BINANCE:ALGOUSDT pair has turned bearish according to its daily chart, after a brief period of upward momentum. This is due to the formation of a bearish double top pattern, which broke downwards, followed by an ascending triangle that had the potential to break upwards. Unfortunately, the triangle broke downwards faster than anticipated, signaling a continued...
SIX:ALGO looks like it's set to move higher from here. Think we'll break the smaller resistances and head higher to the target of $1.03. Should it close higher than that, there are additional targets.
Also a chance to retest the zone around 0.23 +-, we will see how BTC will be etc... we are close to the summer lows and in a very volatile place so be careful and always SL
Looking at Algorand/USDT 4H on Binance, it seems like there is a long road ahead for ALGO bulls. We see two recent rejects at the .5 FIB / $.24. The retracement found support on the 200MA but the subsequent bounce was unable to fully recapture the .382 FIB at $.225. I'd expect some chop between the 200MA & .382 then a drop down towards $.21. With the two...
Ease run back to the premium zone. Why not, the world is going crazy this should just push to new highs.
Algo stands at the double Fibonacci support, which implies a potential short-term rally throughout this week. A new lower low will immediately invalidate bullish outlook, but for now things are looking bright for ALGO.
After a minor pullback to change of character area, I expect a liquidity grab from the prior high and go down from there. NFA
Algorand is going to melt faces after this SEC nonsnse!
◳◱ A Resistance Breakout and Confirmation has been detected on the SIX:ALGO / CRYPTOCAP:USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.2247 | 0.2329 | 0.2501, and the major support zones can be found at 0.2075 | 0.1985...
The nike symbol, on the week chart for Algorand (Algo)