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ALGOBTC

ALGO.BTC (Y20.P3.E1).Bullish mid macro structureHi All, ALGO has bounced back strong and is likely to break this resistance today or later. The ghost pattern has been borrowed from the LEND/BTC chart and as such its a bullish formation or similar. I bought the dip, now its a question of what will it do. Note: Another Defi that its likely to give big gains. MY THOUGHTS: ====================================================== By now or weight for the pullback to the fib level as per the chart. From a MACRO perspective, there is layers of resistance however this one is the main one. In many cases when the main resistance breaks the rest is like butter, Eg. BTC with 6K I think last year. Note BTC dominance is dropping slowly. The daily shows sideways movement and the 2 day chart shows upward pressure slowly building so my thoughts are that this resistance will be chipped away and hence the pullback to maybe the 0.382 on this chart. Please give me like or tick for this post. Regards, S.Sari Close up view on the daily 2 day chart Macro structure overview. LEND.btc chart
Long
by ssari
BINANCE:ALGOBTC LONGALGOBTC just had a volume spike combined with a bullish engulfing candle at a Support&Resistance Flip. Summary Trend: Strong uptrend Level: S&R Flip Candlestick: bullish engulfing candle Volume: Volume Spike Orderbook: Depth chart on Binance in favor of buyers I'm buying at around current market levels and aiming to take partial/full profit at TP1 depending on market conditions. This is not financial advice, please do your own Due Diligence. I'm just sharing my personal trades.
Long
by cryptotraderog
ALGO/BTC: Breakout Confirmation for the Long Term 1D (Aug. 11)X Force Global Analysis: If you find our analyses to be helpful, make sure to support us by dropping a ‘like’ 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.
Long
by XForceGlobal
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