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ALGOBTC

Don't Miss This One!!! $ALGO #Algorand #Crypto Daily Looking at our highest timeframe we see ALGO testing our dynamic support(uptrend) stochastic rsi showing momentum is in favor of the bears with no signs of reversal. ALGO formed a higher high with a daily close at $0.50 taking out our previous higher high at $0.40. Since making a new high the price has remained in a minor downtrend and is now looking for support. 4Hour Shifting over to our pattern timeframe we see the price remaining in a descending channel, stochastic rsi showing momentum also stuck in a pattern and we should be expecting a huge push very soon. Bullish divergence shown in momentum, a 4hour close above $0.33 indicates we will head towards the upside, however a rejection from this level and expect ALGO to continue towards our $0.30 support zone. Something to keep in mind is ALGO has never seen a bull run and is already being compared to ETH and XTZ...persoanlly one of my favorite coins.
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649
ALGO - GO, GO... GO?Wondering about the same patterns repeating here to drive ALGO on for another push. Bull pennant fakeout on bearish divergence (the most recent was largely down to the latest BTC dump), drop and test of 200 4hr EMA (blue), inverted H&S at that level then push on up to another higher high from there. I plan on trading this idea and will be entering around this level. Let's see what happens. ALGO seemed to do a similar skip along the 200 4hr EMA late last year before losing the trend. Invalid with a confirmed close below and bearish retest of the 4hr 200 EMA.
Long
by moorbles
Lambo Season!!! $ALGO $ALGOBTC $USD #Algorand #Crypto Weekly Looking at our highest timeframe we see ALGO has never seen a bull run, and already shows some great upside potential. Support found at $0.18 and has remained in an uptrend since. Price has retraced about 30% since making a higher high at almost $0.5200, this week’s candle looks like it has bounced off our previous breakout zone. Some in the crypto community compare ALGO to ETH and XTZ, could we see possibly see the same price action as 2017? Weekly (zoomed in) Taking a closer look at our trend timeframe we see price continuing to respect structure, this week’s candle currently testing our $0.37-$0.39 support zone. A weekly close above this zone is a good sign we will continue the trend. Daily Shifting over to our pattern timeframe we see previous higher highs and higher lows, along with the stochastic rsi showing momentum is in favor of the bears from our previous sell-off from $0.50. Price is now testing dynamic support and our major support zone. No daily confirmations of a reversal yet, however yesterday’s candle left a nice size wick, and today’s daily candle is starting to take shape. Some possible early signs the short term bears are getting tired. 4Hour Finally looking our trigger timeframe we see ALGO has closed above our 4hour support after testing (2) times. Another possible retest is possible, before continuing to the upside, stochastic rsi showing momentum has bottomed and we could be seeing the bulls make another run. Another 4hour close above $0.3750, with some risk management could be a solid early entry before continuing our 2nd leg. A close below this level means we continue to our $0.3400 zone. If this is being compared to ETH and XTZ before the next mainstream wave kicks in, now is the perfect time to start averaging in before hitting Lambo season!!!!
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649
ALGO/BTC ALGO seeing a good continuation after breaking above this resilient trend line yesterday, indicating a change in short term trend, matched with a corresponding increase in volume; we can anticipate price and volume to keep rising while we trade above our 0.236 fib support(2600 sats). As we stand, we are definitely bullish on this pair and can anticipate good price appreciation in the short - mid-term; as always, take profits and love stop losses accordingly as the trade progresses Recent fundamental news : www.coindesk.com
Long
by fatpigsignals
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