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ALGOBTC

Algo 4H breakout - Now consolidation to distribute ordersAlgo broke its trend heading down on the 4H..nothing significant which tells me we are still heading down in price. Buyers can't get a grip yet and that is def. due to the buying power of BTC right now. Investors are tossing thousands of bucks into BTC at the moment. Alts tend to have effect with this in both positive and negative manners depending on how an individual tackles their asset. If they're spot trading or futures trading? While price gets pushed around here in the coming days Algo will too.. I expect some kind of consolidation zone here at these levels to prepare for an impulsive move up heading into next year. The technology is way behind compared to assets such as ADA or XRP. Which means we have time to load up at the prices we can afford as day traders or long term traders. The real question is...how long can you follow your investments fundamental growth without looking at the price everyday??? ;) Stay safe everyone..and always do your research on your investment. Dive deep.
by AschraM
Flowers for Algorand (ALGOBTC)Currently watching ALGOBTC here for a possible entry. We broke out of the downtrend earlier this week and had first test of the 675 valley for a possible sign of reversal. Currently coming back down towards the start of the recent breakout at the 575~600 area. Would like to see this area hold over the next day or two if we are going to maintain uptrend. One of the few Binance coins with decent volume and on the FA side was recently mentioned that Coinbase was "exploring" the addition to their exchange. Entry: 580~600 (Needs to hold above 575 for a few more candles before I take entry) Stop: Below 575 Targets: 675 (dotted line tested level, would expect this to break if we move up) 731 (untested) 836 (untested) As always be patient with your entries and set stop losses. :) BTC Tips: 3KKD7YKR7x9c4AZJJ56XJA8F3hp7hWSpTX
Long
by TraderoftheCorn
2
ALGO/BTC (Algorand) Making Falling Wedge ..!!ALGO/BTC (Algorand) - In 4 hrs Timeframe, Forming Falling Wedge Pattern (Bullish) - May Be Test the Support Area Before Move Up. - Falling Wedge Breakout Expected If Hold then Bounce Back From Support.. Buy Around 500 - 520 Sats Sell Targets 560 - 620 - 680 Sats Stop Loss Below the Support..!! Please, give us your opinion in the comments! If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates. Join Telegram Channel for more analysis - t.me The information given is never financial advice. Always do your own research.
by Faibik