Algorand (ALGO) has soared above its Exponential Moving Average 200 (EMA200), hinting at a remarkably bullish run!
For those of you who relish the excitement of trading in fast-paced markets, this exhilarating development presents an unmissable chance to capitalize on the strong upward momentum of ALGO. The fact that it has surged beyond its EMA200 signifies a...
#ALGO • Algorand • CRYPTO
LONG TF M15 , TP = 0.1172 , SL = 0.0864
The trend continues, the nearest support level according to my calculations TP 0.1172
BINANCE:ALGOUSDT
Possible Targets and explanation idea
➡️If we take a look on yearly chart we just got a simple range
➡️Top. Bottom at 0.0958. 2 test of equilibrium End of hype
➡️Crashed and formed historical lower low and deviation of range 0.0901
➡️Bullish road to 2 main monthly gaps and euphoria to deviation at the top 3.45$
➡️That time or we will...
On the 30 minute chart the trend started on June 5 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.1444
But do not forget about SL = 0.1296
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
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...
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
We don't need to draw a lot of lines on a charts. Here is weekly timeframe and everything what you should know about Algorand price action for 2023
Possible Targets and explanation idea
➡️Weekly chart....
After a pretty decent 30% profit from the last Short trade we've now got ourselves what looks like a profitable Long trade too! We've had a small fakeout on the bottom edge of this descending channel but the price was quickly restored to within range and now looks to be heading to the upper boundaries!
We should be able to bag at least 10% on this trade, all the...
Hi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO).
Previously we caught more than 53% pump of ALGO as below:
Now a 4-hr time frame, ALGO has formed a bullish Shark pattern for another pump soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't...
BINANCE:ALGOUSDT
Just a local picture for January
Possible Targets and explanation idea
➡️After hype around World Cup championship we dropped down and found the main support zone.
➡️I think this is the potential bottom for now for $ALGO
➡️Local trade can be looks like this on 12H timeframe
➡️According Crypto4light Direction indicator whales accumulated...
BINANCE:ALGOUSDT
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Algo is official partner FIFA, and in next month we will see major football event last 6 years. And its first time we will see World Cup championship in Qatar and in autumn (before it...
I'm just throwing this out there because ALGO is a very underrated, and undervalued currency.
<₮0.75 is a good stop in general, and I feel as though 0.75 could finally provide some decent support.
ALGO still offers the least expensive, most-secure option of sending crypto from one place to another.
The ALGO blockchain has never crashed. Ever. I don't think...
I see in Algousdt a good opportunity as a speculation. I see a positive head and shoulders pattern, as you can see, you can enter when retesting and targets are specified in the chart.
What do you think , let me know in comments.
We recommend to take a long position as the price is currently at the lower boundary of the Keltner Channel. Moreover current market conditions are favouring bulls and we expect it to bounce towards the previous support which should be act as a resistance.
Entry and target are shown in the chart.
No financial advice.
