I expect Algo to move sideways for a couple of weeks here between 1.42-1.58. If it manages to break to the upside expect 1.80 to serve as strong resistance. If it breaks to the downside expect 1.23 to serve as strong support.
update Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
Algorand ($ALGO) New FIB: $ALGO looks ready to break out on a mini-pump. RSI heading straight to the upper boundary with MACD looking healthy. BB squeezed and looking for a close and confirmation above upper BB (this resistance has been tested 8 times in as many days)
ALGORAND has been extra volatile with a huge pump and dump candle just a few weeks ago. At this stage the rice has just broken over resistance and could possibly fly higher. News: Algorand Surges as Foundation Incentivizes DeFi Activity on Algofi The announcement of liquidity rewards for a product built on Algorand put ALGO tokens among the few gainers on...
Hi, I try to post often so if you could follow and like it would mean a lot to me. ALGO is very bullish right now and is ready to move towards 2$. The FOMO on the coin is amazing, the 4H and 1D charts are looking amazing. The coin broke the 1.50$ resistance a few days ago, and after having a bullish retest, the coin looks ready to skyrocket. I don't have to much...
Have little time so will update later. As with my recent post on BTC I see at least a short term trend change in the cards coming for ALGO based on the long wicks on each side the highlighted one hour candles. Also notice the candle on the left of highlighted area which I believe to be a hammer candle. Long wick on top so bearish indicator imo. Will come back...
The crypto asset ALGO or Algorand has been bucking this short term downward trend we are seeing in top cryptos (BTC, ETH et al.) ALGO is #18 coin by market cap which is $10B How long can this continue? Not long I think. Historically "alt coins" or basically anything other than Ethereum or BTC, run up faster when the market is on a bull trend, and they get hit...
Algorand is breaking through the descending trendline. Bullish movement to resistance level at 2,45$ is likely to happen next
Algorand (ALGO) still in a stable 2 day price wedge and room to grow. Enough free space to orange or even red resistance on the RSI . Attention: The OBV support (green trendline channel) should not break. What do yo think 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
Followed my path up pretty good and have been playing off of the lazers well as well.... Well Looking for these to potentially play out whenever this move down has completed.
The big support level on the daily chart seems to be working once again. We are long on this one as we expect a good uptrend now and there is some hype incoming, some fund managers say it will be Ethereum killer, but we remain cautious, as it can very volatile as all cryptos. We recommend to put a stop loss at around 1.23 for swing traders.
ALGO is getting ready to move up into new ATH in the new year. It has multi timeframe squeezes about to fire. As long as it stays above the 2 day chart support trendline, it has a significant up side.
ALGOUSD - ALGORAND - Bullish falling wedge breakout- updated.
didn't go the way I wanted. My stop hit and didn't get a chance to re-enter due to the strong bull momentum. But it will undoubtedly come. I am now going to turn my attention to the BTC pair. The BTC pair looks very bullish on the weekly and daily. That's why I like to be in a long position. If I get the chance to get in 0.00003, then I will go long. otherwise...
Hi friends hope you are well and welcome to the new update on Algorand (ALGO). channel and stochastic: The priceline of Algo started the formation of a big channel on weekly time frame in Dec 2020 and since then the support of this channel is not broken down. It can be noticed that whenever the priceline is reaching the support of this channel and the...
Looking at these levels to hold as support for a retrace whenever the W3 has finished.
Buying/LONG here 1.36 and looking for 1.5 target 5x Leverage = 55% Profit Spot = 11% profit Stay nice, this is not financial advice. mrnicegvy
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. Possible Targets ➡️Test fundamental price 1$ and global support trend line ➡️ Retest on D1 downtrend fib line ➡️ Retest 0.23 level FIB to make a continuation move UP ➡️ After retest...