#ALGO/USDT $ALGO is between descending trend lines and now is above support, there is a fractal from last swing down that till now it is the same as this swing. if price follow this fractal, ALGO has to stay above weekly ascending support and head up to descending resistance and break it out to touch $3.
Algo is currently fighting to recapture the 200 day MA as well as the .618 fib level. If it doesnt manage to break above both then we could see a drop to the .786 fib level around 1.10. I would wait to take a long position until their is a convincing break above the .618 fib level and 200 day MA.
Hello traders and investors, Today we have looked at the ALGO / USD pair. Assuming that 2020 March low is the beginning of a primary cycle (purple) and that 2021 February high is the beginning of extension in primary wave 3 (hence intermediate blue wave 1), I can only be extremely bullish that we are in a 1-2-1-2-1-2 pattern that is unfolding towards new...
Hi everyone, Algorand is a promising project with a great team. The chart also looks fantastic, being in a very pronounced uptrend since around April 2020. This uptrend has involved previous resistance being turned into support, something which I believe is happening now. Due to the promising nature of the project and it's having a very modest market cap of $8...
Since the corona capitulation, ALGO has been trading inside a well-defined bullish uptrend. With the recent fall of BTC, it's only natural that alts like ALGO will follow. However, ALGO is closing in on the support line of the bullish channel, making it likely that ALGO will bounce in the near future. Wait for a confirmed trend change of BTC before trading....
it's no secret that i'm bullish on ALGO long term, and i think we're likely to see strong growth starting in Q1 2022. here are a few reasons why: the new governance model is beginning, and users will be locking up supply for extended periods of time, effectively taking algo out of circulation. supply down, price up. el salvador committing to algorand...
In the past it has never been a bad idea to buy at these oversold levels !! RSI around 33-34 level has many times been a good indicator. Moreover ALGO is right above support !
BINANCE:ALGOUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets ➡️We tested 0.38 Fib global chart since 2019. (1.39$) ➡️I mention how much % Algo made last 2 times when we touch bottom on 1D on RSI ➡️According by cup and handle...
Hello everyone Possible directions of ALGO price movement Good luck
Updated chart for ALGORAND which had a nice recent Pump and Dump that hit our 3 previous targets. Remember: Buying and Holding will get you places but learning how to take profits and buying the dips will take you there faster... 3 Reasons to Buy Algorand : 1. Interoperability 2. Smart contracts 3. Algorand's growth potential is impressive For hypergrowth...
I am looking at the 1D chart for Algorand. I show the top and bottom multi-year trendlines and it seems that we may have some downside to go possibly based on historical trends. I showed a possible fractal from the past that may play out again. Lastly and most important, on the daily chart there is bearish divergence. This may be a good indicator of what's to...
Buy now and sell at $5 & $7 Wave III is coming for a huge movement
Can you imagine if this happened? LOL it would be a brutal wake up call
Dear Friends i have noticed possible Wyckoff accumulation forming with Algorand/Bitcoin market pair. Now in phase A at PS, AR, SC and ST the spread does not behave quite as described in Wyckoff method but the price still does appear to be bottoming out. buy now at ~0.00003500 stop loss at 0.00000708 profit target 1 at 0.00006000 risk & reward ratio 1:1 profit...
Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ALGOUSD 1W Chart) - Mid-Long-Term Perspective Above 0.76754798 point: Expected to create a new wave. (1D chart) First resistance section: near point 2.30117362 Second resistance section:...
Anthony scaramucci ~ "The Future is bright. The more you learn about @Algorand the more you will realize how big a part of the future it be. Carbon Negative Crypto. " For some reason this crypto resonates as a whole with me. Fundamentally and technically, from a logical viewpoint. While Mr BTC or ALTS may actually be entering a bear period for a while, this...