algorand is a great project and have a planty of good news. now it made a double top (ignore that huge shadow) and can make its way to the top
I am watching Algorand and studying its fundamentals since long. This blockchain is with strong basics and well planned future plans. If we see pattern in ALGO now, it seems very positive to me. We may see $2 range within 5-10 days. Tip: We may LONG/BUY it and take profit after $1.95 level. Stop loss should be around this level. If you want to go for long term, ...
This is my trade idea, not an advise. I think it can go very high, but for now I prefer set the first target not too far. Waiting for breaking the resistance before entry.
Algorand is in a nice setup towards the downtrend-line - if it breaks chances are that we can see +180% from here within the next 90 days. Even more realistic if Altseason is about to start. The slim white lines represent support/resisitance-levels that we want to overcome. Good luck. Trade carefully. Be happy with 10% every here and there. Consider stop-losses
ALGO has consolidated enough already. Getting ready for the next ATH. S/R flip worked perfectly with hitting ATH on 1.618 fibo level and consolidating afterwards. Needs to cool off momentum and will be ready for the next leg
Avoid leverage like a disease, what if Algo decides to hit 40 cents first? Can't rule any scenario out; specially with this unpredictable 200m pending to be released traitorous coin.
ALGO appears to have a 3rd test of the 50 RSI (third time’s the charm) on the way as well as the MACD curling up, histogram is lightening. The triangle looks ready to pop and has reached its apex. Unfortunately, the daily moving averages don’t seem to be giving any signs at least to me, so please point it out if you see something. Despite this I’m overall...
in my idea algo ready to move , so the first target is obvious on the chart , let see what happen next !
Here is how I would trade ALGO / USDT 1H Chart in a falling wedge formation. Since the RSI is approaching overbought condition, I would wait for the price to move back into the falling wedge and bounce of the dotted lines. If the price breaks the upper line of the falling wedge (again) - I recommend that you wait for a solid confirmation - then enter a long...
Algo is Ready to Fly Again.. Entry below 1.800 Targets. 1.9600 2.2000 2.5000 2.8000 3.2000. Stop loss :- 1.5900
I have drawn up some Fib circle describing a bullish move to a spot that has been a previous trend rejection point (red ovals) Price comparison points can be drawn between the green ovals Major trendline in bold white line The Cup and Handle pattern is an addition that supports the bull idea
It has grown to abc so far and is expected to drop or correct three downward waves
Algorand is formally a public blockchain but sharpened to corporate culture for commercial use. It is headed by MIT professor Silvio Micali. He is a good acquaintance of Harry Gensler (current head of the SEC). There is a possibility that only Ethereum and Algorand will be popular in a few years. Many other blockchains will simply occupy a small niche for their...
$ALGO has been lagging behind in price action lately, after a pullback from it ATH of $2.50 level. A symmetric wedge is currently forming on the daily chart, and with Bitcoin being pumped about 15-20% since last week, it time for money to enter alts. With excellent technology and fundamentals $ALGO is comparable to the likes of $ADA (Cardano) which currently...
Have been a big fan of Algorand here lately. Hard to find the channel, it's subject to change. However if it were to stay in this current channel then outlook for the next few years looks promising and a good buy and hold coin.
Good accumulation in the 15 min chart, if the price doesn't break the support we'll have a good bull run
BINANCE:ALGOUSDT Look at this cup and handle pattern forming since June 2019. This is perfect TA pattern which give us potential move upside to 5.50 (1.618 Fib) Also we just trade exactly on 0.5 level FIB in monthly timeframe . In local timeframe we have a higher low and lower hight so we are forming triangle with potential upside break out. Target of this...