Algo has been within a channel since the start of October and every time it reaches either extremes of the channel, we get a really nice reaction. We are looking for a similar reaction this time round. Trade Idea: - Watch for price to come back to the channel support and show bullish momentum - Enter with stops below the channel - Target the recent highs as...
Hello? Welcome, traders. By "following", 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: uptrend expected to continue (1D chart) First resistance section: near point 2.30117362 Second resistance section:...
If it does test the ATH it may not break through it on the first try, it will probably be the second unless it comes in with incredible volume and velocity. If it doesn't break out it could break down to the 1.87 level, the lower bound of the pennant/triangle. My money's on Algorand breaking out and flipping ADA then ETH.
2nd chance again on algo here! Grab some and enjoy! Follow me for more winners
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. The Algorand mainnet...
#ALGOUSDT $ALGO shaped cup and handle pattern that the targets is around $3. there are trend lines that price is trading below a line, breaking out from the current line will lead price to $3 in mid term. but if price stay below this ascending line, possible to drop to support zone and even lower.
What Are Fibonacci Retracement Levels? Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They stem from Fibonacci’s sequence, a mathematical formula that originated in the 13th century. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The...
Hi everyone Assuming a resumption of the uptrend, the initial resistance of cows in the two-month price range is around $ 2.43. After that, the $ 2.55 price cap will follow Returning to the $ 2.55 level paves the way for the 2.63 target Due to the downtrend, the price can now move towards $ 1.94 If the bearish trend continues, the bears could dominate the...
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If ALGO finally breaks its resistance at $2.26 we are probably going to see ALGO at its ATH again. But if it gets rejected again we're going to have a triple top and in result of that ALGO will fall to about $1.90 or below. Just keep an eye on ALGO!!!!!
Algo Buy time for Quik 2X Profit.. Buy :- 2.1-2.2 Sell:- 3-4.+
ALGO Long tech. analysis. Horizontal channel and possible break out.
Algorand has finally broken out of the sideways trading it's been tracking on. Algo is now tracking on an ascending channel, leading back to $2.39. Price $2.49-$2.60 within range by Mid-December. Algorand is also trading nicely within the top bounders of a Fibonacci retracement pattern at the moment. support at $1.94-$2.00. related published ALGO idea linked...
Top of the Morning! Algo had a good run, it's hit almost ATH but it shows rejection on going further up for now. My DCA levels are: $2.08 $1.91 $1.72 $1.54 Cheers!
First things first, monthly chart looks very bullish. Very obvious higher highs and high lows, market structure break leaving monthly demand zones. Using the fib trend tool, we can guess at AlGOs next target which would be 3.3057 which is our 1.618 fib target. Judging by the current swings in the market, if there is some sort of major correction, I'd expect price...
I think the next time we touch the blue trend line running through the middle of the chart, it should break. Which would give $algo great upside to the higher green targets w/ a potential of $6 as the final target. The key level to break on the upside is $2.56 (ATH) which would provide a path for continuation upwards. However, the question is, what is the path to...
ALGO looks very good and I think we'll see that soon with green candles