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
Been stocking up! look for entry if it retests previous levels. Algo is a great project. Follow me for more winning charts!
Another resistance level breaking. In the words of @CryptoTrading_KenStandfield - the Altcoins are being pulled by Bitcoin's gravity. I am seeing so many ALTS breaking out! Target 1: $2.40 Target 2: $2.60 - $2.70 Come on the Alts! Boom, theRaggy
ALGO looking absolutely great, after being in consolidation for a long time is ready to PUMP. Looking extremely good, just need to wait for clear breakout with a good level of volume. In the meantime the massive ascending triangle will still going on, the more times we hit the resistance, the more likely it is that we will be able to break it and hit a new...
Algorand (ALGO)’s main aim is to drive low-cost cross-border payments. Being a PoS protocol, the network needs stakers for security and transaction processing. Unlike Tezos, it uses the pure proof-of-stake (PPoS) consensus mechanism. However, it still requires stakers to run full nodes. Furthermore, there are third parties who support ALGO delegation. Staking...
So here We're , Algo after the big move moving into the summertical triangle and now on the Good Support , So Just Wait to Volume and after Breakout the triangle , you can buy it , Please Share your Idea about this chart NOT FINANCIAL ADVICE HAVE A GOOD TIME Fellas
Algo is climbing up the ascending triangle. Red box resistance break will signal an imminent move to ATH. DYOR and GL!
VERY solid fundamentals on this one, long term price has been flowing in impulse moves upwards with consolidation flags in between. Price is currently in a squeezed flag and is testing our breakout area - need to see a 8h - 1 day break out of flag and resistance area - will want to have a Bollinger band beak - first take profit @ 1.618 fib extension level -...
Here is my take on ALGO / USDT 4H. We are witnessing a triangle formation with a potential breakout. If the ranging motion continues then we can consider the pattern as invalidated. If the triangle breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: TG1 - 2.08$ TG2 - 2.18$ TG3...
Once it breaks above ATH, next stops are at $10 and $20. Price gonna finish cup and handle and then it can moon quite drammatically.
RSI is showing strength maintaining above the 46 level. The 50-day MA passed up through the 200-day MA signifying a Golden Cross. MACD doesn't look the greatest but does appear to be moving in the right direction. Scenario A: break-out of the triangle, zoom towards previous ATH, contend with it momentarily and then make new ATH Scenario B: breakdown out of...
Whichever direction it will take it will a good trade. Enjoy
The Algorand price analysis shows that the ALGO/USD is correcting today. A decrease in price has been observed as bears are ruling the charts today. ALGO remained bullish for the last four days, and the price uplifted during that time but to a limited extent. Overall, ALGO has been following a wave pattern for more than a month and has been unable to break above...
there is 2 possible scenarios : Success break out the triangle and pump to target levels or breaks down the support at 1.7 and retest 1.6 and 1.25 My idea is uptrend scenario and waiting for good entry point after success break out
- consolidated for 1,5month - slowly upward sloping price - flipping 2USD zone as support will open the upward potential - 1.236 extension of summer run-up - btc pair rolls/rolled over
Hello everyone, if you like the idea, do not forget to support with a like and follow. After breaking the orange resistance, ALGO has been stuck inside a range in the shape of a symmetrical triangle highlighted in purple. For the bulls to take over, we need to see a break above the upper bound 2.13 marked in blue. In this case, a bullish trend continuation...