The price is drawing a triangle. Once we break a current resistance, the next target is gonna be around 507. Zones of interest and targets are on the chart. Good luck everyone!
Signal
ALGO/USDT
BUY
Open 5227;
SL 5031;
TP 6432;
Risk/Reward: 1/6.15
We are located in the ATL zone. We expect a rebound up to the nearest resistance level. Also, these expectations are confirmed by fundamental factors.
Investment company Algo Capital raised $ 200 million to develop the ecosystem of the Algorand blockchain. Among the investors of the specially...
ALGO broke out from the Falling Wedge and will move up to 0.75$ in just 3 days.
Accumulate : 0.56-0.57$
Sell : 0.63-0.69-0.75$
Mid-Hold : 0.88$
Stop : Under 0.545$
Scaling into ALGO in 540 area here for a bit of a knife catch attempt as we approach the start of our daily uptrend at 531. Watching for a bounce and hopefully a break of the downtrend from the recent move up. Be sure to set stop losses, if this one breaks down could be new ATLs.
Entry: 530~540
Stop: Below 512
Target:
592
675
817
BTC Tips:...
After a resent pump the coin is flatting in the channel. Right now the price is at the lower border. You can take a small position from here if you want to. But keep safety orders at the lower buy levels. First seller will be on the middle of the channel - then at the upper border. Zones of interest and targets are on the chart. Good luck everyone!
...
Priceline of Algorand (ALGO) / Tether US has formed a bullish BAT pattern and entered in potential reversal zone.
I am expecting that next candle stick will be closed sideways within the potential reversal zone so we can wait for next next candle stick before buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.705 to 0.683
Sell between: 0.758...
Priceline of Algorand (ALGO) / Bitcoin is completing the final leg of shark.
I have defined the targets using Fibonacci sequence as below:
Buy between: 0.0000609 to 0.0000593
Sell between: 0.0000634 to 0.0000657
Regard,
Atif Akbar (moon333)
ALGO is still fluctuating in bullish patterns, so our plan is to buy the low price and wait to sell with profit!
At this time, we can wait it to buy at 620-580 or even 550-500sts
We can hit 690sts in just 3 days
Currently watching ALGOBTC here for a possible entry. We broke out of the downtrend earlier this week and had first test of the 675 valley for a possible sign of reversal.
Currently coming back down towards the start of the recent breakout at the 575~600 area. Would like to see this area hold over the next day or two if we are going to maintain uptrend.
One of...
ALGO/BTC (Algorand)
- In 4 hrs Timeframe, Forming Falling Wedge Pattern (Bullish)
- May Be Test the Support Area Before Move Up.
- Falling Wedge Breakout Expected If Hold then Bounce Back From Support..
Buy Around 500 - 520 Sats
Sell Targets 560 - 620 - 680 Sats
Stop Loss Below the Support..!!
Please, give us your opinion in the comments!
If you...
It seems like we have completed correction of last attack and 0.618 fib. level is a good support. Still has an increasing RSI trend line and still oversold daily.
In my recent ideas I suggested, that Algo had a breakout from a Falling Wedge and that more upside movement would follow.
And there was a move to the upside, but not very strong and not with a lot of volume. So now it seems to me, that there was no real change in trend yet.
The bulls are still hesitating. So I adjusted the wedge... Let's see...
