*Not Financial Advice* Algorand is the first crypto I got into (after BTC) so of course I dove deep into it. I don't expect this coin to moon in a matter of days so this is definitely a long term hold due to it's uses. Looks like a rising wedge pattern to the ATH of 1.86. Expect resistance along the way but eventually hitting $2 and beyond.
ALGO about to flip resistance and turn it to support. Time to get long.
We broke out the orange consolidation zone & found support on it. As long as it holds the black trendline & the blue resistance zone which is now support i see more upside momentum coming this week to $2.4
ALGOUSDT (4H Chart) Technical Analysis Update Resistance zone breakout ALGO/USDT currently trading at $1.48 Buy-level: Above 1.49 (only buy if 4h candle closes above the resistance zone) Stop loss: Below $1.352 Target 1: $1.60 Target 2: $1.70 Target 3: $1.80 Max Leverage: 3X ALWAYS KEEP STOP LOSS... Follow Our Tradingview Account for More Technical...
We are now breaking out this blue consolidation zone where 61.8 fib resistance also is. When we break 1.45 again we are going to see our next target at $2.45 ! (1.618 fib extension) More confirmation is a daily close today above the blue zone.
Hello guys, nice setup if you like ALGO. It´s time to go up. Just be careful about BTC dominantion/ DXY index. Everything else looks good now. SL is set under strong MA´s on the start. Don´t forget to take profits. When you´ll take TP1, set your SL on the entry position. When you´ll take TP2, put your SL on the position of TP1... Because everything could...
ALGO support curve indicates it might go up nicely through April. Certainly, the low market cap of Algorand and the positive market sentiment could support such growth. -------------- This content is just my personal opinion, does not constitute financial or investment advice, and you should not execute any trade based on it. Please do your own research.
Overview - Overall has been making a nice rising structure which has the potential to take off towards the current last high. I spend the hours getting free trade set-ups for USD pairs so you don't have too. Don't miss out and Follow! Let's start from the top! Price Chart - 4hr chart with 20/50/200MA's to help indicate future supports and resistances -...
There are big possibilities we could see some pullback here due to RSI on 4 hour and below already on overbought area. I see some big support around 1 USD and 0.9 cent area. This could a great place to long. Daily RSI almost reach overbought area but lower TF will make a correction. I see hidden bullish divergence on daily. We will see some pump if BTC going...
Algo is ready to breakouot within this week on next Long Position is mentioned , and the upcoming targets Best Buy right now & hold for next 1 or 2 months for good profits Like and comment if you like my idea
Market doesnt repeat but it rhymes. We you find such an identical fractal, you can bet the market structure WILL REPEAT. I was in FET since 0.06$ and its now 0.70$. I get the same feeling from Algo that I had back then. 3.40$ in April in my opinion. 6.70$ in the next 2 months. Therefore, It shall become my biggest Alt bag. Period. Targets are on chart.
Good fundamentals Again huge exapansion late Jan early Feb, massive 40% correction Into range and formed a bullish break of trendline Recent sell of due to big bear divs 4H, now cleared Should be up if BTC doesn't correct again
ALGO over $1.45 resistance can imply a 18% move back to $170 lvl area. The last 10 days has shown a nice rally from $1 lvl back to $1.45. We formed a nice bull pennant on the daily chart and right now looks to be breaking above. I will look to enter over $1.45 for a swing, SL at 1.38.
Algorand looks to be testing the top of an ascending channel (red dashed lines) once again similarly to how it did at the end of March. A break here could be a great sign for ALGO as it could signal a new ATH , but there is also bearish divergence forming both on the 4-hour chart (blue lines) as well as on the daily chart . If resistance holds here, it could send...
Currently ranging in a bullish symmetrical triangle pattern where we found support on the 38.2 fib level. Next target 1.618 fib extension. $1.74
Algorand has a very good team and a lot of developments are going on. ALGO is forming an ascending triangle and respecting the uptrend line. ALGO bounced from the trend line and we see a good rally after it breaks the triangle. Build your position before the next rally. Buy Zone: $1.3 - $1.33 Target: $1.49 - $1.64 - $1.78 - $1.95 - $2.2 - $2.45 - $2.7
Algorand has had a good last week of recuperation with +30% boosted by the general recovery of all currencies especially the Altcoins. 2-3 days ago it bounced off the resistance of the bullish channel which it has not been able to break and came close to the $1.20 level where there was strong buying from the people. Currently it is a bit far from both the EMA...