Trading with ALGO at this moment is quite risky because we can't be sure of the next trend of ALGO. But I think ALGO will bounce back and conquer the 0.32-0.335$ zone to resume the uptrend. But if ALGO continues to decline, it will drop to the 0.26$ zone and possibly fall to the 0.22$ zone
📈BUY
-Buy: 0.32-0.0335$ if A. SL if B
📉SELL
-Sell: 0.4-0.42$ if B. SL if...
Hi friends hope you are well, and welcome to the new update on Algo coin.
Breakout from wedge pattern:
On the daily chart, the priceline of Algorand coin started the formation of wedge pattern in the 1st week of Nov 2020 and now finally, it has broken out the resistance of this wedge.
Reached at $0.50 resistance:
While breaking out the wedge’s...
Hello everyone!
There are two inverted head and shoulders patterns on ALGOUSD.
I think the dip of the price of this token was at 0.2221 in this time-frame, meaning the level I mentioned is a great support and the pair is heading upwards.
- Head and Shoulders formation on the daily chart
- The price is above key market structure and can continue higher
- You can set your profit target at the top of the upper trendline
- Great Volume + RSI
If you want more of these ideas, hit the like button and follow me, so you don't miss any update!
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#ALGOUSDT Technical Analysis Update
Waiting for the Resistance zone Breakout
ALGO/USDT currently trading at $0.438
LONG ENTRY level: Above 0.4700 (only enter long after 1 H candle closes above the resistance zone)
STOP LOSS: I will update once I see the breakout
Resistance level 1 (Target 1): $0.520
Resistance level 2(Target 2): $0.560
Max leverage:...
ALGOUSD D1: XABCD 40% gains BEST LEVEL TO BUY(SL/TP)(RECAP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Congrats if you followed. setup already running
at +20% gains, 20% upside left.
click play to recap orignal trade setup.
🔸 Summary and potential trade setup
::: ALGOUSD 2days/candle chart review
::: XABCD...
ALGOUSD D1: XABCD 40% gains BEST LEVEL TO BUY(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ALGOUSD 2days/candle chart review
::: XABCD setup in progress
::: currently ACCUMULATION MODE
::: point C is near 27cents
::: BUY/ACCUMULATE near market
::: strong bullish...
I love Algo, love the team and what they want to do. I count 5 waves up and it looks like we’re sitting on a great support zone. Folks are loading up. This is a good price. A 1:1 ratio move would put us at 1.60 but if this is a 3rd wave of the larger degree we could go even higher.
Note: I do own this and I’m not advising anyone to buy this, but do see the price...
Hi there guys. Here on a weekly chart, we've got ourselves the famous (or infamous lol) triangle plus hush ribbons indicator that clearly show that we're in a bull run. I'm expecting ALGO to go to at least 0.55-0.57 with some slight corrections on the way. Of course, we'll need bitcoin to either stay in between 19200 - 19600$ or at least not move farther than 19K....
ALGOUSDT (4H CHART) Technical Analysis Update
Trend line breakout
ALGO/USDT currently trading at $0.3010
SHORT Entry level:0.3200 - 0.3300 (wait for the retracement
STOP LOSS: 0.3400
Support level 1 (Target 1) : $0.2970
Support level 2 (Target 2) : $0.2800
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical...
as provided in the chart as most of crypto are forming the same descending triangle.
but for algo it is different some how as it has a massive potential when break out come
predicted to touch the support 28.0 cent at the mid of dec.
break out of triangle in the last 10 days of dec.
january will be a fire month for algo and the whole market
enjoy trading it...
