Algo testing now the major trendline support (white) and bounced from there If the price can hold above this area and break the trendline resistance (purple) can be a good buy But for me... best buy area when also break above ema 100-200 around resistance 0.37$ Stability above this resistances can lead to great jump If you like my ideas hit like and follow for...
Hi As you can see in the chart, the price has broken a downward trendline and pullback. Besides, that price got supported on 0.618 Fibonacci and on an upward trendline. There is a visible bullish divergence. --------------------------------------------------- What is your opinion? Comment it below. If you like the idea, please hit the like button and subscribe to...
Algo is in a good position for a long time. Reversed from Fibo 618 support and stabilized above the static resistance level and I think it can break the trend and move towards the black Shinigami and touch the targets that are specified.
💎Technical Analysis Summary💎 BINANCE: ALGOBTC -Algorand is now testing a strong support area -This zone is a confluence of previous resistance and support -If ALGO can hold this area for a few days -And BTC starts consolidating normally -There is a chance, this coin will bounce up to 3500 sat -But if the support fails, the next level to watch is 2000 sat -So...
What a crucial image. Same Head and Shoulders as a few weeks back, just bigger! Looks like we have a waterfall scenario here... For the ones who hold ALGO, better pray... Happy Trading!
Algorand looking as if it is building one massive broadening triangle which could go into both direction when hitting the bottom. Looks very bearish at the moment. Also built a H&S in shorter time frames. Good luck with that one! Happy Trading!
Guys. Please do not hold me. I am buying This!
price at weekly support if we hold this price than we can move higher from here else it can touch 2500 satoshi zone.
It has been since October 2019, #Algo is in accumulation mode and it is now testing the upper level of its range. I think there are 2 possibilities: a) Successfully passes above the resistance, retest and continue b) Failures and continue to accumulation. In the end, after the accumulation, there is a big upside potential for #Algo.
BINANCE:ALGOUSDT has pottential of good profit if it passes 0.42$ MACD hidden divergence RSI hidden divergence triangle pattern good possition in fibonacci lines should passes 0.421$ buy in: 0.421 TP1: 0.542 Tp2: 0.66 SL: 0.2692
REALLY DONT KNOW
Algorand Analysis - 13 September
Cup n handle forming on ALGO - ready for a next run? MFI is increasing - small bullish divergence Bollinger band is tight Price is on MA $ALGO
I expect market to be bearish next days, because of BTC dump... We have formed a channel, now we are @ top line and also EMA200 on 4H 6H 8H charts Very possible to drop until fib 0.718, previous big support and also bottom of the channel 0.24 area From there is will be best long setup until 1$ - 2$ Algorand is a very very very good project, is a game changer...