After successful formation of bullish BAT now the Priceline of Algorand / US Dollar cryptocurrency is forming bullish Shark pattern and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.1998 to...
Priceline of Algorand (ALGO) / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.2207 to 0.2093
Sell between: 0.2477 to 0.2883
Regards,
Atif Akbar (moon333)
Algo is looking to make a bullish rebound. On two previous occasions we saw the price in a downward 12345 wave while the RSI was reversing during the same time and the OBV was bottoming. We may see a similar event soon with the current wave in the 5th wave and will test the diagonal support (most probably with a wick). The RSI and OBV are showing similar...
ALGO/BTC
ALGO is on healthy pullback consolidating above support area 0.382 - 0.5 Fib. If ALGO can sustain this level of support in the coming days or weeks.
There is a high probability to continue its uptrend again provided no red flags happen.
I have been following this coin several months ago, when I saw that the volumes were coming, from that time the coin was moving in a horizontal trend, or I would say in the accumulation zone.
I already made a profit with this coin
Why do I think this coin will grow?
1. Because it is a Proof of stake coin and large coin holders, I think they will not sell it
2....
Priceline of Algorand (ALGO) / US Dollar is forming a bullish Gartley pattern and soon it will be entered in potential reversal zone insha Allah.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.2691 to 0.2629
Sell between: 0.2740 to...
Algo broke its trend heading down on the 4H..nothing significant which tells me we are still heading down in price.
Buyers can't get a grip yet and that is def. due to the buying power of BTC right now. Investors are tossing thousands of bucks into BTC at the moment. Alts tend to have effect with this in both positive and negative manners depending on how an...
Priceline of Algorand (ALGO) / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.406 to 0.275
Sell between: 0.507 to 0.753
based on Renko. also bolinger bonds and stoch RSI, it looks buy opportunity. Also in 5min candles you can see possible ascending triangle pattern. wait until 0.563 which is bolinger band moving average. then buy
