Looking at Algorand/USDT 4H on Binance, it seems like there is a long road ahead for ALGO bulls. We see two recent rejects at the .5 FIB / $.24. The retracement found support on the 200MA but the subsequent bounce was unable to fully recapture the .382 FIB at $.225. I'd expect some chop between the 200MA & .382 then a drop down towards $.21. With the two...
Supports do not seem to be holding the price resumption downward. I expect the next support to be at 4h timeframe entry price area. NFA
Hello guys. ALGOUSDT in Daily TF. Look for rising triangle in chart... Thanks.
Algo stands at the double Fibonacci support, which implies a potential short-term rally throughout this week. A new lower low will immediately invalidate bullish outlook, but for now things are looking bright for ALGO.
After a minor pullback to change of character area, I expect a liquidity grab from the prior high and go down from there. NFA
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. We don't need to draw a lot of lines on a charts. Here is weekly timeframe and everything what you should know about Algorand price action for 2023 Possible Targets and explanation idea ➡️Weekly chart....
◳◱ A Resistance Breakout and Confirmation has been detected on the SIX:ALGO / CRYPTOCAP:USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.2247 | 0.2329 | 0.2501, and the major support zones can be found at 0.2075 | 0.1985...
Hi dear traders ALGO moving in flat channel. The price is retesting the 0.2244 resistance and making a false breakout. We can see bearish divergence between price and volume. I expect the price to return to the specified area. We are trying to take 📈 in short term Wait for confirmation All targets specified Let's see what happens This is not financial advice...
HTF - We are about to print LL and imo 2023 will start with a Bear Market Rally. LTF - I dont know, I dont care, I am not good at it. I only SPOT TRADE. This is my 2nd bear cycle and about to be my 3rd bull cycle, and if history at least rhymes with the past, then it’s time to accumulate.
Hello Traders! Welcome back to another trade with analyst Aadil1000x. Today we are selling Algo because of a strong reversal pattern. Algo SHort Now @ 0.2223 Stoploss 0.2275(-2.3%) Target 1, 0.2157(+2.9%) Final Target 0.2107(+5.17%) Don't forget to hit the like button and follow to stay connected
Traders, Unfortunately, I am too uncertain about how altcoins will respond when Bitcoin pulls back to tolerate this level of risk on the table. So, I have chosen to take profits on two coins coming up into resistance here: ALGO and DOGE. I will re-evaluate a decent re-entry area once I know this resistance is or will be defeated. Stew
Traders, Bull Flag here. Bought at .21. Will hold to .26 or the 200 day ma, which ever comes first. Stew
Hi traders... As you can see in the chart, over the past 2 weeks, price increases has happened in alternating time patterns that include Fibonacci time zones. The next iteration has the power to push the price towards the daily pivot and I expect to see the price rally in the next 48 hours. BINANCE:ALGOUSDT COINBASE:ALGOUSD ⚠️🚨 Risk warning, disclaimer: the...
Algousdt Getting Attention of Buyers, Big traders are showing interest in Algo Hope to see a breakout very soon. Wait for Breakout Incase Of Breakout Expecting Massive Bullish Move. Remember: We only give ldea's from our experience and knowledge, it does not mean that it will be 100% correct, the market is always unpredictable, anything can happen anytime. Always...
Traders, Algo has broken the triangle definitively. But I hesitate to enter for several reasons: 1. That 50 day coming down hard 2. Still not above .227 cents level 3. Need at least one confirmation candle on the daily above .227 and preferably above the 50 day ma. 4. Still expect BTC to draw back more. 5. Headed OOO for the next week and a half and I don't want...
By the time of writing, ALGO has already down 95% from its ATH in 2019. Meaning, if we buy now, and it goes back to ATH, we can profit up to 20x our investment. A very good deal, don't you think? In addition, Algo is now sitting at a multi-year weekly support. Even if Algo does not manage to reach its ATH, but only to let's say its weekly resistance, the...
Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 0.3 - 0.36 - 0.44 after first target reached move ur stop to breakeven Stop: ~0.18 (depending of ur risk). ALWAYS follow ur RM. RR: 1 to 5 risk is justified Good luck...