Here is the full ALGOBTC roadmap until new year.
- 0.76$ peak on Aug 14 has lead to a deep correction in term of price - 38-days of bearish trend should end soon - 0.30$ should act as a psychology support - BUY at CMP with RR 1:3.08, TP at 0.43$ zone, SL: Anything below 0.25$ - Mid to long term trade, good to hold spot/margin - Futures trader trade with care Bonus: - Recent bull-run created a higher high, next...
💎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...
Guys. Please do not hold me. I am buying This!
Take a look @ this chart...it looks bullish The only problem is EMA 200 on daily, we closed 1 candle under, let's see how today and tommorow close
Evening Traders, Today’s analysis – ALGOUSDT –price action is at a key pivot, currently holding the Daily S/R Points to consider, - Trend impulse sell - Daily S/R Support - 21 MA Resistance - Oscillators below 50 - Bearish PA ALGOUSDT has had an impulse sell into key Daily S/R which has multiple technical confluences, proving it to be a true trade...
Algo looks to be forming a descending broadening wedge. It has fully retraced since its last big run. Looking for the strong support here to hold. Enter .342-.35, S/L .3365.
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
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...
This is not investment advice, it is just an idea.