Algorand is looking great and prime for a strong move up. Recent attempt to breakout and retest failed, but this gives us another good entry position. This trade is a mid-term trade, so no expectations of quick gains.
Two potential TP targets for mid-term.
Algo/btc has yet to see some big moves unlike other altcoins the last couple of months. Patience should...
ALGO finally broke out of the descending trendline, we are looking for a potential x2 midterm. Patience is a virtue. A retest of the trend might be expected. This will remain positive as long as we don't have any dump on BTC side.
Please do your own research and analysis, this is not a financial advice.
Algorand (ALGOBTC) is now moving back above EMA50 after testing the 0.786 Fib. retracement level as support.
This is a bullish signal.
After the high volume bounce, w can see that consolidation continues to take place.
The support level has been defended at a higher low... Prices can easily jump next.
The next target is marked on the chart with red.
#ALGO/BTC TA Update:-
#ALGO/BTC currently trading at 2030 Satoshi
And our entry was 1900-2000 Satoshi as per last chart.
According to my TA #ALGO now Trading at All time strong support.
As per chart 1900 Satoshi is strong support but My entry zone will be 1600-2000 Satoshi .
I will accumulate if any big dip.
Entry:- 1900-2040 Satoshi
ALGO is a very very good project that has been adopted by the Marshal Islands for their currency.
The federal reserve has deep ties to the project and the best engineers have left IBM to work on this project.
ALGO will be huge !
ALGO pays 7.2% interest by simply holding the currency in the wallet.
Price has been basing out against bitcoin for 18 months and has...
ALGO has been showing off the power of the Chaos PRZ (4.669 and 8.77 fibs) as a targeting tool since early 2020.
Having successfully navigated the reload zone in March, this is one we've got a position in for what looks like could be a very strong 2nd quarter for altcoins.
The timing of arrival at the. 8.77, as drawn on the chart is arbitrary. The white circle +...