Algorand has built a BULLISH base and holding the base breakout and consolidating BUT looks like it is ready to blast off.Bollinger band contraction supports a big move in the cards and the upside trend favoured currently rather than it dropping. Interesting chart setup!!!
1931H +8 SINGAPORE
ALERT: About time for $ALGO to PUSH UPWARDS.
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The top of the wedge was indicating a 1.94 resistance level which we have broken through today with good volume. The MACD looks poised to make a go at holding that 1.94 as support now. I would look for support at the 1.92 level and then the 1.78 level below. There will be resistance at the 2.07 level and the 2.12 levels above.
In this chart we are currently being pushed up and down at the same time, slowly approaching a decision point for the pair. I think a bullish breakout has better chances of happening although both breakouts are possible.
We have a similar target for both, targeting the start of this triangle trend, there are alot of possible entries in this one so pick the one...
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ALGO is trying to break the orange support/resistance again.
on H4: ALGO is forming a symmetrical triangle in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
After weeks of consolidation and a confirmation of
a breakout on the top trend line in a symmetrical
triangle... Along with upwards momentum shown
below on the MACD I believe the next week will be
very bullish for $ALGO. Even a retest of 2.50$ ATH
price level is within reason.
Additionally "Governance" on Algorand's blockchain
currently has 1.88 billion $ALGO...
ALGO had a strong breakout in early September and has been since in consolidation above the 1.5$ area.
Prices are in compression days after days and could well go for another impulsive move up.
I would wait for the MACD to go green and the upper BB to open before catching up a move as a fake signal could be given.
This on is to be follow, we could anticipate...
Algorand ($ALGO) New FIB: If $ALGO can close and confirm in the FIB above, $ALGO will start its BULL-run @ $1.97 Currently $ALGO trading sideways, BB squeezing tight, RSI in the Goldilocks zone and MACD BULL-ish cross over. $ALGO looks primed to 🚀🚀🚀
Algorand is poised for gains. The yellow rays are my DCA points thus far. I am using this simple chart to track its trajectory.
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All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid...
$ALGO has been consolidating for weeks now, since the mid-september move after hitting 2.50.
The 1.55 area has shown strong support after being tested multiple times in late September. Each time on less and less volume, indicating that selling pressure is waning.
Price is currently bouncing off its 50EMA and the bollinger bands are tightening. I still think we...
I'll be honest, I did not expect Algo out of all of them to start pumping like there's no tomorrow the moment BTC crashed. I love this little coin! But it's been really quiet for a long time.
Here's a simple set up on an hourly chart. I love using fibonacci channel when I see a clear trend up or down like this. That way I can see the levels it's less likely to go...
ALGO Trade had a hammer bouncing at a strong support forming a morning star reversal, bouncing off the 50 ema, with momo triggered at the begging of a new moon, Bitcoin seemed to had sold off into Etherium which was selling off into the alt coins. The hammer had already closed so I did a market buy because all ready 100% knew I wanted to be in the trade. Didnt hit...