Hi guys, this is a Macro outlook on Algorand from the daily logarithmic chart. I titled it double your money because I believe we are either in a leg three wave or leg 5 wave on the macro perspective heading towards the $3 mark. If we are in the third leg, well we can be a bit more bullish on our macro target and say we are heading beyond the $3 mark. If it's also...
I’m long term HODL on AlGO, so will probably pick ip some more if/when it visits the green dash. If it hits the yellow price points, I’ll probably also pick up some more, but will be watching the price action to see if it makes more sense to wait for a bigger dip. For instance, if it starts headed to the red dashed level down the inside of one of the smaller...
Selby Geometric Extrapolation Structure for ALGOUSD Algorand
Timeframe: 2 DAY interval
November 2020 - February 2023
Exchange: PHEMEX Perpetual Futures Contract
With 'standard' fibonacci extension levels for multiple new (ATH's) all time highs
Selby finding creative patterns in charts on Tradingview
Not advice for investing, but I am one to...
*Not Financial Advice*
Algorand is the first crypto I got into (after BTC) so of course I dove deep into it. I don't expect this coin to moon in a matter of days so this is definitely a long term hold due to it's uses.
Looks like a rising wedge pattern to the ATH of 1.86. Expect resistance along the way but eventually hitting $2 and beyond.
After Algorand launched in the bear market the price had tanked which is to be expected in bearish conditions. Now that we are in a bull market we are returning to the levels we have previously been at after launch so it formed a massive cup. The handle is finishing up with the current trend. If we continue in this direction and breakthrough we can see a massive...
ALGO is moving on up. Don't miss out on the big gains. You can use this chart to track the trajectory should you decide to participate.
NOTE: I am not a financial advisor. This trade may fail. Join me at your own risk.
*If you have strong hands, patience, and like big wins and big money, follow me. I track and trade all the USD & USDT-paired cryptocurrencies...
ALGO support curve indicates it might go up nicely through April. Certainly, the low market cap of Algorand and the positive market sentiment could support such growth.
This content is just my personal opinion, does not constitute financial or investment advice, and you should not execute any trade based on it. Please do your own research.
Left : ALGO mustering bullish sentiment. defiantly a "long-able" coin in my opinion
Right : ALGO is currently in a symmetrical triangle and waiting to break out. The top tine has been touched 2 or 3 times, It will take only 1 or 2 more taps to break through. strong support underneath.
Lines are ordered in (mo) likelyness.
If falls into "red zone" look below...
Decent Re-accumulation cycle will enable this coin to do well over coming days ahead, should granddaddy BTC be kind to us. Just needs to break over this present hold level then it should move nicely. Short term target given. Get out if close below 1.299 hold level. Best wishes.