Today, I’m going to share something that’s a bit of a secret among those in the know. I will shed some light on the first secret today, which is the volume.
The first topic for today is the volume. What you see is a chart that’s a combination of 10 minor cryptos weighted based on the volume to create a single chart for us to analyze. This is part of my basket...
This is my analysis for ALGOUSD 01/24/2023.
Algorand will fill the at the high. There will be 3 box push to the high that would equal to 7.5
I projecting that is a Huge W that formed for Algo and it's ready to pump.
Two white circles on this chart is what i will be watching next two months and next year after the Bitcoin halving.
I would rather wait to buy algo honestly. If it breaks into the purple i will see it as support and start buying.
If i am correct and the channel completes to the bottom i will have no regret in waiting.
FOMO is a weakness and we have to be smart for...
#CryptoWhale100Billion Alt Coin Analysis: Algo
My Analysis shows that Algo has been holding at the .24 cent market for a few days now, filling up bear pockets. Algo has been falling for quite some time from an all-time high at $2.79 and crashed to .24 cents. A lot of sell-off, but this coin has the potential of stake rewards of Algo 5.75%+ ...
Keep it simple as we form the base for the cup and handle pattern (big potential breakout)
Jupu has tagged green on daily time frame
Look for test of fibs and 4H green shades on Jupiter Pendulum for your setup
Algorand (ALGO) is one of my favourite coins which I choose to invest in. I like this project because they have a lot of partnership with all kind of companys. On their page you can find various real estate projects, FIFA announced that ALGO is their blockchain partner for upcoming events, they are taking part in Esports etc. This is trade (investment) setup on...
Perfect support retest of the bottom trendline of the green horizontals channel. In reaching there price also broke above the purple falling wedge…we can also see now that price is testing the turquoise neckline of an inverse head and shoulders as well. I have put the inverse head and shoulder target and the falling wedge targets on the chart for now. Will add the...
During the past months Aglo has seen a lot of bearish sentiment due to bear market and the 35M exposure to Hodlnaut. This very big bearish pressure i assume that it will come to an end with a very big cundlestick to the upside.
Algo is setting up for a good long term hold. This project checks all the boxes when it comes to fundamentals, here is what could become of the asset over the next 3 years. Personally, I think it is a bit conservative but time will tell.
What awaits Crypto Market and Algorand.
It's just the beginning, and we might indeed be in the end of a cycle and a beginning of new one. You can't be in Crypto for just a year or two. This is just the start of what expects this market in the future.
“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.” -...
As you can see on the monthly chart Algo has a very nice W printing. Again it is a monthly chart so the pattern will take some time but this should be moving up soon! $.30 is the initial target! MACD looks primed!
Let's keep this very simple. We only have 19 days until the 6 Month candle closes. Anything below the previous candle body lows is a buy. A 6 Month candle close beneath previous candle bodies invalidates the long and you can find your exit.
As I mentioned in my analysis on $SYN, while many alts have already topped, the few that haven't hit their 200DMA, still look like they have room for upside. Algo meets that criteria.
I think we're likely to see a push higher from here targeting the two top resistances at $.295-$.31.
Invalidation would be a break of current support and this move has to play out...