Happy Icy Texas Friday, Traders!
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Here's a trading idea.
But firstly...
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Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto...
Algorand's price action has been very straightforward since the start of 2020, as it has been trading within a long-term Channel Up. Every Higher High follows a +0.236, +0.786 +1.0 sequence on the Fibonacci scale and every Bottom is made on the second low following the correction and a Triple Bottom on the 1D RSI (green shape).
If this pattern continues, then...
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ALGO is in support zone again. I think we accumulate here for a few weeks and see another run up. Ultimate plan is we hit those upper fibs before some kind of retracement back down.
Happy Taco Tuesday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset,...
200 day or so pattern pretty clear here. Look for a mega runup starting because it will not stop for 15 to 18 days AS ALWAYS until the blow off around $4.
ALGO is a solid buy at this level, buy all the way down to 1.14 if it gets there. This thing can rocket. Recommend HODling and adding if it return to support.
If we are still in a bull market I have a date range for the highly anticipated climb to $3.50. As you can see, it is based on the length of time spent between each local top in the mini cycles. The shortest was 24 weeks, and each cycle gets slightly longer. BUT, I think with all the momentum behind algorand, we could see another 24 week type cycle, as opposed to...
Hello traders and investors,
Today we have looked at the ALGO / USD pair. Assuming that 2020 March low is the beginning of a primary cycle (purple) and that 2021 February high is the beginning of extension in primary wave 3 (hence intermediate blue wave 1), I can only be extremely bullish that we are in a 1-2-1-2-1-2 pattern that is unfolding towards new...
Monthly Chart shows Ascending triangle. Current price is in a consolidation phase that will allow price to break out of lower side of rising wedge. after rising wedge is completed we have an ascending upward channel that is expanding on the top side that will allow break out of the ascending triangle.
Expect a massive dip. and then enjoy the ride to new...
Algo chart looks very similar to the ADA chart before it went on a nice little run. We have formed lower lows in price but we have higher lows on the RSI. 1.25 would be around a good entry point.
This is mostly for personal reference, but I'm publishing it here for others to see and critique. I firmly believe algo will be in the Top 3 MC by 2023.
ALGO weekly chart...looking really bullish and
staying within the bullish channel. the DeMark 9
Indicator is reading we have h9it bottom and ready to move up.
if it bust major resistance, we can see all time
highs and going toward my price targets. RSI
is also looking bullish
ALGO weekly chart...looking really bullish and
staying within the bullish channel. the DeMark 9
Indicator is reading we have h9it bottom and ready to move up.
if it bust major resistance, we can see all time
highs and going toward my price targets. RSI
is also looking bullish
