Algorand divergence creating a possible bullish step-up back into parallel channel, this will most likely happen when our daily stoch rsi is back on the up and up in the next few days. Referenced below is algorands divergences that have played out in the past. Still bullish on algo, just a long winter!
Long story short, Algo has shown previous runs on the daily in which we have seen massive divergence followed by a convergence before our next bullish run. Could this be the beginning on the next leg up?
Algo is currently forming a flag pattern or a parallel channel, either way we seem to have a nice setup for some crypto dips to scoop up!
Look when we broke that downtrend first time, went from 0.80 to 2.75, this time we may reach around $4
Chart is very self explanatory, i am personally buying this trade setup. my target buy zone is between .71 and .75, target price as followed 50% sold at tp1, 25% sold at tp2, and 25% sold at tp3 or ultra sell zone depending how btc affects our price action. shares bought- 15,000, profits to be expected 650$-2500$, trade setup is to only be applied over the next 50...
ALGO is ready to start, do not miss this extremely bullish move. Get ready for 300% returns.
We all know Algorand has best-in-class fundamentals. The DeFi ecosystem is flourishing, with accelerating TVL growth. There are several Algorand launchpads coming online soon, which will help to further streamline and accelerate project launches and TVL growth. Algorand Governance participation is super strong with around 4 B $ALGO committed, which is around 59%...
I'm bullish on Algo, I like the coin's fundamentals and its at a discount right now.
.75 - .50 is sti still my "scoop the dip" Zone look for a short-term Raly with a Savage rejection or series of rejections. There is enough liquidity on this alt where you should find decent exchanges to set some limit orders for the quick scoop n bounce Remember, at the end of the day the only metric that truly matters is developing n knowing your own trading...
Today I'm doing something a little differently. I've decided to let the charts speak in detail instead of a lot of words. If I have something special to say about the specific instrument. I will mention it here. For general Crypto updates, please take a look at my BTC update. One thing to keep in mind is that we are in a short-term downward wave today and we...
This is an Update to a previous ALGO setup of the same sort except the pattern has now further developed with the addition of a Double Bottom of the PCZ. The Bullish Targets and Stops remain the same as the previous setup
ALGO daily chart This chart is still intact and once it gets the push above the descending trendline, This chart could really show whos boss...The ALGO blockchain has been rated top 3 best blockchains in this industry as well. Lets see what it can do here in the next 1-7 weeks. RSI and chart is reading a Bullish Divergence.
We need this test and confirmation to go up, but be carefull Disclaimer: this is not a financial advise
ALGO traded down to its reversal zone. As price action approached the reversal zone, it began correcting to the upside, showing that it is ready for price to continue its uptrend. I expect ALGO to have a bright future as well to trade at higher prices!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Left Chart ALGO is overall bearish however, it is approaching a strong support zone in green so we will be looking for buy setups on lower timeframes. DAILY: Right Chart ALGO is forming a double bottom pattern but it is not ready to go yet. Trigger => For the...
$ALGO dropped into a LTF zone with good trading opportunities over the past 24 hours. Now, the market is preparing to receive March CPI inflation numbers at 8:30a EST. Look for short opportunity on breakdown, or a market really after the recent retracement. CPI impact likely <8 - bullish response >8 - bearish response
Bearish pattern forming on $ALGO Invalidation w/ candle closing above $0.905 Target 1 Zone $0.85 to $0.86 Target 2 Zone $0.71 to $0.74