It is completing the cup pattern in the daily time frame and high goals can be imagined for it. It has medium-term goals of 0.7885 and long-term goals of 1.0966. Also, algo is responsible for part of the expenses of the 2022 world championship, and this will increase this currency.
BABA ALWAYS RIGHT: ALGO WILL DOWN TO 0.29 AFTWR REACHING 0.425...
very much over bought... curve seems to be down soon... very shortive in nature... soon will down...
SELL SELL SELL...
not financial advice
Price action and chart pattern trading setup
> A possible uptrend 4 wave with expanding triangle pattern ABCDE
> Target take profit zone at 4.4-wave @ 0.382 - 0.5 retracement zone of previous wave 4.2-wave
> The final downtrend 5 wave zone could be projected at 0.5 - 0.618 retracement zone between the recent lowest zone and original major 2-wave - dump & pump...
ALGO has formed a large falling wedge which is common among many crypto coins currently
The green horizontal is a strong support line, using the curved line to show the kind of cup structure price is forming once hitting this green line
It is a very bullish structure
Lets see how it plays out
This is a huge falling wedge that is pointing to a crazy support level.
We have a nice trade range on the daily chart. Imagine breaking the range down but finding support near that crazy support level.
If you want to buy a coin soon, ALGO might be a good choice. Buy the support level or the breakout. It doesn't really matter. Potential reward is crazy.
#ALGOUSDT $ALGO look at that volume! 👀
crazy increase in volume lately, was rejected from trend resistance but above .364 I expect longs to pay out until we hit that trend again.
conservative target is .416, if trend breaks .50 is possible short term. goodluck! :)
Hello my Fellow Traderz,
With the arrival of the FIFA World Cup, keep your targets on the tokens which are directly or indirectly linked to the Championship.
I have already made an analysis on one such token in one of my previous ANALYSIS.
Today I've come up with $ALGO. #ALGORAND is officially the blockchain partner of FIFA WORLD CUP. So it is quite obvious MMs...
The price is creating a triangle on the daily timeframe.
The price got a rejection from the dynamic resistance and now the market is trying to hold the daily area on 0.3$
how to approach it?
The price needs to create a clear breakout in order to create a massive breakout
Absolutely bullish setup as long at the 0.279 low is holding.
1) Big Falling Wedge
2) Some side way action for accumulation
Most likely some 3-9x run.
Whether corrective or impulsive we shall see
Hold my beer pls
No financial advice, do your own research, don't be stupid
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ALGOUSDT
In the current chart, there are R3 and R2 as our resistance areas that include the disability of the price to rise. R1 used to be a support line and S1 is the support area which represents the support of the price since the past. Now it is clear...
FIFA Launches NFT Platform on Algorand in Run-Up to World Cup!
With the 2022 World Cup just months away, FIFA, soccer’s global governing body, has announced it will launch an NFT platform for soccer-themed digital collectibles.
“Just like sports memorabilia and stickers, this is an accessible opportunity for fans around the world to engage with their favourite...
N.B. My strategy is based on huge explosive profit or very little profit so without breakeven stop loss at the right time we will lose in very little profit so follow me if you want to know breakeven stop loss
Trading proposals post based on price action,
technical analysis, major intraday supports
and resistances, rejections, breakouts, chart
patterns and other...
Trading volumes are increasing as the price rises.
ALGO continues to be above liquidity.
TD Sequential has formed a reversal signal upwards (1H TF)
I believe that the asset may continue to grow if it fixes above the support level.