the price is near a very important daily bearish orderblock and the price can reverse from this area.
However, in important areas, always get approval according to your personal strategy before entering the trade
On the 22nd June 2019, Algorand opened at a price of around $3.28 on Coinbase, and slightly higher on Binance.
Over the next few months, it dropped to around $0.1648 (maybe $0.1618 on some exchanges) and then $0.097 at the Covid crisis.
Before the 2021 bull run, in November, ALGO's Support level was around $0.2247 (Point X of the harmonic) before it began its...
An ascending channel is a technical chart pattern that occurs when price creates a series of higher highs and higher lows, forming two upward sloping parallel trend lines. In the case of ALGOUSDT, the pair is inside an ascending channel below the weekly key resistance at 0.27$, where the price has bounced several times in the past.
The price currently needs to...
Market Conditions:
- bullish trend
- bullish sentiment in the market
Key Level and Lines:
- $0.2515 support
Trading Ideas:
- go long after consolidation above the support
- go short if the price moves below the support and there is bearish sentiment in the market.
Algo make massive drop from ATH and found bottom around 78.6% and 88.6% fib retracement level.
We should focus more on immediate resistance zone and expect price to flip it and make it to become support.
Buy back zone is a good zone to pick some bags.
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ALGOUSDT
In the current chart, R2 on the top is a resistance area which contains the unsuccessful attempts of price to rise. R1 used to be a support area. And S1 is our support area and obviously it shows the support of price at different points. Hence,...
ALGO has been trading at very important level.
The price after hit a bottom at 0.1600 has been trading in a bullish trend .
The price has printed cup and handle formation.
The price has already broken above the handle of cup.
The bulls are in control.
Manage your trades accordingly
I believe that the price will move up temporarily after swinging between the two specified order blocks
Note: Do not enter into this transaction without getting confirmation in the lower time frame
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
ALGO seeks to build on similar projects like Ethereum by improving scalability, security, and reducing the amount of time it takes for transactions on the network to be considered “final.”
Developers can use Algorand to create decentralized applications — for loans, decentralized trading, and many other uses — that can take advantage of fast, low-cost...
On the above 5-day chart price action has corrected over 90% since the beautiful sell signal (not shown) on September 2021 @ $2.40. Now is an excellent long moment. Why?
1) A strong buy signal (not shown).
2) Price action is printing as support on past resistance, look left.
3) Regular bullish divergence. Lots of it. Do not ignore.
4) Dragonfly DOJI...
Algorand is forming ascending wedge pattern. After the breakout through the lower boundary, bearish movement to support 0.208 level is expected to happen.
BINANCE
