Looking at the chart on this 4hr timeframe, I'm seeing what could be a possible W pattern forming. I'm waiting for a break above the local resistance. To place a long. If this break fails I have an short target once support is broken. The support has been tested at least three times. The more test, the weaker it becomes. So it's a wait and see for me. I'll be...
Waiting to reach the supply zones and test them, confirmation needed. (will take some time or won't reach them at all)
Newbie trader, trying to learn a system. don't trust, verify.
, any help is appreciated.
You either love it or you hate it, look at Apple, it took 45 years. Now I'm not saying algorand is a scam but just imagine how much a single Bitcoin is going to be worth around 2029, probably 6.5 million dollars. To think how much that is in Satoshis on Algo/BTC pair is ridiculous, 0.0001 at best. Is this coin really worth it? I swear this start up belongs to...
After having a deep dive through ALGO on a range of indicators, we have entered accumulation zone.
Chart & technicals are overall bullish (though the market is weak at this time).
ALGO is perhaps one of few coins worth its speculative weight; spot buys from here all the way to 0.
NFA - DYOR.
Charts are my own opinion, markets are volatile & you're likely to get...
$ALGO is in an interesting spot here:
- Bullish divergences are bleeding through the chart.
- The bounce from the last dip was directly from the 0.9 fib level.
- There is a EW case for this final push down to be wave 5 of 5 of C.
HEre is the subwave count and the support level I expect the final bounce to be from:
this is a LONG term analysis.
I believe whatever 5 waves up we had is a LEADING DIAGONAL wave 1 of a bigger impulsive wave.
Looking for that wave 2 tripple three correction.
I believe ALGO is a must buy around the box area as It will be a money maker in the next 2 years.
Hi everyone! Was looking at the Algorand coin today and noticed that it formed a triangle which it broke out of at the bottom. The size of the triangle more or less indicates how far down it may go. For me personally i think that we will see some price decline. Additionally we can see that the RSI is in the bearish zone. Its not oversold yet and not overbought,...
Similar to some other alts, algo is also in a ascending triangle pattern, and this is a neutral indication. Don't know yet where it will go, so we will wait for a confirmation. Some possible resistance and support zones have been highlighted
Algorand (ALGOUSDT) is on a bullish trend.
It has been moving higher and hitting new highs.
In fact, a new ATH was hit last weak but the candle ended closing red with a long upper wick; bearish.
This week candles we see ALGOUSDT moving below EMA10 (confirmation only when the weekly candle closes), another bearish signal.
And the is curving with lots of room to...
My thoughts on KUCOIN:ALGOUSDT :
**Daily:** Price has moved down to a key demand level aligned with the green box at 35c. From here we have seen a good reaction with a reasonable amount of volume entering the market - however, we are still clearly in a downtrend, and every failed attempt at a recovery creates more low timeframe supply zones (red boxes) that will...
Algorand in the recent times has attracted many and hence one can expect a significant upswing in the coming days, only if the asset breaks through the current pattern.
The ALGO price since the beginning of the 2022 trade is swinging within a falling wedge pattern, which is eventually a bullish indicator. No doubt the recent Terra-UST crisis hamper the rally to...
Hi Everyone! Simply pointing out ALGOUSDT has potential to continue higher to proximity of the yellow b-band basis in the 24-hour time frame. Not this 24-hour candle but the next 24-hour candle.
Happy Trading and Stay Awesome!
Algorand is formally a public blockchain but sharpened to corporate culture for commercial use. It is headed by MIT professor Silvio Micali. He is a good acquaintance of Harry Gensler (current head of the SEC).
There is a possibility that only Ethereum and Algorand will be popular in a few years. Many other blockchains will simply occupy a small niche for their...
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There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
". There is a possibility of temporary retracement to the suggested support line (0.6418).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. ALGOUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...