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 (ALGO) Buy Zone
Mid-Term : Neutral
Risk : Medium
We’ve seen high volume spike on this beast over the last 2 weeks, with closes below support and spikes of buying volume.
$ALGO/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 0.39 - 0.38
TP 1 : 0.398
TP 2 : 0.408
TP 3 : 0.418
TP 4 : 0.43
TP 5 : 0.443
Algo, the E.U cross-bread of ADA academia with XRP compliance and gov ties :)
Recent price action pushed by Fifa puts it at a very good buy level. However Covid black swan lows can theoretically allow for a second dump to 0.10 cents but this is very unlikely/willing to bet my car it wont happen. A more realistic max pain is of 0.26$ which is also more likely to...
$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:
Updating my previous chart (linked below), this coin has a local support zone highlighted in the green zone.
It broke the ascending triangle (neutra) formation going down in price, which means it turned bearish for the short term (1-2) weeks.. and that's exactly what we are seeing right now.
It is not showing any strength, and I am assuming the trend will...
It finally seems like the bottom is in for algorand or very close to it. If it dumps a little lower, a limit 45 cents could be in play. However this is a very good entry right here. 2023 could be the year for Algorand.
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.
The price lost the monthly support and now the price is going to create a falling wedge on the monthly support.
The price had a false breakout from the falling wedge and it got new liquidity for a bearish impulse.
On the 4h timeframe the price is testing the support above the demand zone.
How do you approach it?
IF the price is going to have a breakdown from...
ALGO / USDT
It is in a descending channel and reacts to the bottom of the channel.
If it can break the midline of the channel, it can increase the price up to 66 cents, and if it fails to break it, it is available again at the bottom of the channel and in the range of 28 cents.
#ALGO #BTC #LUNA #UST #ETH #ADA
Its a clear failed key level or support at 0.75. As I mentioned earlier a breakout will follow on the price towards 0.10 support formed. Holders might say its a shoot to the moon but technically its rock bottomed 90% already
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...
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
ALGO seems to be failing so hard after the breakout to the downside formed on the key level highlighted. The pull back failed to jump above the key level to hold the bearish pressure, so here we can expect further decline in prices and ALGO can be revisiting the support formed on bottom level.
As their have partnership now with FIFA, it can run and also football tokens as there is a world championship in Qatar this year.... worth to watch on new 2W candle... i am looking for long. PA looks decent here
NOT FINANCIAL ADVICE