This is a good special case scenario where a price action after this pattern is usually bullish.
If that is the case, I've highlighted the arrow the 0.78 FIB level, which is close to $0.5. If price rises, i'm expecting a resistance there.
However, if we continue even lower, i've highlighted a potential dashed line, which shows the path upon breaking from this...
Hi Everyone! Looks like potential to continue up to the B-Band Basis near $0.48 cents but can continue higher to the white upper b-band just shy of $0.60 cents.
Hope this was helpful!
Happy Trading and Stay Awesome!
David
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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#ALGO
▪️There was an increase of 13%, now the indicators are overbought, which indicates a possible correction.
💎In the near future we will correct down by about $0.3
the price created a double bottom on 0.28$ and now it trying to hold the monthly support on 0.34$
The price got a rejection from 0.35% where the market has a 4h resistance.
how to approach it?
IF the price is going to create a new breakout from 0.35$ and retest as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣...
Waiting to see a possible breakout on both support and trend line with the bull trend to look further continuation to the upside as shown on the chart targeting 0.42, the next resistance area.
hello?
Traders, welcome.
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(ALGOUSDT 1W Chart)
The 0.5021-0.6132 section or less is likely to be a mid- to long-term investment area.
Therefore, the key is whether it can move higher than the 0.5021-0.6132 section.
(1D...
The price is at the lower border of the channel and the POC level. An important fibo level of 61.8% has been broken. A bullish scenario could push the price up to 50% Fibo and break the channel. Bearish scenario - breaking through POC and falling to the level of 78.6% Fibo
Hi All!
As highlighted in my last analysis, BTC has two choices to make regarding the 100W MA and 200W MA. This choice will likely propel that market in that direction.
Shown here are 4 altcoins that have formed a bearish "pattern" - curved top of the downtrend, similar to a parabolic uptrend, but just pointed this opposite way.
There are many examples of this...
Algo saw a clean 5 wave impulse which had begun back in march of 2020.
The impulse was completed in November of 2021.
Since that top, Algo has put in what looks to be a zig-zag (labeled a-b-c).
-it has retraced roughly 61.80% of the entire bull run.
-quadruple bullish divergence on the daily time-frame is present (very rare).
-indicative that this dip could...
#ALGOUSDT Technical Analysis:-
#ALGO Trading at SuperTrend Resistance $0.42
If Price Break This Resistance Then We Can see 30% to 80% Upward Move from here.
Resistance:- $0.5/$0.62/$0.75
Stop Loss: $0.367
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for ALGOUSDT
The chart includes S2 line (which used to be a resistance line) and after being rejected at some points, the price could rise over the line and we had a failure in break for the price. Then it faced a severe decline up to S1 and continued its rising...
ALGO potential rejection after hit demand area and continue upward movement .we can close if can't break resistance at $0.425 area
Buy zone : 0.38 - 0.365- 0.355
Target : 0.4196 - 0.4521 - 0.4952 - 0.5761
Stop : 0.345
BINANCE
