ALGO eine der Altcoins, die am stärksten gesunken ist in den letzten Wochen.
- RSI hat mittlerwiele den "überverkauften" Bereich erreicht und signilisiert eine Bullish Divergenz
- Hohes Volumen verbunden mit einem Fakeout auf dem aktuellen Preis Level zu erkennen -> Stop Losses wurden aktiviert und aufgekauft
- es gab noch keinen retest der aktuellen pivot...
Algo is forming a bullish wedge. Minimums stopped updating(at least for now) That's a good sign that trend might be changed soon. Zones of interest and targets are on the chart. Safe entry is from the dynamic line below or from breakout from the wedge. Good luck everyone!
This one looking like the ultimate pump and dump in the making. Binance, Coinbase, KuKoin, other top exchanges trade this. This looking like the next matic. This should hit .29 and then dump to mid .07s in the falling wedge. I want to be in this wedge when it breaks!
Algo has completed a devastating 95% retracement since it’s ICO release on binance several months back. Looking at the RSI trend, we can see Algousdt is currently trying to break out of the downtrend over the past several weeks. I opened a long position during the crash yesterday at .195 on GDAX. We can see bullish divergence developing in the rsi on the Algo-USD...
ALGOUSDT is possibly an interesting trading vehicle for a swing trade.
There is a triple bullish divergence, although it is a bit tricky because the daily chart does not look too good yet.
One could wait for the daily to see the EMA's return positive as well as MACD.
On the 8H chart, we can see how it develops.
Trade entry 0.317 up to 3.23
0.317 (took the...
Priceline of Algorand (ALGO) / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.406 to 0.275
Sell between: 0.507 to 0.753
We are located in the ATL zone. We expect a rebound up to the nearest resistance level. Also, these expectations are confirmed by fundamental factors.
Investment company Algo Capital raised $ 200 million to develop the ecosystem of the Algorand blockchain. Among the investors of the specially...
ALGO appears to have found support within 6% of the low and a spinning top candle on the daily coinciding with the RSI trendline suggests a reversal here. Targets are the green dashed downtrend line, avg. volume price (pink dotted) and the 50MA for an estimated 12-24% ROI.