Algorand ($ALGO) New FIBAlgorand ($ALGO) in a recent downtrend ended with a HAMMER DOJI today which could signify a bullish reversal candlestick pattern.
Algo
ALGO to $1.59 before breaking out?Give then tokennomics of ALGO and how BTC is doing current, we can expect the sell pressures to remain on ALGO
We will continue down the channel to about $1.59 ... in 24 hrs we should know if we are breaking up or down ... but the trade should hold until ~1.59
In case king BTC bounces back, I have 2 TP,
TP1: 50% - $1.64
TP2: 50% - $1.59
Being Sunday, I will keep a close eye on the overall #crypto market as I might sell TP2 a little before or after.
Algo is ready to launch!We remember that ALGO pumped for like 120% and I was ambushed for a pullback and a good entry point. here you are:
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-Wonderful resistance at around 1.71$. you see how man times price reacted to this line!
-We are on fib retracement 50% resistance!
-We had a false breakout and a nice rejection
-On the weekly chart we see strong momentum
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So, we can enter here with a small SL and huge TP like 38%
God bless you and me
algo usdt 4h chartgood support at 1.5 dollar
its critical level and good entry
enter at 2 or 3 step or wait for rejection at 1.5 dollar
ALGO AnalysisHello friends
ALGO looks very interesting. he broke the trendline and now testing it. so it is very possible that ALGO go for the yellow lines!
but be careful cuz its maybe a false breakout and continue his way down to create head and shoulders pattern
This is my though so before any trade do your own analysis
GOOD LUCK!!!
Algorand Cup and Handle!can go much higher up than what I initially expected. Looks to have completed a cup and handle pattern and can do up to 20x from here!
ALGO Algorand upwards momentum with an Inverse H&SWatch news for governments using this blockchain and technology for their own CBDC. Major governments are testing on Algorand now. Wait for a major announcement and this goes up x10 in a matter of days.
This is not trading advice. Good luck, God speed and watch out for flying telephone poles.
Algorand (breakout!)Algorand has been charting a large bull flag pattern, which recently had a pull back and is not breakout upward.
Price Target: $1.50.
related Algorand published idea linked below:
No comment requiredAlgo relative to ETH. As ETH declines or ALGO increases relative to ETH, this rises.
ALGOUSDT_Daily***********************************
Price :1.89 USDT
Resistance: 1.9- 1.95
TP_LVL I: 2.06- 2.15 USDT
TP_LVL II: 2.36- 2.5 USDT
TP_LVL II: 3- 3.1 USDT
SL: 1.5 USDT
***********************************
ALGOUSDT 1H broke out the wedge !!In ALGOUSDT 1h
After retested the neck line of double bottom and broke out the wedge.
TP1: 2.5574
TP2: 2.9756
TP3: 3.1447
SL: 1.6534
ALGO looks good to recover soonAdd to positions in pull backs to 1.70-1.75 area. My first price target is $2.30, a percentage gain of more than 30% is possible.
Be ready for the crucial pointFrom above or below?
It all depends on the total market and bitcoin
Get out of the range of suffering and pullback to it
1 If he wants to enter the range of suffering again, we have a fast and good ascent ahead
2 If two to three candlesticks fall to the same level, we expect a good fall
1 or 2 ???
Also pay attention to the sensitive point of the RSI
If stabilize at the top of line 54, it is a sign of ascent, and if it descends from there, it is a sign of descent
Line 54 has always been crucial for ALGO
Algorand Long AFAlgorand is a big big deal when it comes to the future of DEFI. It has been quietly creeping up for the takeoff of a lifetime. Long term easy 10x from here!
ALGOUSDT 1H, READY TO BLOW AGAINAlgorand is on the move.
Good Bounce off 100EMA.
Consolidation near visible resistance, with more bulls we cab break and head for next resistance up ahead.
This is a LONG buy trade idea.
Double bottom confirmed trend to ascend.
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