Algorand (ALGO) Activates Accumulation Zone (160%+)Algorand (ALGOBTC) has now activated its strong support/accumulation zone... This can lead to another bullish wave.
Ever since the September 2019 low hit, each time the accumulation zone is activated we see a bullish wave for ALGOBTC.
Right now we have higher highs and higher lows, after the May low, and this level is activated again.
What this chart is telling us, is that Algorand (ALGOBTC) is almost ready and continue growing for long.
We remain strong bullish on this pair as long as prices continue trading above/or within the "support/accumulation zone".
Namaste.
ALGBTC trade ideas
ALGOBTC formed bullish Cypher | Upto 76% move expectedThe priceline of Algorand (ALGO) has formed bullish Cypher on weekly chart, the targets as per Fibonacci sequence of Cypher are as below:
Potential reversal or buying zone: 0.00003233 to 0.00002683 btc
Fibonacci projection or sell zone: 0.00003666 to 0.00004732 btc
Regards,
Atif Akbar (moon333)
ALGO/BTC bullish time !!!!!!!================ BINANCE:ALGO/ BTC ================
ALGO / BTC breakout the line
as u can see
AlgoHIT THE BREAKOUT LINE
maybe it's time the WEAK UP
and make revearsal pattern tu bullish time
the reason
1. algo cross the falling wedge
2. bullish engulfing
3. the price is up from ema 14,20,50,100
and wait to cross ema 200 and bullish
let see elliot wave. we wait for wave 1 if stop and correction we can wait for pullback to wave 2 and entry and ready to moon wave 3.
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ALGO/BTC 12h (Binance) Falling wedge breakout & pullbackAlgorand has broken out this bullish pattern, breaking 100EMA would make it grow even more!
You could enter now in Spot or Margin, but here goes a safer set-up on a probable pullback:
Current Price= 0.00003268
Buy Entry= 0.00002956 - 0.00002710
Take Profit= 0.00003406 | 0.00003943 | 0.00004857
Stop Loss= 0.00002354
Risk/Reward= 1:1.2 | 1:2.32 | 1:4.23
Expected Profit= +20.23% | +39.18% | +71.44%
Possible Loss= -16.91%
Fib. Retracement= 0.232 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 960h
$ALGOBTC lets see how its getting out from this FW #Algo $BTC$ALGOBTC lets see how its getting out from this FW #Algo $BTC
Algorand
Market Cap $270,845,527
Algorand (ALGO)
BB
Surpassing 99% of tokens
Team Score:
95/100
Ecosystem Score:
53/100
Project Score:
63/100
Outlook:
Stable Outlook
Insight:
Technical feasibility is good, the status of operations is relatively stable, the possibility of influence on the project by unfavourable changes in the environment or uncertain factors exists to a relatively large extent, and risk is basically controllable.
very typical ALGO BINANCE:ALGOBTC
Hello everyone.
As we can see :
- heavy support zone
- pullback from support zone
- long-term descending channel
- being bullish in USDT pair !
Its so typical ! If ALGO break above descending channel and take a hold above it.
Then next target will be 0.00004260 SAT
Attention : this is not a financial advise we just try to help people on their own vision.
HAVE A GOOD DAY
- Helical_Trades
ALGO/BTC (Testing Strong Support)💎Technical Analysis Summary💎
BINANCE: ALGOBTC
-Algorand is now testing a strong support area
-This zone is a confluence of previous resistance and support
-If ALGO can hold this area for a few days
-And BTC starts consolidating normally
-There is a chance, this coin will bounce up to 3500 sat
-But if the support fails, the next level to watch is 2000 sat
-So please be careful, I don't advice to buy at market price yet
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