Hello ALGO, LETS GO. Breakout from bullflagALGO is a new pretty new coin - but with a easy way of stacking and making ALGO in its app wallet. Im pretty stoked about this coin - and looks like the bulls still keeping the coin pretty bullish. Sl if breaking lower part of triangle/supportline, buy around now: 5500k sats
ALGBTC trade ideas
ALGO/BTCI gave you some possibilities how you can get good entrys in this one. I hope my orders at trendline get filled, i will add more on the retest after a succusefull breakout.
See the rest on the chart :)
Fell free to check out my previous posts and leave a like and follow if you enjoy my TA :)
ALGO/BTC top reached?I am gonna try and call a top here. Volume is exhausted, divergences across multiple timeframes, hard resistance zone above, wave target reached. Let's chill for a bit and get back into it at lower prices. Market cap still low at around 400 mil I think, so loads of potential to double/ triple but going vertical is not good. But props to the quick buck it made.
$ALGO, 50%+ over the last 48hs$ALGO
50%+ over the last 48hs
Currently against ~5800sats resistance w/ increasing volume & 50/200EMA daily golden cross (1st time)
Buying against resistance is not the best approach, wait for a potential pullback (~5k) or a R/S flip around this area w/ target at ~7k sats
#ALGO
ALGO/BTC: Breakout Confirmation for the Long Term 1D (Aug. 11)X Force Global Analysis:
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In this analysis, we take a look at Algorand (ALGO)'s daily chart, assessing its bullish probabilities.
Analysis
- To begin with, it's important to note that we have broken out of a descending trend line resistance that had been suppressing prices for over a year
- After a breakout, we have had a pullback, retesting the now support-turned-resistance
- We have managed to close above the 0.236 Fibonacci retracement support
- The Simple Moving Averages (SMAs) are all aligned in the order of: the 20 SMA, 60 SMA, and 100 SMA
What We Believe
Just as many other alts that have broken out of major descending resistance trend lines, ALGO demonstrates a high potential upside in a bull market.
Let us know what you think in the comment section below
Trade Safe.
ALGO/BTC (200D MA Key Support?)ALGO/BTC
-Algorand has been trading above the 200D MA and Key support trendline
-We can see two strong rejection from the key area of support
-If ALGO can hold this level for the next 5-7 days
-It is likely to bounce back up to 3500-4000 range
-Before potentially hitting the downward trendline resistance
-Bulls must hold the 2600 level with the confluence of previous support & resistance
ALGO/BTC (200D MA Retest?)ALGO/BTC
-Since the retest of 200D MA last July 14
-The price has pump 60% before coming back to the average
-ALGO is currently reacting to the Key support area
-If we can see more rejections from strong support zone
-There is a high chance this will be its temporary bottom
-And eventually, continue higher and break the recent top at 4300 sat
-Aggressive Buyers are ready to enter this market once the signal is triggered
Another 150% Gain? ALGORAND- Wyckoff ACcumulation.Ok, If you have been following along with our educational and private newsletter. You know what this is all about, if you don't yet. I bet there is a lot that can be learned simply from finding other times tokens or assets have accumulated. The best way to learn is to do it your self.
SO what do you think? What does Algorand look like it's going to do?
I would love to hear your thoughts.
