ALGOBTC trade ideas
ALGO/BTC 600% Potential from this entry level...so what next..?#ALGO/BTC TA Update:-
#ALGO/BTC currently trading at 2030 Satoshi
And our entry was 1900-2000 Satoshi as per last chart.
According to my TA #ALGO now Trading at All time strong support.
As per chart 1900 Satoshi is strong support but My entry zone will be 1600-2000 Satoshi .
I will accumulate if any big dip.
Entry:- 1900-2040 Satoshi
Targets:- 3232/4368/5812/8252/13500 Satoshi
Stop loss:- No need
🚨 After 3100 Satoshi breakout If #ALGO hold above TP1 ( 3200 sat ) then I will convert in fully bullish mode.
With 8000-13000 Satoshi Targets.
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Thank you.
ALGO looks primed for a bullish Q2ALGO has been showing off the power of the Chaos PRZ (4.669 and 8.77 fibs) as a targeting tool since early 2020.
Having successfully navigated the reload zone in March, this is one we've got a position in for what looks like could be a very strong 2nd quarter for altcoins.
The timing of arrival at the. 8.77, as drawn on the chart is arbitrary. The white circle + ? is just there as an illustration!
A mini-tutorial on the Reload Zone (RLZ) and Chaos PRZ can be found here
Reload Zone
youtu.be
Chaos PRZ
youtu.be
ALGOBTC Algo Making Moves Against BTCAlgo has been in a long downtrend against BTC, which could be part of a large falling wedge pattern. It has posted what seems to be a higher low recently and is currently attempting a retest on the 200EMA on the Daily timeframe. To me these show as Bullish Signals.
Fundamentally, I like ALGO because you can stake it with good returns, I just think it is a good place to store my gains that I am not ready to cash out quite yet. I would be interested in taking on more risk at the 1750 sats and 1000 sats. I would probably start reducing my position at the resistance zone around 4000 sats all the way up to 10,000 sats.
Algorand (ALGO) Moving Back Above EMA50, Next Target!Algorand (ALGOBTC) is now moving back above EMA50 after testing the 0.786 Fib. retracement level as support.
This is a bullish signal.
After the high volume bounce, w can see that consolidation continues to take place.
The support level has been defended at a higher low... Prices can easily jump next.
The next target is marked on the chart with red.
Thanks a lot for reading.
Namaste.
🔥ALGOBTC🔥+70%What is Algorand(ALGO)?
Algorand created the world’s first pure proof-of-stake foundational blockchain designed for the future of finance. Beyond the elementary requirement of an open, public network, Algorand’s technology enables a set of high performing Layer-1 blockchains that provide security, scalability, complete transaction finality, built in privacy, Co-Chains, and advanced smart contracts that are essential in a FutureFi world.
** Do your own research And... never forget... "Buy low, Sell High"!!!
See you Tomorrow!!
Miguel
