Algobinance
ALGOUSDT 1D-TIMEFRAME ANALYSIS✨ALGOUSDT 1D-TIMEFRAME ANALYSIS✨
Hello ladies and gentlemen
This is my new idea for Algorand ALGOUSDT
I expect the price to move higher...
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ALGO Trend line breakoutprice break the trend line buying small amount here with stop below support zone 0.00001380 sats
ALGOBTC | A strong bullish setup for end of Jan 2021Hey friends, hope you are well and welcome to the new update on Algorand (ALGO).
On weekly chart, the price action of ALGO coin is at the strongest down trendline support.
While the priceline is at the support the stochastic has given bull cross, RSI is in uptrend and the MACD indicator has given weak buying signals on weekly chart.
On daily chart, the price action of ALGO coin has completed the harmonic Gartley move and entered in potential reversal zone. Here we have a support of 25 SMA in buying zone. The 50 and 100 simple moving averages are also moving down to form bull crosses with each other.
On long-term weekly chart the priceline has completed a bullish Shark harmonic move and at the moment the price action is moving within the potential reversal zone.
The priceline may move at this level uptil the end of Jan 2021. Because the ichi moku bearish cloud is showing weak bearish cloud signals at that time. So a powerful rally can be expected at the end of Jan 2021.
Conclusion:
The price action has a support of strong trendline, the bullish Gartley is completed and also a bullish Shark move is another strong bullish signal. But the trendline or PRZ level or Shark should be used as stop loss to minimize the risk.
Bullish & bearish case scenarios as BTC continues moving*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
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ALGO/BTC (3rd Test at Key Level Support)💎Technical Analysis Summary💎
BINANCE: ALGOBTC
-Algorand is back trading around the key level of support
-Well, this is still good because the Bull defended this zone again
-But the fight is not yet over until the downward trendline is broken upward
-Yes, you can buy at key level but tight stop loss
-Or, wait for the trendline breakout to confirm that the trend will start to reverse
-Upside potential is up to 4000s sat area or higher
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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 (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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Please Exercise Risk Management
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ALGOUSDT the bullrun is not finished..Le'ts go to 8.5kAlgo had a nice pump...but we have plenty signals that the run is not finised.
Time to go long @6.3k - 6 k
TP1: 8.5 k
TP2 : open
ALGO/BTC (Temporary Top?)ALGO/BTC
-Algorand may have temporarily set the top at 6500
-The potential area of support is somewhere at 4200
-If we can see Bullish signs of reversal in this region
-Placing Buy orders is ideal and target the recent top
-But if the 4200 regions failed, next to watch is 3700
-Be patient, let the trade come to you
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
ALGO/BTC (Bullish Pattern?)ALGO/BTC
-forming a complex IH&S+Cup&Handle pattern
-the trade setup is to buy the break/close above trendline resistance
-target is the recent top or mid resistance area between 3056s-3716s
-key stoploss is below 2333s or potential new higher low
ALGO/BTC (Double Bottom?: up to 60% profit)ALGO/BTC
If ALGO will repeat the history to form a bottom at the same area of support, we could see a potential rally up to 4000 sats region.
The RSI is also painting a bullish divergence that perfectly coincides with the current price level and area of confluence.
This is a good setup to play a Long position and have your stop-loss placed under 2250 sats.
ALGO - GO, GO... GO?Wondering about the same patterns repeating here to drive ALGO on for another push.
Bull pennant fakeout on bearish divergence (the most recent was largely down to the latest BTC dump), drop and test of 200 4hr EMA (blue), inverted H&S at that level then push on up to another higher high from there.
I plan on trading this idea and will be entering around this level. Let's see what happens.
ALGO seemed to do a similar skip along the 200 4hr EMA late last year before losing the trend.
Invalid with a confirmed close below and bearish retest of the 4hr 200 EMA.
ALGO/BTC ALGO seeing a good continuation after breaking above this resilient trend line yesterday, indicating a change in short term trend, matched with a corresponding increase in volume; we can anticipate price and volume to keep rising while we trade above our 0.236 fib support(2600 sats). As we stand, we are definitely bullish on this pair and can anticipate good price appreciation in the short - mid-term; as always, take profits and love stop losses accordingly as the trade progresses
Recent fundamental news : www.coindesk.com
ALGOBTC forming bullish Shark | Upto 55% bullish movePrice action of Algorand / Bitcoin is forming a bullish Shark and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00002955 to 0.00002636
Sell between: 0.00003342 to 0.00004086
Regards,
Atif Akbar (moon333)
ALGO/BTC Algo/btc is seemingly seeing a nice bullish continuation after closing two consecutive daily candles above our resistance. We have also detected a bullish moving average convergence approaching, which can very well trigger our next major move up. I have indicated some resistances we believe Algo can test in the short/mid-term; these would be good take-profit zones.
