- At key support
- Above inclining 200 day moving average
- Elliot Wave looking ready to start wave 3
- Ready to break out above 1.8 range
- Alogrand is seriously undervalued, 2nd largest market cap POS)
- Faster and cheaper than ADA (number 1 market cap POS)
- Easy Staking
- Algorand governance program starting soon, demand for coins will be higher than...
Algorand has bounced successfully from the $1 psychological buy zone in confluence with the fundamental demand area.
This token has a use-case for instant payments with low commissions and rewards through staking. Several payment processors such as NYSE:V & NYSE:MA have shown an intensive interest in this asset since last month. This fact causes the $1 level...
Again huge exapansion late Jan early Feb, massive 40% correction
Into range and formed a bullish break of trendline
Recent sell of due to big bear divs 4H, now cleared
Should be up if BTC doesn't correct again
We’re following a similar pattern to the last breakout. A typical ABCDE pattern is formulating this time around too and I believe we have reached the final stage. Breakout is around the corner! I’m expecting price to reach $1.45 by the end of the month.
I’m estimating around a 13 day period till we reach the new high for the coming bull run...
- ALGOUSDT brokeout above the inverse head and shoulders neckline resistance as expected from my previous analysis.
- Price hit a swing high (1.84 USDT) and retraced.
- Price is retesting the neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- There's a relatively high concentration of buyers at...
- ALGOUSDT is consolidating in a pennant chart pattern.
- A pennant chart pattern is a trend continuation pattern, a bullish one in this case.
- There's a breakout potential.
BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the pennant pattern's inclined resistance.
- Horizontal resistance...
ALGOUSDT is printing the inverse head and shoulders reversal pattern on the weekly timeframe.
RSI is printing a bullish divergence signal.
Buy entry ⬆️ - breakout above the neckline resistance.
Targets 🎯 - horizontal resistance levels.
Setup invalidation ❌ - breakdown below the inverse shoulders support level.