Priceline of Algorand (ALGO) / Bitcoin is completing the final leg of shark. I have defined the targets using Fibonacci sequence as below: Buy between: 0.0000609 to 0.0000593 Sell between: 0.0000634 to 0.0000657 Regard, Atif Akbar (moon333)
ALGO is still fluctuating in bullish patterns, so our plan is to buy the low price and wait to sell with profit! At this time, we can wait it to buy at 620-580 or even 550-500sts We can hit 690sts in just 3 days
Currently watching ALGOBTC here for a possible entry. We broke out of the downtrend earlier this week and had first test of the 675 valley for a possible sign of reversal. Currently coming back down towards the start of the recent breakout at the 575~600 area. Would like to see this area hold over the next day or two if we are going to maintain uptrend. One of...
ALGO/BTC (Algorand) - In 4 hrs Timeframe, Forming Falling Wedge Pattern (Bullish) - May Be Test the Support Area Before Move Up. - Falling Wedge Breakout Expected If Hold then Bounce Back From Support.. Buy Around 500 - 520 Sats Sell Targets 560 - 620 - 680 Sats Stop Loss Below the Support..!! Please, give us your opinion in the comments! If you...
It seems like we have completed correction of last attack and 0.618 fib. level is a good support. Still has an increasing RSI trend line and still oversold daily.
The trend is your friend, even in downward trajectory. Trends give you an idea of what to expect for the short term at least.
In my recent ideas I suggested, that Algo had a breakout from a Falling Wedge and that more upside movement would follow. And there was a move to the upside, but not very strong and not with a lot of volume. So now it seems to me, that there was no real change in trend yet. The bulls are still hesitating. So I adjusted the wedge... Let's see...
It would be a good sign if the 5th wave drop will be accompanied by a bullish divergence shown by the MACD.
ALGORAND hit the exchanges on Friday, including Binance. The ICO price was $2.40, already sitting around $1.40. That's a 41% drop in 3 days, ouch! Usually, we see at least 1 nice green candle day during the first 5 days of a new listing. ALGO hasn't had that yet so it could be overdue. This is an extremely speculative play though based upon psychology and zero...
Not much history for that coin so TA not really reliable. But at least it may give some idea for targets in case of growth. Here they are. Don't thank me, just push like =)