We can see here how algo’s current daily candle is confidentially above the purple channel’s top trendline and currently seeing a bullish impulse. If it validates the breakout at this spot the target is around 39 cents. *not financial advice*
Another example of the psychological market manipulation.
3 examples Bitcoin, Ethereum and Algo.
Bitcoin and Ethereum vs Algo.
Compare yourself and look at support and resistance levels of all 3.
Determine for yourself what is the best investment.
Algo = massive growth cycles moving forward into the future. Like buying bitcoin or Ethereum 5 to 10 years ago....
Bullish Failure: ALGO's inability to sustain its reversal rally above $0.24 leads to a sharp decline.
Critical Support Breached: The price falls below the key level of $0.20, indicating increased bearish pressure.
50D EMA Struggle: ALGO is currently experiencing high volatility around the 50-day Exponential Moving Average (EMA).
Potential Bearish Pattern: The...
Current State: RUNE price faces a downturn, currently trading at $4.53, teetering around a key support level.
Recent Drop: Experienced a significant 10.54% fall last night, signaling potential market volatility.
Key Support: Finds itself at the critical $4.50 mark, a pivotal point for the upcoming price trend.
Technical Formation: A potential double bottom pattern...
Is ALGO finally looking to break to the upside for the first time in 2024? its looking promising! A critical level for ALGO is around $.30 and I think we might be making a slow journey in that direction.
Trading the breakout pull back continuation pattern to confirm direction and volume.
It would appear that the next wave up is underway.
To remind, ALGO printed a shooting star and that would very often signal a top / significant correction.
But crypto is really warming up now and ALGO appears to be into the next wave up already.
It wasn't entirely clear because we have multiple tiered 3 wave corrections.
And ALGO has not even hit the 0.382...
I'm adding more to my position on Algo. This thing is strong and will continue to awaken.
Check levels for accumulation ranges. 16% I have limit buy orders at every 5% to grab more momentum once we take off. Low-Medium Risk Trade Check All Levels, Plan in advance based on risk tolerance. Always us risk management, DYOR and NFA.
The focus of the money being back on crypto, we can see the patterns showing. While many complain of ALGOs slow move, the announcement to allow PYTHON language programming in February 2024 will only push ALGO adoption up. Remember, ALGO has never had down time, never has failed since it's inception in 2017.
All the best of family, health and wealth for you!
ALGO is up 135% from the previous call on it around 0.1$ first weekly TP is hit and failing to close above it will be taking profit point BTC also not looking good right now so be a good risk manager and 50% minimum take profit Altcoins are not like BTC they are for buy and sell.
we will consider buying it back if it breaks and holds this LVL.
Reversal Rally Reaching $0.20: ALGO's ongoing reversal rally is gaining momentum, currently reaching around $0.20.
32% Jump in Last Week: The bull run has resulted in a 32% increase in ALGO's price in the past week.
Potential Surge to $0.2834: The high momentum bullish rally might soon surpass $0.25 and reach as high as $0.2834.
18% Year-to-Date Growth: Despite...
EURONEXT:ALGO looks to be ready to take another leg up in this channel its in.
Again it depends if #Bitcoin hold its sideways slow grind up price. #charts #crypto #alts #altcoins
1hr green DOT and in the money flow with a trigger wave along with break out of the descending triangle Ride nicely in the rising channel represented buy my thick red lines top and...
This is a highly volatile market. Prices can change in the blink of an eye. If we have a whole market pull back the last significant low will naturally act as the strongest level of support and if we have a subsequent push. We could end up in a situation where we are highly leveraged in the green. That's the objective with this trade
Consolidation Range Breakout: ALGO shows a breakout from its consolidation range, aiming to rally beyond $0.1717.
25% Jump in Eight Days: There's been a significant 25% increase in ALGO's price in the last eight days.
Potential to Surpass $0.1717: The current bullish rally could soon exceed $0.1717, targeting $0.19.
Bitcoin's Influence on Altcoins: Bitcoin...
