ALGOUSDT
₿ ALGOUSDT 1D ₿ : 24.Oct.2021This analysis is a check of the chart in a Daily time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask . My personal opinion : Personal review to buy (Buy Recommendation)
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 24.Oct.2021
⚠️(DYOR)
ALGO impulsive move ahead ? ALGO had a strong breakout in early September and has been since in consolidation above the 1.5$ area.
Prices are in compression days after days and could well go for another impulsive move up.
I would wait for the MACD to go green and the upper BB to open before catching up a move as a fake signal could be given.
This on is to be follow, we could anticipate and give a small percentage on a buy in case it pop.
Breakout confirmation in ALGOAs it can be seen in the chart Algo has broken out its great bearish trend line and it has tested it and the major bullish trend line. Now a pull back to an important 4H level can be seen which can be great long position with a suitable risk/reward stand point.
Besides, having a look at its current market cap which is about 11B can be insightful. In other words, changing the flow of money to Algo, it just need 4B to reach all of our targets.
Algo looking to break outI have been watching Algo for a bit... i been meaning to buy it earlier and earlier...but of course I slept on it and it would be a profitable hold today.
Well this time I will not miss out, I feel like its primed... If my alarm hits I will market by algo in the 1.75ish range and just wait.
ALGOUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
target: 2.75 - 3
after first target reached move ur stop to breakeven
stop: ~1.75 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions(Looking for investors!).
ALGOUSDT AnalysisHello friends.
Please support my work by clicking the LIKE button(If you liked).Thank you!
Everything on the chart.
open pos: market
target: 2.75 - 3
after first target reached move ur stop to breakeven
stop: ~1.8 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 2
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to your questions or suggestions(Looking for investors!).
ALGOUSDT Technical Analysis⏳ Spot
💎 ALGOUSDT has formed a symmetrical triangle, the price has got rejected from the bottom of the triangle, I expect it to move higher and after the breakout we will see a bluish move
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 1.6969
☕️ TP1 1.8200
🍺 TP2 1.9000
🍻 TP3 2.1000
🍾 TP4 ______
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 1.6000
Good Luck 🎲
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Algorand (ALGO) - Algorand's had a bad day. Places to buyAlgorand suffered after a recent breakout attempt, where an old daily Dynamic support flipped to resistance and gave us a little local double top. After this those who bought the breakout no doubt have dumped it and caused it to drop to the current lower dynamic support (green) which it is currently testing. The technicals look bad. But wont be confirmed until this 4H closes. Depending on how much you like the ALGO project, you could watch this current 4H candle and try accumulate at this dynamic support if it looks like it will close above price support and OBV key level. From here we may see a recovery. The alternative is this support is broken and we head back down to the 1.5 range. Buyers have been making slightly higher swing lows each time, but they have been failing to show strength.
Note the OBV signaling a strong sell off after attempted break. We would want it to hold that key level
Watch and act at this level, risking the recovery. OR wait until it returns to the 1.6-1.5 level and look for some signs of renewal there
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you see, the price is fluctuating above the support line. If it does not enter and stabilize below the support line, it can touch its target after breaking the resistance line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck