Symmetrical triangle in Algorand* Algorand in 3H time frame forms Symmetrical triangle.
* Symmetrical triangle occurs when the price consolidates between two trend-lines slightly sloping towards each other, the price is squeezed till it breaks the either side of the pattern.
* Here the Descending trend-line works as resistance and the ascending trend-line works as support.
* Breakout on the either side of the pattern will give a healthy move.
Algousdtlong
ALGOUSDT Flag Pattern!ALGOUSDT Technical analysis Update
ALGO/USDT currently trading at $0.8438
Flag Pattern
Buy level: Above $0.840
Stop loss: $0.800
TP1: $0.865
TP2: $0.910
TP3: $0.99
Max Leverage 3x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
ALGO > Trendline Breakout and Retest > Upmove from Support Zone?Hello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of ALGO.
According to my technical analysis, ALGO will now go till next resistance zone as it just broke out from trendline.
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Have a look ... +150% potential for Algo 👌technically, we wont see Algo under 50 cents again unless bull run is over n actually it is not yet.
Algorand fundamentally from strong projects that have a great technology that's why it jumped from 8 cent to $1.80 !
82 cents is strong support n will hold in the worst correction scenario.
Algorand is a prefect choice for long term investment, it may rich 6$ n $9 maximum in the near longterm.
but we still have a great potential to go up.
Try to have some in ur portfolio.
✅ Buy: 1.25 - 1.00 ✅
🎯TARGETS:
1- $1.58
2- $1.80
3- $2.40
4- $3.30
💵 Trade Size: 5-7% of Portfolio
🚫 Stop loss: daily candle close below 0.825
Please click LIKE button and Appreciate my hard work.
Must follow me for latest crypto real time updates.
Thank you.
$ALGO Continues the Slow & Steady Path to $2*THIS IS NOT FINANCIAL ADVICE*
Besides the fact that ALGO has real uses, and is backed by a solid team, it's ALT season so most things don't matter.
As you can see from my chart (and previous chart) ALGO is on a steady climb to its resistance zone in the $1.60 to $1.80 range.
Afterward, I expect $2 to be the next resistance target but just like when it hit $1, it will surpass this and settle around the low $2 range.
($2 will only be a psychological resistance)
By this time next week, ALGO will reach the top of its accumulation zone and begin retesting its resistance zone.
As you can see in the first zone, ALGO hit resistance 3x before cross it on its 4th.
Overall, I expect ALGO to stick around for a long time and will someday be worth more than $5 💎
Please let me know your thoughts on this theory, or if you have another idea in mind!
Algorand ALGO-USD Ascending Triangle - Bullish ScenarioPossible scenarios I am looking at:
1. BO of Ascending Triangle
2. Consolidation before the next leg up to ATH
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk