It seems that Algo finished the falling. The correction wave started yesterday and continues this week to reach an expected target of 0.28.
If Algo can't cross the trend line, the target of the fifth wave will be 0.18.
Hi dear traders
As you saw in previous analysis we take profit 📈 full target ✅.
Now we can see bullish divergence.
I expect price bounced to near EMA20 before move down to 0.18 support area.
We can take some profit.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Hi dear traders
As you saw in previous analysis we take profit 📈.
The price has formed a bearish flag.
If it loses the 0.26 support on the daily time frame, I expect the price to drop down to the 0.2444 and 0.2306 area.
Wait for a pullback to the 0.271 area to enter.
This area should be tested as resistance and the pattern confirmed.
Waiting ✋ for confirmation....
Algo is it the way to form an expected shark pattern
Potential Reversal Zone PRZ from 0.246-0.2245
Permissible Execution Zone PEZ from 0.246 -0.1812
Wait for a reversal sign to enter and your stop 4H close below 0.18
Hi dear traders
The price moving in Ascending channel. We can see shooting star 🌠candle.
Now we can open short position with good R:R.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Here's a quick look at ALGO 30 min chart. As we can see, the price has been forming a symmetrical triangle and we will see a breakout soon! Keep an eye on this setup!
The best entry would be when the price breaks above 0.302$ with a good amount of volume.
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The idea is: Buy when the price breaks above 0.302$ and take...
i am sharing my position on algorand i hope you can get money from it. plesae do not forget that this is not financial advice it is only my opinion.
entry price : 0,3014
stop : 0,2910
take profit : 0,3199
ALGO has registered a growth of 11% in the last 24 hours. The price of this currency, which is in a range trend in the daily time frame, broke (fake) its support level in the range of 0.26 to 0.28 dollars. The support of buyers has led to the return of high prices in this area. Therefore, we expect a good reaction in case of a pullback to this area. The overall...
The threat of global economic crisis and recession is no longer a possibility, but a reality. Therefore, in a few months, decreases will continue in coins, especially ALGO. There is still the possibility of a dead cat bounce in the short term and then it is highly possible to pull back to 0.17$ support and get a reaction. It is best to wait for the 0.11$ ...
Some coins have reached the rock bottom. Rock bottom does not guarantee or is a symptom of reversal to the upside.
it's important to note that reversal happens when price has got to an institutional key level or say protected levels.
This is the level the market makers and investors would not like to see price trade below. They would however rather introduce...
