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Algo

Algorand (heading to $2.00)Algorand's Community Governance is open, and enrollment closes mid-month. Algo is currently seeing a breakout from a larger Bull Flag, followed by this small Descending Triangle (seen within the red lines). Assuming this pattern might be part of a larger move, this could be a measured move up with a price target of $2.00. This move might be seen as the copied bars pattern from the previous swing up. (seen as the purple bars). Support/Floor at $1.50 with resistance at $2.00. related published Algorand ideas linked below.
Long
by marcosdaunte
ALGO on the way to new ATHALGO digital currency is in a good uptrend which can make a +50% profit! Due to the break of the mid-term downtrend line that it has been dealing with since early September, in yesterday's rally, it was able to break it up and complete its pull-back on it. You can now buy with a medium-term vision to reach a new price ATH. In 1st Step TP, you can save some of the profit in the range of $ 2 to $ 2.2, and after passing through the trading zone (Shows in the chart), you can reach the previous ATH in the range of $ 2.4 - $ 2.5. This digital currency is one of the high potential currencies in the last quarter of 2021.
Long
by SasanSeifi
ALGO builidng volume pressure, trending above resistance Another personal trade I am looking at: ALGO like many of the alts is looking like it will breakout soon if bitcoin remains green, it was an over-performer with the early Sept' breakout and has been pulling back since. Positive volume pressure has been building despite the persistent pull back. On the 4hr it is facing the resistance of an immediate local trend and a slightly higher global trend (light pink). This may Impede an explosive breakout, but there are many other positive signs building for Algo. Positive signs: OBV trending above significant resistance (notice every time it has broken this resistance in has been knocked back down) Significant OBV Bullish divergence Slight MACD bullish divergence MACD range tightening, breakout coming (could be up or down) Sitting on local demand zone Negatives: Double trends to break (global trend channel looks like bullish flag - big positive if broken) Tightly coupled with bitcoin movements Entry on confirmation of trend break with strong volume closing above last pivot, or higher risk entry on touch of lower RSI trend. Look for break of upper RSI trend for further confirmation of breakout and possible increase in position size on pullback. Modest Profit targets marked, I will be taking profits prudently unless bitcoin shows clear signs of strength Always follow your trading plan, this is mine - far from financial advice :)
Long
by jamoooo
2
ALGO can Increase soon!Hi every one ALGORAND / TETHERUS ALGO has formed a Bullish Flag pattern. This Bullish Pattern Is Gonna Increase the Price soon, But The break out has not happened yet so we must wait or enter with caution. There are also Hidden Bullish Divergences on Both MACD and RSI Indicators. Since The Indicators Show the Future of the Market, We can be more sure about The Incoming Bullish Movement! The Price can Increase as much as the Flag Pole. Summery: -ALGO is in a bullish Flag. -(+HD) on Both MACD and RSI -The Price can increase as much as the Flag Pole. -No break out , no confirmations! 💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
8