AlgorandPembelian
Possible 10-30% Gains on ALGO
Overview
- Overall has been making a nice rising structure which has the potential to take off towards the current last high. I spend the hours getting free trade set-ups for USD pairs so you don't have too. Don't miss out and Follow! Let's start from the top!
Price Chart
- 4hr chart with 20/50/200MA's to help indicate future supports and resistances
- Currently, ALGO is respecting the 50MA so this yellow line can be used as a support
- Is possible ALGO is in the last stage of the inverse H&S where it does a small accumulation, and once complete, it could be breaking the green trendline indicating the neckline to send it to higher prices
- If you wanted to be really low-risk you could wait until the price touches the red trendline or if price retouches the 50MA to reduce your risk
RSI
- RSI value looks great as the value is not overbought or oversold so has plenty of room to grow
- Could be forming a symmetrical triangle and once the green resistance line is clearly broken, could indicate that it's breakout time
Stoch
- Stoch value is high but last ATH this value maintained high values so this could be the case here
BTC NOW
- Text explains chart
Extra Info
- Learn about ALGO here: algorand.foundation/
- ALGO VOLUME: coinmarketcap.com/currencies/algorand/
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for free trade set-ups and helpful trading strategies 🏆
Would also like to know your thoughts! Remember this is not financial advice, however, it is an overview of what I am seeing in this coin's price action.
-Happy Trading
MoneyGrind
- Overall has been making a nice rising structure which has the potential to take off towards the current last high. I spend the hours getting free trade set-ups for USD pairs so you don't have too. Don't miss out and Follow! Let's start from the top!
Price Chart
- 4hr chart with 20/50/200MA's to help indicate future supports and resistances
- Currently, ALGO is respecting the 50MA so this yellow line can be used as a support
- Is possible ALGO is in the last stage of the inverse H&S where it does a small accumulation, and once complete, it could be breaking the green trendline indicating the neckline to send it to higher prices
- If you wanted to be really low-risk you could wait until the price touches the red trendline or if price retouches the 50MA to reduce your risk
RSI
- RSI value looks great as the value is not overbought or oversold so has plenty of room to grow
- Could be forming a symmetrical triangle and once the green resistance line is clearly broken, could indicate that it's breakout time
Stoch
- Stoch value is high but last ATH this value maintained high values so this could be the case here
BTC NOW
- Text explains chart
Extra Info
- Learn about ALGO here: algorand.foundation/
- ALGO VOLUME: coinmarketcap.com/currencies/algorand/
If you enjoyed this analysis or learned something new, please LIKE this idea 👍
FOLLOW for free trade set-ups and helpful trading strategies 🏆
Would also like to know your thoughts! Remember this is not financial advice, however, it is an overview of what I am seeing in this coin's price action.
-Happy Trading
MoneyGrind
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.