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ALGOUSD ❕ bullish sentiment Algorand has fixed itself above the liquidity zone. Trading volumes remain stable. Price is above 50, 100 and 200MA on 30m timeframe. The 100MA has broken up the 200MA on the 30m Timeframe. I expect ALGO to continue rising after fixing above the resistance level .

ALGO: Potential 53 to 55 Cents Can Go Higher Near 60 Cents Hi Everyone! Simply pointing out ALGOUSDT has potential to continue higher to proximity of the yellow b-band basis in the 24-hour time frame. Not this 24-hour candle but the next 24-hour candle. Happy Trading and Stay Awesome! David

ALGO/USDT in a decesive phase, Will it Make it or Break it? Algorand in the recent times has attracted many and hence one can expect a significant upswing in the coming days, only if the asset breaks through the current pattern. The ALGO price since the beginning of the 2022 trade is swinging within a falling wedge pattern, which is eventually a bullish indicator. No doubt the recent Terra-UST crisis hamper the rally to some extent, but the asset appears to be poised to secure back its initial positions at the earliest. And hence, now when the price is very close to $0.5 levels it may move ahead accordingly slowly yet steadily until it reaches back to the pivotal zones around $1 piercing through $0.7 resistance. On the other hand, if in case the price faces a rejection here, it may slip down below $0.4 to test 0.34.

Algo Bull incoming Algo just increase its stake reward on coinbase the highest earner rewards. Massive buying volume have already started Algo stake reward payout daily and higher then most other coins atm. Coin have potential moving up in the next few days. Algo reach its low at .35cent and pulled back .10 which is very low. The RSI have shown double bottom inverse.

ALGOUSD: Hidden Bullish Divergence at an .886 Visible on Weekly We have a Bullish Shark Here and if it plays out we could first see a rally to the 1.13 Extension above and as high as the 1.618 Extension Above

ALGORAND at 31 cents is a BUY Our updated chart on Algorand shows short term pressure and a Buying opportunity soon. A combination of 'Sell the news' regarding FIFA sponsorship : and the fact that the crypto market has been attacked (call it raped..). Regardless, our chart shows 31 cents support and that's a level we will most likely see and then definitely Buy. One Love, the FXPROFESSOR

ALGORAND - 0,519 is MAJOR Resistance ALGORAND but not just ALGORAND as the whole market has taken a SERIOUS beating; has had severe losses This is our updated chart which shows 0,519 being a serious Resistance. We would prefer to be short with a stop loss at 0,53 for now, or prefer to Buy over 0,519 (or lower at 0,31 and 0,20 doomsday prices). Market is still in grave danger. One Love, the FXPROFESSOR

Algorand (ALGO) - May 10 hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- ( ALGOUSDT 1W Chart) Above 0.6132: It is expected to continue the upward trend from a mid- to long-term point of view. If it falls below 0.5021, there is a possibility of entering the mid- to long-term investment zone, so careful trading is required. Therefore, it is an important observation point to reserve the power to create a new wave by going sideways in the 0.6132-0.9353 section. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------

This Chart Pattern Calls for Algorand $1.00 Target The technical chart suggests that Algorand (ALGO) has the potential to tag the $1.00 milestone again. The downswings since February 8 can be confined within a descending channel , with the swings getting shorter in magnitude and the momentum drying out. Algorand Descending Channel After reaching the lower support trendline, the ALGO price bounced, and we're now looking for a possible retest of the upper resistance trendline, which falls near the $1.00 psychological level. The current bounce is also supported by the RSI oscillator, which broke above the 50 mid-level. The last time the RSI broke above the 50 mid-level on March 21, ALGO's price retested the upper resistance trendline. The pattern, if confirmed, could set off a much larger rally in the coming months. However, for a meaningful reversal, we would need a daily break and close above the descending channel but, more importantly, above $1.00. We also have a massive bullish divergence between the price and the RSI oscillator, which highlights the exhaustion of selling pressure. This is a significant price development because it has the potential to call for a potential bullish reversal. Looking forward: We have to keep in mind that the overall trend is bearish as we're still trading below the 200-day simple moving average , and in terms of the price structure, we are still following a bearish path. However, we might be in the process of a reversal if the pattern highlighted above is triggered.

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