Algorandืืื ื
ALGO the Star ๐: a Fresh Look pointing at +80%
ืืขืืืื
Shwatup doe! Hope you are healthy wealthy and blessed <3
It is a wild and beautiful day in the world of crypto, I hope all of you are experiencing it in joy!
Now here we are looking at ALGO on the daily time frame, zoomed way out so BIG PICTURE ya; and what do we see?!
โญ๏ธ
I have been simply drawing trend lines on this chart throughout the past month or so and hadnโt noticed this star pattern forming, that is until this last parabolic upswing that seems to want to connect the 5-point star pattern to its peak point of $0.94 USD ... the 4.236 Fibonacci extension of our recent low of $0.27 that happens to coincide with the trend line of our previous peaks.
Coincidence?
Maybe we should ask the stars... โจ
As I said in my last idea titled ALGO Bullish Trend... , โif .47 is broken, we could see a quick move to the .53 areaโ Well, here we are bounced off .53 to support at .49 and now back up sitting right under .53 , at .5064 , with .52 looking like it wants to become support for further uptrend. With a breakout over .52 turned support confirmation, this trade comes into play.
If this star pattern plays out, we may see some resistance at $0.68-$0.70
There looks to be STRONG support at $0.42, and strong support at $0.47 and $0.49, with strength and VOLUME building here at the $0.50-$0.52 level
Long open for possible +80% gains from $0.52 to $0.94
These are my ideas and I am simply sharing my ideas with you.
Please assume your own risk and management.
I am not a financial advisor and this is not financial advice.
One Love โค๏ธ
It is a wild and beautiful day in the world of crypto, I hope all of you are experiencing it in joy!
Now here we are looking at ALGO on the daily time frame, zoomed way out so BIG PICTURE ya; and what do we see?!
โญ๏ธ
I have been simply drawing trend lines on this chart throughout the past month or so and hadnโt noticed this star pattern forming, that is until this last parabolic upswing that seems to want to connect the 5-point star pattern to its peak point of $0.94 USD ... the 4.236 Fibonacci extension of our recent low of $0.27 that happens to coincide with the trend line of our previous peaks.
Coincidence?
Maybe we should ask the stars... โจ
As I said in my last idea titled ALGO Bullish Trend... , โif .47 is broken, we could see a quick move to the .53 areaโ Well, here we are bounced off .53 to support at .49 and now back up sitting right under .53 , at .5064 , with .52 looking like it wants to become support for further uptrend. With a breakout over .52 turned support confirmation, this trade comes into play.
If this star pattern plays out, we may see some resistance at $0.68-$0.70
There looks to be STRONG support at $0.42, and strong support at $0.47 and $0.49, with strength and VOLUME building here at the $0.50-$0.52 level
Long open for possible +80% gains from $0.52 to $0.94
These are my ideas and I am simply sharing my ideas with you.
Please assume your own risk and management.
I am not a financial advisor and this is not financial advice.
One Love โค๏ธ
ืืขืจื
Ranging between .42 and .52 that trend line acting nicely as support,
we could see another go at breaking .52 this weekend.
ืืขืจื
.47 and .49 need to be bought up some more firstืืขืจื
Wow, this pattern is holding up better than I expected!The lower trend line of the "star" held as support, and price pinged exactly off the upper trend line at .70
$0.94 - here we come ( ! )
ืืขืจื
We could see a pullback here to the .50s before continuing the trend.If that happens, i'll be bringing my chips for the dip ;)
ืขืกืงื ืคืขืืื
Congrats boys ,I'm letting some ride xxx
ืืขืจื
Looks like a prime long entry again after cooling down over the past two years. Fundamentals haven't changed.
ืขืกืงื ืคืขืืื
LONG from .22ืืขืกืงื ืืืืื ืืืืคื ืืื ื
Forgot to update this, closed this shitcoin trade. Did well in 2021, one of my biggest printers before I found OHM and that whole era happened.
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