Algo
Cosmos, ATOM, Golden pocket retrace sets up 18x Algo targetGolden pocket special...
to avoid being repetitive & to save time I'll just give the trade and spare you the write up. See linked BTC chart for more details.
The Trade?
Preferred Entry: $4.40 or 0.618 retrace of this impulse wave (if we get one)
Ape Entry: $5.53
Stop: $4.3 - if it breaks lows, watch for divergence on macd +rsi combined for re-entry
Target: $102
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
VRA, Verasity, 0.618 Fib retrace sets up a 100x algo targetMy favorite trade, to avoid being repetitive & to save time I'll just give the trade and spare you the write up. See linked BTC chart for more details.
Beautiful double bottom into the golden pocket... excellent R:R
The Trade?
Preferred Entry: $0.025
Ape Entry: $0.0275
Stop: $0.019
Target: $1.41
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
DAG, Constellation, Golden pocket sets up a 50x algo targetMy favorite trade, since it's set up across many alts, to avoid being repetitive & save time I'll just give the trade and spare you the write up. See linked BTC for more.
The Trade?
Preferred Entry: $0.025
Ape Entry: $0.0275
Stop: $0.019
Target: $1.41
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
ZIL, Zilliqa, 0.618 Fib retrace sets up a 47x targetmy favorite trade; Golden pocket special.. What's Zil up to these days anyway?
Key Points
Trump lol
The Trade:
Entry: $0.0136 would be best, but given the R:R It's still tempting here at $0.016
Stop: $0.01
Target: $0.80
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Bitcoin, BTC, You're not Bullish enough... $400k, $600k, $1.5mCan you feel that? the weight has been lifted...
With Trump winning the election expect BTC to rally. Hard. Garry Gensler? Day 1, gone. Elizabeth warren, powerless. Larry Fink - the CEO of the worlds largest asset manager is calling BTC a "flight to safety", saying "it's bigger than any government" & "its digital gold"...
The stars have aligned, we're all set for cryptos version of the .com rally...
Key Points
Trump won the election - extremely bullish for bitcoin
Trump has said the US Gov will not sell the BTC &
This will form the foundation of a BTC Strategic Reserve
Day 1 he will fire Gary Gensler
He wants to make America the global leader of crypto
Larry Fink - "flight to safety", "it's bigger than any government", "its digital gold"
2011 - 2015 Pitchfork still framing Bitcoins price almost 10 years later
1.618 pitchfork marked the 2017 top
First Algo target from 2015 - 2021 & second Algo target from 2011 - 2013 at $55,000 & $62,000 marked the 2021 double top
1.236 pitchfork boundary marked the first top in 2021
& the 1.0 pitchfork boundary marked the secondary high in 2021
First Algo target from 2020 - 2021 at about $126,000
Second Algo target from 2020 - 2021 at about $372,000
Second Algo target from 2015 - 2017 at about 395,000
1.382 Pitchfork boundary in confluence with algo targets for a November top
1st target for the 3rd wave comes in at $563,000
1:1 range expansion from 2011 - 2013 at $608,000
2.0 pitchfork boundary in confluence with algo target in September
2nd target for the 3rd wave at $1,500,000 by June 2026
The Trade?
Do everything you can to acquire as much spot Bitcoin as you can while we remain in this re-accumulation range, then diamond hand it as long as you can bare. A trade with big flashing neon signs like this doesn't come up every day.
Depending on your time horizon & personal objectives taking money off the table at key targets would be wise while leaving enough in for over performance.
Remember to self custody, "not your keys not your crypto".
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
ADA, Cardano, 0.5 Fib retrace sets up a 27x Algo targetCan you feel that? the weight has been lifted...
With Trump winning the election and BTC breaking ATH, expect alts to rally. Hard. Cardano is set up perfectly, there isn't a better entry than this.
Key Points:
The 2020 bull market fully retraced to 0.5 fib
A retrace to only 0.5 fib suggests Cardano is very strong
0.5 tested multiple times with a higher low now in
Trump won the election - very bullish for crypto
The Trade:
Entry: anywhere here. this is a monthly chart. Think bigger picture. Buy and hold.
Algo Target: $10.33 (27x)
Stops: if something weird happens and this starts selling off, I'd be out under that previous low.
Range Expansion Target: $38.60 (100x) - less likely but who knows, might be worth keeping a small moon bag.
We won't talk about the Elliot wave targets... too high, too much hopium
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
ALGOUSDT : The prospect of increasing?As you can see, ALGO has created an ascending head and shoulders and is also located in the Falling wedge , which means that if it breaks, we expect the price to reach the target (AB=CD).
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Algorand 65000%Algorand is in a brutal Broadening Wedge Pattern, according to the textbooks it should do what is shown. Many alts, either OGs or legit layer-1 chains got absolutely rekt versus BTC caused by uncertainty of many things, Macro, SEC, bankrupt crypto lending companies, QT, scams like FTX and so on. Too many bad things and actors in the market and god knows what else, crypto in general got torn apart left and right since BTC touched 68k for the first time.
#LET'S_GO_FORWARD
ALGO Long Spot Position (Descending Resistance Breakout)Market Context: ALGO has recently broken through the descending resistance line from May and is now at support, presenting a long trade opportunity.
Trade Setup:
Entry: Ladder into a long position in the $0.13 - $0.1380 support area.
Take Profit:
First target: $0.16 - $0.17
Second target: $0.20 - $0.2170
Stop Loss: Just below $0.123
⚡ This setup aims to capitalize on the breakout and current support level.
#ALGO #Crypto
#ALGO/USDT#ALGO
The price is moving in a descending channel on the 1-hour frame and is sticking to it to a large extent and is expected to break it upwards
We have a bounce that was booked from the lower limit of the channel at a price of 0.1200
We have a downtrend on the RSI indicator which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.1210
First target 0.1250
Second target 0.1300
Third target 0.1344
ALGO is breaking out of the current wedge pattern.ALGO has just broken out of the wedge pattern that it has been in for a minute now, and is looking like it could be getting ready to run. It's likely to go the .15 range, retrace back down to the upper wedge trendline, then continue the move from there.
Good luck, and always use a stop-loss!
Alikze »» ALGO | Ascending corner pattern🔍 Technical analysis: Ascending corner pattern
- It is moving in a downward channel in the daily time frame.
- It was mentioned in the analysis presented in the previous post, after the failure of the supply zone, it will have the ability to continue the trend until the next supply zone. But it faced selling pressure in the first supply area, which led to a correction of 0.23 from the previous wave.
-Currently, it is in a corner pattern, which after the break of the channel, a pullback to the roof of the descending channel has been done.
- Also, with the support of dynamic trigger, it can lead to escape from density.
- Therefore, by leaving the density, it will have the ability to reach the specified goals and also the supply area.
💎 Alternative scenario: In addition, if it faces selling pressure in the area of the high dynamic trigger and does not have a correction in the form of a soft landing, it can continue to correct up to the range of 0.097 with the failure of the low dynamic trigger.
💎 Note: If Fibo 0.23 is not maintained and below the stabilization zone, the bullish scenario will be invalidated and should be reviewed and updated.
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BINANCE:ALGOUSDT
ALGO/USDT Secondary trend. Wedge is a trend. 11 2023Logarithm. Time frame 3 days. Linear price graph for clarity of this beauty.
The entire secondary trend is a falling wedge , a decline in price from the highs to date for 718 days (24 months, or almost 2 years). Volatility has decreased to a minimum, the price is conditionally squeezed, in the near future there may be an excess of supply/demand and a breakthrough of this long-term formation will occur. A pump impulse for a breakthrough due to super “dead faith” and rather low liquidity (price slippage) can be significant.
Decline from the low (liquidity) -96.66%.
We are in the zone of so-called capitulation (on the cryptocurrency itself).
Also, the chart shows conditionally maximum average (from the average price) potential targets of market phases:
1) “participation” (development of the bullish trend to the reset zone, i.e. distribution).
2) Distribution.
Unfair market competition by large market participants.
Prices now, it is about 0.1$, which is the price of “large capital” that “invested” in this crypto project. But, they sold out long ago on the first listings..... After all, the crowd was “sold” at the ICO at an average of about 2.5$ per coin, or even more expensive by the method of divorce with the Dutch auction. That is roughly speaking it is +25X (+2500%).
Dutch auction (in the classical sense) is a type of bidding, at the beginning of which the highest price for the lot is announced, which gradually decreases; the participant who was the first to stop the price decrease becomes the winner.
Bullish cycle 2020-2021.
Then after a dump to the 2020-2021 set zone (0.25$ average) in the bull cycle managed to pump and form a distribution (reset) zone of more than +1000%. From that reset zone and formed this truly huge downward wedge, just like on EOS.
So, this cryptocurrency "changed speculative hands" many times (huge dump/dump volatility). Anyone could make money, but not the “hamster” level. Perhaps there will be one last run of significant price pumping towards the end of 2024 -2025.
Candlestick chart of the wedge zone for comparison.
Local trend.
ALGO/USDT Local trend. Wedge breakout zone . 5 11 2023
The main trend. The entire trading history. Accumulation/distribution zones. Time frame 1 week.
ALGO/USDT Major trend. Cycles. 07 2023
ANOTHER PERSPECTIVE OF THE LONG-TERM POTENTIAL FOR ALGO.ALGO is one of the best cryptocurrencies you can buy, especially at today’s prices. Being one of only a handful of top-quality cryptos that are ISO 20022 compliant, like XRP, XLM, and Quant, I believe the future is bright for ALGO and its holders.
This chart isn’t set in stone and will change over time as more information comes to light.
Good luck, and enjoy becoming a millionaire!
Strong demand zoneALGO is in an uptrend and is currently approaching a strong demand zone. This area can act as significant support, potentially driving the price upwards. The price is moving slowly within this demand zone, which may indicate the market’s attempt to attract new buyers.
One possible scenario is that the price finds support in the demand zone and, after observing sufficient confirmations, moves upwards. This movement could indicate the continuation of the uptrend and the potential for further price growth.
Another scenario is that the price stabilizes after reaching the demand zone, and after observing strong confirmations, it moves upwards. This scenario suggests that demand is being absorbed in this area, leading to a new upward move.
Weekly Watchlist Analysis : ALGOWeekly Watchlist Analysis 📊
#Algo
#4h
In the first trigger of my strategy, the price has dropped by nearly 13% 📉. The previous uptrend exhibited clear signs of weakness:
Reduced Momentum: After each breakout, the price moved less each time ⬇️.
Increased Red Candles: More red candles appeared toward the end of the trend, indicating selling pressure 🟥.
Declining Buying Volume: The final wave saw reduced buying volume while selling volume spiked significantly 📈.
As the cycle high formed, the market entered a range after the drop, reinforcing the potential for an earlier short position 📉.
Entry Points:
First Entry:
After the Head and Shoulders pattern broke on the 1-hour timeframe, we got our first entry at the top of the move 🎯.
Second Entry:
As the price reached the next major support, we went for a correction. The green candles that followed lacked volume and size 📉. After the support was broken and a pullback occurred, the second entry was executed (another entry was made during the support break as well).
Third Entry:
Upon reaching the next key support level at 0.1258, a sell-off candle appeared, signaling the end of the trend or at least the start of a correction on the 4-hour timeframe 🕒. After ranging and forming a box, a false break to the downside occurred, which lacked the strength to break the previous high or even the box's high, indicating buyer weakness 📉. This was a signal to enter on the next break.
Currently, the ongoing downtrend lacks the strength seen in the previous trend. If selling volume doesn’t increase within the next 48 hours, there’s a possibility of a deep correction to the upside in higher timeframes 🔄.
Categories: Trend Analysis, Support and Resistance, Volume Analysis
Hashtags: #Algo #CryptoAnalysis #TradingStrategy #Tradecitypro #TCP 🚀
Buying an Algorand to trade on the spot market.#ALGOUSDT
There are many factors that indicate the possibility of buying:
1. The strength index suggests that a rebound is possible in the short term.
2. We have already seen a complete bearish correction of A, B and C.
3. According to technical analysis, we have reached the bottom zone.
4. At the moment, the first and second waves have formed, and a long third wave is expected to follow. However, the target ($0.6495) can be reached by both the third and fifth waves.
Good luck to you!
Please note that these are just my expectations. There is no financial or investment advice here. All of the above information is provided for informational purposes only.
ALGO (Algorand): Falling Wedge BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with +22% upside potential to $.17 resistance. Stop Loss at $0.12. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Up, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.11, then $0.087. Nearest Resistance Zone is $0.15, then $0.20.