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ALGO/USDT (Trend Line) As the name implies, trend lines are levels used in technical analysis that can be drawn along a trend to represent either support or resistance, depending on the direction of the trend. Think of them as the diagonal equivalent of horizontal support and resistance. Notice how shortly after breaking trend line resistance, the market came back to retest the trend line as new support and formed a bullish pin bar in the process. This allowed price action traders to buy just before the market rallied for up trend
Long
by majidalisabir
Algorand (ALGO) - September 4Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The 0.3310 point is an important support and resistance point, and whether we can move higher than 0.3310 is crucial. (1D chart) It is mixed, so you need to be careful with your trade. Therefore, it is necessary to confirm whether it can be supported by rising above the 0.3310 point. - In order to continue the upward trend from the current position, it must rise above 0.3601. - For those who are investing in ALGO, we recommend that you take the time to trade to increase the number of coins (tokens) you have. From a mid- to long-term perspective (at least 6 months to 1 year or more), a large uptrend is expected. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (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.) ---------------------------------
by readCrypto
Algorand (ALGO) - August 23Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether it can rise above 0.3310 and find support. (1D chart) If it does not rise above the 0.3099-0.3310 section, there is a possibility that it will fall to around 0.2140. - Since the RSI, Stoch RSI, and CCI(9) indicators have all entered the oversold zone, if they start to break out of the oversold zone, it is likely to lead to a big rise. To do that, you need to find support at or above the 0.3099-0.3310 range when you break out of the oversold zone. If it doesn't and it's finding resistance as it is now, it's likely to lead to further declines. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (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.) ---------------------------------
by readCrypto
1
Algorand (ALGO) - August 12hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1M Chart) The key is whether the price can be maintained above 0.3310. (1W chart) The key is whether it can find support at the 0.3310-0.4478 zone and move higher than 0.6704. - The RSI indicator is out of the oversold zone, but the Stoch RSI indicator is entering the overbought zone, so it is expected to show a mixed trend. (1D chart) It seems likely that a trend will form in a direction that deviates from the 0.3099-0.3872 range. A move above 0.3872 is expected to rise above 0.4478. However, holding the price above 0.3310 is expected to lead to an attempt to move higher above 0.3872. If it falls below 0.3099, it is expected to decline to around 0.2140. Therefore, if it falls below 0.3099 and resists, a stop loss is required to secure cash. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
ALGOUSDT |Coin Review| The bullish pattern will not hold!hello, I wrote a new idea for you. I think it's easy to like and subscribe to the channel, thanks😉 📌Friends today in our ALGO viola review 📌 There is a bullish triangle on the chart, the price is at the bottom of the pattern, I think if the price breaks the triangle, then we will probably test the trend line support zone, then it will start to grow with renewed vigor. 📌Of course, this is not a quick deal as you would like, but it looks good for the future. Write your comments what do you think about it👇
Short
by CryptoW1neer
HOW-TO : analyze the market with script051 indicatorsYou can find the indicators with the link below Indicators If you are in a 50% loss in the current bearish market, you probably did not choose the right point to enter or you got involved in the wrong hope that the price will return soon. So what should we do to avoid such losses? You should be familiar with market cycles 2 cycles that you are probably familiar with: psychology of a market cycle wyckoff price cycle The problem with the above cycles is that We cannot easily recognize the phases of the cycle But look at the cycle below This cycle is exactly like the Wykoff cycle, only the names have been changed. "Hidden truth" is named because the real price of a share is only in this phase, and if someone wants to invest, it is better to enter in this price phase, but often everyone loses a large percentage of their capital at this phase, and if the price stay in this phase for a long time, they will probably leave position with a large loss. "Obvious truth" : In this phase, the direction of the price is easily recognized by traders and investors. The price is most likely moving upwards rapidly and the greed is also increasing. "Hidden lie" : It is the worst point to enter the market. This is a place where big players leave the market, but it seems to you that the price is going to grow, that's why this name was chosen! "Obvious lie" : This phase is also easily recognizable, but the greed that has formed during the 2 phases does not allow you to leave the market. The market trend has clearly changed, but you are trading against the direction of the market. For example, the market is now in the "Hidden truth" phase and good point for investment. The point that I need to mention is that -ONE LOOK is designed for the crypto market, but due to the general correlation of the markets, you can get good results for other markets as well. You don't need to identify the phases, the -ONE LOOK will do it for you. -ONE LOOK tells you where you are in the cycle at any moment with the help of 10 different indicators. If you enter the market at the right point with the help of -ONE LOOK , I promise you that 50% of your problems will be solved. Also, this indicator has features such as: 1.Heatmap 2.Screener You can use it according to your needs. Let's go to the next step ! Well, you were able to recognize the phases of the cycle and entered at the right point. But the fact is that cycles are formed in long periods of time (I know the fractal structure market :|) maybe you need to find the trend in "15m" chart. " -hero" and " -master cycle" will help you here. Look at the chart below These indicators are not magic, you can find the trend with moving average or market structure. With the difference that these indicators remove fakeout for you that might make you think the trend has changed We talked about cycles and trends. Another thing that I can boldly say that everyone uses is the key areas of the market. If you want to enter a trading position, you are usually looking for how the price reacts to the key areas. we also get help from these areas for exit and stop points, so obviously it is necessary to be able to find them correctly. Look at the chart below to see how we found the important price areas using indicators and how the price reacted and how we enter the trading position. With the help of volume profile and high and low points of daily weekly candles and channel bands, we can find suitable signals. But one of the key points of the market is the round numbers. Fortunately, we can find these points with the help of the " -auto round level" indicator But how can we find the signal and test them properly? First, let's see how to find good market entry with the -master cycle indicator : You already learned to find the trend with the master cycle. You can enter the position in 3 situations: 1.When the flow element changes state. 2.When the score element moves against the flow direction. 3.When the spot element appears You can also find good signals using -Hero 4 parameters are determined for the -hero indicator, by changing them you can get different signals (definitely, the accuracy and efficiency of each signal is different from each other) And the last indicator allows you to see at a glance what signal -Hero indicator has send for each symbol and at what time. You can find the indicators with the link below Indicators
BITSTAMP:BTCUSDEducation
by script051
3
Algorand (ALGO) - July 31Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether it can find support and move higher near 0.3319. (1D chart) Primary resistance: 0.3872-0.4478 Secondary resistance: 0.5993-0.6704 Support: 0.3099-0.3319 If it finds support above the HA-High indicator of 0.3414, I would expect it to move higher. A break below 0.3099 to find resistance is expected to lead to further declines. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1