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$ETH Maddrix III - Great SHORT taken, 50% of profit lost in pumpThis week Maddrix III took a short position (randomly decided by the algo) and it was our lucky day because it was dumping. It was frustrating because profits were cut by 2 due to the pump back. What is important to learn here is that when you have a trading system, you MUST stick to the rules. In this case, it reached it's STOP level, so it exited, for a much smaller profit. We can see that it then went back down and it "could" have made more. The problem is when it was pumping up, it could have kept going higher and higher, and the safest is to take some profits, instead of thinking "what if". This is what it means to be disciplined and have RULES. If this was done by a human, it would be very hard. Good thing the algo is taking care of it!
by Maddrix_club
Algo fifa sponsored moon-boy :) Algo, the E.U cross-bread of ADA academia with XRP compliance and gov ties :) Recent price action pushed by Fifa puts it at a very good buy level. However Covid black swan lows can theoretically allow for a second dump to 0.10 cents but this is very unlikely/willing to bet my car it wont happen. A more realistic max pain is of 0.26$ which is also more likely to only be possible within a wick context/willing to bet a 1 week holiday it wont happen. My personal opinion is that it will wiggle between 0.58 and 0.98$ for a while, outlier TP around 1.08$ and greed TP at 3$+./ willing to bet my dog's house it will happen :P Very good entry point at current levels :) Me gusta mucho! #LONG #RISK-ON
Long
by TheBitcoinGeneration
1
#ALGO/USDT 1DAY UPDATE BY CRYPTOSANDERS Welcome to this quick ALGO/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:- ALGO/USDT PARALLEL CHANNEL brake the green and trandline and buy the retest green zone. PARALLEL CHANNEL green zone. (SPOT CALL) Entry:-$0.4230,$0.4625 Traget:- 30% Stoploss:- $0.3555 Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
2022-05-16 ALGOUSDT Long IdeaMy thoughts on KUCOIN:ALGOUSDT : **Daily:** Price has moved down to a key demand level aligned with the green box at 35c. From here we have seen a good reaction with a reasonable amount of volume entering the market - however, we are still clearly in a downtrend, and every failed attempt at a recovery creates more low timeframe supply zones (red boxes) that will have to be overcome to regain bullish momentum. **4H:** Price has recovered past the 10/20EMA cradle and is shaping up for a recovery push. Key levels to watch will be the 50 Fibonacci level from the recent bearish move (as aligned to the 4H 100EMA in yellow) and the 61.8Fib level (as aligned to the low timeframe supply block in red). **1H**: Showing an interesting area for a short term long play. I've marked areas for consideration for accumulation, and where a stop loss should be placed. Targets have been set based on the higher timeframe confluences. *Ideas only, not financial advice*
Long
by DoryFish
2
[ALTCOIN] ALGOUSDT TREND LINE ANALYSISHello, everyone We're a team that specializes in chart analysis We will always analyze and provide you with charts to help you sell There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong. If you read the point of view and get to know the line, every line will adjust Thank you. Personally, I don't like it because it's a coin that has often shown me playing with the trend line. For example, around here, when a rebound was expected, he often showed a green frog-like appearance that he supported in the line that was always expected to break and break. There has been a rebound in the current support section, but it seems that it will show a good performance only if it is raised more strongly to break through the thick yellow upward trend and retest.
by BIT_INVEST
ALGOGUSD (Long Term Buy?) Scaling InScaling in to obtain best asset prices: We are looking to acquire assets to hold long term as the markets are selling off and the SPX and ES breaking through the 4,000 level while the DXY may test new highs. We do this by scaling in slowly to obtain an attractive weighted average price in selected cryptos. For this to work, you need to be VERY TIGHT in your entries and sizes, and not chase the markets. One of the assets we are looking to acquire is Algorand (ALGOUSD) which from their website, is "the world's most decentralized, scalable, and secure blockchain infrastructure, that is capable of powering anything from decentralized finance to generative NFT art, powering future economic models." Reminders: 1) Unless you are selling puts, it is more difficult to protect yourself from the downside in cryptos and create a margin of safety by selling DOTM puts on lower strikes for protection. 2) Cryptos are more risky therefore portfolio allocation and trade sizes are of critical importance. Levels where we are looking to buy. We are looking make small purchases in the 25 to 50 cent area as it's a great price range for a long term hold. If you buy in the 50-69 cent range, it's a good but not as great. Anything above 69 cents, you are starting to chase as our min sell target is $1.85 No matter what the SPX ES and DXY do, we are looking to purchase ALGOUSD at levels that have attractive risk to reward ratios, where slow scaling in with a long term hold make sense. At the low end, if we risk $0.25 to make $1.60 (eg 1.85 - 0.25 = 1.60) or over a 5x return. At the mid level, we risk $0.50 to make $1.50 a 3x return. * If you are not willing to scale in small amount of money for a very long time minimum 3-7 years here don't do this trade. Hope it helps Marc
COINBASE:ALGOUSDLong
by PowerIndicators
4
This Chart Pattern Calls for Algorand $1.00 TargetThe 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.
BINANCE:ALGOUSD
by cryptohopper