ALGO breaking out on 4hr timeframe?It seems like ALGO has retested the previous supply zone and currently trying to flip it as a support.
Buying ALGO here can be a good move, if it holds here R:R is good.
Algo
ALGO in Daily Fixing the price above the $ 1.326 range could move the price towards the targets on the chart
Targets around :
1 Fibo at $ 1.1326 - 43%
1.618 Fibo at $ 1.4355 - 82%
2.618 Fibo at $ 2.1063 - 167%
3.618 Fibo at $ 3.0906 - 292%
Algorand ALGO Price Targets and Stop LossALGO/USDT short
Entry Range: $0.85 - 0.91
Take Profit 1: $0.81
Take Profit 2: $0.75
Take Profit 3: $0.67
Stop Loss: $0.06
Algorand Short Scenario $ALGO's last two local highs both saw spinning top candles on the daily chart. Each realizing approx 20% retracement that followed the daily candle close over about 1.5 weeks.
Today, ALGO is forming another spinning top. If the trend continues, this gives a short-term price target of $0.67 by end of March.
ALGO strong bottomplease dyor before you trade
you can OP market price now or wait best entry
tp $1
sl $0.6
ALGO IN ZONEIn the bottom of the zone im happy to long from here and hope i don't get stopped out !
Lets go
Algo USDT ShortAlgo USDT 1D Time Frame looks bearish and it shows Hidden Bearish Divergence, It is POSSIBLE to hit the VWAP Line(0.618 Fib Line) or the 200 EMA(0.382 Fib Line) before going down.
#Algo / #Usdt#Algo / #Usdt / #Spot
Buy zone 1 : 0.9312~0.9289
Targets : 0.984 / 1.07 / 1.072 / 1.22 / 1.257 / 1.32
Stop loss : 0.8778
Don’t risk more than 3% of capital
ALGO.Usd (Y22.P1.E1).Go longHi All,
I missed this #ALGO #Algorand breakout and pullback however I will be looking for another opportunity, likely at the 618 fib level as resistance.
The chart says it all.
All the best,
S.SAri
ALGO.Usdt (Y22.P1.E2).Consolidation phase EHi All,
#ALGO
This is a continuation of the previous post (link below).
Based on Wyckoff stages, we are at consolidation phase E before making the big move.
All the best,
S.SAri
PREVIOUS POST, link
==========================
ALGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
As per my last video analysis, we were waiting for the bulls to take over from a medium-term perspective by breaking above the inverse head and shoulders neckline.
ALGO broke above the neckline and traded higher. Now for the bulls to take over from a long-term perspective, we need a daily candle close above the last high in gray and above 1.0 round number.
Meanwhile, until the bulls take over from Daily, the bears can still kick in to form another low.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AUDUSD LONG H4AUDUSD LONG
ENTRY - 0.75126
SL - 0.74525
TP - 0.75696
Confluences:
- Uptrend
- Support Level
- MarketMod Buy Signal
Follow us for more trade ideas :)
ALGO consolidation above monthly open LONGThe start of alt coin season is upon us.
Algo has little resistance above and looking for a smooth leg up here
ALGO - Breakout comingAlgo has been in a corrective sequence for some time. Still possible we are still correcting 5 waves were counted inside the triangle - a good indication that we may see a breakout
ALGO 5x LEVERAGE - LONGAccumulating under .90 on 5x Leverage
Looking for 1.0 Target
ROE = ( 17 x 5 ) 85%+-
Keep an eye out for updates.
Stay nice, this is not financial advice.
- mrnicegvy
ALGORAND (ALGO/USDT) : 0,77 Key Tactical Support to watch ALGORAND (ALGO/USDT) : 0,77 Key Tactical Support to watch (3 to 12 Weeks view)
Many of you asked me to have a look on Algo, so lets go..
Context
The structure of the trading range (2021 - second flat rectangle) is similar at we what we observed on many other L1/L2 Network protocol Token, however the previous wave structure is not totally similar (first ascending rectangle). It is important to notified this details because it help to articulate the two different scenrio around the key Pivot level set at 0,77.
In a correlated scenario to ETH or BTC the equivalent structure to be develop is new abc pattern to complet a Y major cycle. With ana equivalent of 1,57 and 3,50 as graphical level of the last ETH analysis - In terme of % th e potential is 3X more than ETH so it is quiet interesting to watch this coin in term of COIN PICKING.
However and not the less, the bullish element from graphical and indicators are not yet at the same level from what we are seeing on ETH at the moment , the bullish presignal is not yet strong and that why a break above 1,07 is mandatory to jeopardize any new negative price action (test and break of 0,77)
The global picture within a global macro approach is bullish in order to replicate an auto-similar move which could develop a rise to 12 area in log scale in the best case :)
Key Level to Watch on daily chart basis
0,77 Overlap + Key Fibonacci level (auto-similar short-term wave structure)
0,87 perfect entry level in setback (if we see it)
1,07 upside conf level = auto-similar move within a bearish structure
1,57 key first taking profit level = 3800 ETH + Overlap
Key Element to watch
RSI is providing clear pre-signal
EMA 21/34 are support but no golden cross
EMA89 is Resistance
Elliot Wave Structure is showing a potential strong bullish pattern on going (3rd ascending rectangle)
Tactical View 3 to 12 Weeks
As long as 0,77 remains support, accumulating around 0,87 make sense to anticipate a break above 1,07 and play 1,57 on a shorter run before developing a further upside potential towards 3,50 (Almost 300%)
Else A failed below 1,07 could reinforce the bearish scenario confirmed with a break of 0,77
Enjoy my friends
$ALGO, Lowest value since January 2021 $ALGO
Lowest value since January 2021 & sitting on something that could act as a strong support
Still has to show bounce/reversal signals so chilling till something happens
UCTS printed a Sell signal back in October (60% down since it happened)
#ALGO
Don't forget about Algorand! 🪐🪐Greetings,
Today we're looking at ALGO/USD - Algorand is a decentralized blockchain-based network that supports a wide range of applications. Algorand purpose is to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blocks. It's design focus is lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol.
If you have a look at the chart, our Long Term Bottom line is drawn in (orange) around 70c region. If we look at this price on the daily or weekly time frame we can see that 70c was once resistance, which has now become support. I look at this price as being a value buy, for Algo to fall below 70c again there would have to be a large crash across the market, which is always possible!
Current Price:
$0.84
Buy Zone:
#1 - $0.70 - $0.76
#2 - $0.76 - $0.84
Targets:
#1 - $1.38
#2 - $1.61
#3 - $1.82
#4 - $2.1
#5 - $2.53
On the smaller time frames 1-2 Hrs - we may also have an inverse head and shoulders playing out, which is a bullish pattern!
As you can see i've set targets quite high on this one - We won't be trading Algo with any leverage as the market can be volatile in both directions. Cryptocurrency market can be extremely violent, so keep in mind that we're always using our tools and indicators to decide the structure of the market to try and predict the future.
Remember, nothing is guaranteed, control the controllables.
Mogues
$ALGO Confirmed Long Term SupportTechnicals look healthy
- long term support at $0.67 has been confirmed
- RSI crossover followed by 7 week EMA turning up will confirm resumption of long-term uptrend
Fundamentals are far stronger since the start of the correction
- Algorand Governance TVL to be unlocked by AlgoFi and AlgoGard for DeFi
- Flurry of DeFi projects launching launching
- Algorand liquidity incentive reward programs
- AVM-EVM compatibility initiative spear headed by Staci Warden
- bridges coming online to connect to liquidity on other chains - AlgoMint, GlitterFinance, C3Protocol, Applied Blockchain's London Bridge with Ethereum
- Staci Warden as new Algorand Foundation CEO brings her expertise and network with new focus on Algorand branding
- hiring one of the world's leading PR firms to market Algorand
- Algorand Ledger issues are being resolved
- AVM upgrades throughout the year - state proofs, cross contract calls, TPS boosts
- ... and much more, but too much to list all here ... but you get the idea
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the 4-hour time frame. The price has hit the S1 line two times and was supported. We expect the price to move down to S1 and then go up to our first target R1. If the price stabilizes below the S1 line, our scenario would fail and the Stop Loss would be hit. If S1 is lost, the price will have a heavy fall down to S2 which is less likely.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
AglousdtI see in Algousdt a good opportunity as a speculation. I see a positive head and shoulders pattern, as you can see, you can enter when retesting and targets are specified in the chart.
What do you think , let me know in comments.
