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Algo

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
BINANCE:ALGOUSDLong
by TheSignalyst
16
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
Long
by JeanJean1983
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
COINBASE:ALGOUSDLong
by mogues
8
$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
COINBASE:ALGOUSDLong
by OysterPack
3
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
Short
by MarsSignals
4
ALGO/USDT - Potential 123% SetupHello Traders! After finishing the downward movement, the price of ALGO returned to the zone of interest of buyers $0.695 - $0.890. It is possible to consider medium-term purchases in the range of $0.695 - $0.800. Price movement under $0.58 will be a trigger for closing the position. For a short-term trade it is better to wait for a breakdown of the downtrend, the price exit beyond the price level of $1.07 and MA100 on a daily timeframe. Targets will be price levels of $1.46 and $1.79 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:ALGOUSDLong
by UnknownUnicorn10064030
1
💡Don't miss the great buy opportunity in ALGOUSDTTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.7804). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ALGOUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 67. Take Profits: TP1= @ 0.8885 TP2= @ 1.0043 TP3= @ 1.1023 TP4= @ 1.2046 TP5= @ 1.3170 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
7
💡Don't miss the great buy opportunity in ALGOUSDTTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.7804). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ALGOUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 0.8885 TP2= @ 1.0043 TP3= @ 1.1023 TP4= @ 1.2046 TP5= @ 1.3170 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
algo/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice. The bottom is pretty much in. We have the first wave (1) completed and wave (2) is just about done. We should be working on wave (3). If you compare this chart to the previous, the price targets are relatively the same. I've added a new wave (5) target to make this chart more accurate. Wave (1) - 2.5: done Wave (2) - 0.60 : done or one more leg down 0.25 is lowest. Wave (3) - 6.3-6.9 We are living in crazy times at the moment. We have a lot of crazy things going on such as pandemic and war etc so anything goes really. Your best bet is to dollar cost average down and stake. This is not financial advice. Link to previous chart:
COINBASE:ALGOUSD
by AyoKu
2
🆓Algorand (ALGO) Mar-18 #ALGO $ALGO ALGO has just successfully tested the $0.7 zone and reversed with a Pipe pattern. In the near future, ALGO is quite potential when it can completely move to the $1.2 zone, but in the short term, ALGO can bear a resistance at the $1 zone so we need to pay attention to this zone. 📈RED PLAN ♻️Condition : If 1-Day closes ABOVE 0.7$ zone 🔴Buy : 0.7 🔴Sell : 0.85 - 1 - 1.2 📉BLUE PLAN ♻️Condition : If 1-Day closes BELOW 0.7$ zone 🔵Sell : 0.7 🔵Buy : 0.6 - 0.5 ❓Details 🚫Stoploss for Long : 10% 🚫Stoploss for Short : 5% 📈Red Arrow : Main Direction as RED PLAN 📉Blue Arrow : Back-Up Direction as BLUE PLAN 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section
Long
by CryptoStation
Most gains for $SPY happen overnight: a quantitative studyAccording to the New York Times 2018: most gains for $SPY happen overnight. "If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the market open the next day — capturing all of the net after-hour gains — your cumulative price gain would be 571 percent." We thought why not to review this thesis in a bit more detailed way. We set a simple backtest that is not going back to 1993 but to Jan 1, 2010: hold overnight and sell in the morning. The Setup $10,000 to trade daily (nightly actually) Trading only $SPY Buy at 3:59 using a market order Sell at 9:30, 9:31, 9:32, 9:33, 9:34, 9:35 (let's see which one does better) using a market order Do not trade on early close days Algo Parameters Enter Criteria: 1.#No condition - just enter a position 2.True Exit Criteria: 1.#Exit next day, when there is a position 2.$Position.size>0 The Results Strategy: Hold overnight, exit 9:30 Total wins: 1651 Total loses: 1359 Total gain: 79.54% Total gain 2022: -2.59% Strategy: Hold overnight, exit 9:31 Total wins: 1629 Total loses: 1341 Total gain: 80.04% Total gain 2022: -2.88% Strategy: Hold overnight, exit 9:32 Total wins: 1628 Total loses: 1342 Total gain: 88.80% Total gain 2022: -3.31% Strategy: Hold overnight, exit 9:33 Total wins: 1618 Total loses: 1352 Total gain: 94.28% Total gain 2022: -3.96% Strategy: Hold overnight, exit 9:34 Total wins: 1617 Total loses: 1353 Total gain: 94.11% Total gain 2022: -3.63% Strategy: Hold overnight, exit 9:35 Total wins: 1633 Total loses: 1337 Total gain: 90.48% Total gain 2022: -4.36% Disclaimer: This post is for fun and educational purposes only with no attempt to beat buy and hold. Do not use this as trading/investment advice.
AMEX:SPYEducation
by BreakingEquity_official
2