Algo
ALGO at long term support#ALGO/USDT
$ALGO is at long term support zone,
it can rise to resistance of $1.1168 that is around half of the bearish master candle, then drop another time to support zone.
holding support will head it up to resistance zone between $1.4 and $1.6
break down from support zone can drop price to $0.5 and $0.388.
US30 Short has just triggered on the AlgoThe algo has triggered a short on US30. Today was not a great day for US30 on the algo but the losing streak has to end sometime! The setup is a 2.3RR trade so let's see how this plays out!
Possible trend reversal incoming on OPULOPUL has been on a constant downtrend since 17 of November, it is now approaching strong support around the $0.66c level, we may see a drop to around the the $0.50c level but I believe that will be short lived.
Some of the early investors vested tokens were released last week, and this will continue bi monthly for another 18 months, most have probably sold by now, next vested token release will be around March the 24th, so I will be bullish on OPUL until then.
My advise, Buy 50% now, and wait, if it drops to $0.50c buy 50%
This is NOT financial advise, just my opinion
ALGO, pay attention to this key level!On the ALGO chart you can highlight the key level of $1. Now this level acts as resistance. The price has already tested this level several times, with each test the level is weakening. Therefore, in case of squeezing and breakout, there could be a good opportunity for buying.
But the whole market is in a downtrend right now, and many breakouts end up with a false breakout. Therefore, in case of a false breakout there might be a good opportunity to sell.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has lost its support which is now the resistance. It can make a pullback to the R1 line and then continue going down to S1. But if it breaks the R1, it will continue its bullish trend.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
XRP, MKR, ALGO,THETA: Curved Tops Suggest Incoming CapitulationHi All!
As highlighted in my last analysis, BTC has two choices to make regarding the 100W MA and 200W MA. This choice will likely propel that market in that direction.
Shown here are 4 altcoins that have formed a bearish "pattern" - curved top of the downtrend, similar to a parabolic uptrend, but just pointed this opposite way.
There are many examples of this curved top ending in some strong bearish move to the downside with an example being here:
Each of these coins have also broken their 400+ day trend lines in a bearish way.
Each chart has two support lines that show the high demand & deep liquidity zones.
Not everything in the market looks this way, but these coins may suggest of whats to come for the rest.
To void these curved cliffs, price must break over and hold for some days.
As always, this is my opinion & NOT financial advice!
Thanks for reading,
Please comment and like!
Algorand (ALGO) formed harmonic bullish Shark for upto 276% moveHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO).
During the previous crash of May 2021, Algo formed the bullish harmonic Gartley pattern and we had a nice trade which I shared with you as below:
Now during the current crash, again on the weekly time frame, chart, ALGO has formed bullish harmonic Shark pattern for a big bullish reversal move. Right now after completing the final leg, it is moved slightly up, therefore, we can wait for the candlesticks to re-enter the buying zone.
ALGO (ALGORAND) - ENTERING LONGALGO could break above the accumulation zone and extend beyond the 1.6 rejection
Entering here (1.30-1.35 zone) on 5x leverage
ROE = 150%+
Liquidation is below 1.1 and will add around there if I need to lower it. Upside here is huge imo.
Stay nice, this is not financial advice.
- mrnicegvy
Like and Follow to watch this unfold
ALGO - Urgent Update w LevelsBad News:
Bitcoin tumbled in an extended selloff for cryptocurrencies, falling past $39,000 to its lowest level in more than five months.
The largest token sank 5.6% on Friday, marking a three-day downturn. Other cryptocurrencies were similarly in the red as investors offloaded risky bets in a volatile week for global markets. Ether fell below $3,000, losing as much as 8.8%, while Solana, Cardano and Binance Coin also slumped.
Here is our chart with updated levels. Remember to keep your cool and deal with every situation in the best way.
One Love,
the FXPROFESSOR