NeutralHello guys, it seems that after a good growth, we are pulling back to the broken line, and the closer you buy to these lines, the better the price targets are, and the stop loss is the closing of the daily candle below the price of $ 1.60 in the daily time frame. I love you dear followers. Good luck
Algo
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ALGOUSDT Technical Analysis
⏳ Spot
💎 ALGOUSDT has formed a symmetrical triangle and after the breakout it might go down for a retest and then continues the Bullish move. The Pullback are is at around 1.7070
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 1.7070
☕️ TP1 1.9550
🍺 TP2 2.0650
🍻 TP3 2.2222
🍾 TP4 2.4000
🍷 TP5 2.5555
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 1.5500
Good Luck 🎲
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💡Don't miss the great buy opportunity in ALGOUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7078).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSD 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= @ 1.9526
TP2= @ 2.0650
TP3= @ 2.2250
TP4= @ 2.3999
TP5= @ 2.5568
SL= Break below S2
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💡Don't miss the great buy opportunity in ALGOUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7078).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSD 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 65.
Take Profits:
TP1= @ 1.9526
TP2= @ 2.0650
TP3= @ 2.2250
TP4= @ 2.3999
TP5= @ 2.5568
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 ❤️
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price has been able to break the resistance line and start moving upwards.
We have drawn a support line for you that can support the price. At the moment, the price can move towards its resistance and if it breaks and stabilizes above it, then it can move towards the next resistance.
It is possible that when it reaches the resistance line, falls to the support line and then moves upwards.
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
The Sad Reality- So this post is not a Cosmos analyse.
- i just wanna teach peoples and help peoples.
- So u want to know if your altcoin is a good invest or a shitcoin before the end of this bullrun ????, i will show you how to detect it.
- Take any of your coin and draw a Line from May 8 ( Last BTC Dip) to Now and check this Line. You will see very fast if your own coin is in Bullish or Bearish Mode.
Have many reasons for a coin to be in Depression ( Fails, Hacks, Delays, Slow Exit Scams, Evacuate coins on Peoples, etc.. ), that said, some teams know what they do, and they will Pump their coin at the good time ^^.
- The Big question u have to ask to yourself is : " Why i wait for moon on my coin..... While am waiting for the Moon, some others coins are Mooning Already !"
- So as first exemple i took COSMOS ATOM and as you can see, it's BULLISH.
- i will add some populars Coins/Tokens in next comments to show you some results with a simple trendline !
this post is not an investment advice for any altcoins!, it's just the reality.
Happy Tr4Ding !
ALGO next move could be a big oneI have been following ALGO closely, its shown very positive signs and next move could be big. Last trade I set a modest price target just below global trend which it reached. Now it is pushing up on global trend which will also be a likely bullflag breakout. Which should attract a lot of attention
Look for break and retest above global trend and previous daily support around 1.85
If it pulls back from here look for a reset in the 1.75-1.65 range then watch for a break up of global trend.
Possible to open a higher risk trade on the reset with a stop loss of 2 ATR. Look for buy setups on lower time frames
Check my previous post for more details, make a plan and follow it!
As always, keep an eye on the health of BTC
ALGO Bullish 📈Algorand is currently in this Chuvashov downward fork. This is a bullish pattern and we should see a break of the top resistance soon.
I'm looking for an entry on break or a very (very) small entry here and to scale it on the break.
This could send ALGO back to the $2+ area.
Watch this!
ALGO (Algorand) getting closer to a bullish breakout?Crypto market is once again on the rise.
ALGO stands out the most to me given the following indicators:
MACD cross up
MACD +
MACD histogram transition to the positive side
Volume Contraction Pattern
50 Day MA as support
Together with the improving sentiment in the space, I'm liking the prospects of ALGO
Good luck!
Algorand (heading to $2.00)Algorand's Community Governance is open, and enrollment closes mid-month.
Algo is currently seeing a breakout from a larger Bull Flag, followed by this small Descending Triangle (seen within the red lines). Assuming this pattern might be part of a larger move, this could be a measured move up with a price target of $2.00.
This move might be seen as the copied bars pattern from the previous swing up. (seen as the purple bars).
Support/Floor at $1.50 with resistance at $2.00.
related published Algorand ideas linked below.
ALGO on the way to new ATHALGO digital currency is in a good uptrend which can make a +50% profit!
Due to the break of the mid-term downtrend line that it has been dealing with since early September, in yesterday's rally, it was able to break it up and complete its pull-back on it.
You can now buy with a medium-term vision to reach a new price ATH. In 1st Step TP, you can save some of the profit in the range of $ 2 to $ 2.2, and after passing through the trading zone (Shows in the chart), you can reach the previous ATH in the range of $ 2.4 - $ 2.5.
This digital currency is one of the high potential currencies in the last quarter of 2021.
ALGO 4h retest neckline !In ALGOUSDT 1h
It broke out the wedge and retest the neckline .
It touched 0.382(1.7231) and rebound nest candle.
The level 0.382 became support after it went up .
We can combine 2 candles to a hammer .
I thought it means the confirmation of the support.
We can setup the plan
TP1:2.0538
TP2:2.1993
TP3:2.2582
TP4:2.5889
SL:1.7110
Algorand (Breakout!)Algorand's Community Governance is now here, started October 1st, 2021; and at the time of writing this it has:
14,750 Governors and 144,590,183.078 Algo Committed to be staked.
Algo is breaking out of a larger bull flag pattern/descending triangle (related published idea listed below).
Now testing a smaller descending triangle (R.S.I Divergence showing Bullish signals).
Price Target $2.75-$3.00.
support/floor at $1.50 with resistance at $2.00.
ALGO builidng volume pressure, trending above resistance Another personal trade I am looking at:
ALGO like many of the alts is looking like it will breakout soon if bitcoin remains green, it was an over-performer with the early Sept' breakout and has been pulling back since. Positive volume pressure has been building despite the persistent pull back. On the 4hr it is facing the resistance of an immediate local trend and a slightly higher global trend (light pink). This may Impede an explosive breakout, but there are many other positive signs building for Algo.
Positive signs:
OBV trending above significant resistance (notice every time it has broken this resistance in has been knocked back down)
Significant OBV Bullish divergence
Slight MACD bullish divergence
MACD range tightening, breakout coming (could be up or down)
Sitting on local demand zone
Negatives:
Double trends to break (global trend channel looks like bullish flag - big positive if broken)
Tightly coupled with bitcoin movements
Entry on confirmation of trend break with strong volume closing above last pivot, or higher risk entry on touch of lower RSI trend. Look for break of upper RSI trend for further confirmation of breakout and possible increase in position size on pullback.
Modest Profit targets marked, I will be taking profits prudently unless bitcoin shows clear signs of strength
Always follow your trading plan, this is mine - far from financial advice :)