ALGOBTC
LONG - ALGO - Trading OpportunityAfter a kumo breakout from the 4h cloud, BINANCE:ALGOBTC has managed to break every boundary stopping it, now resting above the MA200, looking great for a retest of greater highs. Also looking pretty great in the FTX:ALGOPERP pair, ready for a breakout of what seems to be an ascending triangle.
Entry: 0.00002371
Target 1: 0.000002634
Target 2: 0.00002802
SL: 0.00002279
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ALGO/BTC still 200% Potential for meALGO/BTC Chart Analysis:
as I told you if we hold this Support I will buy more.
But unfortunately it was dumped bellow support level so I was exited from this trade but now again I am entering this trade.
I am looking bullish on ALGO/BTC.
I am trying to buy between 2100-2200 Satoshi. because 2000 satoshi is very strong Support.
and one more thing for Bullish.
in daily candle Bullish engulfing working so buy at this level.
entry: 2100-2200 Satoshi
Targets: 2950/3330/4200/5159 Satoshi
Stop Loss: 1980 satoshi
Support: 2100 Satoshi
Resistance: 2950/3330/4200/5159 Satoshi
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ALGO/BTC New Update with 129% Potential Targets#ALGOBTC TA Update:
Current Price of ALGO/BTC is 2300 Satoshi.
And last update I told you to buy at Support and I bought at perfect entry at support.
#ALGO Finally I bought at strong Support and waiting for Bounce from here.
I think this is very good Entry.
best Entry according to me 2200-2300 Satoshi.
Stop loss: if any candle close bellow 2100 Satoshi then I will exit with minor loss for safe side.
This is very strong Potential coin for me.
its can give huge profit in mid term.
S: 2250 Sat
R: 2913/3360/5159 Sat
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ALGO/BTC Bearish Technical Analysis HTF#ALGOBTC TA Update:
Current Price of ALGO/ BTC is 2050 Satoshi.
And last update I told you to buy at Support and I bought at perfect entry at support.
But unfortunately Support Level Broke down and Now ALGO/BTC is bearish Mode.
My Entry 2100-2250 Satoshi.
Stop loss:i told you if any candle close bellow 2100 Satoshi then I will exit with minor loss for safe side so My Stop Loss triggered.
but Again if any Candle close above 2150-2200 mean any candle close above our Green box then we can enter again with 1980 Stop loss.
R: 2913/3360/5159 Sat
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Possibility of a breakout looming :>Now amidst all the uncertainty and fear with the upcoming halving, I leave the possibility of anything happening open, and advise that you be careful and always use proper risk management when trading!
If using a sound risk management strategy, I think that certain alts (particularly the most promising ones - like algo) are looking favorable. This coin has bled a lot within the last few days, and the remaining supports are a lot stronger than the resistances. In fact, I don't foresee much difficulty breaking the resistance levels. What I think is the greatest factor to if we will see a breakout / trend-reversal is if enough momentum can be found to ignite it. I think the possibility of such seems to be favorable now, and offers a high reward to risk to ratio with a tight stop-losses at the close (but strong) resistance levels. We saw Bitcoin break-out yesterday, and sometimes alts actually stall for about a day before following Bitcoin's trend (this would be the optimal scenario, but the power of ALGO itself being a promising and desirable alt should also be considered). I'm long, let's see what happens!
ALGO/BTC Bullish TA Update for Good profit#ALGO/BTC TA Update:
#ALGO now at strong support we can expect bounce back form here.
if we lose this support then Bearish for Mid term.
I am buying some with tight Stop Loss.
if any candle close bellow 2200 satoshi then I will close this trade.
But ic an expect we can see bounce from here.
S: 2250 Sat
R: 2913/3360/4011 Sat
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#ALGOBTC.. IF IT IS NOT NOW, WHEN? I think there is no need to say much for #ALGOBTC, ALGO should act against Bitcoin soon..
Although there is no signal about returning from the bottom up yet, I think Bitcoin will bind to bed for a while and there may be opportunities in some altcoins, we will wait and see .. You can find important levels in the chart ..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
ALGOUSD: Rejected at resistanceAlgorand was rejected at resistance, shorted it with low leverage and with a wide stop (because of wicks).
My target is around 0.1741 BTC; If we closes daily above 0.2050 BTC I'll flip long targeting 0.25 BTC mid-term.
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Information is just for educational purposes, never financial advice. Always do your own research.
ALGO/BTC (Double Bottom?: up to 60% profit)ALGO/BTC
If ALGO will repeat the history to form a bottom at the same area of support, we could see a potential rally up to 4000 sats region.
The RSI is also painting a bullish divergence that perfectly coincides with the current price level and area of confluence.
This is a good setup to play a Long position and have your stop-loss placed under 2250 sats.