So its back in, its back onLets go. Update to earlier algo analysis. Dropped down to support and made a recovery back to the wedge and above support trend line, shit it lookin good
ALGOBTC
ALGOUSDT Technical Analysis
⏳ Spot
💎 ALGOUSDT has been moving in the ranging channel. It has also formed a descending triangle. I expect that the price soon will break above the triangle and continues to go higher.
🏁 Short Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 2.0000
☕️ TP1 2.4000
🍺 TP2 3.4000
🍻 TP3 ______
🍾 TP4 ______
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 1.8000
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
ALGO - Potential Rising Three Methods Candlestick PatternWhat is the Rising Three Methods Pattern?
"Rising three methods" is a bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend.
Read more: www.investopedia.com
As Bitcoin recovers from the previous consolidation rage, I'm convinced that the Rising Three Methods could play out.
Possible Breakout upwardAlgo is very bullish now with possible breakout to $2.20. Algo is forming a huge rising wedge witch could take it to $2.80-$3.00
ALGOI have ALGO breaking up in a minor W5 as a sub wave of the Intermediate W3 heading towards $3.21. We just took a long leverage trade in my group. GL guys. Big Mike loves all of you.
ALGO HAS A SETTING FOR BIG PRICE UPHi all
ALGO
A big base is broken and volume breackout is big, so we are looking for the target
of $3.5, I think it is not difficult to get there.
Happy trading.
Algo turning point8 percent pump from here is possibl e.. target 2.222usdt
it depends if it leaves a wick from here and turns green coming in 4 hour candle that only way of 5 minutes.
support at 1.95usdt
investment carreis high risk, play wisely.
thank you!
algo long + tips to reduce lossall the major details in chart . it can be bull or bear pattern but if it break then it will pumb
follow me , like : )
ALGOBTC Update (rejected from upper bound)ALGOBTC is rejected from the upper bound of the channel. In my opinion it will retry to break it.
See also:
AGLOUSDT - Update (retesting the broken level)It seems that ALGOUSDT is retesting its broken level and I expect it to continue its bullish move.
See also:
Algorand (ALGO) - September 10Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(ALGOUSD 1W Chart)
If the price holds above the 0.50221395-0.76754798 range, we expect the uptrend to continue.
(1D chart)
Support is found at 1.90329264 and is breaking above the 2.11836146-2.25112275 section.
In the 2.25112275-2.51664536 section, you need to maintain your momentum to see if you can continue with further climbs.
If they do, they should check to see if they find support at the 2.11836146-2.25112275 area.
If it falls in the 1.72007755-1.90329264 section, a short-term stop loss is required.
The next volatility period is around September 28th.
-------------------------------------
(ALGOBTC 1W chart)
It is rising in the 1075 Satoshi-4309 Satoshi section, which is a sideways section.
If it rises above the 6469 Satoshi point and maintains the price, it is expected to create a new wave.
(1D chart)
It remains to be seen if the 4309 satoshi-5422 satoshi section can find support and rise above the 6469 satoshi point.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
ALGO is ready for next swing upalgo is looking good for a swing trade,
you can enter after the breakout of previous ATH is confirmed. Best entry would the retest of ATH as a support
Cheers 🥂
ALGOBTC Upward Breakout - UpdateThe breakout is done on ALGOBTC and we expect higher levels in the next weeks.
See also:
ALGOUSDT Is Ready to PumpAfter breakout event in ALGOBTC chart (please see the following link), it seems that ALGOUSDT is preparing to reach targets higher than $4 by the end of the year.
ALGOBTC Upward Breakout (Buy Signal)It seems that ALGOBTC chart is breaking out the triangle pattern from its top edge. If such a breakout gets fixed, it may be considered as BUY or LONG SIGNAL on ALGOBTC chart by the end of the year (please see my ALGOUSDT analysis too)
Algorand is almost ready to flyYesterday is history, tomorrow is a mystery. If this plays out, we can expect to see the start of the long awaited Altcoin Season in September, a first wave peak around October 2nd and a peak of second wave around November 25th.
ALGO: break out imminent !!The break out is imminent (days not weeks).
End of a 2 year long bullish descending wedge. Price is touting the resistance for 2 months now !
Strong positive divergence on the RSI (green line).
Historic Volatility COMPRESSION !! At the same time that volatility is reaching the end of the funnel, price is trying to break out !!
RESOLUTION is IMMINENT !!
Altseason has officially started"September 18 will change everything and be the catalyst Algorand needs. Opulous at the most popular venue in the world announcing to the world “We go with Algorand” and then the huge musical artist. The world will listen. Then governance in October. Then AlgoMint, TinyMan, and AlgoDEX by end of year… maybe xBacked too. Some surprises possibly in between.. and hopefully CBDC. The rest of the year is ripe for gains and growth of the ecosystem"
Michael Jordan in "I believe I can fly" featuring MC Hammer who "can't touch this".
ALGO: getting ready !ALGO has been bouncing around for more than 2 years, trying to find a bottom.
Despite not being at the point of an imminent break out, ALGO is getting ready to launch.
The rising RSI has been forming a bullish divergence for a long time !!
ALGOBTC and its Bullish DivergenciesAs always, simple idea & simple chart, enjoy. Been waiting for this so long, I guess this is the time.
Algorand (ALGO) - august 10Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(ALGOUSD 1W Chart)
If the price is maintained above the 0.5221395-0.76754798 range, it is expected to create a new wave.
(1D chart)
If the price is maintained in the 0.65798713-0.92350974 range, it is expected to turn into an uptrend.
However, in order to continue the uptrend, it must break out of the downtrend line.
If it goes down, you should check to see if it finds support at the 0.52522584-0.65798713 zone.
-------------------------------------
(ALGOBTC 1W chart)
We are walking sideways in the section 1075 Satoshi-6469 Satoshi.
If the price is maintained above the 1970 satoshi-2886 satoshi range, it is expected to turn into an upward trend.
To continue the uptrend, it must rise above the 4309 Satoshi point.
If it rises above the 6469 Satoshi point, it is expected to create a new wave.
(1D chart)
If it finds support at the 1820 satoshi point and moves above the 2147 satoshi point, I would expect it to turn into an uptrend.
If the volume profile section spanning the 2452 Satoshi-2886 Satoshi section is exceeded upward, it is expected to continue the upward trend.
If it falls from the 1820 Satoshi point, it may enter the mid- to long-term investment area, so careful trading is required.
------------------------------------------
We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
