ALGOBTC
Sometimes you get poop on your dickAlgo will be alright, just adding comedy since my projection was wrong. This might be the dip to buy, it hit my buy dip target of 1.60 earlier today. It could bleed more so i am watching it throughout today and the beginning of the week here. Everything is red today, so just be patient and DCA when you think its time.
ALGO is a buyI am buying the dip since this morning with only 30% with idea of adding more once bottoming is confirmed.
All eyes on SPY, nothing else matter. If SPY dip is bought, everything else will be bought.
Right now, SPY broke an important trend line so very cautious going forward but also letting my FOMO make some of the decisions.
I do like ALGO here though as long as i get my bottoming confirmation.
Algo is Bullish to the bonesALGO IS SO BULLISH, it's forming not one falling wedge but two wedges (technically bullish patterns) 😀...No matter how you look at it it's bullish, with expectations to reach $2.80 min or $3.00 after the breakouts upwards.
Algorand has been on an uptrend lately and topped charts as the best performer coin multiple times. With the price climbing to heights not seen since early April, showing significant volatility over the last week. As a project algorand is very good and of course you can hold for long term. (better days are coming for sure)!
Good luck 🤞
ALGO , 5th elliott wave about to end , 65% gain ahead.so guys as you see , it's the end of the 5th wave for ALGO , our target is between 3.35 - 3.55.
after that we are gonna have a correction which Imma keep y'all updated .
don't forget the 3 important things , like , comment , follow.
see y'all in the next idea.
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 🎲
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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.
Algorand (ALGO) - September 10Hello?
Welcome, traders.
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Have a nice day.
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(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.
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(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.
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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.
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** 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)
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.