Get started

Algorand

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!
by traderview2
2
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.
Long
by moon333
ALGOUSD | ALGOUSDT Short trade on harmonic patternThis is just ALGOUSD short trade taken on Phemex exchange with all Twitter link for personal trading journal but maybe someone will find this helpful. Trade is taken when I saw ALGO reached bearish Gartley harmonic pattern PRZ and possible projected harmonic pattern. After reached confluence of two bearish harmonic (Cypher and Anti Butterfly) I have ready short position with stop loss and targets based on bullish harmonic projection (I use also harmonic patterns for good place to take profit in stages). And always moving Stop on break even or in profit in stages. Rest of full of this trade (I took 3 short and one long what is closed on break even, flipped to short) is on chart with all update I done on my Twitter. Reminder to always give winning trade to run and losing trade cut when you see is going against your idea. Use Stop Loss and take profit in stages. Move Stop Loss according to your trading plan.
by CryptoArch_
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
Long
by FX_Professor
1
ALGOUSD has bottomed. Next High at $4.00.Algorand's price action has been very straightforward since the start of 2020, as it has been trading within a long-term Channel Up. Every Higher High follows a +0.236, +0.786 +1.0 sequence on the Fibonacci scale and every Bottom is made on the second low following the correction and a Triple Bottom on the 1D RSI (green shape). If this pattern continues, then ALGO should currently be on its bottom as it is the second low leg since the correction (could be even the third if we count December 04). That makes it a strong buy opportunity on the current levels. A 1D MA50/MA100 Bullish Cross should come as confirmation of the rally but the accumulation process has already started. Based on the Fibonacci sequence of Higher Highs, the next High should be on the 2.236 Fib extension i.e. somewhere around $4.00. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:ALGOUSDLong
by TradingShot
10
AlgoUsdt Algousdt: Description: It made small breakout but without any confirmation about it. We just got 2 candlestick clsoed above it which is not enought and also there is some diagonal resistance trendline from which one we got rejection and rejected down to retest breakout level. For now i can't say anything with ambitions about algo. If we hold this level next resistance would be around 1.65$ If we got rejection from here next support line would be around 1,383. if lose that level most likely in that case algo will drop down around 1,2 WIth respect your Rhino Aka Bear.
by RhinoAkaBear