ALGO, MY PREDICTED SCENARIO...Hello, my friends...
This content is just a prediction about the Algorand possible action. The entry point is shown on the chart *but after the retest.
Good luck >_-
Algorand
ALGOUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
Algo Update - ABCDE Algo is looking pretty good. I think we have one more drop to the 1.60-1.65 area before we head up towards 2.20. This is just a potential play that I am currently keeping my eye on.
Thanks for viewing my post!
ALGO/USDT : Breaking out the trendline ! BINANCE:ALGOUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
#ALGO is breaking above the bearish trendline here.
📚 There are some of the bullish factors for it :
- There's a S/R line which has been broken and it has so much impact on #ALGO's master candle after a retest on it.
- Breaking above the current trendline will lead the pair to the recent high which is also.
- This the 5th attempt to breakout and based on 5th rule, Bulls have the opportunity to hold above the trendline.
- EMA200 is supporting the movement and also it's standing to the support zone on current chart's time-frame.
- MACD had a bullish crossover and now it's breaking above the neutral line; Also there's a buy pressure located on MACD.
- RSI is standing at 62 currently which is suggesting the bulls upper hand on current level.
- #ALGO is breaking above the MA200 currently
📌 You can take a ride after a hold above the mentioned resistance zone.
🔴 Any close below the support zone will invalidate the bullish bias.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Potential Nice Trade Set UpIf algo breaks out of the triangle to the downside we could see a strong bounce off support. 1.65 is a pretty good entry and target would be 2.15. All dependent on Btc.
ALGOUSDT 4hALGO currency is in a one-hour time frame, which can also break upwards. There is also an RD + in the RSI, which could be a signal for the currency to grow. The targets of this currency are 2.02 and 2.23, respectively.
Algo Geo is primo! Chart By CyptoKnee Quickie! Elliott Wave could be a couple things, but mostly corrective MO ATM, just one idea on there now. Somethings need to be invalidated and a break of the range would assist in getting a better Idea. But the GEO has been playing great! Going to be watching these with alarms set to see which way it decides.
Bearish Divergence Weekly Time FrameAlgo formed bearish divergence on the weekly chart could see a drop back down to the support of this channel before heading up to try all time high. Still long term bullish on Algo just think we could see a drop sometime soon.
OPUL and Fibonacci ExtensionsOpul is a music and creator focused token. I am bullish long term on the project overall due to being on the Algorand network, the connection with Yieldly, and that artists will always find the best ways to earn more!
Here are the fib extensions from highest high and lowest low as a framework for viewing larger zones.
Their website describes the project as - "Using our NFT Exchange anyone can own a piece of their favourite artist’s music copyright and buy valuable assets previously only available to industry insiders. Musicians can raise money by freely selling their music copyright as NFTs, while fans can support and form closer connections to their idols by purchasing a real stake in their career.
$ALGO buy set-upsBetween the two scenarios, A & B, I think scenario A is more likely so I'm looking for a breakout above this downtrend line.
Scenario A looks likely because of an MACD cross, strong bounce off the lower bound of the channel, showing strength. Looks like it is about to test RSI at 50.
With ETH fees going through the roof and ALGO being put to the test with more and more transactions per second while maintaining fees below $.01 I think ALGO will flip ETH eventually unless ETH fixes the gas fee problem or ALGO can't maintain its low fees while scaling.
If scenario B happens, I will be looking to buy more once it bounces off the lower bound of the channel.
Long ALGO. Strong support at 1.5538
4% for staking your Algorand on Coinbase. Nice to own an appreciating asset that also has interest.
ALGOUSD LONGALGO is an interesting asset to trade on. It has broken many resistance and seen sharp uptrends in recent times. In my chart, I have a forecast showing how ALGORAND will break the 2.1997 resistance in it's next bull.
Algorand (Sideways Trading)Algorand has been stuck in a sideways trading pattern for the past few days. Seeing a small breakout to the upside (and downside) on occasion, but never breaking below $1.54 (floor/support zone) and never going above $2.09 ($1.86-$2.00 resistance/ceiling.)
Algorand's Community Governance registration period end this Thursday (10-14-2021.) At the time of writing this Algo has:
57,067 Governors, with 751,415,874.696 Algo's committed to be locked up for the 3-month required timeframe.
The Pink rectangle on the R.S.I Chart is a high level of resistance for Algorand, and is sure to be either rejected at this level, or breakout from this level.
A rounding top formed (seen as the over head arching red line.) However, an even bigger rounding bottom can be seen (the arching blue line).
The overall Crypto market has seen the bull market continue, with wide speculation of an extended Bull Market (possibly till January of 2022 and/or beyond.)
Price target around $2.75 to $3.00 per Algo by October 28th through October 31st. With a possible delay till mid November.
related Algorand published ideas linked below:
ALGO USDT analysisHello Trader,
Please look at the video.
ALGO is on down trend and as per this analysis this will be continued to lower price as of the current date and time of publishing this idea.
RSI is low at 27, current price is ~1.63
1- First target is 1.56
2- The second is 1.49
3- Very ow possible third target is 1.21
--- Some advices
This is not a financial advice
Open trade at your own risk
Never invest beyond 10% of your portfolio
Never ever forget to have the stop-loss(1/2.5 R/R and more is better)
ONT - They want to break out, but they are calmAfter a nice rise around 23%, we are waiting for confirmation of another upward move. We already know that ONT will have a move similar to Algorand by which we are confident that HODL will be a good exit.
Algorand ($ALGO) New FIBAlgorand ($ALGO) New FIB: BEARS rule the day and profit takers lock in their gains (or panic sellers selling for a loss). RSI is losing strength and MACD is BEAR-ish
ALGORANDO for a BILBOFor all you stakers out there, Rib Eye or Sirloin? Option A or B? - algorand.foundation
Leading up to the voting period for Governance, we could see a breakout from the 200 EMA.
The trendline is strong and everytime it retests we see a bounce upwards, paired with the fact we are consolidating.
Many buy the dip opportunities or to DCA at $1.50-$1.7
Also looks like we'll get rewards in the sub 2B mark.
Good luck fellow ALGONAUTS and bagginses.
(Disclaimer - not financial advice, just rational research into one of the most underrated projects)
ALGOSitting pretty on 200d MA
However, one thing that I dont like is RSI levels are lower than Oct 6th dip at the same levels. Buying with a very tight stop loss.
Algorand (ALGO) - October 10Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(ALGOUSD 1W Chart) - Medium to Long-Term Perspective
Above 0.76754798 point: uptrend expected to continue
(1D chart)
First resistance section: 2.11836146-2.25112275
Second resistance section: near 2.51664536
First support section: near point 1.72007755
Second support section: 1.18903235-1.32179365
If the price is maintained in the range of 1.72007755-2.11836146, the uptrend is expected to continue.
However, it is recommended to maintain the price beyond the psychological support and resistance zone formed in the 1.90329264-1.97455023 zone.
The first resistance section is an important section that determines the trend.
So, if it rises to the first resistance zone, you need to check whether the price holds.
If you fall from the first support, you can touch the second support, so you need a short stop loss.
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(ALGOBTC 1W Chart) - Mid/long-term perspective
Bottom sideways section: 1970 Satoshi-4309 Satoshi section
6469 Satoshi point or higher: Expected to create a new wave.
(1D chart)
First resistance section: near the 4309 Satoshi point
Second resistance section: near the 6469 Satoshi point
Support section: 2452 Satoshi-2886 Satoshi section
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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 MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** 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.)
** 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.
(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.)
ALGO might be into a triangleThis shaping up might be a triangle! I cannot be sure yet considering that it's just beginning to shape and also because, it'd have a very tighten form compared with the prior one, however it might be. If I'm right this pattern will take until the end of november to form completely. Off course, in most cases, price don't fill the patterns completely so, a prossible breakout will occur before the end. Let's say that around 20th of November the breakout can happen.
However I expect a change in shape, probably an extension because this just look too short. If the chart will mimic prior one then price will take a dip to surge in 2022 (Jan to Feb). If ALGO will be positively influenced by altcoin season bullish wave I think a 40-50% increase is to be expected.
At the moment I don't feel like saying more because chart isn't showing too much. At least not much interesting. Anyway at daily and at 4h EMA 200 is under the price which is a good sign!
ONT - simmilar situation like algorandA broad look at this arrangement, which I'll touch on roughly soon in a profile. Stay tuned for an update
Algorand (Bullish Scenario to $3.00)A possible "Big W" Pattern (pink circles) may be forming, indicating a continued Bullish scenario. Algo is breaking out a a large bull flag pattern, (large orange triangle, partially seen here) with a price target of $2.75-$3.00, and is generally using measured moves up to do this.
A breakout from the large W Pattern with a 46% increase would point to a Price Target of $2.86 ($2.57 starting from the lowest point in the W pattern).
Algorand would need to stay above $1.90-$1.93 (generally) in order for the breakout to occur. If Algo dips below $1.77-$1.74 this could indicated additional sideways trading for several days/weeks.
Additional Trading Journal notes: Registration for Algorand's new Community Governance ends 10-14-2021. Sideways trading could be seen until this date, after which the price of Algo is sure to go up (due to the number of tokens locked up causing the price and value of Algorand to rise.)
related Algorand published ideas posted below:
Reiterating Bullish Call on Algo (Algorand)Crypto space is starting to go bonkers and with this happening, it's wise to choose the strongest one
In my opinion, it's ALGO or Algorand.
Been watching this crypto for almost a month now and here's what I like about it:
*ALGO corrected and stabilized on the 50 Day MA while ETH and BTC on the 100 DAY MA, a sign of relative strength
*MACD Cross up, MACD +
*Area Pattern: Falling Wedge, a Bullish one
*Histogram soon to be on the positive side - a sign that downward momentum is about to reverse direction
*Area Pattern breakout retest, now acting as support ($1.80 level)
*Volume Contraction Pattern
With all this plus the bullish environment, it's tough to say no to ALGO. Let's go!
For my entry strategy, check link below
Good luck!
