Algotrading
#ALGOUSDT #ALGOCOIN Trade setup: Appears on a verge of breaking out from a Sideways Channel ($0.25-$0.35), but needs to be confirmed by breaking above 200-day moving average as well. If confirmed, price could rally up to $0.50 resistance. (set a price alert).
Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.35, which it broke, then $0.50 and $0.70.
SOLUSDT - 'SMS' Stragegy opened longChecked my trend-catching strategy and it's surprisingly doing really well. Good profit factor, EV+ and number of trades (for a trend strategy). Ofc it can be improved, drawdown doesn't look exciting and some trades can be closed better it seems (on the other hand it can broke the algo). BUT if to check trades, there're enough decent catches (for example, highlighted short on the chart). And for a long period of time (2020 - 2022, for example, it's still good)
Will see if it be able to catch the next big move. In the long position atm.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
GBP/USD Probability for 13/10/22 15min TFI mention that till Fri we can expect consolidation and I think that is what is going to happen today.
I'll watch out for CPI news at 8.30 NY time. I think that due to the increase in interest rate last month, inflation will start to decrease which means $$$ will get stronger and other currencies weaker. I'll expect sharp move to downside at 8.30 first and price will slowly go up after that with another 0.30% to 0.50% to take home.
Let's see if that plays out.
Another potential $ALGO short play...BINANCE:ALGOUSDTPERP - Has bounced at support -
moving up towards heavy resistance (blue zone) which given rapidly declining OI and Binance crowd aping into linear "line-break" from recent high -
Not a continuation traded - aim for reversion
SL would be at prior high or narrative switch.
Otherwise. Goblin time.
ALGO - Buying SignalBYBIT:ALGOUSDT
4H time frame
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ALGO is in a descending channel, and it started to form this channel since increased by 41%.
The price stops making lower lows and hit Fib 0.382 smoothly for support confirmation.
We can long it at 0.34 and add more position at 0.335(Fib retracement level_0.382)
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Entry: 0.34
Add: 0.335
TP: 0.3565, 0.3735
SL: 0.33
USDCAD I've entered a short 🔻USDCAD short trade has alerted.
Reversal trade identified and entered.
Working the 30M timeframe.
Trade details can be found on the chart in the red label.
Trade box is tracking the trade.
Has USD strength ran out of steam on this pair?
Who knows be it a change in the trend or a slight retrace I have a 77 pip target for my TP to be met.
We'll see where it ends up.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
EURUSD long has alerted 📳EURUSD long trade has alerted this morning.
Reversal trade identified and entered.
Working the 15M timeframe.
Trade details can be found on the chart in the green label.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
EURAUD long set up in progress 💶🦘EURAUD long trade has alerted this morning.
Trend trade identified and entered.
Working H1 timeframe on this strategy.
Trade details can be found on the chart in printed label.
Working to TP targets on the printed label.
Trade box is tracking the trade.
This 1:2 RR trade needs to find 121 pips for desired TP target.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
Reaching the first target in ALGO/USDT ✌😏Hello 😀
In the daily analysis of this cryptocurrency, which we mentioned in the post, after this cryptocurrency was supported in the support area of $0.28, the price was able to break its dynamic trend line (Dynamic Trend) upwards, which is followed by a pullback. It was able to reach its first target of $0.345.
If the price is still above its dynamic trend line, it has the ability to target $0.36 and $0.38 (resistance zone).
Also, with the loss of the all-important support area of $0.27, the price is expected to react to the $0.25 and $0.22 levels.
Arztoday Team 🌈
Analyzer✍: AR.Rashidi
The Whole PictureHere's everything I've considered on the technical side ahead of what should be a massive week in the market.
Last friday I got in short, but I exited and took close to 35 pips profit ahead of the new week because my gut tells me we haven't seen the highest high
I'm going to wait and find out whether that's true or not, and trade accordingly
Horizon my automated strategy is actually still in long, holding well over a 100 pip position at the moment.
The game plan for me is to wait until that position closes to go short for good
I'm really excited for the rest of this month.
It's money time!
Enjoy your day!
ALGO/USDT Analyst Daily 😮Hello to the respected members of Trading View🥱
ALGO daily time frame cryptocurrency analysis (logarithmic chart)
In the daily time frame, we see the candle closing above the red trend line, and the price has also reacted to its static support area of $0.31.
If the price stabilizes above the support area of $0.31, it will have the ability to realize the targets of $0.345, $0.36 and the resistance area of $0.38 (mid-term).
Otherwise, with the loss of the static support area of $0.31, we expect the price to hit the red trend line and also react to the green area of $0.27 daily.
Arztoday Team 🌹