Algotrading
ETHEREUM (ETH) ALGORITHMIC MANIPULATIONGood morning, Alkalites! Today we are starting with slightly green watchlists. There is not too much to see today, as most of our long term orders have been placed. We are waiting until more tokens from our watchlist become favourable to enter in.
This morning we have seen ETH making a wedge, probably formed by algorithms battle with EMAs. Today's levels are based on algorithmic volume, as low-frequency buyers won't probably place orders near the recent all-time high.
If ETH breaks above them, we could see more growth in the short term. If not, remember this is not a recommendation for you to sell or to place shorts, as we believe this ETH will perform well in the long term.
Stay tuned on updates like these in our FREE CHANNEL in Telegram!
Have a great Tuesday, Alkalites!
$ALGO Continues the Slow & Steady Path to $2*THIS IS NOT FINANCIAL ADVICE*
Besides the fact that ALGO has real uses, and is backed by a solid team, it's ALT season so most things don't matter.
As you can see from my chart (and previous chart) ALGO is on a steady climb to its resistance zone in the $1.60 to $1.80 range.
Afterward, I expect $2 to be the next resistance target but just like when it hit $1, it will surpass this and settle around the low $2 range.
($2 will only be a psychological resistance)
By this time next week, ALGO will reach the top of its accumulation zone and begin retesting its resistance zone.
As you can see in the first zone, ALGO hit resistance 3x before cross it on its 4th.
Overall, I expect ALGO to stick around for a long time and will someday be worth more than $5 💎
Please let me know your thoughts on this theory, or if you have another idea in mind!
LTC is trying to break the previous resistance to achieve $400LTCUSDT on 4H is looking to break the previous resistance level, where it is trading currently. If it is able to do that, it can see a good leg upwards and try to make a new ATH breaking the previous one.
RSI is trying to visit the overbought zone for the third time in 3 days and it looks like, with good volume it will visit this zone and try to achieve $400 which is the next psychological level. MACD line and signal lines are far apart, and could see another leg upwards before the pullback.
On the other hand, if it is unable to break the previous resistance zone, it can visit the immediate support level at $285, and accumulate between $285 and $300 to make a move higher.
Traders can open a long position if it is able to break the current level. Stop loss can be placed at 4% to 6%, which depends upon your risk appetite. Always remember to take profits periodically.
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AUDCAD- Retracement of Liquidity/Supply ZoneTechnical Analysis:
-From the 4 Hour and 1 Hour chart show strong bearish momentum.
-Price has been in a downtrend since 26th April 2021.
-We should wait for a breakout and a retracement of the supply/liquidity zone to look for a short setup.
-According to the algorithm, price could drop down 0.44% for the week and a further 0.60% for the month.
-This is a good indication to enter short on this position.
Fundamental Analysis:
- There are are no high impact news for Monday 3rd May.
- For AUD, there are two major impact news on Tuesday 4th May and I would avoid trading this pair nearing the time of news release.
- For CAD, there are two major impact news on Friday 7th May and I would avoid trading this pair nearing the time of news release.
Sentiment Analysis:
- According to market sentiment, 94% of retail traders are short on this pair.
- Normally I would go against the retail traders as 90% of them lose their capital.
- Asset managers and institutional Investors are all placing short positions for this pair.
Lets see how this trade plans out!
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EUR/CAD - Break of Market Structure What Is The Market Telling Us?
Price has been in major downtrend since 21st April
Break of market structure occured (BMS), pushing price downwards
Price is currently forming a retracement phase before bearish impulse
What are Market Participants Doing?
89% of retail traders are long, meaning instituions are still shorting this pair
Smart money report (banks & institutions) show over a 90% consumption on EUR shorts
20,000 lots on EUR has been added to the short side
CADCHF- Ascending channel Technical Analysis:
-From the 4 Hour and 1 Hour chart show strong bullish momentum.
-Price has been trading in the ascending channel since 27th April.
-We should look for a long entry on the retracement of the liquidity zone
-According to the algorithm I use, price could shoot up to 0.59% and tomorrow with a 0.75% gain to the upside.
-This is a good indication to enter long for this position.
Fundamental Analysis:
- There are are no high impact news for today which will affect the pair.
- However there is a major impact tomorrow on the Cad as they are announcing their GDP Reports at 1:30.
- I would advise to not trade around these times as price will be very volatile.
Sentiment Analysis:
- According to market sentiment, 83% of retail traders are short on this pair.
- Normally I would go against the retail traders as 90% of them lose their capital.
- Asset managers/industrials and Leveraged funds are all placing long positions for this pair.
Lets see how this trade plans out!
Make sure to Follow, like and comment your ideas for this pair!
UNIUSDT 4 HR Education Analysis using MACD and DEMAIn this analysis I am using two DEMA's, one is 9 period and the other is 26 period, in combination with MACD indicator.
Uniswap, after achieving an ATH, is again unstoppable. It is going to test the previous resistance turned support at about $39, and if it holds, is going to see another ATH very soon. On the other hand, if this support breaks, it could visit $30 areas.
As analysed with two DEMA crossovers and MACD confirmation crossovers, this setup is giving good buy and sell signals.
It works like this, when 9 period DEMA crosses over 26 period DEMA and MACD line crosses over signal line, we can go long or BUY the asset and SHORT or SELL when the opposite occurs. We can also take into consideration various other factors like volume and how other markets are moving.
Uniswap has very strong technicals, and could see a good movement upwards achieving new ATH's.
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Happy Trading
ETH is trading inside the parallel channel, but for how long ?ETHUSDT is trading inside the parallel channel, if we look at 4H candles.
It's giving a short term bearish sign, and seems like testing the immediate support at $2450. If it holds this support level, for few candles, it might make another higher high at about $2758, also making a new ATH.
On the other hand, if it fails to hold the immediate support level, it might see a downward move till $2250 - $2270.
If we look at RSI, it is giving mixed signals. Also, if the immediate support level holds with good volume, the RSI might visit the overbought region.
Bollinger Bands are expanding and contracting which shows range trading.
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ALGO - DIP BUYING LONG TERM INVEST. NOW 1 usd!Hello trading friends,
And here again with a discount coin of 1 USD! we expecting a long-term 2.50 possible target.
hold for a spot.
Discipline is the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly * this is not an advice
FOLLOW AND LIKE FOR MORE CHARTS.
---> Have a great day😃
** GBPAUD ** nice trades for GBPAUD this week 19th to 23rd ApriHi all, hope you've all had a good weeks trading, really happy with this weeks trades, have a good weekend everyone.
Evening all, gold trade currently open,
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
** GBPCAD ** trade currently in DD, lets see how plays out.Evening all, its been a busy week of forward testing the strategy.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
** GBPUSD ** GU waiting to decide which direction its heading.Morning all, update on last trades for EJ
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
ETHUSDT has broken local Support! Short Term BearishThis is a 4HR analysis for ETHUSDT on Binance exchange.
After making an ATH, Ethereum is experiencing selling pressure. It has already broken the local support at $2100, and the bullish bias looks to be on hold for now. If there are more sellers, with a good amount of volume, it might see a downward momentum and a chance for it till $1800's level. On the other hand, if it flips unexpectedly to the other side, it might accumulate and see an uptrend.
RSI, is hovering around 40, if more sellers start shorting it might reach the oversold territory.
To take a short position, one could look for the next few 4hr candle closes, and if more red candles, one could take a short position with an SL nearly at 5% to 6%. If it sees a downward movement, it might revisit $1700 to $1800 region.
Do let us know what do you think ?
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DYOR & HAPPY TRADING
$ALGO correction coming to an END.We wicked down and tapped the trend and 0.786 fib perfectly this morning and it may signify the end of the correction for ALGO and all of crypto really.
I think we may get another tab of the trend line & 0.786 fib, forming a double bottom on the lower time frames before a slingshot back up.
Should we break the trend line and close below, we have support at the grey box & the $1.00 psychological level.
ALWAYS ADAPT & CONSIDER ALL POSSIBILITIES.
Trading Idea: SANOFITarget Order: 85.54 EUR
Stop Order: 83.37 EUR
1.) H1 chart. still intact uptrend!
2.) H1 chart: resistance level ahead 85.54 EUR! Test expected!
Paper Account up from 100k to 410k in 8 monthsMultiple strategies and algorithms have been working excellently for TradingView's Paper Account feature and I'm up 300 paper grand.
$$$ If only it was real money! $$$
I automated a few of the algorithms with some PHDs and gave them to a third world country and used some of the profits to feed starving Ugandan children who live on $1 day, the world's lowest poverty zone.
Tradingview, please create a brokerage/exchange that is JUST LIKE your paper exchange.
YOURS IS THE MASTER. WE WILL ACCEPT NONE OTHER THAN THE BEST!
ALGO NFT CAN GET UNEXPECTED WHALE INCREASE NEXT TIME TO TargetHello trading friends,
ALGO on good way to increase to target, and its possible that we will get an unexpected breakout on the trend.
With this view we will show that we expect ALGO to 2.50 +
Have great trades, and trade safe!
ALGO WILL MOON TO TARGET 2.50 SINCE NFT AND MORE - THE GOLDEN TAHello trading friends,
We expecting that ALGO will become the gold coin for next time, after the news of NFT, and whale interest. we bought the dip, we expect a huge increase on way. we did this before with more coins, and now its time for ALGO. its now the dip-buying.
Time will learn why we expect this target, and we did say it before with more coins.
Discipline is the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly * this is not an advice
---> Have a great day
THE NFT KING ALGO WILL SHOW GREAT INCREASE TREND - MAX 5 days Hello trading friends,
We expecting that Algo will breakout from now in max 5 days, its also possible today, we take the max data. depending on ETN study.
All times when we had done it before also with SKL, doge,bch,eos, the most did saw that its not possible now - but after some times, all us targets did hit exactly the target.
And now the same story with ALGO.. it looks below 2 usd, did already increase for the most - but we still see a huge increase on this coin since the NFT news and other updates that are coming.
With this update, we will add that we expect into max 5 days our target will be hit!
Check our before expecting:
BCH
DOge
Xrp
EOS
SKL and more targets that we did not add here that already hit.
AND NOW ITS TIME FOR ALGO 2.50+ usd
Discipline is the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly * this is not an advice
---> Have a great day
