Get started

Algotrading

Bullish pennant on 4HR. Is it going for another ATH ?This analysis is for BNBUSDT on 4H timeframe. I am using below setup for this analysis Indicator used : MFI (Money Flow Index) which is more like a volume RSI and tells us if an asset is in overbought or oversold zone. If MFI is above 80, it shows it's in the overbought zone. If below 20, it's oversold. This is the basic setup, though can be changed as per needs. I am also using EMA's 20, 50, 100 and 200 to check the crossover, which generally shows us a bullish sign if ema's crossover each other, and bearish signs if ema's crossunder each other. In this case, all ema's are currently crossed over which shows upward price action, however every price action is also dependant on various other factors such as volume, overall market conditions etc etc. In this analysis, I have spotted a Bullish Pennant. A bullish pennant indicates the continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines. If the price action is able to break this pennant towards the upside, BNB might see another ATH. However, if the pennant is not broken and the asset sees a price decrease, any long positions should be closed and wait for a confirmation in either directions. MFI has been rejected from the overbought zone thrice, however if the pennant is broken upwards, it's going to get in the overbought zone once again and try to achieve a new ATH. Happy Trading For more trading ideas follow us.
by Tuned_Official
4
TSLA Algorithm looking to go long!TSLA algorithm went long on March 31st on the 30 min timeframe around the 613 level and ran up to 668! We were able to catch this wave and made a good profit. We are looking to build position once TSLA Algorithm signals long on the daily timeframe which could have huge move to the upside going into earnings! The plan is to wait until the TSLA algorithm enters into a long position on the daily timeframe with TTM Squeeze setting up. RSI is also reversing back into the 50 level which is a good sign along with the MACD signaling a bullish reversal. This can be a big potential move for TSLA and could be our biggest trade for the year yet!
NASDAQ:TSLALong
by TOSOPTION
3
ALGO/USDT : Seems bullish in mid-term overview BINANCE:ALGOUSDT Hello everyone 😃 ALGO is moving above bullish trendline and Indicators are showing positive now. Also Volatility had a bullish breakout and now MACD is bullish... By the way, There's a pressure zone which is located at current level. ALGO had a breakout from EMA 100, so It could be a good support for it.. 📌 There's a possible chance for BTC to do some correction on mid-term ! It's not a good time to hold your positions more than 4 days; We advice to do scalping rather than holding !! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
16
Long on ALGO Analysing $ALGO... We’re following a similar pattern to the last breakout. A typical ABCDE pattern is formulating this time around too and I believe we have reached the final stage. Breakout is around the corner! I’m expecting price to reach $1.45 by the end of the month. I’m estimating around a 13 day period till we reach the new high for the coming bull run which puts us around Mid April (breakout coming end of the month/early April) at a price of around $2.80-3.
KRAKEN:ALGOUSDLong
by abssoni97