Algousd
ALGOUSD BOUNCE OFF SUPPORT LEVELALGOUSD has just bounced off a KEY support level at the Dynamic SR level of the drawn pitchfork. This correction gives a huge sentiment of a bullish market in crypto tomorrow. This will probably be the last pump of the cycle before the market crashes again. Time your exits well and stay alert.
ALGO - You Decide => We Follow!ALGO is currently stuck inside this green range. NOW WHAT?
Here are the two scenarios where I will be looking for high probability buy setups:
I call them War Zones.
Scenario 1 - Purple : (Lower Zone Retest - 0.900)
I will be waiting for ALGO to retest the lower bound of the range (projection in red) to look for buy setups on lower timeframes.
Scenario 2 - Orange : (Upper Zone Break & Retest - 1.900)
Or if ALGO breaks above the upper bound of the range (projection in blue), then I will be looking for buy setups on its retest.
As per my trading style:
As ALGO approaches one of the circles, (orange or purple) I will be looking for reversal buy setups (like a double bottom pattern, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
What do you think? Which scenario is more likely to happen?
All Strategies Are Good; If Managed Properly!
~Rich
ALGOUSDT | Daily Time Frame | 8 May 2021ALGOUSDT Will pump hard after crossing 1.8$ and this is possible
®Reasons:
✔ Price is above clouds in daily TF (confirmed)
✔ Tenkan-sen crossed Kijun-sen (confirmed)
✔ High volumes is 2 past days (Being noticed)
✔ The opinion of most analysts is Bullish (Optimism)
👍 May be some correction and then go up!
ALGO/USDT can do a great bullish movement!Hi every one
ALGORAND / TETHERUS
has formed a cup and handle pattern which is a bullish pattern so we can be sure after the completion of this pattern and when the break out happens the price will increase as much as the measured price movement ( shown in the picture!) we just have to wait for the break out to happen!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
ALGO/USDT is preparing for a huge pump!Hi every one
ALGORAND / TETHERUS
ALGO/USDT is forming an ascending triangle which means after the breaking of this pattern we can be sure that the price will increase as much as the measured movement!(AB=CD) there is also a Hidden bullish divergence visible on RSI indicator as well ( good bullish signal)
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
$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 $5 💎
Please let me know your thoughts on this theory, or if you have another idea in mind!
Algorand ALGO-USD Ascending Triangle - Bullish ScenarioPossible scenarios I am looking at:
1. BO of Ascending Triangle
2. Consolidation before the next leg up to ATH
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
ALGO really taking off this time?Not an expert. Not financial advice.
Is the entire cryptocurrency market potentially at Base 3 on a parabolic curve?
ALGO upside targetsALGO has been consolidating range bounded between 1$ to 1.8$ for the last 2 months. Expecting big upside movement if consecutive daily candles close above 1.8$.
Based on the cup pattern and fib expansion from the last impulsive wave it could hit somewhere between 3$ to 7$ if BTC remains bullish.
ALGO 4H BUYAlso set some Buy orders near the Trendline
Remember no more than 5% of the deposit in one trade
SL: next sell signal
ALGOBTC Massive Broadening Wedge BottomGo google it, it's so classic and obvious that you can't miss it, Silvio Micali is going to launch it!
ALGOUSD - Breaking above 50D MAForming a mis-shapen cup & handle, two recent big pumps but still trending sideways in a consolidation range. Pretty good entry if you're not in already, looking to re-test recent highs. I like ALGO because of the simple 6% interest w/o lock up, long term this should be banger, adoption presently a bit light but big things expected in the future.
ALGOUSDT : Could Algorand Break Neutral Channel?!if Algo Break This Channel and Surpass Resistance at $1.8, Next Targets are At $2.14 & $2.43....
Some Nice Targets on ALGO 1.25 is strong support and I think it will stay above this level if Bitcoin doesn't dumps. $1 and $0.705 is supports.
Targets :
-$1.43
-Upper line of ascending channel
-$1.78
-$2.17
-$2.34
-$2.92
Not financial advice.
ALGO - wide range tradingAlgo has bounced off the support, which implies the continuation of a major uptrend. But at the same time, 1.80 is a strong resistance area, which must be broken for the uptrend to continue.
Buy AlgorandWho else loves Alrorand?
What a great project with great people behind.
And I love the pure proof of stake!
