✳️Algorand/USDT (10/12) View + Trading Plan #ALGO $ALGOTrading with ALGO at this moment is quite risky because we can't be sure of the next trend of ALGO. But I think ALGO will bounce back and conquer the 0.32-0.335$ zone to resume the uptrend. But if ALGO continues to decline, it will drop to the 0.26$ zone and possibly fall to the 0.22$ zone
📈BUY
-Buy: 0.32-0.0335$ if A. SL if B
📉SELL
-Sell: 0.4-0.42$ if B. SL if A
-Sell: 0.475-0.5$ if B. SL if A
-Sell: 0.57-0.6$ if B. SL if A
♻️BACK-UP
-Buy: 0.26-0.275$ if A. SL if B
-Sell: 0.26-0.275$ if B. SL if A
-Buy: 0.22-0.23$ if A. SL if B
-Sell: 0.22-0.23$ if B. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Algousd
ALGO a setup to hit $5 Hi friends hope you are well, and welcome to the new update on Algo coin.
Breakout from wedge pattern:
On the daily chart, the priceline of Algorand coin started the formation of wedge pattern in the 1st week of Nov 2020 and now finally, it has broken out the resistance of this wedge.
Reached at $0.50 resistance:
While breaking out the wedge’s resistance the price action has also broken out the $0.40 price level resistance and now reached the next resistance at $0.50. If the $0.50 resistance will be broken out then the next resistance would be at $0.70 and then a final and key level resistance is at $0.90. On the long-term weekly chart, it can be seen that after $0.90 resistance there is no significant resistance between $0.90 to the highest price level that is $3.44 as per the Binance exchange.
An up-channel formation:
On the long-term weekly chart, it can be seen that the priceline of Algo coin has formed an up channel and moving between the support and resistance of this channel very well. While moving between the support and resistance of this channel the price action of Algorand is also making higher highs. Therefore if this time it will go for another higher high then it can be above $0.80. The exponential moving averages with the time period of 10 and 21 have also formed a bull cross beneath the candlesticks and now lifting the priceline up. And this cross is just formed therefore a more powerful rally is expected.
Conclusion:
In the near future, a more powerful rally is expected. However, if the price action will be able to breakout the resistance of the up-channel that has been formed on the daily chart, then it can also break out the key level resistance of $0.90 and can move to the highest price. And if it will surpass the previous high then it can even move to $5.
Algorand ALGOUSDT - Head and Shoulders REVERSAL- Head and Shoulders formation on the daily chart
- The price is above key market structure and can continue higher
- You can set your profit target at the top of the upper trendline
- Great Volume + RSI
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ALGOUSDT(Waiting for the Resistance zone Breakout)#ALGOUSDT Technical Analysis Update
Waiting for the Resistance zone Breakout
ALGO/USDT currently trading at $0.438
LONG ENTRY level: Above 0.4700 (only enter long after 1 H candle closes above the resistance zone)
STOP LOSS: I will update once I see the breakout
Resistance level 1 (Target 1): $0.520
Resistance level 2(Target 2): $0.560
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
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ALGOUSD D1: XABCD 40% gains BEST LEVEL TO BUY(SL/TP)(RECAP)ALGOUSD D1: XABCD 40% gains BEST LEVEL TO BUY(SL/TP)(RECAP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Congrats if you followed. setup already running
at +20% gains, 20% upside left.
click play to recap orignal trade setup.
🔸 Summary and potential trade setup
::: ALGOUSD 2days/candle chart review
::: XABCD setup in progress
::: currently ACCUMULATION MODE
::: point C is near 27cents
::: BUY/ACCUMULATE near market
::: strong bullish chart
::: up to 50% gains possible later
::: short-term pullback possible
::: bulls wait for pullback
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +40% gains
::: details: see chart
::: FINAL TP is 47/48 cents
::: recommended strategy: BUY/HOLD after correction
::: best entry near 30cents
::: TP BULLS +40% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BULLS
ALGOUSD D1: XABCD 40% gains BEST level to buy(SL/TP)(NEW)ALGOUSD D1: XABCD 40% gains BEST LEVEL TO BUY(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ALGOUSD 2days/candle chart review
::: XABCD setup in progress
::: currently ACCUMULATION MODE
::: point C is near 27cents
::: BUY/ACCUMULATE near market
::: strong bullish chart
::: up to 50% gains possible later
::: short-term pullback possible
::: bulls wait for pullback
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +40% gains
::: details: see chart
::: FINAL TP is 47/48 cents
::: recommended strategy: BUY/HOLD after correction
::: best entry near 30cents
::: TP BULLS +40% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BULLS
Moonshot Me BabyI love Algo, love the team and what they want to do. I count 5 waves up and it looks like we’re sitting on a great support zone. Folks are loading up. This is a good price. A 1:1 ratio move would put us at 1.60 but if this is a 3rd wave of the larger degree we could go even higher.
Note: I do own this and I’m not advising anyone to buy this, but do see the price as a great risk/reward scenario.
ALGO/USD Analysis Hi there guys. Here on a weekly chart, we've got ourselves the famous (or infamous lol) triangle plus hush ribbons indicator that clearly show that we're in a bull run. I'm expecting ALGO to go to at least 0.55-0.57 with some slight corrections on the way. Of course, we'll need bitcoin to either stay in between 19200 - 19600$ or at least not move farther than 19K. Anyways, DYODD guys. I wish you profits and a great week!:)
ALGOUSDT (Trend line Breakout) Wait for the small retracement
ALGOUSDT (4H CHART) Technical Analysis Update
Trend line breakout
ALGO/USDT currently trading at $0.3010
SHORT Entry level:0.3200 - 0.3300 (wait for the retracement
STOP LOSS: 0.3400
Support level 1 (Target 1) : $0.2970
Support level 2 (Target 2) : $0.2800
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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+170% potential for algo/usdtas provided in the chart as most of crypto are forming the same descending triangle.
but for algo it is different some how as it has a massive potential when break out come
predicted to touch the support 28.0 cent at the mid of dec.
break out of triangle in the last 10 days of dec.
january will be a fire month for algo and the whole market
enjoy trading it ....good luck
ALGOUSDT (Resistance Breakout)ALGOUSDT (4H CHART) Technical Analysis Update
Resistance Breakout
ALG0/USDT currently trading at $0.320
LONG ENTRY LEVEL: After resistance Breakout in 4-hour chart (only enter long after 4-hour candle close above the resistance level at 0.320$
STOP LOSS ( support): Below 0.2940$
Target: $0.400
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...
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✳️Algorand/USDT (20/11) View + Trading Plan #ALGO $ALGOALGO just broke out of a Falling Wedge pattern and is ready to make a big move in the near term. The uptrend will be fully confirmed if ALGO can close a 1D candle above the 0.3$ zone.
📈BUY- LONG
-Buy close to 0.25-0.26$, SL if B
-Buy more: 0.3-0.315$ if A, SL if B
📉SELL-SHORT
-Sell: 0.4-0.42$, SL if A
-Sell: 0.5-0.525$, SL if A
-Sell: 0.6-0.63$, SL if A
♻️BACK-UP
-Sell close to 0.25-0.26$ if B, SL if A
-Buy: 0.2-0.21$ if A, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
ALGOUSDT (Descending Channel Breakout)
ALGO/USDT currently trading at $0.29
LONG ENTRY LEVEL :$ 0.27 to 3.0
STOP LOSS ( support): Below $0.245
Resistance level 1(Target) : $0.35
Resistance Level 2(Target): $0.44
Resistance Level 3(Target): $0.66
Risk Reward Ratio : 1:9
Max Leverage: 10X
ALWAYS KEEP STOP LOSS...