ALGOUSDT potential reversal setup formingLooking at today's candle as a potential buy signal IF AND ONLY IF it closes near its high. If it does, a buy above the candle is reasonable.
Setup invalidated if either of the following happens: market pulls back significantly before closing, market trades below 0.2767 (red line), or if market creates a lower low (below support level around 0.2626).
Warning: not a trading advice, please. DYOR.
Algousd
ALGO/BTC (3rd Test at Key Level Support)💎Technical Analysis Summary💎
BINANCE: ALGOBTC
-Algorand is back trading around the key level of support
-Well, this is still good because the Bull defended this zone again
-But the fight is not yet over until the downward trendline is broken upward
-Yes, you can buy at key level but tight stop loss
-Or, wait for the trendline breakout to confirm that the trend will start to reverse
-Upside potential is up to 4000s sat area or higher
A big Thanks for donating 💰 via Tradingview coins this week to billstenzel 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
ALGOUSD 2D: BEST Level to SELL/BUY 30%/45% gains(SL/TP)(NEW) Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
ALGOUSD 2D: BEST Level to SELL/BUY 30%/45% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses
before reversal BULLS point D/PRZ.
🔸 Summary and potential trade setup
::: ALGOUSD 2days chart review/outlook
::: speculative XABCD setup in progress
::: requires confirmation
::: SHORT/LONG sequence now
::: but lower risk on BUY side later
::: higher risk setup: SHORT NOW TP 30%
::: TP Bears is point D/prze at 24c
::: BULLS should focus on buying low
::: later after pullback/correction
::: BULLS should BUY/HOLD 24c TP 45% gains
::: TP bulls is 35c
::: recommended strategy: BUY LOW point D/PRZ
::: ENTRY NEAR 24c SL 5% TP 45%
::: SWING TRADE: BUY LOW and HOLD IT
::: correction not over yet
::: good luck traders!
::: SHORT and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/24c
::: Sentiment outlook short-term: BULLS 35c
Algo/usdt testing major trendline support Algo testing now the major trendline support (white)
and bounced from there
If the price can hold above this area and break the trendline resistance (purple) can be a good buy
But for me... best buy area when also break above ema 100-200 around resistance 0.37$
Stability above this resistances can lead to great jump
If you like my ideas hit like and follow for more free ones
ALGOUSD LongHi
As you can see in the chart, the price has broken a downward trendline and pullback.
Besides, that price got supported on 0.618 Fibonacci and on an upward trendline.
There is a visible bullish divergence.
---------------------------------------------------
What is your opinion? Comment it below.
If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too.
Goodluck.
ALGO/BTC (Testing Strong Support)💎Technical Analysis Summary💎
BINANCE: ALGOBTC
-Algorand is now testing a strong support area
-This zone is a confluence of previous resistance and support
-If ALGO can hold this area for a few days
-And BTC starts consolidating normally
-There is a chance, this coin will bounce up to 3500 sat
-But if the support fails, the next level to watch is 2000 sat
-So please be careful, I don't advice to buy at market price yet
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
``````````````````````````````````````````````
ALGOUSD - Bearish Continuation Pattern or Bottoming Pattern?Algorand looking as if it is building one massive broadening triangle which could go into both direction when hitting the bottom.
Looks very bearish at the moment. Also built a H&S in shorter time frames. Good luck with that one!
Happy Trading!
Algo is still in accumulation phaseIt has been since October 2019, #Algo is in accumulation mode and it is now testing the upper level of its range.
I think there are 2 possibilities:
a) Successfully passes above the resistance, retest and continue
b) Failures and continue to accumulation.
In the end, after the accumulation, there is a big upside potential for #Algo.