ALGOUSD 2D: BEST Level to SELL/BUY 30%/45% gains(SL/TP)(NEW) Why get subbed to me on Tradingview?
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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
Algousd
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
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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.
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What is your opinion? Comment it below.
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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
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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.
Algo next move detailed... not yet long setupI expect market to be bearish next days, because of BTC dump...
We have formed a channel, now we are @ top line and also EMA200 on 4H 6H 8H charts
Very possible to drop until fib 0.718, previous big support and also bottom of the channel 0.24 area
From there is will be best long setup until 1$ - 2$
Algorand is a very very very good project, is a game changer for blockchain but market will be one time shake-out before we have a nice BTC bullrun until 13-14k
Cheers !!!