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Algousd

How a real inverse head and shoulders breakout looks Actual Inverse head and shoulders (IH&S) breakouts rarely occur when the IH&S is obvious to see. You know the one I am talking about, with everyone screaming "INVERSE HEAD AND SHOULDERS" going "ALL IN" because it's "SO OBVIOUS" . The ones that break out are much more subtle and even arguable. Here I see a subtle IH&S with the yellow line being the neckline. Breaking out from this should give this coin the juice to also break from the previous support of the bear market. I see a large move on the horizon. Bless
BINANCE:ALGOUSDLong
by ceesounds
ALGO/BTC still 200% Potential for meALGO/BTC Chart Analysis: as I told you if we hold this Support I will buy more. But unfortunately it was dumped bellow support level so I was exited from this trade but now again I am entering this trade. I am looking bullish on ALGO/BTC. I am trying to buy between 2100-2200 Satoshi. because 2000 satoshi is very strong Support. and one more thing for Bullish. in daily candle Bullish engulfing working so buy at this level. entry: 2100-2200 Satoshi Targets: 2950/3330/4200/5159 Satoshi Stop Loss: 1980 satoshi Support: 2100 Satoshi Resistance: 2950/3330/4200/5159 Satoshi Guys dont forget to Click Like button for appreciate me. Thank you so much if you want real time crypto updates please like and follow me for latest crypto updates. Thank you
Long
by CryptoPatel
1
ALGO/BTC New Update with 129% Potential Targets#ALGOBTC TA Update: Current Price of ALGO/BTC is 2300 Satoshi. And last update I told you to buy at Support and I bought at perfect entry at support. #ALGO Finally I bought at strong Support and waiting for Bounce from here. I think this is very good Entry. best Entry according to me 2200-2300 Satoshi. Stop loss: if any candle close bellow 2100 Satoshi then I will exit with minor loss for safe side. This is very strong Potential coin for me. its can give huge profit in mid term. S: 2250 Sat R: 2913/3360/5159 Sat Guys please like and follow me for latest crypto updates. Thank you you Like motivate me for work hard and publish new ideas for you.
Long
by CryptoPatel
2
ALGO/BTC Bearish Technical Analysis HTF#ALGOBTC TA Update: Current Price of ALGO/ BTC is 2050 Satoshi. And last update I told you to buy at Support and I bought at perfect entry at support. But unfortunately Support Level Broke down and Now ALGO/BTC is bearish Mode. My Entry 2100-2250 Satoshi. Stop loss:i told you if any candle close bellow 2100 Satoshi then I will exit with minor loss for safe side so My Stop Loss triggered. but Again if any Candle close above 2150-2200 mean any candle close above our Green box then we can enter again with 1980 Stop loss. R: 2913/3360/5159 Sat Guys pleaseClick LIKE Button and follow me for latest crypto updates. Thank you you Like motivate me for work hard and publish new ideas for you.
Short
by CryptoPatel
5
Possibility of a breakout looming :>Now amidst all the uncertainty and fear with the upcoming halving, I leave the possibility of anything happening open, and advise that you be careful and always use proper risk management when trading! If using a sound risk management strategy, I think that certain alts (particularly the most promising ones - like algo) are looking favorable. This coin has bled a lot within the last few days, and the remaining supports are a lot stronger than the resistances. In fact, I don't foresee much difficulty breaking the resistance levels. What I think is the greatest factor to if we will see a breakout / trend-reversal is if enough momentum can be found to ignite it. I think the possibility of such seems to be favorable now, and offers a high reward to risk to ratio with a tight stop-losses at the close (but strong) resistance levels. We saw Bitcoin break-out yesterday, and sometimes alts actually stall for about a day before following Bitcoin's trend (this would be the optimal scenario, but the power of ALGO itself being a promising and desirable alt should also be considered). I'm long, let's see what happens!
Long
by eyeseaevan
7
Go Get A Bag $ALGO #Algorand #Crypto Daily Looking at our trend timeframe we see ALGO continues in a minor downtrend since forming our head and shoulders pattern. Stochastic RSI showing momentum is in favor of the bears however it does look tobe slowing down. The last (2) daily candles do show some exhaustion with their wicks, possible we get a reversal at this level. 4Hour Shifting over to our pattern timeframe we see the price is currently testing our dynamic and minor support, stochastic rsi showing momentum is in favor fo the bears with no signs of a reversal. A reversal at this level is crucial if we want to continue respecting our descending channel and retest of $0.3400, a 4hour close below $0.2625 indicates we will continue towards the downside. A 4hour bounce off $0.2670 indicates we will head towards the upside.
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649
All Good In The Woods $ALGO #Algorand #Crypto Daily Looking at our highest timeframe we see ALGO has formed a head and shoulder (H&S) pattern and is currently testing our dynamic support at $0.30. Stochastic RSI showing momentum is in favor of the bears with no signs of slowing down. A bounce off this level invalidates this (H&S) however we would still need to close above $0.3200 to continue towards the upside. 4Hour Shifting over to our pattern timeframe we see the price is currently in a descending channel, and looking to break out. Stochastic RSI showing momentum is in favor of the bears with no signs of slowing down. ALGO would need a bounce off this level to continue its uptrend behavior. A break below our channel and expect the price to continue towards our $0.2950 support, with enough momentum expect ALGO to continue towards $0.2550. With that being said we can still see a bounce from this level and a retest of our $0.3400 channel resistance. I will be looking for some exhaustion on the smaller timeframes for a sniper entry. Until then a 4hour close above $0.3099 triggers our long position, rejection from this level and expect the price to continue falling. Lastly shown above is our accumulation chart, and we can see ALGO is approaching our buy zone. We should see a bounce from this level, if not at least some exhaustion.
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649
To The Moon, Then Pluto $ALGO #Algorand #Crypto Daily Looking at our highest timeframe we see ALGO has remained in its uptrend since the beginning of February, although we are in a minor correction. Stochastic RSI showing momentum has formed a double bottom and the bulls are in a slight pause. Our (2) most recent daily candles are showing some wicks, could be an early sign of the bears getting exhausted. A daily close above $0.3740 indicates we will continue toward the upside. 4Hour Shifting over to our pattern timeframe we see ALGO has broken out of its minor downtrend and has continued to form some bullish structure. Stochastic RSI showing momentum has bottomed out and we could see a reversal at this level. The price is now testing our previous resistance of $0.3600 as support. If we hold here expect ALGO to make a run towards $0.4200. A rejection from $0.3800 indicates we will continue towards the downside.
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649
3
Don't Miss This One!!! $ALGO #Algorand #Crypto Daily Looking at our highest timeframe we see ALGO testing our dynamic support(uptrend) stochastic rsi showing momentum is in favor of the bears with no signs of reversal. ALGO formed a higher high with a daily close at $0.50 taking out our previous higher high at $0.40. Since making a new high the price has remained in a minor downtrend and is now looking for support. 4Hour Shifting over to our pattern timeframe we see the price remaining in a descending channel, stochastic rsi showing momentum also stuck in a pattern and we should be expecting a huge push very soon. Bullish divergence shown in momentum, a 4hour close above $0.33 indicates we will head towards the upside, however a rejection from this level and expect ALGO to continue towards our $0.30 support zone. Something to keep in mind is ALGO has never seen a bull run and is already being compared to ETH and XTZ...persoanlly one of my favorite coins.
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649
Lambo Season!!! $ALGO $ALGOBTC $USD #Algorand #Crypto Weekly Looking at our highest timeframe we see ALGO has never seen a bull run, and already shows some great upside potential. Support found at $0.18 and has remained in an uptrend since. Price has retraced about 30% since making a higher high at almost $0.5200, this week’s candle looks like it has bounced off our previous breakout zone. Some in the crypto community compare ALGO to ETH and XTZ, could we see possibly see the same price action as 2017? Weekly (zoomed in) Taking a closer look at our trend timeframe we see price continuing to respect structure, this week’s candle currently testing our $0.37-$0.39 support zone. A weekly close above this zone is a good sign we will continue the trend. Daily Shifting over to our pattern timeframe we see previous higher highs and higher lows, along with the stochastic rsi showing momentum is in favor of the bears from our previous sell-off from $0.50. Price is now testing dynamic support and our major support zone. No daily confirmations of a reversal yet, however yesterday’s candle left a nice size wick, and today’s daily candle is starting to take shape. Some possible early signs the short term bears are getting tired. 4Hour Finally looking our trigger timeframe we see ALGO has closed above our 4hour support after testing (2) times. Another possible retest is possible, before continuing to the upside, stochastic rsi showing momentum has bottomed and we could be seeing the bulls make another run. Another 4hour close above $0.3750, with some risk management could be a solid early entry before continuing our 2nd leg. A close below this level means we continue to our $0.3400 zone. If this is being compared to ETH and XTZ before the next mainstream wave kicks in, now is the perfect time to start averaging in before hitting Lambo season!!!!
BINANCE:ALGOUSDLong
by UnknownUnicorn2434649
Algo - Similar Pattern forming Yes, the drawling is amateur, to say the least, but the best predictor for the future is many times the past. Algo has shown us it likes to peak and then peak higher as shown in the chart. The two areas I have circled both exceeded the angels I used for the four peaks highlighted. While we would all love to see the coin continue upward, and it might, I think we may be wise to consider alternatives. Even with this chart, it should be noted algo has a huge upside and with enough support, there is little in terms of resistance lines above. The coin is not acting in total congruency with BTC as we usually see but this has not held up long enough to be eliminated.
COINBASE:ALGOUSD
by jlewis4833