Algousd
Algorand at an important junctureMoment of truth for Algorand. Will it close above its recently re-gained trend line this week and this month? Above .30 with some sideways action would be ideal. Because if it does, it will have quite the bull run. If not, it may need to re-visit 14c and that would delay the structure. But so far so good!
Cheers!
ALGO - Road to 2024HTF - We are about to print LL and imo 2023 will start with a Bear Market Rally.
LTF - I dont know, I dont care, I am not good at it. I only SPOT TRADE.
This is my 2nd bear cycle and about to be my 3rd bull cycle,
and if history at least rhymes with the past, then it’s time to accumulate.
Trade Alert(s) - Take ProfitTraders,
Unfortunately, I am too uncertain about how altcoins will respond when Bitcoin pulls back to tolerate this level of risk on the table. So, I have chosen to take profits on two coins coming up into resistance here: ALGO and DOGE. I will re-evaluate a decent re-entry area once I know this resistance is or will be defeated.
Stew
ALGOUSD: Potentially Reversing Bullishly From Multi-Year-LowsAlgorand is currently sitting at 3 Year lows which happen to align with the log scale 78.6% Fibonacci Retrace and has with the assist of some Bullish Divergence, Bounced back above the Descending Trendline.
If we get the ideal performance from this price action, we could see ALGO eventually make its way to 78.6% retrace above at around $1.5 or even higher.
ALGO Idea for an upward rally...Hi traders...
As you can see in the chart, over the past 2 weeks, price increases has happened in alternating time patterns that include Fibonacci time zones.
The next iteration has the power to push the price towards the daily pivot and I expect to see the price rally in the next 48 hours.
BINANCE:ALGOUSDT COINBASE:ALGOUSD
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed.
Algo Breakout has occurred. What am I waiting for?Traders,
Algo has broken the triangle definitively. But I hesitate to enter for several reasons:
1. That 50 day coming down hard
2. Still not above .227 cents level
3. Need at least one confirmation candle on the daily above .227 and preferably above the 50 day ma.
4. Still expect BTC to draw back more.
5. Headed OOO for the next week and a half and I don't want to be tracking trades during this period if I don't have to.
I wouldn't blame anyone who follows me to want to enter here. I am just not. Yet.
Stew
ALGO: The Long Term Bet I Would Love to MakeBy the time of writing, ALGO has already down 95% from its ATH in 2019. Meaning, if we buy now, and it goes back to ATH, we can profit up to 20x our investment. A very good deal, don't you think?
In addition, Algo is now sitting at a multi-year weekly support.
Even if Algo does not manage to reach its ATH, but only to let's say its weekly resistance, the potential profit is already 500%. I really think that this is a very good deal, personally.
For better confirmation, we can wait for these indicator/condition to be fulfilled:
- Break of the white trendline
- Break of 21 EMA
and/or surge in buying volume
Algorand (ALGO) formed bullish Butterfly for upto 43.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO) with BTC pair.
Our last successful trade of ALGO was as below:
Now on a daily time frame, ALGO has formed a bullish Butterfly move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Algorand (ALGO) formed harmonic bullish Shark for upto 23% pumpHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO) with US Dollar pair.
Previously we caught more than 25% pump of ALGO as below:
Now on a daily time frame, ALGO has formed a bullish Shark move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
To turn into an uptrendHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(ALGOBTC 1W chart)
There is no power of ascension itself.
So, after March 13th, we need to see if it can rise above the downtrend line and rise above 0.0000 1448.
In order to dissipate the rising power, it must rise above 0.0000 1970 ~ 0.0000 2886.
Therefore, it is expected that the price should be maintained above 0.0000 1448 to start gaining momentum.
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(ALGOUSDT 1D chart)
It is showing a move to break out of the mid- to long-term downtrend.
However, in order to turn into an uptrend, the price must be maintained above 0.3091-0.3557.
If it fails to do so and falls below the downtrend line, be cautious as there is a possibility of renewing lows.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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Trading Idea 038: AlgorandMarket Conditions:
- possible trend reversal
- consolidation around the key level
- bearish sentiment in the market
Key Level and Lines:
- $0.2742 support
Trading Ideas:
- go short if the price moves below the support.
- go long if the price reverses from the support and the crypto market is bullish.
ALGO Idea | ALGOUSD | ALGOUSDT ALGOUSD | ALGOUSDT
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
ALGO BUllish Pennantwe've got ALGO inside a pennant formation and let me tell you, it's getting charged up for another leg up. ALGO just recently retested and broke through its trendline resistance, which was previously acting as support before the breakdown. Now, it's making a strong push to break through this bullish pennant, but you need to be careful with your trades, my friends. This is not the time to get reckless with your investments.
And here's the thing, we can't forget about BTC. It's the elephant in the room, and it's the weekend, so you need to keep a close eye on it as well. You know how volatile the crypto market can be, and we can't afford to let our guard down. So, stay sharp, stay vigilant, and make your moves strategically. The name of the game is risk management, and if you do it right, you'll come out on top.
ALGO LOOKS BULLISHHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ALGO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You