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Algousd

Keep an eye on ALGO! World Cup starting this weekend!Here's a quick Look at ALGO 2 hr chart. As we can see, the price has been forming an inv. head and shoulder pattern and we could see a break above the neckline soon - It all depends on BTC! Also, World Cup starting this weekend - we should expect some movement from ALGO! The best entry would be when the price breaks above 0.285$ with a good amount of volume. One to keep an eye on. ------------------------------------------- The idea is: Buy when the price breaks above 0.285$ and take profits at the levels shown in the chart. Targets: 1. 0.293$ 2. 0.3$ 3. 0.318$ 4. 0.338$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
3
Algorand (ALGO) - November 16Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOBTC 1W chart) In order to gain the power to rise, it must rise in the 0.0000 1970 ~ 0.0000 2452 section and show support. ---------------------------------------- (ALGOUSDT 1W Chart) The key question is whether it can rise to the 0.4253-0.6132 range. To do that, we need to see if it can rise above 0.3310. (1D chart) Below 0.3310 is likely de facto long-term investment territory. Therefore, it is important to keep the price moving above 0.3310 quickly. If not, a decline below 0.2140 is likely. -------------------------------------------------- ------------------------------------------- ** 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. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (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.) ---------------------------------
by readCrypto
An even bigger inverse h&s pattern appears on ALGOOn our way to hit the 2 targets I posted about previously from former inv h&s neckline breakouts, algo has now brought price action above an even higher inverse head and shoulder neckline. Stoch RSI is pretty over extended at this point so it would not surprise me at all if we see a dip back down to retest the neckline or even a few wicks or a candle close below the neckline before we are ready to validate the breakout above this new neckline. Of course, it could also just decide it wants to pump all the way to our next measured move target with no correction at all. I will keep hodling, but if I was leveraged i would dial down a good portion of my leverage after hitting the previous targets and try to add it back in upon a successful retest of the new neckline as support…if we do dip below the neckline as long as it holds the 50ma as support any dip below should be temporary. We maintain overall support on the 50 and then solidify support on the white neckline here we will likely validate another inv h&s breakout by the time algo’s golden cross occurs. *not financial advice*
COINBASE:ALGOUSD
by DrDovetail
1
ALGO/USDT - LONG 12H TF----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ #ALGO/USDT ⚡️⚡️ Client: My-Binance Futures Trade Type: Breakout (Long) Leverage: Cross (2X) Entry Targets: 1) 0.4550 - 100.0% Take-Profit Targets: 1) 0.4843 - 20.0% 2) 0.5297 - 20.0% 3) 0.6062 - 20.0% 4) 0.6742 - 20.0% 5) 0.7319 - 20.0% Trailing Configuration: Entry: Percentage (0.0%) Take-Profit: Percentage (0.0%) Stop: Breakeven - Trigger: Percent (10.0%)
Long
by Mahdicryptodotma-pro
ALGOUSD Potential Golden Cross can send it to 0.800.Algorand (ALGOUSD) is having an impressive rise since November 02 where after a small pull-back, successfully tested the 1D MA50 (blue trend-line) as a Support. Yesterday it even broke above the 1D MA200 (orange trend-line) for the first time since January 13 and that is on its own a major bullish break-out. However on this chart we want to focus on the emerging Golden Cross pattern on the 1D time-frame (when the 1D MA50 crosses above the 1D MA200). A potential new Golden Cross, can have the immediate "rally effect" of those that took place post 2020. As you see there have been three occurrences (July 15 2020, January 07 2021 and September 21 2021) all posting similar MACD patterns as today's. As you see the rallies that followed the Golden Crosses have been very aggressive. For better illustration and comparison purposes, we have put them all inside a table. Those of July 2020 and Sep 2021 have been on similar magnitude while Jan 2021 has been a bit stronger. Assuming a similar rally takes place, ALGO could reach as high as 0.800, which is around the May 08 High (Resistance 2). Of course we need to consider 0.5100 and Resistance 1 as well. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:ALGOUSDLong
by TradingShot
5
#ALGOUSDT #ALGOCOIN Trade setup: Appears on a verge of breaking out from a Sideways Channel ($0.25-$0.35), but needs to be confirmed by breaking above 200-day moving average as well. If confirmed, price could rally up to $0.50 resistance. (set a price alert). Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers). Support and Resistance Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.35, which it broke, then $0.50 and $0.70.
by Cryptbergofficial
Algorand (ALGO) - November 5Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether it can be supported by rising to the 0.4253-0.6132 section. (1D chart) The key is whether it can find support near 0.3853 and move above 0.4253. If it doesn't, it is likely to drop to around 0.3421. A volume profile section is formed over the section 0.4253-0.6132. Therefore, if it rises above this section, it is expected to show a full-fledged upward trend. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
I spy with my little eye, something beginning with the letter AThis is a very contrarian take because on one hand we have 14 root causes for inflation: 1. Unlimited economic growth triggers Natural resource depletion since 2014 2. Expanding middle class in emerging economies since Brexit and Trump 3. Populism, polarization and uncertainty 4. The Great Reset (COV-ID-19) 5. The Federal Reserve printing 6. Insider Trading 7. Systemic devaluation of local currencies in emerging economies 8. China's zero covid triggers Inflationary Supply Chain Shocks 9. Russia and Ukraine war 10. Gas crisis in Europe 11. Evergrande's Real state collapse 12. Volatility & Bankruptcy: Credit Suisse & Deutsche Bank 13. Economic Trade Wars and World War 3 forsee a total collapse 14. Extreme weather triggers Water Scarcity And on the other hand we have: 1. High Employment rate and Job offers booming 2. Putin losing the war and could suddenly withdraw 3. Japan Intervention 4. UK's prime minister Liz Truss quit 5. Saudi Arabia is Interested in Joining the BRICS 6. Mainstream Propaganda is being excessively negative lately 7. We're probably not at the end of a big 100 year cycle but probably back to the 80s 8. Latinamerica flipping left wing except Uruguay 9. Big demographic change means big wealth transfer from baby boomers retiring to millenials 10. Crypto market maturing still pending Ripple's lawsuit resolution 11. Japanese intervention 12. Countries deglobalizing There are many paralels that pinpoint to 3 historic macroeconomic moments in history 1. The Great Inflation between 1962 (Cuban Missile Crisis, gold run of the 70s, end of gold standard) and 1980s (end of cold war) + (highest point of dxy in history) + (recession) 2. Another dotcom bubble brewing trigering a burst by a false flag attack like 911, (think 1997, think a president dies, think a small nuclear blast is detonated) 3. The roaring 20s after a war in the middle east (similar to WW1), followed by a pandemic (think 2020), followed by a recession (probably already priced in), followed by a period of hyperinflation in 23, followed by an explosive roaring 20s preceding a great depression anywhere between 2026 and 2029 before a welcome to 2030 wef scenario. All three scenarios have one goal in common, to introduce digital currencies this decade while gradually outlawing cash by 2030. We see countries already introducing x-road models, legal frameworks, aligning transportation and many other sectors to a digital biometric ID, while testing covid blockchain passports, and at the same time we've witnessed under the radar blockchain companies slowly building up partnerships and laying low for now. OMFIF was very revealing, so were a few banks that decided to partner with Ripple, now it's a waiting game. What will the future hold, will Saudi Arabia trigger a dollar collapse? Will Crypto get regulated? Will promising projects survive? Will Algorand become the Naga 2.0, or will it finally catch up to other alts that had a run in the last 2 years? A lot of uncertainty and fear still remains, but a contrarian suprise move could leave 2018 enthusiasts and doomsayers behind. Too soon to tell, but be on the lookout, this could be a 1997 scenario.
by axelrodd
5
Algorand (ALGO) - October 18Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether it can rise above the 0.3310-0.4253 section. (1D chart) The key is whether it can be supported by rising above the 0.3310-0.3425 section. In order to continue the uptrend, it must rise above the 0.3722-0.3938 section. If it goes down, you should check to see if it finds support at the 0.2865-0.3091 zone. The 0.3310 point or lower is most likely a mid- to long-term investment area. Therefore, it is important to keep the price above 0.3310. However, since the volume profile section is formed around 0.4253, it is recommended to trade from a short-term perspective until it rises above 0.4253. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Algorand (ALGO) - October 8Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) Whether or not it can move higher than 0.6704 is key. To do this, it is necessary to check whether it is supported and ascends in the 0.3310-0.4253 section. (1D chart) We need to see if we can keep the price above 0.3310. If it falls below the 0.2865-0.3091 range, there is a possibility that it will fall to around 0.2140. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1