ALGO buy signalALGO looks like an interesting position to buy. Capitulation Signal (gold stripe) signaled in line with major high time frame trends
ALGOUSDT
Finally Algo Breaks Falling Wedge Seems Like Algo Is Ready For bullish Impulse Falling Wedge Breakout Has Already Confirmed Retesting In Process Incase Of Successful retest expecting 25v to 30% b ullish Wave
ALGOUSDT at weekly support and likley to move up from hereThis one is approaching towards the its lows. There is a monthly and weekly level almost close to the current price. It may breach that for a while but I expect it to hold that level on weekly time frame and bounce from there. If it does bounce, I see it aiming towards daily and then probably weekly resistance.
The price has finally hit the weekly support which is also monthly support level. I believe this is going up from here but as said before, it may dip briefly on intra week basis.
ALGO - Bullish Harmonic - Short Term Long Scalp OpportunityALGO - Bullish Harmonic - Short Term Long Scalp Opportunity
Long targets shown on Chart.
Good luck!
Bulls in Control: #ALGOUSDT Breaks Channels, Sets Sights Higher💎#ALGOUSDT shows promising signs of a bullish reversal! The formation of a double bottom, coupled with a successful break above the descending channel and supply/demand zone, suggests a potential price increase towards the 88.6% Fibonacci retracement level and the 200 Simple Moving Average. Currently, price is supported by the 61.8% Fibonacci level. If the support holds, we could see a rapid rally.
💎However, a break below the support may lead to another wave down before a potential pullback.
💎Watch closely for any price action below the double bottom, as it could indicate a continuation of the downtrend.
Is a Reversal Brewing for #ALGOUSDT?💎After breaking below the ascending channel, the downtrend in #ALGO has been consistently strong. But today, on the 4H chart, we are witnessing a Hummer Candlestick Pattern, a potential sign of a reversal.
💎 Additionally, there's a clean bounce off the 461.8% Fibonacci support, which could indicate a potential bullish reversal. We need to confirm this on the Daily chart. If the current low holds until the daily close, it could be seen as the first bullish reversal signal.
💎 But let's not jump to conclusions just yet, Paradisers. We must remain cautious and acknowledge that discussing an uptrend at this moment would be premature. To establish a solid bullish outlook for #ALGO, it must break and sustain above the supply zone and the downtrend trendline.
💎 The MCP team is closely monitoring the current support level, and we'll keep you updated on any further price developments. Stay tuned, stay informed, and stay ahead of the game!
Algo buy itAlgo double bottom in bullish scenario which can give you good profit in no time. I'm riding on it. Do your own analysis and let's ride on Algo pump.
ALGO dropped a key supportHi, Friends hope you are well and welcome to the new update on ALGO.
Big wedge and a long-term support:
Algo has formed a big falling wedge on a weekly time frame, however, at the moment ALGO has dropped at a very long-term support of $0.16 and this level is working as a support since Sep 2019.
Oversold on weekly time frame:
Weekly Stochastic is also extremely oversold therefore, if Bitcoin starts small correction move, then ALGO can begin a massive reversal from this support.
Conclusion:
If some one wanna buy ALGO here then be very careful and keep an eye on $0.16 support, if it will be broken down then ALGO can drop at the support of wedge. More chances are in favor of a massive rally from this support soon.
ALGOUSDT testing Fibonacci supportRight now ALGO is testing the most common Fibonacci retracement level, 61.8%. We want to take buying opportunity at this time as any kind of a pullback would be healthy for this bearish trend.
#ALGO USDT DOUBLE BUTTONI think we should wait for growth in altcoins
Your own risk
Don't forget to like and comment
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 UPDATE 2That's the make or break for Algorand. Yesterday drop ended up with a bull trap and a chance for trend reversal. There are three rules in place now.
- We want to stay above the yellow line ( the previous low on a weekly chart )
- Closing below yesterday low invalidates the setup
- Closing below 0.1560 will propably mean that Algo will drop to 0.1150
TRADE ALERT - LONG ALGOAlgo has also entered my target down area and with the daily RSI into oversold territory, I believe this is an appropriate area to enter. Yes, Bitcoin could still come down to that 25,200 neckline area or lower, dragging ALTS down even further, but I have set my entry targets for these recent alts trades and will stick to the trading strategy at this point, holding through potential losses until they become profits again. Target will be upper levels printed. SL would be 14 cents or lower.
Best,
Stew
Algo retest 0,23?Also a chance to retest the zone around 0.23 +-, we will see how BTC will be etc... we are close to the summer lows and in a very volatile place so be careful and always SL
HBARBTC, bullish? or fake again!Look Who It Is!
Friends always ask me: Danial, why do you choose a weekly time frame in your analysis? I say it's correctness for the trend analysis.
After all, In this job, Nothing is certain.
As you can see on the indicator, the price passes the trendline and back again below the trend. (fake out is shown by a blue circle).
Besides, a divergence shows up on the daily and weekly timeframe.
In my analysis, the price will range in the green zone for a few days or go down straight and touch the red line. (I'm bullish on Algo but at BTC pair).
Please like and remark it makes progress in my work and prepares faultless analyses for your dear ones.
BINANCE:ALGOUSDT
BINANCE:BTCUSDT
long algousdtBINANCE:ALGOUSDT.P
Asset analysis
From a technical point of view, by reaching the entry point marked with blue color in the image, it can have a good profit for the owners of this asset.
LONG ALGO UPDATEAbove is the chart describing potential swing trade on algorand I mentioned before. Very low risk, stopping if confirms break to the downside
ALGOUSDT on daily support, likely to head up to 0.206-0.210This one is also on daily support and likely to bounce from here. It may dip below the support for a while but anyways a long towards daily resistance looks favorable here. The daily resistance is sitting around 0.206-0.210 zone.
Algo Bulls Need FuelLooking at Algorand/USDT 4H on Binance, it seems like there is a long road ahead for ALGO bulls.
We see two recent rejects at the .5 FIB / $.24. The retracement found support on the 200MA but the subsequent bounce was unable to fully recapture the .382 FIB at $.225. I'd expect some chop between the 200MA & .382 then a drop down towards $.21.
With the two rejections in place at $.24 and little volume supporting the 200MA bounce, I'm generally bearish in the short & long term on Algo. The volume spike that drove it from $.19 to $.24 seems anomalous and without any real momentum.
Should bulls get the fuel they need from somewhere in the ecosystem, its a tough road towards the long time resistance at $.26 (white line). I'd expect multiple attempts & failures at recapturing that level, especially with the .618 so close to it. With so many other charts & cryptos showing bullish indicators, Algo is a tough technical sell in current form.
Algo going down (Short)Supports do not seem to be holding the price resumption downward. I expect the next support to be at 4h timeframe entry price area.
NFA
ALGOUSDT, Rising Triangle...Hello guys.
ALGOUSDT in Daily TF.
Look for rising triangle in chart...
Thanks.
ALGOUSDT great RRAlgo stands at the double Fibonacci support, which implies a potential short-term rally throughout this week. A new lower low will immediately invalidate bullish outlook, but for now things are looking bright for ALGO.
ALGO ready to go down! (Short)After a minor pullback to change of character area, I expect a liquidity grab from the prior high and go down from there.
NFA
