ALGOUSDT
Another potential $ALGO short play...BINANCE:ALGOUSDTPERP - Has bounced at support -
moving up towards heavy resistance (blue zone) which given rapidly declining OI and Binance crowd aping into linear "line-break" from recent high -
Not a continuation traded - aim for reversion
SL would be at prior high or narrative switch.
Otherwise. Goblin time.
ALGO longAlgo looks bullish as market is starts firing longs
⭐️ BTC has similar trendline
⭐️ Accumulating on local level
⭐️ 4th approach
⭐️ Volume at bottom
⭐️ 40 ATR
⭐️ Over VWAP
Will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
ALGO - Buying SignalBYBIT:ALGOUSDT
4H time frame
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ALGO is in a descending channel, and it started to form this channel since increased by 41%.
The price stops making lower lows and hit Fib 0.382 smoothly for support confirmation.
We can long it at 0.34 and add more position at 0.335(Fib retracement level_0.382)
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Entry: 0.34
Add: 0.335
TP: 0.3565, 0.3735
SL: 0.33
Algorand (ALGO) - September 29Hello?
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(ALGOUSDT 1W Chart)
The key is whether you can support and move up in the 0.3310-0.4253 zone.
(1D chart)
0.4253 : volume profile point
0.3310: boundary point of the floor section
0.3091 : volume profile point
Therefore, it is important to be able to support and move up in the 0.3091-0.4253 zone.
As it has moved out of the mid- to long-term downtrend channel, if it finds support in the above area, I would expect a sharp move.
However, if it fails to find support and falls below 0.3091, I would expect it to fall below 0.2140.
However, as I mentioned in the description of the BTC chart, I think it is time for altcoins to gain support by increasing the BTC price by at least 20.7K.
Therefore, before that, it is recommended to trade conservatively when trading altcoins.
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** 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.)
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💰ALGORAND analysis in One-hour time🔥🔰You can see Algorand's cryptocurrency analysis in a one-hour time frame (ALGOUSDT_ 1H)🔍💣
💥The price behavior is clear in the picture🧐 If the price can reach the DEMAND zone, it can experience an upward trend up to the Downward trend line🖤, and if it can break the Downward trend line🖤 upwards and stabilize❗ above it, it can have an upward trend up to the SUPPLY zone 🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
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ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ALGOUSDT
Based on our previous analysis on September 6, we expected a rising trend to happen and now you see the rise has happened here. As you see, R1 is our resistance line that includes the disability of the price in order to rise. And S1 is the support line at which the support of price is clear. Thus, we have the fluctuation of price below R1 and our prediction will be a fall toward S1 and then if we have some rising signs, we expect an increase for the price to R1. It is highly recommended to activate your stop-loss due to the unstable situation of market.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ALGOUSDT | Wave Projection | 4.4 Wave Expanding DiagonalPrice action and chart pattern trading setup
> A possible uptrend 4 wave with expanding triangle pattern ABCDE
> Target take profit zone at 4.4-wave @ 0.382 - 0.5 retracement zone of previous wave 4.2-wave
> The final downtrend 5 wave zone could be projected at 0.5 - 0.618 retracement zone between the recent lowest zone and original major 2-wave - dump & pump pattern is expected.
> Indicator: MACD squeezed and gold cross the baseline with wider uptrend ribbon, most likely to continue rising for now.
Always trade with affordable risk and respect your stoploss - nothing is 100%
ALGOUSD - Strong Bottoms ALGO has formed a large falling wedge which is common among many crypto coins currently
The green horizontal is a strong support line, using the curved line to show the kind of cup structure price is forming once hitting this green line
It is a very bullish structure
Lets see how it plays out
$ALGO - Time to GOAL Hello my Fellow Traderz,
With the arrival of the FIFA World Cup, keep your targets on the tokens which are directly or indirectly linked to the Championship.
I have already made an analysis on one such token in one of my previous ANALYSIS.
Today I've come up with $ALGO. #ALGORAND is officially the blockchain partner of FIFA WORLD CUP. So it is quite obvious MMs are burning the fuel for the leg up as the tournament is about to start.
$ALGO ha already broke the Trendline Resistance 1 with solid amount of VOLUME which indicates that this Breakout is Valid. Now approaching towards Trendline R2. Also the Horizontal Resistance of $0.42 lies there.
Break above $0.49 we do not have any resitances meanwhile and we could easily reach the next Major RESISTANCE Area of $0.70-$0.75.
Happy Trading my FAM....CHEERS!!!
Sell time in AlgoHello traders!
Welcome back to another episode with analyst Aadil1000x.
Today we are going to sell Algousdt from here as there is a strong bearish pattern and the Bulls of Algo are already exhausted.
Stoploss 0.3913(-5.8%)
Target 1, 0.3238 (+12.5%), Take Some profit Here & Move stoploss @ entry
Final T.p 0.2719(+25%)
Suggested leverage 7x.
#ALGO, Showing the biggest volume activity since May#ALGO
Showing the biggest volume activity since May as its trying to bounce from lowest value since 2020
Both 2D/3D Buy signals from the UCTS already in the charts
taking a small position here & watching how it develops because I'm still a little skeptic about any relief rally
ALGO Descending TriangleThis is a Neutral pattern. This indicates that the price hasn't set any strong indication of moving up or down. We don't know until it breaks out of the triangle.
I have drawn it very clearly on the chart for you to follow along.
In my opinion, this is not a time to open any positions. It is time to wait and observe. If it rises above the triangle, and forms a very nice Continuation pattern, then I will post a long chart. For now, we remain neutral.
ALGO Algorand text book styleAbsolutely bullish setup as long at the 0.279 low is holding.
1) Big Falling Wedge
2) Some side way action for accumulation
What next?
Most likely some 3-9x run.
Whether corrective or impulsive we shall see
Hold my beer pls
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No financial advice, do your own research, don't be stupid