Algorand shortAlgorand bounced off the resistance level. Asset bounced off the descending trendline. Bearish movement to support level at 0.284 is possible.
ALGOUSDT
Algorand (ALGO) - June 30hello?
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(ALGOUSDT 1W Chart)
Below 0.5021 is likely to be a mid- to long-term investment area.
(1D chart)
Below 0.3310, it is likely to enter the long-term investment realm.
So, the key is whether it can move higher than 0.3091-0.3310.
Rather than rising immediately, it is likely to rise after it leads to a further decline.
As I said in the explanation of the BTC chart, I think that it is more likely to rise faster if it moves sideways while showing a large fluctuation.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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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AlgousdMove up or wait?
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AlGORAND #ALGO idea 28 June 2022AlGORAND #ALGO idea 28 June 2022 - Algo could possibly dip down to the $0.17 price range before regaining strength
ALGO HEADING BACK ABOVE THE SUPPORTWaiting to see a possible breakout on both support and trend line with the bull trend to look further continuation to the upside as shown on the chart targeting 0.42, the next resistance area.
KAVAUSDTPERPAfter the growth of the price from its daily floor, it was able to settle in a side channel. Due to the approaching price of gold, this first issue, if it leaves this site channel from any side, can enter a buy or sell position. It was in this currency
ALGO open the parachute!🔥🔥Subscribe to the channel, get notifications about signals!🔥
#ALGO
▪️There was an increase of 13%, now the indicators are overbought, which indicates a possible correction.
💎In the near future we will correct down by about $0.3
ALGOI think the next downtrend has begun
This is my personal opinion. Please do not trade based on my analysis and data.
ALGO 1H BUYAlgorand is also in a strong uptrend against BTC. It recently dropped and hit the Blue trendline, where my BUY order was placed, as per the strategy. Here is the trade I'm taking.
Algorand (ALGO) - June 16hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(ALGOUSDT 1W Chart)
The 0.5021-0.6132 section or less is likely to be a mid- to long-term investment area.
Therefore, the key is whether it can move higher than the 0.5021-0.6132 section.
(1D chart)
An important volume profile section is formed around 0.3091.
Therefore, if it falls below 0.3091, there is a possibility of entering the long-term investment area, so careful trading is required.
Looking at the overall picture, the volume proifle section is formed over the section 0.3091-0.6132.
Therefore, it needs to move above 0.6132 to continue the uptrend.
Once you see support at 0.3310, you can make an aggressive buy with a small amount.
This aggressive buy can be used as a way to increase the number of coins for profit by making short-term trades.
A full-fledged buy is possible when we see support in the 0.5021-0.6132 section and rise above 0.6132.
------------------------------------------------------------ -----------------------------------------------------
** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(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.)
---------------------------------
ALGO/USDT - Potential Short ScenarioHello Traders!
ALGO price continues to move within the descending trend completing the previous market cycle.
The culmination of the falling phase will be an aggressive downward exit of the price under the support level of $0.25
Medium-term purchases can be considered at $0.1440 - $0.1900.
The targets of such purchases will be price levels of $0.25 and $0.36
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
ALGONot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Algo.Algo saw a clean 5 wave impulse which had begun back in march of 2020.
The impulse was completed in November of 2021.
Since that top, Algo has put in what looks to be a zig-zag (labeled a-b-c).
-it has retraced roughly 61.80% of the entire bull run.
-quadruple bullish divergence on the daily time-frame is present (very rare).
-indicative that this dip could potentially be a wave (2).
if i'm right about all of these alts being in a 1-2,
then we are in for a ride into the skies.
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things definitely don't look too good in the world right now,
the economic crisis which is happening right now would be the single biggest argument against what i'm portraying here.
the only way this scenario could play out, is if something drastic changed in the world in the near future.
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i will continue to entertain the idea that these could indeed be 1-2's, but i'm also going to approach this very conservatively and with extreme care \ caution; making sure to use proper risk management if i ever was to play any of these.
nothing in this market is certain, in fact, it's all extremely uncertain right now; and there is an infinite amount of possibilities which could potentially be at play.
this is merely the bull case, nothing more.
there is also a very probable bear case, so you gotta be very careful.
don't be attached to either side, just let the market show you what it wants to do, then simply go with the flow.
---
Best of luck!
Algorand ALGO short Entry Range, Take Profit and Stop Losspreviews Algorand short
ALGO/USDT short
Entry Range: $0.35 - 0.38
Take Profit 1: $0.30
Take Profit 2: $0.25
Take Profit 3: $0.19
Stop Loss: $0.44
SHORT ALGO- Back to 25 CENTS price action on algo along with the rest of the market has solid signs of bearish consolidation
a retest of 25 cents lines up with the pervious historical support back in the 2020 bullish impulse
ALGO/USDT 80% Potential Upward if Break This Resistance#ALGOUSDT Technical Analysis:-
#ALGO Trading at SuperTrend Resistance $0.42
If Price Break This Resistance Then We Can see 30% to 80% Upward Move from here.
Resistance:- $0.5/$0.62/$0.75
Stop Loss: $0.367
Algorand longAlgorand bounced off the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.495 is possible.
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for ALGOUSDT
The chart includes S2 line (which used to be a resistance line) and after being rejected at some points, the price could rise over the line and we had a failure in break for the price. Then it faced a severe decline up to S1 and continued its rising tend and at the present, it is fluctuating in S1 area. We believe either the price is going to move over S1 and by a fixing trend, it will move toward R1 area. Or the price will lose the support and move below S1 and then fall toward S2 line.
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
ALGO inverted head and shoulders#ALGO/USDT
$ALGO shaped inverted head and shoulders pattern and now try to break out from neck line.
🐮 breaking out from neck line will increase price to touch resistance zone between $0.47 and $0.49.
ALGO/USDT BUYING SETUP (SWING)ALGO potential rejection after hit demand area and continue upward movement .we can close if can't break resistance at $0.425 area
Buy zone : 0.38 - 0.365- 0.355
Target : 0.4196 - 0.4521 - 0.4952 - 0.5761
Stop : 0.345
ALGO Update - turned bearishUpdating my previous chart (linked below), this coin has a local support zone highlighted in the green zone.
It broke the ascending triangle (neutra) formation going down in price, which means it turned bearish for the short term (1-2) weeks.. and that's exactly what we are seeing right now.
It is not showing any strength, and I am assuming the trend will continue down, where a lot of buy orders are waiting in the green zone.
In the buy zone, I will upload another analysis to see if it's time to buy or not.
ALGOUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 0.48 and 0.56
after first target reached move ur stop to breakeven
Stop: ~0.35 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
