ALGO/USDT 6 HOURS UPDATE Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
#ALGOUSDT is about to break this symmetrical triangle pattern.
LONG: CMP
TAKE PROFIT: 20% to 30%
SL: 0.9750
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
ALGOUSDT
Algo long set up$algo #algorand still like this long set up because of how tight the R:R is. Need to break back above 20MA to stretch out to next resistance. Note that the top of BB is aligned to 50EMA
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Algo long set upsooo there is a lot of upside here. Definitely areas of resistance in between BUT I like it. a lot. Especially if $btc is doing its thing in Feb. Wait for confirmed close above zone.
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
ALGO PLAYS CATCH-UPAlgorand is displaying the early signs of a bullish reversal, flipping the daily 20 EMA (exponential moving average) into support around 1.05 USD, is the confluence needed to reinforce this trading idea.
Many big cap altcoins are beginning to chase liquidity, and you could not have asked for a more clean technical set-up here.
If the D1 20 EMA becomes support, then the next resistance is at $1.30USD.
Once in profits, manage your own risk accordingly (move up stop losses into break-even for a risk-free trade is but one example).
SUPPORT 1: $0.90 USD
SUPPORT 2: $1 USD
RESISTANCE 1: $1.30 USD
RESISTANCE 2: $1.60 USD
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ALGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ALGO is sitting around a strong support in green so we will be looking for buy setups.
on H4: ALGO formed an ascending triangle in orange but it is not ready to go yet.
Before we buy, we want the bulls to take over.
Trigger => Waiting for a momentum candle close above the gray area to buy.
Meanwhile, until the buy is activated, ALGO would be overall bearish and still dive inside the support zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ALGO at long term support#ALGO/USDT
$ALGO is at long term support zone,
it can rise to resistance of $1.1168 that is around half of the bearish master candle, then drop another time to support zone.
holding support will head it up to resistance zone between $1.4 and $1.6
break down from support zone can drop price to $0.5 and $0.388.
ALGOUSD D2: 500%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)Why get subbed to me on Tradingview?
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ALGOUSD D2: 500%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ALGOUSD D2 chart review
::: chart looks good /strong
::: setup still valid as of right now
::: noteworthy compression in progress
::: expecting one final pullback soon
::: get ready to BUY LOW later
::: best reload bulls near 60C later
::: expecting 500% bull run
::: re-test of sliding S/R line
::: near 3.50 USD later
::: BULLS stay out be ready later
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +500% gains later
::: expecting decent gains soon
::: 30-45% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +500% gains / 3.60 USD
::: BEST reload BULLS near 60C
::: TP BULLS is 3.60 USD+ final exit
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
ALGO, pay attention to this key level!On the ALGO chart you can highlight the key level of $1. Now this level acts as resistance. The price has already tested this level several times, with each test the level is weakening. Therefore, in case of squeezing and breakout, there could be a good opportunity for buying.
But the whole market is in a downtrend right now, and many breakouts end up with a false breakout. Therefore, in case of a false breakout there might be a good opportunity to sell.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has lost its support which is now the resistance. It can make a pullback to the R1 line and then continue going down to S1. But if it breaks the R1, it will continue its bullish trend.
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
ALGOUSD | ALGOUSDT Short trade on harmonic patternThis is just ALGOUSD short trade taken on Phemex exchange with all Twitter link for personal trading journal but maybe someone will find this helpful.
Trade is taken when I saw ALGO reached bearish Gartley harmonic pattern PRZ and possible projected harmonic pattern.
After reached confluence of two bearish harmonic (Cypher and Anti Butterfly) I have ready short position with stop loss and targets based on bullish harmonic projection (I use also harmonic patterns for good place to take profit in stages). And always moving Stop on break even or in profit in stages.
Rest of full of this trade (I took 3 short and one long what is closed on break even, flipped to short) is on chart with all update I done on my Twitter.
Reminder to always give winning trade to run and losing trade cut when you see is going against your idea. Use Stop Loss and take profit in stages. Move Stop Loss according to your trading plan.
Algorand is going to shock the worldAlgorand is long overdue a real bullrun.
After completing an accumulation phase, followed by a distribution, followed by a reaccumulation phase, and a redistribution wyckoff event, what comes next is a complete mystery, but xrp skyrocketted after a similar pattern. That time xrp ballooned from half a cent to 45 cents by May of 2017. Recent glitches on tradingview show a sudden spike in total2 as the marketcap excluding Bitcoin takes on 3.5 to 4 trillion dollars first leg up, while btc.d drops to 17% another glitch, one of 7 in the last 2 years. XRP.D also temporarily hit 0.80%, it shows a very similar pattern to the start of 2017 which is very strange because Bitcoin dominance is also showing the same pattern as the end of November 2016. By now, it feels almost as if everyone gave up on Algorand because it didn't print any ROI since inception and listing price at 3.3 dollars. What if, just saying, what if, the real run is very near, April 1st most likely if not sooner. It feels like a 2016 end repeat. Be on the look out.