ALGO/USDTBuying ALGO here ,
Breakout & retest is done on daily time frame.
Targets on chart.
NOT FINANCIAL ADVICE.
ALGOUSDT
ALGOUSDTALGOUSDT
Wait for retest in yellow area, target for day trading in fibo 0.5. Setup failed if price lower than yellow area.
ALGO STANDS STRONGAlgorand was showing the strongest type of structure prior to the sell-off in crypto throughout todays Asian-Session.
Considering this neutral pennant has held, and that price does not fall below 1st support at 1.70 USD then ALGO looks clear to re-test the top of the wedge around 2.30USD, 2nd Resistance.
Bitcoin must hold above 60K USD for this trade idea to stay valid, should BTC/USD fail to do so then new lows are inbound on ALGO around 1.55USD
1ST SUPPORT: 1.70 USD
2ND SUPPORT: 1.55 USD
1ST RESISTANCE 2.00 USD
2ND RESISTANCE 2.30 USD
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ALGOUSDT 15Min Long (2x 5% profit)ALGORAND price breaks the dynamic resistance , arrow shows the target
first target is $2
second target $2.12
this is not a signal be carefull
if you know what you do SL is ($1.9383)
Godbless
ALGO - Trade This Channel!Algo has been within a channel since the start of October and every time it reaches either extremes of the channel, we get a really nice reaction.
We are looking for a similar reaction this time round.
Trade Idea:
- Watch for price to come back to the channel support and show bullish momentum
- Enter with stops below the channel
- Target the recent highs as first target and channel resistance for second targets
Algorand (ALGO) - November 15Hello?
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(ALGOUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.76754798 point: uptrend expected to continue
(1D chart)
First resistance section: near point 2.30117362
Second resistance section: 2.84473154-3.02591751
Support section: 1.57642973-1.75761570
We need to see if we can sustain the price above the 1.90329264-1.97455023 segment.
If it goes down, you should check to see if you find support in the support zone.
If the price holds above the 1.90329264-1.97455023 range, I would expect a move to move above the first resistance level.
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(ALGOBTC 1W chart)
4309 Satoshi-6469 Satoshi section or more: Expected to create a new wave.
Above the 2886 Satoshi point: Expected to turn to an uptrend.
Currently, it is forming a box section below the 4309 Satoshi point and walking sideways.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Since it is not publicly available, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying the 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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Long AlgoUSDTLong AlgoUSDT
I entered this trade this morning at 2.05. We broke out of this consolidation zone that started in September and we are now retesting this breakout
1st target 2.28 zone
2nd target 2.46 zone
Invalidation day close below 1.80
ALGOUSDT (Algorand) - Coin of the WeekAlgorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust. The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token.
Technically, for this coin we see 2 major scenarios playing out right now. The first one is a retracement to the blue channel low and then a continuation to the upside and the second one is a break of the channel with a consolidation below and a move to the downside that will reach at least the first support area marked on the chart at 1.2 USDT.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
ALGO cup and handle and trend lines#ALGOUSDT
$ALGO shaped cup and handle pattern that the targets is around $3.
there are trend lines that price is trading below a line, breaking out from the current line will lead price to $3 in mid term.
but if price stay below this ascending line, possible to drop to support zone and even lower.
ALGOUSDT TECHNICAL ANALYSIS 13112021What Are Fibonacci Retracement Levels?
Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They stem from Fibonacci’s sequence, a mathematical formula that originated in the 13th century.
Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used.
from investopedia.
No investment advice...
ALGOusdt The Cup and Handle pattern is a bullish continuation pattern that resembles a cup on a candlestick chart. The cup part of the pattern is when the price gradually changes its direction from bearish to bullish, intuitively speaking, investors get hope for the performance of the security. A handle is when the price retraces slightly before it rises sharply and resumes the previous trend.
The profit target is determined by measuring the distance between the bottom of the cup and the breakout level of the pattern and increasing that distance up from the breakout point. The first target is shown in the graph. Further goals are to overcome and set a new maximum.
Control your risks and good luck to everyone.
ALGO/USDTAlgo is likely to bounce here and continue to uptrend, failing to bounce means it will retest the below box but if you are a spot trader you don't have to worry but as a futures trader, I really don't wait for targets before I take profit or close a trade.
Algo to 3+
NFA
Good luck.
ALGO going for ATH??If ALGO finally breaks its resistance at $2.26 we are probably going to see ALGO at its ATH again. But if it gets rejected again we're going to have a triple top and in result of that ALGO will fall to about $1.90 or below. Just keep an eye on ALGO!!!!!
algo usdtit is my idea about Algo. what do you think about that?
I choose LONG TRADE. but you can wait for best price for buy it.
I will also wait until November 29th. I got November 29 with Fibonacci Time.
Algorand (Breakout)Algorand has finally broken out of the sideways trading it's been tracking on.
Algo is now tracking on an ascending channel, leading back to $2.39.
Price $2.49-$2.60 within range by Mid-December.
Algorand is also trading nicely within the top bounders of a Fibonacci retracement pattern at the moment.
support at $1.94-$2.00.
related published ALGO idea linked below:
#AlgoUSDT. We'll wait until the RSI triangle breaks from above.it seems ALGO wants to reach the first target based on Fibonacci.
but we'll wait until the RSI triangle breaks from above, after that we open a long position.
The purple line is Fibonacci extension Target.🟣
Red lines are support and resistance level.🔴
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enjoy it.
