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ALGOUSDT

ALGOUSDT - Good timing to break out this big Triangle!BYBIT:ALGOUSDT 4H trend chart - ALGO has kept consolidating as a triangle formation for a while. There were many times fake out and needed to modify the upper downtrend line. Now it just broke it out in 1H chart, and we should notice the closure of 4H candle is firm or not. So if price can be confirmed of breaking out this triangle, trading strategy as below. - Profit Targets: a) 1.8925----Fib(1) b) 1.9708~2.0025----Fib(1.272~1.382) c) 2.0704-----Fib(1.618) Stop losses: a) 1.7730-----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
ALGO USDT analysisHello Trader, Please look at the video. ALGO is on down trend and as per this analysis this will be continued to lower price as of the current date and time of publishing this idea. RSI is low at 27, current price is ~1.63 1- First target is 1.56 2- The second is 1.49 3- Very ow possible third target is 1.21 --- Some advices This is not a financial advice Open trade at your own risk Never invest beyond 10% of your portfolio Never ever forget to have the stop-loss(1/2.5 R/R and more is better)
Short
by Ety_Ethan
ALGO USDT on the 1 Hr LongI have a 4 hr chart on this as well.... its cleaner...1 hour prints a few more notifications from the script Looking for a new entry into ALGO/USDT Based on my prior chart I went long at 1.59 and took profit on the break out around 2 dollars… Now I see the pattern repeating its self. Here is a 4 hour view and I will add a 1 hour view as well that give more oracle prints. Ideally I will look for a number of Buy and Pump incoming notifications to print to decide my entry 1.71 1.63 1.56 are the main local areas that I could see support holding Still debating on laddering my positions in or just waiting for more information to become clear. With a sell between 2.23 and 2.37 based on resistance points from the one hour chart.
Long
by BlockchainBreakdown
ALGO//USDT to continue pump with holding support - Next PartLooking for a new entry into ALGO/USDT Based on my prior chart I went long at 1.59 and took profit on the break out around 2 dollars… Now I see the pattern repeating its self. Here is a 4 hour view and I will add a 1 hour view as well that give more oracle prints. Ideally I will look for a number of Buy and Pump incoming notifications to print to decide my entry 1.71 1.63 1.56 are the main local areas that I could see support holding Still debating on laddering my positions in or just waiting for more information to become clear. With a sell between 2.23 and 2.37 based on resistance points from the one hour chart.
Long
by BlockchainBreakdown
Algorand (ALGO) - October 10Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ALGOUSD 1W Chart) - Medium to Long-Term Perspective Above 0.76754798 point: uptrend expected to continue (1D chart) First resistance section: 2.11836146-2.25112275 Second resistance section: near 2.51664536 First support section: near point 1.72007755 Second support section: 1.18903235-1.32179365 If the price is maintained in the range of 1.72007755-2.11836146, the uptrend is expected to continue. However, it is recommended to maintain the price beyond the psychological support and resistance zone formed in the 1.90329264-1.97455023 zone. The first resistance section is an important section that determines the trend. So, if it rises to the first resistance zone, you need to check whether the price holds. If you fall from the first support, you can touch the second support, so you need a short stop loss. ------------------------------------------ (ALGOBTC 1W Chart) - Mid/long-term perspective Bottom sideways section: 1970 Satoshi-4309 Satoshi section 6469 Satoshi point or higher: Expected to create a new wave. (1D chart) First resistance section: near the 4309 Satoshi point Second resistance section: near the 6469 Satoshi point Support section: 2452 Satoshi-2886 Satoshi section ------------------------------------------ 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. ------------------------------------------------------------ ----------------------------------------------------- ** 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. (Because it is not public, 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 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.)
BINANCE:ALGOUSD
by readCrypto
ALGO might be into a triangleThis shaping up might be a triangle! I cannot be sure yet considering that it's just beginning to shape and also because, it'd have a very tighten form compared with the prior one, however it might be. If I'm right this pattern will take until the end of november to form completely. Off course, in most cases, price don't fill the patterns completely so, a prossible breakout will occur before the end. Let's say that around 20th of November the breakout can happen. However I expect a change in shape, probably an extension because this just look too short. If the chart will mimic prior one then price will take a dip to surge in 2022 (Jan to Feb). If ALGO will be positively influenced by altcoin season bullish wave I think a 40-50% increase is to be expected. At the moment I don't feel like saying more because chart isn't showing too much. At least not much interesting. Anyway at daily and at 4h EMA 200 is under the price which is a good sign!
by Shotokhan
Reiterating Bullish Call on Algo (Algorand)Crypto space is starting to go bonkers and with this happening, it's wise to choose the strongest one In my opinion, it's ALGO or Algorand. Been watching this crypto for almost a month now and here's what I like about it: *ALGO corrected and stabilized on the 50 Day MA while ETH and BTC on the 100 DAY MA, a sign of relative strength *MACD Cross up, MACD + *Area Pattern: Falling Wedge, a Bullish one *Histogram soon to be on the positive side - a sign that downward momentum is about to reverse direction *Area Pattern breakout retest, now acting as support ($1.80 level) *Volume Contraction Pattern With all this plus the bullish environment, it's tough to say no to ALGO. Let's go! For my entry strategy, check link below Good luck!
COINBASE:ALGOUSDLong
by kevvela
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