Algo in a congesting rangeAfter the high above 2.5 from 13 September, AlgoUsd has started to correct lower and now is trading in a congesting range resembling a symmetrical triangle.
Levels to watch are 1.9 zone, with a break here exposing 2.5 high and 1.68 for a bearish move with a target at 1.25 support
ALGOUSDT
ALGO can Increase soon!Hi every one
ALGORAND / TETHERUS
ALGO has formed a Bullish Flag pattern. This Bullish Pattern Is Gonna Increase the Price soon, But The break out has not happened yet so we must wait or enter with caution. There are also Hidden Bullish Divergences on Both MACD and RSI Indicators. Since The Indicators Show the Future of the Market, We can be more sure about The Incoming Bullish Movement! The Price can Increase as much as the Flag Pole.
Summery:
-ALGO is in a bullish Flag.
-(+HD) on Both MACD and RSI
-The Price can increase as much as the Flag Pole.
-No break out , no confirmations!
💎Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
Bullish Stance on ALGO (Algorand)Despite all the China FUD, ALGO or Algorand has held up pretty strong.
Bullish Indicators in favor of ALGO:
Volume Contraction Pattern
MACD Positive (despite the recent crypto sell off)
50 DAY EMA as support
Relative Strength vs the entire crypto market
Stochs at Oversold levels
Strategy:
Buy below $2.00
Cut price $1.40
There might be more upcoming consolidation but ALGO looks really good for the long side
This is my favorite cryptocurrency as of the moment as the market looks to bounce from its recent slump.
Good luck!
Algo is ready to launch!We remember that ALGO pumped for like 120% and I was ambushed for a pullback and a good entry point. here you are:
.
-Wonderful resistance at around 1.71$. you see how man times price reacted to this line!
-We are on fib retracement 50% resistance!
-We had a false breakout and a nice rejection
-On the weekly chart we see strong momentum
.
So, we can enter here with a small SL and huge TP like 38%
God bless you and me
ALGO AnalysisHello friends
ALGO looks very interesting. he broke the trendline and now testing it. so it is very possible that ALGO go for the yellow lines!
but be careful cuz its maybe a false breakout and continue his way down to create head and shoulders pattern
This is my though so before any trade do your own analysis
GOOD LUCK!!!
ALGORAND, FULL ANALYSIS...!As you can see on the chart above, we had a strong resistance broken out.
Also, the price has gone over the Ichimoku cloud and that's a great signal to go on...
But the important is that we need another breakout to see a good rise of Algo...
So, I think the best entry point can be about 2.04, Be patient for upcoming signals.
Thanks... (>_-)
Be ready for the crucial pointFrom above or below?
It all depends on the total market and bitcoin
Get out of the range of suffering and pullback to it
1 If he wants to enter the range of suffering again, we have a fast and good ascent ahead
2 If two to three candlesticks fall to the same level, we expect a good fall
1 or 2 ???
Also pay attention to the sensitive point of the RSI
If stabilize at the top of line 54, it is a sign of ascent, and if it descends from there, it is a sign of descent
Line 54 has always been crucial for ALGO
ALGOUSDT 1H, READY TO BLOW AGAINAlgorand is on the move.
Good Bounce off 100EMA.
Consolidation near visible resistance, with more bulls we cab break and head for next resistance up ahead.
This is a LONG buy trade idea.
Double bottom confirmed trend to ascend.
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ALGOUSD D1: PRICE/ RSI DIV WARNING / 75% correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
NOT a setup to SHORT ALGOUSD. Just showing
signs of weakness and recommend to stay out
of this market into the pullback.
🔸 Summary and potential trade setup
::: ALGOUSD daily chart review
::: not a great looking chart
::: hit top / resistance of the bullish channel
::: also noteworthy divergence
::: price/ RSI div very clear on D1/H8 TF
::: expecting correction/pullback mode
::: pullback required to attract
::: new buyers from the lows
::: 60-70% pullback possible next
::: 6-10 weeks in Q3/Q4 2021
::: right now limited upside
::: positions traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don't get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: SHORT SELL RIPS/RALLIED
::: TP BEARS is +75% gains
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION
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.
Sometimes you get poop on your dickAlgo will be alright, just adding comedy since my projection was wrong. This might be the dip to buy, it hit my buy dip target of 1.60 earlier today. It could bleed more so i am watching it throughout today and the beginning of the week here. Everything is red today, so just be patient and DCA when you think its time.
ALGO is a buyI am buying the dip since this morning with only 30% with idea of adding more once bottoming is confirmed.
All eyes on SPY, nothing else matter. If SPY dip is bought, everything else will be bought.
Right now, SPY broke an important trend line so very cautious going forward but also letting my FOMO make some of the decisions.
I do like ALGO here though as long as i get my bottoming confirmation.