ALGOUSDT
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)Why get subbed to me on Tradingview?
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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.
Algo is Bullish to the bonesALGO IS SO BULLISH, it's forming not one falling wedge but two wedges (technically bullish patterns) 😀...No matter how you look at it it's bullish, with expectations to reach $2.80 min or $3.00 after the breakouts upwards.
Algorand has been on an uptrend lately and topped charts as the best performer coin multiple times. With the price climbing to heights not seen since early April, showing significant volatility over the last week. As a project algorand is very good and of course you can hold for long term. (better days are coming for sure)!
Good luck 🤞
Algorand's (ALGO) Bullish IndicatorsALGO or Algorand has one of the stronger looking charts in the crypto space
With it's recent ascent from $1ish to $2.50ish, ALGO is currently undergoing some price correction
What's nice about its ongoing correction is the Volume Contraction Pattern (VCP) on its daily volume, a bullish sign.
The previous resistance that it broke, $1.80 ish, is now acting as support as evidenced by candles bouncing from this level whenever it nears that price
Let's see how this will play out.
Good luck!
ALGO/USDT : Breaking out the trendline ! BINANCE:ALGOUSDT
Hello everyone 😃
#ALGO has formed a descending triangle, The movement is marking to be bearish by the current bearish trendline.
But there is an attempt to break above the trendline, Also after any correction to FIB's level; EMAs will support the movement and it should pullback from that points..
Have to mention that Volatility is being bullish too !
So there will be two bullish scenarios :
- Break above the trendline at current point and volatility cause another bounce by the bullish crossover
- Retest on lower EMAs and pullback from the support zones which has been merged with FIB's levels.
📚 Targets are mentioned on the chart, Potential +70% growth after a correction on FIB's levels !
🔴 We might face more FUD news as #BTC is approaching the 50K's resistance again, So manage your risks and don't engage more than 4% of your portfolio on ALTs.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades