ALGOUSDT
ALGO- How our Levels worked During today's 'Storm'Massive dip today, probably well orchestrated too with billions of dollars lost in liquidations.
Let's take a step back and see how our levels works.
Look at our previous ideas below for comparison.
No love today,
the FXPROFESSOR
ALGOUSD second leg up I am looking at the marked area to get into the trade and achieve the marked targets
Symmetrical triangle in Algorand* Algorand in 3H time frame forms Symmetrical triangle.
* Symmetrical triangle occurs when the price consolidates between two trend-lines slightly sloping towards each other, the price is squeezed till it breaks the either side of the pattern.
* Here the Descending trend-line works as resistance and the ascending trend-line works as support.
* Breakout on the either side of the pattern will give a healthy move.
Algo USDT wait for it Im going to Publish ideas about trading based on my few years of experience. Trading is all about patience! Wait for it
ALGO about to pounceEvery 6 months, algo has new coin distribution to node operators. Every time this happens, algo pumps. Target is around $2
ALGOBTC Upward Breakout - UpdateThe breakout is done on ALGOBTC and we expect higher levels in the next weeks.
See also:
$ALGO/USDT LONG $ALGO/USDT
Direction: LONG📈
After destroying its previous targets, this killer gem is expected to not only break our previous mid term highs but reach new long term and potentially All-Time Highs🚀🚀
ENTRY: 1.05 - 1.14
OTE: 1.117
TARGETS
Short Term: 1.165 - 1.195 - 1.24 - 1.28 - 1.32
Mid Term: 1.38 - 1.46 - 1.58 - 1.72
ALGO's DECISION (2 WAVES)...!The Algorand has 2 decisions. We must see if it can break its dynamic trend resistance line or not. Stay tuned for more updates. Thanks
ALGOUSDT Is Ready to PumpAfter breakout event in ALGOBTC chart (please see the following link), it seems that ALGOUSDT is preparing to reach targets higher than $4 by the end of the year.
ALGOBTC Upward Breakout (Buy Signal)It seems that ALGOBTC chart is breaking out the triangle pattern from its top edge. If such a breakout gets fixed, it may be considered as BUY or LONG SIGNAL on ALGOBTC chart by the end of the year (please see my ALGOUSDT analysis too)
ALgorand Algo operates almost independently of the news except technology news
Because of its short lifespan, most of its owners are early buyers who bought only on the basis of the technologies it initially introduced, as a result other news such as summits or listing in exchanges or cooperation with governments for its owners aren't important or at least for them it was Predictable
A Reminiscent narrative to the 2022 historic AltseasonHow many people at the time would have predicted during the war(911)/recession(2008)/pandemic/depression(March2020) years that the 1920s would be one of the most innovative, prosperous periods our world had ever seen?
The 1920s ushered in the automobile, the airplane, the radio, the assembly line, the refrigerator, electric razor, washing machine, jukebox, television and more.
There was a massive stock market boom and explosion of spending by consumers the likes of which was unrivaled at the time. After the immense pressure of the Great War (Cold Wars, Middle East Wars, Civil Unrest), many people simply wanted to have fun and spend money.
I’m not trying to say our current situation is as bad as things were in the 1910s. What happened during that time frame is unthinkable compared to our current predicament.
But it’s encouraging to see what people have battled back from in the past. The fact that people were willing to shrug off such a debilitating period and turn it into one of the most optimistic decades our country has ever seen speaks volumes of our ability to continue moving forward.
Pessimism is a natural feeling when things are bleak but it never lasts.
Algorand is almost ready to flyYesterday is history, tomorrow is a mystery. If this plays out, we can expect to see the start of the long awaited Altcoin Season in September, a first wave peak around October 2nd and a peak of second wave around November 25th.
ALGO 90day outlookThis is looking like a positive bid for coming quarter. purple channel likely to break up and mark higher given how long this has been consolidating with the rest of the market and overal shift to bullish since the 20th of july.
Trading Disclaimer:
All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset.
All content presented is for entertainment and education.
No Financial Advice.
Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade.
Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance.
All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
ALGO GOOD NEWS COMING!!!Recently, I've got good news about Algo. It is technically in an appropriate position. And about fundamental, check here:https://coinmarketcal.com/en/event/programmable-liquidity-65946
ALGOUSDT forming falling wedge, watch the dip for best entry!buy now / near di end of falling wedge, SL and TP on chart.
enjoy :)
ALGO POISED FOR BULLISH MOVE?#ALGO looking naughty on the weekly timeframe, and currently approaching that key golden ratio on the fib retracement from the ATH set earlier this year!
