ALGOUSDTPERP
ALGOUSDT (Waiting for the Resistance Breakout)ALGOUSDT (4H CHART) Technical Analysis Update
ALGO/USDT currently trading at $1.20
Buy-level: Above 1.21 (only if 4-hour candle closes above the resistance line at 1.21$)
Stop loss: below $0.89
Target 1: $1.50
Target 2: $1.77
Max Leverage: 2X
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
🆓Algorand/USDT Analysis (20/2) #ALGO $ALGOALGO is moving sideways around $1.4 zone and this zone is a good support zone that can help ALGO rally in the near term to $1.6 and $2.2 or higher.
If ALGO fails to hold $1.4 zone, $1.2 zone is still a good support zone of ALGO
📈BUY
-Buy: 1.35-1.4$. SL if B
📉SELL
-Sell: 1.6-1.65$. SL if A
-Sell: 2.2-2.3$. SL if A
♻️BACK-UP
-Buy: 1.175-1.225$. SL if B
❓Details
Condition A : "If 8H candle closes ABOVE this zone"
Condition B : "If 8H candle closes BELOW this zone"
ALGO 1D Support and Resistance Levels on the ChartAs you can see from the chart, the growth of the ALGO coin is supported by large volumes - this is a good sign.
On the other hand, the parabolic growth has almost become vertical, that is, the final upward spike is not far off.
As long as the price of ALGOUSDT is below $1.15 , it is more likely that the price will push below $0.85, and then will follow the arrows.
Fixing above $1.15 will give a chance to shoot the ALGOUSD price up to $1.50-1.55, and reach about half of 2019 absolute maximum.
_______________________________
Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
ALGOUSDT 1H long; Completing W-formation with bullish patternTA Explained
ALGO Completing the W-formation on bigger timeframe with a bullish continuation pattern at lower timeframe. trying to get in on the final dip within the falling wedge
Trade setup
Best entries: 0.4149 - 0.4303
TP1: 0.4548
TP2: 0.4806
TP3: 0.5107
SL: 0.3945
RR: 3.16
Max leverage: 3
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
✳️Algorand/USDT (10/12) View + Trading Plan #ALGO $ALGOTrading with ALGO at this moment is quite risky because we can't be sure of the next trend of ALGO. But I think ALGO will bounce back and conquer the 0.32-0.335$ zone to resume the uptrend. But if ALGO continues to decline, it will drop to the 0.26$ zone and possibly fall to the 0.22$ zone
📈BUY
-Buy: 0.32-0.0335$ if A. SL if B
📉SELL
-Sell: 0.4-0.42$ if B. SL if A
-Sell: 0.475-0.5$ if B. SL if A
-Sell: 0.57-0.6$ if B. SL if A
♻️BACK-UP
-Buy: 0.26-0.275$ if A. SL if B
-Sell: 0.26-0.275$ if B. SL if A
-Buy: 0.22-0.23$ if A. SL if B
-Sell: 0.22-0.23$ if B. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
ALGO testing a daily resistance 0.35$ zoneALGO is being rejected continuously at 0.35$ zone, the selling force has returned. This could start an upcoming downtrend for ALGO.
The heading targets are at 0.3$, 0.28$.
However, if ALGO conquers 0.35$ zone, it will continue to move up to the 0.5$ zone and up
📈 BUY only after break Resistance Area At 0.35$ (Better after retest it)
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Leave a comment , Let's make money together.
✳️Algorand/USDT (20/11) View + Trading Plan #ALGO $ALGOALGO just broke out of a Falling Wedge pattern and is ready to make a big move in the near term. The uptrend will be fully confirmed if ALGO can close a 1D candle above the 0.3$ zone.
📈BUY- LONG
-Buy close to 0.25-0.26$, SL if B
-Buy more: 0.3-0.315$ if A, SL if B
📉SELL-SHORT
-Sell: 0.4-0.42$, SL if A
-Sell: 0.5-0.525$, SL if A
-Sell: 0.6-0.63$, SL if A
♻️BACK-UP
-Sell close to 0.25-0.26$ if B, SL if A
-Buy: 0.2-0.21$ if A, SL if B
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Negating this VERY bearish pattern and reverse back up?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. You should always do your own due diligence before trading or investing.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Quick Money: Algo Long Trade 8% -18% Target With Tiny SLSymbol: ALGOUSD, ALGOUSDT, ALGOUSDTP
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern Expert
Timeframes: 1H -16H
Signal: Light Green -> Green
Context: Lime + Green
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.