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ALGBTC trade ideas

Algorand (ALGO) Correction Is Over, Going Back Up!We have multiple signals that are telling us that this correction that ALGOBTC has been going through is now over. 1) We can see prices bouncing right at the 0.786 Fib. retracement level relative to the last bullish wave. 2) We have really high volume on today's candle which... 3) Is now trading above EMA10 all the way to EMA200. 4) This Is supported by a strong RSI (above 50). 5) It is moving up today as Bitcoin drops. The altcoins are growing and continue to grow, this time around even while Bitcoin enters correction mode. Enjoy the profits. Additional details on the chart. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
4
ALGO-BTCGreetings, I want to warn you right away that trading bitcoin now has a higher risk and is suitable for more experienced traders. As bitcoin price has its own volatility, and as you know with sharp movements whether it is rise or fall, alts in 90% of cases are falling down. So if you have little experience trade better to the dollar. The coin is available for trading to USDT on binance, OKEX and other exchanges. You can read my past ideas for this coin below, in the attached ideas. After the rise at the beginning of the year ALGO corrected 55% or 0.786 Fibonacci, and I think it is ready to go further and below I will give some arguments why I think so. The coin is in sideways movement, a horizontal channel has formed, sometimes broken both up and down, but the outlines of the channel can be defined quite clearly. At the moment, the price has approached its lower boundary. If it is broken down and secured inside the channel, it is very likely that the price will test its upper boundary at around 75% of the potential for a move. Fractal All trading is based on probability of price movement in the past and forecast of price movement repetition in the future. Found an interesting situation on the chart, with a possible fractal now possibly forming on the chart. The price moved on a downward arc, then the accumulation, only in the first case the accumulation was horizontal, in the second case it was inclined upwards, then the fall and pullback, in the first case it was about 45% now about 55%. Also we can see a stop pullout in the first case before the continuation of growth, now we can also see the same short squeeze. After the pullback - continuation of growth, and formation of diverging triangle/ wedge, and completion of the bowl formation. In the past, the price stopped at 5700 satoshi, thus forming Lower High from the last price peak, through them we will draw a trend line, which will be a resistance for the upside movement, near which we are likely to see a pro-trading (short-term sideways trend). A breakout and consolidation above the trend line will be an optimistic signal for continuation of growth. With this development on the chart, the potential for a price move through the levels. If the bowl pattern is formed this time, the potential for it to work out at around 400%, from the neckline, which means a price of a fantastic 30,000 satoshi. But let's act like professionals and take profits without waiting for "to the moon" Always use stop loss and don't use trading leverage higher than x3. A trader should always have tomorrow. If this information is useful, please like and subscribe, so as not to miss anything.
by Kirill_Gaitan
1
$ALGO/BTC 2D (Binance Spot) Ascending channel on supportAlgorand seems to have retraced enough from last spike, I think It's time to enter a swing! Current Price= 0.00001943 Buy Entry= 0.00001956 - 0.00001818 Take Profit= 0.00002618 | 0.00003956 | 0.00004992 Stop Loss= 0.00001399 Risk/Reward= 1:1.5 | 1:4.24 | 1:6.36 Expected Profit= +38.74% | +109.64% | +164.55% Possible Loss= -25.86% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 3 months
Long
by TradingOn
190% for ALGO mappedYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) IF U HAVE ANY QUESTION REACH ME HERE This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY! ********************************************CHECK MY LATEST ANALYSIS DOWN BELOW********************************************
Long
by SvarogPerun
3
ALGO - K.I.S.S method -LONGThe KISS method (Keep It Simple Stupid) uses a maximum of 3 tools but I try to keep it limited to 1-2. Algo recently broke out and has completed retracement, RSI pointing to more upside now. I love this project for the long term and will use the pullbacks to accumulate as much as possible. Entry- 2100 sats PT 1 3800 sats pt 2 4800 sats Again, new to posting my ideas so please leave a like and comment! (As always this is not financial advice, I am poor and you will be too if you listen t😉 me)
Long
by HowDoIHodl
1
ALGO slowly going upYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY! If u like the analysis, please feel free to ask any question about this TA or crypto or any coin - leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
Long
by SvarogPerun
4
ALGO long termYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :) This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY! If u like the analysis, please feel free to ask any question about this TA or crypto or any coin - leave a comment or like or share the idea, i really appreciate it because then my work makes sense :) thanks!
Long
by SvarogPerun
1
ALGO = great opportunityThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY! If u like the analysis, please leave a comment or like, i really appreciate it because then my work makes sense :) thanks!
Long
by SvarogPerun
1