ALGOUSDT.P trade ideas
Trading Idea 035: AlgorandMarket Conditions:
- bullish trend
- bullish sentiment in the market
Key Level and Lines:
- $0.2515 support
Trading Ideas:
- go long after consolidation above the support
- go short if the price moves below the support and there is bearish sentiment in the market.
The Ultimate Algorand (ALGO) Analysis - Bottom $0.1618On the 22nd June 2019, Algorand opened at a price of around $3.28 on Coinbase, and slightly higher on Binance.
Over the next few months, it dropped to around $0.1648 (maybe $0.1618 on some exchanges) and then $0.097 at the Covid crisis.
Before the 2021 bull run, in November, ALGO's Support level was around $0.2247 (Point X of the harmonic) before it began its ascend.
In early February of 2021, ALGO topped around $1.8427 (Point A of the harmonic)
This increase is by an exact amount of $1.618, the main number in the Fibonacci sequence.
Coincidence? I don't think so.
After it dropped to Point B of the harmonic, around $0.67, which is a very strong Support/Resistance level.
Notice the number - 0.67 is exactly 2/3 of 100.
If I multiply 0.6667 by 0.6667 I get 0.44444.
0.6667 - 0.44444 = 0.223, the EXACT NUMBER of Algorand's Support level before the bullrun.
OK, now this is getting crazy.
Algorand then increased by 161.8% (A-B) to create Point C (around 2.5589).
It then dropped to around $1.5144 - the 0.444 support level (which I have marked "S"). (Remember that 0.4444 number from earlier? Yeah.....)
The price was then manipulated up to around $2.99-$3.
This manipulation point is a whole new conversation involved with even more complex numbers and I think its best we avoid this in this argument, since it doesn't affect this current idea.
ANYWAY, if we ignore the manipulation which we usually do in these circumstances and create Point C as our harmonic level, we can see that BC is a +1.618% of AB.
Now if we draw a fib between ZERO and A we get 0.618 which is at point B
OR
if we draw a fib between $0.223 (Start of 2021 bull run) and $1.84 ish (Point A), we get the retracement value around 0.707 which is half of the value of 1.414, and 1.414 is the square root of 2.
So AB is (XA x half of the square root of 2) and the next move entails a 1.618 move of that figure.
Crazy maths...
Anyway, In a standard AB=CD HARMONIC PATTERN, we have 3 different variations, AB=CD, AB=CDx1.272 or AB=CDx1.618.
The most common one is 1.272, which is the square root of 1.618.
Now what happens if we measure BC x 1.272?
The answer is a price of ALGO of $0.1618.
As soon as I saw that it hit me.
That's the bottom.
$0.1618, the Fibonacci golden number will likely be the bottom of Algorand in this cycle.
So what is the profit target?
So I checked a few measurements.
I tried CD x 1.618 (if we hypothetically say that $0.1618 is the bottom of Algorand this cycle) and that gave me a figure of around $4.03.
I also did (All Time High minus All Time Low) x 1.272 (the square root of 1.618)
and that gave me a similar figure of around $4.03.
OH ALSO, one last thing...
Algorand is currently in a Bear Flag, the target is around $0.223-0.226 to Buy the bounce. It will go lower around Christmas time, but if you look at the 1.414 level (square root of 2) of the Bear Flag, it also reaches the same point around $0.1618!
ALGO/USDT Daily Bearish Orderblockthe price is near a very important daily bearish orderblock and the price can reverse from this area.
However, in important areas, always get approval according to your personal strategy before entering the trade
Longing ALGOUSDT 20xTaking a long, algo looking really bullish for the past week, In a hurry so not much TA Talk here
DYOR
ALGO SHORTIn daily time frame a weakness in moving toward the upper levels is obvious, so could have provided a short position
ALGOUSDT ready go growThe trendline has been respected, implying strong buying pressure. Perhaps we might be able to achieve an exponential growth in the coming days/weeks!
ALGOUSDT Short OpportunityRisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
Good luck!
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ALGOUSDT
In the current chart, R2 on the top is a resistance area which contains the unsuccessful attempts of price to rise. R1 used to be a support area. And S1 is our support area and obviously it shows the support of price at different points. Hence, the price was able to have a noticeable rise and now it is on the fall to S1. We will predict it to continue its decline and there by providing us some rising signs, an increase for the price to touch higher amounts is expected surely. Or even by receiving some confirmation candles for the purpose of a decline, more fall would take place for the price downward. If you are in favor of experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates; so follow us all the time.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ALGO/USDT 1h time frameI believe that the price will move up temporarily after swinging between the two specified order blocks
Note: Do not enter into this transaction without getting confirmation in the lower time frame
Divergence in the making??? I had a feeling that this pair is building a setup for a bullish divergence to "confirm" a bigger correction/REVERSAL upwards later..?
I base this on nothing elso kelso than an itch in the back of the brain that there is something missing,
A nice clear divergence in this section of the chart.
Overall building T. H. E. Bottom seems to be the name of the game yes.
So quite bullish feelings for the "longer? " run..
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ALGOUSDT
In the current chart, R2 on the top is a resistance area which contains the unsuccessful attempts of price to rise. R1 used to be a support area. And S1 is our support area and obviously it shows the support of price at different points. At the present, the price was able to have a noticeable rise and could break S1 upward and now it is fluctuating below R1 area. We will predict it to continue its decline toward S1 and there by providing us some rising signs, an increase for the price to touch higher amounts is expected. Or even by receiving some confirmation candles for the purpose of a decline, more fall would take place for the price downward. If you are in favor of experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates; so follow us all the time.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Algorand shortAlgorand is forming ascending wedge pattern. After the breakout through the lower boundary, bearish movement to support 0.208 level is expected to happen.
ALGO falling wedgeThis is a huge falling wedge that is pointing to a crazy support level.
We have a nice trade range on the daily chart. Imagine breaking the range down but finding support near that crazy support level.
If you want to buy a coin soon, ALGO might be a good choice. Buy the support level or the breakout. It doesn't really matter. Potential reward is crazy.
ALGOAlgo Channel To funnel setup. Ranges of diversions that could happen where reversals could initiate
AlgoUsdt Rdy for explodeAlgorand rdy for Explode
can got good profit be soon
algo can explode and going up
chat form is good and now rdy for good profit
GL
EntryPoint:
0.2380
0.2255
Supports:
0.2046
0.1890
0.1743
Resistance:
0.2818
Targets:
0.3363
0.4000
0.5137
0.7066
Midtime:
1.0591
1.3089
1.7703
HODL:
3.1250
GL
Algo Daily Cup and HandleAlgo looking bullish
Currently testing neckline
After breakout would expect some consolidation in 0.3 range to then open up further upside targets
GRI 2023
The future of algo...in weekly timeframe algousdt have two major resistance zone, first $0.28 and after that $0.31~$0.34.
if $0.20~$0.19 can hold price from downing, $0.55 and $0.67 are first bullish targets.
if $0.20~$0.19 unable to hold price, first target will be $0.0958 or lower...
ALGOUSDT...i hate U no more!BINANCE:ALGOUSDT
WHAT!?
did anyone take the entry signal of the previous post (link below)?
how much did u made?
are u gonna stick to the idea with me to 0.30$ or WHAT?
i need to know if u'r making money?!??!?!?!
Disclaimer: FUK off!
ALGOUSDT...i hate youBINANCE:ALGOUSDT
Although i hate this coin...the chart is very simple.
in the first rejection, i waited till breakout/confirmation and took a buy///sold the buy.
NOW, it tested the 0.26 and retraced till 0.612% fib, and now "it seems" or "it might" (for the bastard who wanna sue me) the next target will be 0.30
i hope yall don't make money out of it... MzrFkrz
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#STOP_BEING_POOR
ALGO big daily cup and handle!Here is a nice cup and handle that has formed over time and now we are at the point of a potential completion of the pattern and to breakout! Let's go ALGO!
