ALGOusdtALGO buy set up.
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ALGOUSDT trade ideas
My Algorand Bull ThesisBullish RSI Divergence: since June 23rd, about 70 days the RSI has been gaining strength since a mayor sell off, while the price continues to decline. Divergence also showing up on 4hr, 1hr.
In my humble analysis I would argue Algorand is severely oversold at this point.
New All Time Low: Price is currently 0.0971
Major Falling Wedge!
Down about -45% in last 100 days.
Down roughly -96% since start of bear market
200-Day Moving Average 0.17
Before The bear market started Algo was trading around 2 dollars, respectively. If crypto currency markets reach previous all time highs which is likely to happen one day, that's about 2,200% gain.
ALGO/USDT Potential start of Downfall! Hey traders ๐
Let's take a peek at ALGO coin where we see a nice rejection to take place on current resistance zone. We are keeping an eye on this one for sure! What do you think of this guys? Will we continue to follow the path of rejection?
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Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
ALGO/USDT where now? Hey traders ๐
Let's get ready for upcoming week with ALGO coin as a starter of the day. Well from last time we had a nice 6% of movement here but now price seems to struggle to show a strong breakdown and rather is going for some bullish movement here! We have displayed all zones we are watching on this one so what do you think guys, which way from here?
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
ALGO FORMING BULLISH PATTERN ๐คโ๐คโ๐คโHi dear traders
As you saw in previous analysis we got full profit.
Now the price has formed bullish pattern.
If pattern confirmed we can open long position with suitable R/R.
Let's see what happens
All targets specified
This is not financial advice ( DYOR )
Good luck.
ALGO 60% pump incoming ๐๐ฆ๐ #dyor
๐ฐ Position size :: 1%
๐ฑ Leverage :: cross โ 2-5x
๐ช EURONEXT:ALGO -USDT ๐
#futuretrade :: โ๏ธ ......๐ด
#BUY :: $0.105 - $0.112 ( split % ๐ฐ )
๐ฏ
:: $0.1222
:: $0.1387
::$0.1874
Stop ๐ lose #SL :: $0.1 ๐
๐ ( complete day below )
๐ always move stop lose #sl
when target get reached ๐
#risk :: High ๐ฅ#scalping
#explanation ๐
Max showing bearish ๐ but ๐ซ
Day chart ๐ looking bullish so risky ๐
ALGO: Appears to be Working on Simple Rally in Phase BHi Everyone! This is a potential Simple Rally event in Phase B of a Wyckoff Method 2.0 Accumulation Schematic we could be working on for ALGO.
Near Term Group of time frames with focus on PARXCES indicator:
Short Term Group of time frames with focus on PARXCES indicator:
Algo Buy ShotHello Traders!
Welcome back to another trade analysis with analyst Aadil1000x.
Today we are Buying Algo as the market is turning bullish for ALGO.
ALGO Buy now @ 0.1124
Stoploss 0.1090(-2.9%)
Target 1, 0.1154(+2.74%)
Final Target 0.1196(+6.5%)
Our strategy for trading involves utilizing the Breakout method and incorporating several Indicators to guide our decision-making.
Tolls/Indicators that we are using.
>Directional
Trendline
>Entry
SMA 6 vs EMA 6 Cross, RSI(11 RSI length above 6 MA), Green Bullish candle in 4hr.
>Strength
Volume Indicator
>Exit/Target strategy
A1000x TR point Strategy
>On Impact
LaRSI
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update ALGO
I'm doing some tests with a new indicator.
In the case of this asset, we may be at a local top at 0.11 and a bottom close to 0.09, let's follow, I'm testing the new indicator that I developed within the global markets index and I've been getting many positive results.
Follow me and share with a friend to encourage me to make the bookmark available to you in the future.
ALGO/USDT Ready to Upward Movement?? Algorand Today Analysis Ladies and Gentlemen of ParadiseClub, gear up for the forthcoming gems!
๐ALGO has broken its prior pattern and is now retesting the resistance trendline.
๐We're keenly observing its approach to the demand zone. Should ALGO exhibit a bounce or face rejection within this area, we can anticipate a bullish trajectory,
๐ targeting the next supply point at 0.1265 and a formidable resistance at 0.1387.
๐However, be cautious: if ALGO closes below 0.1046 on a daily scale, our bullish outlook would be invalidated. Stay alert and trade safe! ๐ด
ALGOUSDT time to fly?ALGOUSDT is currently testing the $0.11 area, which could be a significant price level based on historical price action. Additionally, the price is contained within a Falling Wedge pattern. Falling Wedges are bullish reversal patterns characterized by converging trendlines, with the upper trendline sloping downward more gently than the lower trendline. These patterns often indicate a potential bullish breakout.
Breakout Signal: You've indicated that a breakout above the $0.11 level is considered a trigger for a new long position. A breakout occurs when the price convincingly moves above a key resistance level, suggesting a potential shift in market sentiment from bearish to bullish.
New Long Position: In accordance with your analysis, a "new long" position would involve buying ALGOUSDT with the expectation that its price will rise after the breakout. This aligns with the potential bullish momentum indicated by the Falling Wedge pattern.
โโโโโ
Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ Black structure -> <= 1h structure.
Follow the Shrimp ๐ฆ