ALGOUSDT trade ideas
ALGOIdea: the price is again trying to break through the $0.4 resistance level. The price is in an overbought state, a lot of bearish signals have been formed, therefore, a price correction to a strong clothing level is inevitable.
I spy with my little eye, something beginning with the letter AThis is a very contrarian take because on one hand we have 14 root causes for inflation:
1. Unlimited economic growth triggers Natural resource depletion since 2014
2. Expanding middle class in emerging economies since Brexit and Trump
3. Populism, polarization and uncertainty
4. The Great Reset (COV-ID-19)
5. The Federal Reserve printing
6. Insider Trading
7. Systemic devaluation of local currencies in emerging economies
8. China's zero covid triggers Inflationary Supply Chain Shocks
9. Russia and Ukraine war
10. Gas crisis in Europe
11. Evergrande's Real state collapse
12. Volatility & Bankruptcy: Credit Suisse & Deutsche Bank
13. Economic Trade Wars and World War 3 forsee a total collapse
14. Extreme weather triggers Water Scarcity
And on the other hand we have:
1. High Employment rate and Job offers booming
2. Putin losing the war and could suddenly withdraw
3. Japan Intervention
4. UK's prime minister Liz Truss quit
5. Saudi Arabia is Interested in Joining the BRICS
6. Mainstream Propaganda is being excessively negative lately
7. We're probably not at the end of a big 100 year cycle but probably back to the 80s
8. Latinamerica flipping left wing except Uruguay
9. Big demographic change means big wealth transfer from baby boomers retiring to millenials
10. Crypto market maturing still pending Ripple's lawsuit resolution
11. Japanese intervention
12. Countries deglobalizing
There are many paralels that pinpoint to 3 historic macroeconomic moments in history
1. The Great Inflation between 1962 (Cuban Missile Crisis, gold run of the 70s, end of gold standard) and 1980s (end of cold war) + (highest point of dxy in history) + (recession)
2. Another dotcom bubble brewing trigering a burst by a false flag attack like 911, (think 1997, think a president dies, think a small nuclear blast is detonated)
3. The roaring 20s after a war in the middle east (similar to WW1), followed by a pandemic (think 2020), followed by a recession (probably already priced in), followed by a period of hyperinflation in 23, followed by an explosive roaring 20s preceding a great depression anywhere between 2026 and 2029 before a welcome to 2030 wef scenario.
All three scenarios have one goal in common, to introduce digital currencies this decade while gradually outlawing cash by 2030.
We see countries already introducing x-road models, legal frameworks, aligning transportation and many other sectors to a digital biometric ID, while testing covid blockchain passports, and at the same time we've witnessed under the radar blockchain companies slowly building up partnerships and laying low for now. OMFIF was very revealing, so were a few banks that decided to partner with Ripple, now it's a waiting game.
What will the future hold, will Saudi Arabia trigger a dollar collapse? Will Crypto get regulated? Will promising projects survive? Will Algorand become the Naga 2.0, or will it finally catch up to other alts that had a run in the last 2 years?
A lot of uncertainty and fear still remains, but a contrarian suprise move could leave 2018 enthusiasts and doomsayers behind.
Too soon to tell, but be on the lookout, this could be a 1997 scenario.
ALGO READY FOR EXPANSION?PAY ATTENTION....
If we can break and hold above 0.3830 then we target 0.54
ALGO | Falling Wedge Breakout..!!
#ALGO Falling Wedge Breakout Confirmed in Weekly Chart.
Looks Solid for Midterm, 3-4x Profit Potential.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
ALGO 4HJust tryin my long from 0.31 support lvl and lookin if this will reach any targets above. Would be nice to reach at least 0.36
ALGOUSDT | CRITICAL ZONEALGOUSDT has been trading in bullish channel . The price is trading at an important level where a breakout or break below can happen.
If the price is successfully managed to break above the level we have an excellent upside target with minimized risk. However, the break below will carry the bearish parallel channel .
ALGOUSD ❕ correctionALGO and RSI formed a bearish divergence confirmed by trading volumes (4H and 30m TFs)
BB indicator indicates overbought (4H and 30m TFs)
I expect decrease after of the price fixing under the support level.
ALGOUSDT, YOU DECIDE WE REACT Hello Traders and everyone, HADI IS HERE
If you like the idea, do not forget to support with a like and follow.
ALGOUSDT, as we can see from daily time frame price is clearly overall bearish making clean lower lows and lower highs
however, On H4 time frame we are now trading inside this range and around a massive support zone where we will be searching for buy setups
On another hand price broke above this major swing high and traded higher from a short term perspective
For a medium term perspective and for the bulls to kick in we need a break above this major swing high and the range to say "yes" now bulls are in full control
until that price can still dive inside the support zone around the lower bound of the range before a full reversal
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
SHORT ALGO / QUICK SCALPALGO seems to be running out of steam and there is a good chance it will go down 1-2% . Don't follow me , I'm stupid !
ALGOUSDT wants to retest the dynamic supportThe price had a nice bullish impulse form the 0.29$ demand zone.
Now the price is testing the 0.382 Fibonacci resistance level on the daily structure.
How to approach it?
The price could retest the dynamic support before new bullish impulse
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
ALG Either Orlooking to get back into ALG, I've just took profits from a short and I want to get back in at the same price 3% 20X
Looking for a LONG position if we manage to break the resistanceIt's hard to consider this as a Cup & Handle pattern, but as we can see this is a major resistance and expecting more upwards if we manage to breakout the structure. Waiting for a 3 hour green candle close above the area. A huge rejection from the area will be a invalidation of the setup.
1st target will be 0.3977
DYOR and Analysis. Not a financial advice.
Happy trading. Follow for more analysis.
ALGORAND - FIFA WORLD CUP ⚽️🏆Just an updated chart and renewed interest in previous idea :
We live in the age of marketing amongst other things... including Blockchain.
I like to buy the news at the right level, based on my chart. ALGORAND chart today looks like this could be the time. After all i was short when most were buying those Fifa news earlier than they should had:
ALGORAND - 0,519 is MAJOR Resistance
FIFA WORLD CUP:
As you probably already know FIFA has teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal.
The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. As per the sponsorship agreement, Algorand will be a FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor.
Blockchains allow non-editable data to be permanently recorded and distributed on digital networks, while also facilitating innovations and ensuring safe, untampered exchange of value and assets such as non-fungible tokens (NFTs), and through blockchain-enabled wallets holding digital assets.
As part of the agreement, Algorand will also assist FIFA in further developing its digital assets strategy, while FIFA will provide sponsorship assets including advertising, media exposure and promotional opportunities.
On the occasion of the announcement, FIFA President Gianni Infantino said: “We are delighted to announce this partnership with Algorand. The collaboration is a clear indication of FIFA’s commitment to continually seeking innovative channels for sustainable revenue growth for further reinvestment back into football ensuring transparency to our stakeholders and world-wide football fans – a key element of our Vision to make football truly global. I look forward to a long and fruitful partnership with Algorand.”
Take it easy but watch out for the potential breakout.
One Love,
The FXPROFESSOR
PS. Don't forget about this:
ALGORAND- Dancing with El Salvador 🕺
and also remember to always take profit on time...
One Love,
The FXPROFESSOR
ALGO BULL RUNHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions and suggestions. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please adhere to good risk management. Also like, follow and cheer, thank you....
ALGO Either OrAs usual, Long and Short from respected areas hopefully one of these will execute in a week or two
ALGO Technical and FundamentalAlgo has been oscillating in a channel for a while now. The price action has hit and reversed from the support level 5-6 times.
In the short term I project it will go till the channel resistance of $0.4.
But, Algo is the blockchain partner of Fifa world cup, which is starting from 20th November. My prediction is that it will skyrocket from that point onwards considering we haven't seen any huge pump from Algo since after the market crash.
AlgousdtAnother coin to keep an eye on is Algo . Massive OBV divergence . Currently at cumulation zone anything bewtween this and 0.35 could be a nice entry opportunity . We saw btc finally moved , and the market showing signs of life . we could be near the end of the bear market . so I think it’s a good idea to start thinking about opening positions
The best day to buy Algorand, 2016 repeat, end of altbear marketNotice the repeating pattern from March 29th Midnight GMT. This is the bottom. Alt season is about to start as Bitcoin Dominance plummets. Ripple and Institutional Blockchains like Algorand and Vechain are about to take over the space.
This is it, the great reset is set to start as early as March of 2021. Check IMF reports, a massive Gold sell off is coming.
