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ALGUSD trade ideas

ALGOUSD D1: PRICE/ RSI DIV WARNING / 75% correction(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! ALGOUSD D1: PRICE/ RSI DIV WARNING / 75% correction(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. NOT a setup to SHORT ALGOUSD. Just showing signs of weakness and recommend to stay out of this market into the pullback. 🔸 Summary and potential trade setup ::: ALGOUSD daily chart review ::: not a great looking chart ::: hit top / resistance of the bullish channel ::: also noteworthy divergence ::: price/ RSI div very clear on D1/H8 TF ::: expecting correction/pullback mode ::: pullback required to attract ::: new buyers from the lows ::: 60-70% pullback possible next ::: 6-10 weeks in Q3/Q4 2021 ::: right now limited upside ::: positions traders should wait for ::: better entry prices later after ::: correction MODE up next ::: be careful don't get caught up in this ::: also overextended right now ::: BULLS remain on sidelines and ::: be ready to BUY LOW later ::: recommended strategy: SHORT SELL RIPS/RALLIED ::: TP BEARS is +75% gains ::: BULLS stay out until correction is over ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: BEARS/CORRECTION RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
COINBASE:ALGOUSDShort
by ProjectSyndicate
20
Algorand ALGUSD - Awaiting volume crossoverHello Traders. Good bullish daily candlestick pattern. We have a very strong bullish segment. We know it is very strong because the long volume of the accelerated volume indicator, the green line (bullish volume is very strong). Then we have a correction of the bullish segment where the short volume (red line of the accelerated volume indicator) is not very strong, in fact, the volume is declining. Right now, the price is in the area of the average and in the area of the 61.8% fibo of the strong bullish segment. Finally, the volume lines are about to cross, with the green line (buying volume) returning to dominate. As soon as this pattern happens we will have a long entry, and as long as the buying volume dominates the selling volume we can be inside the market. Have a good day.
COINBASE:ALGOUSDLong
by tradingconfibos
#ALGOUSD. Get ya shorts on, or get get caught naked.Have you already shorted ALGOUSD today ? If not, take a nice cup of coffee, get up (or the other way around), wipe your eyes and set a short on it. Why? Time has come. That's why. We're at the end of a massive pump . ALGOUSD RSI (1d) has been as high as today only 4 times in its lifetime, and 3 out of 4 were excellent shorting opportunities , and the 4rd with 25% down still a good one. If you're risk lover, wait it 'till the price crosses the 0.768 fib line. But don't wait too long - tomorrow around six you could be late. If not the price moves under the current short term trend line even before. Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
KRAKEN:ALGOUSDShort
by My2CentsOnBTC
10
Algo is Bullish to the bonesALGO IS SO BULLISH, it's forming not one falling wedge but two wedges (technically bullish patterns) 😀...No matter how you look at it it's bullish, with expectations to reach $2.80 min or $3.00 after the breakouts upwards. Algorand has been on an uptrend lately and topped charts as the best performer coin multiple times. With the price climbing to heights not seen since early April, showing significant volatility over the last week. As a project algorand is very good and of course you can hold for long term. (better days are coming for sure)! Good luck 🤞
BINANCE:ALGOUSDLong
by PatrickHob
9
Algorand's (ALGO) Bullish IndicatorsALGO or Algorand has one of the stronger looking charts in the crypto space With it's recent ascent from $1ish to $2.50ish, ALGO is currently undergoing some price correction What's nice about its ongoing correction is the Volume Contraction Pattern (VCP) on its daily volume, a bullish sign. The previous resistance that it broke, $1.80 ish, is now acting as support as evidenced by candles bouncing from this level whenever it nears that price Let's see how this will play out. Good luck!
COINBASE:ALGOUSDLong
by kevvela
2