ALGO 1W bullish breakout impending ALGO on weekly printing massive falling wedge. Resistance at 0.10595 level needs to break for huge run up.
ALGUST trade ideas
RR=4.4 Buy idea bullish RSI divergence + bullish butterfly pattern + breakout of resistance level ; possible reversal scenario PS never risk more than 2% of your capital per trade
$ALGO- worth the wait..or notabove 200 ema on H4 and support turned resistance
as long as we stay above
range high next
good r/r if anyone fancies
Long trade setup for ALGOUSDTFor the BINANCE:ALGOUSDT.P Long Trade Setup, the following values are suitable for our interval trade:
Entry: 0.0919
Target: 0.0959
Stop: 0.0847
Cost Reduction: -
The profit is reasonable relative to the risk.
ALGO SETTING UP TO PUMP?!?!Algo looks bullish. Looking at the chart we can see a few ways how the algo price action might play out. If this breaks out to he upside, I mapped out where I think price will go and where to exit or take profit. (Golden Pocket (Orange Line))
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Algo ready for trend change(bullish)Okay,I know we all been watching the steady downtrend of EURONEXT:ALGO for a very long time but hear me out, I think its finally time it starts to pop off. Monthly has reached a strong support zone. Multiple candles rejecting. Higher time frames showing clear rejections where price has finally made the same low. Double bottom formation. For ideal traders, I will wait for a break out and retest. I'm personally adding positions here with a long sl. Will keep you all updated. Best wishes to everyone!
ALGO can drop moreIt looks like a diametric finished. After this bullish diametric I expect another bearish pattern to complete to the downside. You can look for sell/short transactions in the red box.
I specified the invalidation level, closing one 4-candles above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ALGOUSDTALGOUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 0.0880 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
ALGO - Time to Buy?I think its a perfect time to buy or Long some Algo
We can see that the coin perfectly bounced from 0.0878$ price level, from which it already bounced for the 3rd time.
And each time it was bouncing for 16 to 22 % up
On the chart I highlighted important levels to watch and book some profits.
1. High possibility that the coin will bounce till 0.0978$ where we can expect bear reaction. So either open short position from that level, but 1st of all check if the markets trend is bearish and if there will be bearish signs on Lower time frames
2. The coin breaks above 0.0978$ and reaches 0.105$ where the probability that sellers will want to lead at that level is very HIGH. So, important to book some profits there too.
3. Very bullish and optimistic scenario is that the coin breaks above 0.1059$, would be perfect to see Weekly close around that level. In this case, the coin can go to the higher prices, for example 0.1167$ etc.
The key is whether it can rise above 0.1098Hello?
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(ALGOUSDT chart)
(1M charts)
The key is whether the price can be maintained by rising above 0.1098.
(1W chart)
Since the volume profile section spans 0.1881-0.4253, the key is whether it can rise beyond this section.
(1D chart)
A volume profile section is formed at 0.3091.
As it falls below the 0.0924-0.1039 range, the possibility of further decline is increasing.
Accordingly, the key is whether it can rise to the 0.0924-0.1039 range.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Trade Alert - Going Long Algo HereStrong price support level here at .0916 (my entry price)
SL will be .085
Target .1227
RR is 1.5
Not fin advice. Entertainment only.
Stew
ALGOUSD ❕ strong supportALGO broke up through 50EMA (30m TF)
Price and RSI chart formed a convergence (1H and 30m TFs)
I expect that the asset will hold above the support and bounce afterwards.
ALGO .14c must hold. Trend break@.63c lose .14c .06c incomingNot financial advice
Trade idea going forward
Entries @.14c to see if it holds. Could get a run up to around the .25-.27c before final drawdown
ALGO not looking good right now.
From the low to the high and back down from the triangle drawn it is a 91% loss.
We had a trend break highlighted at .63c
Apply that 91% loss from trend break at .63c gives us a target of mid .05c range
We are starting to bottom on the RSI on the weekly but has more room to go.
I'd look around the 24 mark on RSI for entry.
Like and follow
#PIK
Patience is Key
#TLAW
Think Like A Whale
ALGO: Another bullish wave is possibleALGO: Another bullish wave is possible
The price broke out of a big daily "Wedge Pattern" .
However we can see that also on the 4 hour chart the price is holding very strong the bullish volume and it is showing that it may grow further
As a begining I am looking at for a smaller target but it may grow further.
You may find more details on the chart!
Thank you and Good Luck!
ALGO POSSIBLE BULL RUN AHEAD WITH THE BREAKOUT FORMEDALGO has confirmed a bullish breakout on the resistance formed with the accumulation zone created on the bottom. We expect a possible rally towards the previous swing high formed on the daily timeframe.
ALGO / USDTWait for the breakout above 0.105 $ and after pullback you can long with TP of 0.1190$ - 0.12$.
DYOR
Goodluck
ALGOUSDT LONG IDEAALGOUSDT has touched a strong support area and has reacted well we can see a good pinbar and entry bar.
entry:
tp1:0.0976
tp2:0.0987
tp3:0.1020
sl:0.0935
AlgoEURONEXT:ALGO saw an RSI breakout after a clear divergence and failure swing low.
Expecting a potential 2X to 4X rally marked by yellow levels.
Not a financial advice.
ALGO/USDT Break Alert! Bullish Sign in the short-term Movement 💎ALGO has experienced a bounce within the demand area and has broken through the descending channel of the pattern. This breakout is validated on an hourly timeframe. However, for a more precise breakout confirmation, it is prudent to await the closure of the daily candle. A closure above the pattern signifies a valid breakout, potentially leading to significant movements for ALGO.
💎 In the broader perspective of weekly or monthly timeframes, ALGO is already in an oversold condition. This strongly suggests the commencement of accumulation and the likelihood of an upward movement to test the bearish OB area.
💎 Before any significant upward movement, ALGO needs to breach the resistance area. Once this area is successfully broken through, ALGO can effortlessly reach target profits 1 and 2.
💎 However, this analysis would be invalidated if ALGO breaks the key support area and the daily candle closes below it.
ALGO/USDTAs soon as the white dashed line resistance is broken, long to the 200MA on the daily time frame, really nice setup here!
no need to enter now, just wait for the breakout and set alerts accordingly!
ALGOUSDT REPEATING FRACTALThis is the small time frame fractal I observe playing out on the daily chart. A break out to the upside of this pattern on the smaller time frame could carry over to the higher time frames.
