ALGUST trade ideas
Algo - Pivotal MomentAlgo has been forming a bullish pennant structure on the 4H time frame.
Depending on how it breaks the structure, we might see strong price action.
Right now it seems to be breaking the bullish trendline on the downside.
Remain cautious and operate with tight stop loss
Algorand longAlgorand bounced off the lower boundary of ascending channel. Bullish movement to resistance level at 0.372 is possible.
ALGO/USDTALGO/USDT
The upward descending channel has been broken with great force.
According to the available news, it is possible to grow this currency up to the area of 0.5 dollars.
#ALGO #ALGOUSDT #BTC #BTCUSD #LUNA #LUNC #UST
ALGORAND ALGO long to .48/.5ALGO Seems primed to go to .48/.5 level. it looks like a good setup with clear invalidation below .33. A very good R/R setup here.
ALGOUSDT needs to create the breakoutThe price had a bullish impulse as I told you in my previous idea where we made more than 30%
Now the market needs to create a new breakout from the 4h resistance
How to approach it?
IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Algorand Last Resistance at 40 centsAlgorand huge upside considering we keep up the same rate of growth from before. We should see $1.50 easy then $4 and beyond.
They're just handing out free shares so we can have a good flow of shares for when it goes up.
Market pushes up more when shorters take profit that's why it dips first then shoots up and also goes to resistance at the last second and then dips...
What's the difference between breaking out at 25 cents or 35 cents if both times is moon.
Ethereum only went up $100, what is this weakness.
Another potential $ALGO short play...BINANCE:ALGOUSDTPERP - Has bounced at support -
moving up towards heavy resistance (blue zone) which given rapidly declining OI and Binance crowd aping into linear "line-break" from recent high -
Not a continuation traded - aim for reversion
SL would be at prior high or narrative switch.
Otherwise. Goblin time.
ALGO longAlgo looks bullish as market is starts firing longs
⭐️ BTC has similar trendline
⭐️ Accumulating on local level
⭐️ 4th approach
⭐️ Volume at bottom
⭐️ 40 ATR
⭐️ Over VWAP
Will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
$ALGO #ALGOALGO in consolidation, I'm accumulating slowly, this is the time to have proper plan and not go away
ALGO - Buying SignalBYBIT:ALGOUSDT
4H time frame
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ALGO is in a descending channel, and it started to form this channel since increased by 41%.
The price stops making lower lows and hit Fib 0.382 smoothly for support confirmation.
We can long it at 0.34 and add more position at 0.335(Fib retracement level_0.382)
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Entry: 0.34
Add: 0.335
TP: 0.3565, 0.3735
SL: 0.33
Algorand (ALGO) - September 29Hello?
Welcome, traders.
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Have a good day.
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(ALGOUSDT 1W Chart)
The key is whether you can support and move up in the 0.3310-0.4253 zone.
(1D chart)
0.4253 : volume profile point
0.3310: boundary point of the floor section
0.3091 : volume profile point
Therefore, it is important to be able to support and move up in the 0.3091-0.4253 zone.
As it has moved out of the mid- to long-term downtrend channel, if it finds support in the above area, I would expect a sharp move.
However, if it fails to find support and falls below 0.3091, I would expect it to fall below 0.2140.
However, as I mentioned in the description of the BTC chart, I think it is time for altcoins to gain support by increasing the BTC price by at least 20.7K.
Therefore, before that, it is recommended to trade conservatively when trading altcoins.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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lets see what happens 🥶bearish break below previous trend resistance, make or break time on RSI. watching for longs above .3641, downside continuation below .3265 👀 no triga no trade
💰ALGORAND analysis in One-hour time🔥🔰You can see Algorand's cryptocurrency analysis in a one-hour time frame (ALGOUSDT_ 1H)🔍💣
💥The price behavior is clear in the picture🧐 If the price can reach the DEMAND zone, it can experience an upward trend up to the Downward trend line🖤, and if it can break the Downward trend line🖤 upwards and stabilize❗ above it, it can have an upward trend up to the SUPPLY zone 🚀🔺
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
__________📈TRADER STREET📉___________
short ALGO$ALGO broke through the ascending trendline. Bearish movement to the support level at 0,293$ is likely to happen.
