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Algorand/Tether
Long

ALGO/USDT Main trend. Cycles. 07 2023

By SpartaBTC
Updated
Logarithm. Time frame 1 week. Main trend.

Linear for clarity..

snapshot

Previous closed learning/work idea on this asset. Published 09 2022

ALGO/USD Major trend. Accumulation/distribution
ALGO/USD Основной тренд. Накопление/распределение.



Local trend and this reversal zone is shown in the main trend now.

snapshot

Price recovery from the recent squeeze. Consolidation and formation of triangle formation. High probability of reversal. First local targets shown.
Note
snapshot Locally now. Recovery of the price after the recent compression. Consolidation and triangle formation.

High probability of reversal 🟢. First local targets are shown.

🔴 If stops on BTC are placed under the trend line and the whole market is falling locally - the triangle is broken down, the price first falls to the previous low, then (probability) to the lower zone of the descending channel.
Note
ALGO/USDT Secondary trend. Wedge is a trend. 11 2023
Note
ALGO/USDT Local trend. Wedge breakout zone. 5 11 2023
Note
snapshot after the reversal, there is such fractality in trend development, only on a smaller scale (time is different).
algoalgorandalgousdALGOUSDTCryptocurrencycryptotradingEconomic CyclesSupport and ResistanceTrend Analysis
SpartaBTC
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