Algo turning point! Crypto Altcoins
#CryptoWhale100Billion Alt Coin Analysis: Algo
My Analysis shows that Algo has been holding at the .24 cent market for a few days now, filling up bear pockets. Algo has been falling for quite some time from an all-time high at $2.79 and crashed to .24 cents. A lot of sell-off, but this coin has the potential of stake rewards of Algo 5.75%+ interest which will give you more reward of Algo over the longer time of holding it. I can see it moving back to .285 cents and .33 cents.
Indicators show strong resistance using common pass strategies indicators to see cryptocurrency patterns. Rsi giving an Upper trend, Macd crossing over to the higher side of the trend. Candlesticks holding the resistance for over a week.
I am more bullish on Algo to .284-.33 cents.
For bearish to .19 cent.
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Below are some Previous chart links I've written for Reference.
Algo
$ALGO run it back turbo $.295-$.31As I mentioned in my analysis on $SYN, while many alts have already topped, the few that haven't hit their 200DMA, still look like they have room for upside. Algo meets that criteria.
I think we're likely to see a push higher from here targeting the two top resistances at $.295-$.31.
Invalidation would be a break of current support and this move has to play out over the next week.
Let's see if it plays out.
Algorand: Potential Bullish Bat at 61.8% RetraceAlgorand has just hit the lows pretty hard and is now trading at the Lo-AWR and looks to be exiting the local consolidation trend at the lows soon. At the sametime we have a SMall Local Bullish Bat whos PCZ lands at the 61.8% retrace from the swing low to swing high. This particular Bat here is not the most grounded bat but i think it's worth considering and will be targeting the highend of the range.
THIS IS THE LEVEL TO WATCH IN XRP!The .4068 level continues to be the level to watch. If this level breaks then the theoretical 'flood-gates' could be unleashed upon the rapidly diminishing supply of liquid XRP. If the price declines look for buying opportunities that correspond with your investment strategy and add to your positions accordingly.
A potential bullish path for XLM in the coming weeks.There is a good chance that due to the rapid rise in digital assets like XRP, XLM, ALGO, HBAR ect... in the recent weeks that a pull-back may present some really good buying opportunities to add to the stack before the big...big move that we all know is coming soon.
Do you know what it takes to be an Algo Trader?To be an algo trader, you typically need to have a strong background in computer science and programming, as well as a good understanding of financial markets and trading strategies.
Here are some of the important elements you need to be a top Alog Trader:
Experience with database management and data analysis
Knowledge of statistical analysis and machine learning techniques
Understanding of financial markets and trading strategies
Strong analytical and problem-solving skills
Attention to detail and ability to work under pressure
Overall, to be algo trader requires a combination of technical expertise, financial knowledge, and strong analytical and problem-solving skills.
It can be as simple as having an easy and proven mechanical strategy that you can demo, back test, forward test, analyse, monitor and evaluate your results.
This way, you'll have a decent idea on what your system and strategy potentially could yield in the near future.
Trade well, live free.
MATI Trader
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HBAR is very close to its ATL. Buying below .04 is a no-brainer.Whether you agree with the tech behind HBAR or not, you have to admit that an entry point here is looking pretty good! ALGO still looks better, but this isn't too bad. It would be very simple to dollar cost average at this level even if the price dropped from this level.
AlgousdtAlgo Formed Falling Wedge In H4 Timeframe( Bulish Reversal Chart Pattern)
Rsi Printed Massive Bulish divergence ( Bulish Divergence In Rsi Is Also Bulish sign)
Now Algo Needs To Break Wedge To The Upside Then We Can Look For Long Entries
Keep In Mind That Algo Will Remain Bearish Till Wedge Upside Breakout
ALGO is looking better than it ever has!This is literally just screaming to be bought. Right now is 1 of only 3 brief periods in ALGO'S history where you could buy at this low of a price. If you buy now then you're buying cheaper than 99% of everyone who's ever bought.
That's called an opportunity, and opportunities like this don't happen very often.
Lead, don't follow!