Algo
💡Don't miss the great buy opportunity in ALGOUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6418).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 0.7444
TP2= @ 0.7727
TP3= @ 0.8096
TP4= @ 0.8968
TP5= @ 0.9881
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in ALGOUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.6418).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 0.7444
TP2= @ 0.7727
TP3= @ 0.8096
TP4= @ 0.8968
TP5= @ 0.9881
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Algo Obvious patterns!Here is a update analysis on Algo. We about to see algo move up trend in the next few weeks. All blue arrows shows how long you should be holding algo for to profit. Algo have potential of hitting over $3 Rsi looks similar from all its previous lows. Make sure you do your own research before buying.
$ETH Maddrix III - Great SHORT taken, 50% of profit lost in pumpThis week Maddrix III took a short position (randomly decided by the algo) and it was our lucky day because it was dumping.
It was frustrating because profits were cut by 2 due to the pump back.
What is important to learn here is that when you have a trading system, you MUST stick to the rules.
In this case, it reached it's STOP level, so it exited, for a much smaller profit. We can see that it then went back down and it "could" have made more.
The problem is when it was pumping up, it could have kept going higher and higher, and the safest is to take some profits, instead of thinking "what if".
This is what it means to be disciplined and have RULES.
If this was done by a human, it would be very hard. Good thing the algo is taking care of it!
Algo fifa sponsored moon-boy :) Algo, the E.U cross-bread of ADA academia with XRP compliance and gov ties :)
Recent price action pushed by Fifa puts it at a very good buy level. However Covid black swan lows can theoretically allow for a second dump to 0.10 cents but this is very unlikely/willing to bet my car it wont happen. A more realistic max pain is of 0.26$ which is also more likely to only be possible within a wick context/willing to bet a 1 week holiday it wont happen. My personal opinion is that it will wiggle between 0.58 and 0.98$ for a while, outlier TP around 1.08$ and greed TP at 3$+./ willing to bet my dog's house it will happen :P
Very good entry point at current levels :)
Me gusta mucho!
#LONG #RISK-ON
#ALGO/USDT 1DAY UPDATE BY CRYPTOSANDERS Welcome to this quick ALGO/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- ALGO/USDT PARALLEL CHANNEL brake the green and trandline and buy the retest green zone. PARALLEL CHANNEL green zone. (SPOT CALL)
Entry:-$0.4230,$0.4625
Traget:- 30%
Stoploss:- $0.3555
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
$ALGO - Macro almost done. $ALGO is in an interesting spot here:
- Bullish divergences are bleeding through the chart.
- The bounce from the last dip was directly from the 0.9 fib level.
- There is a EW case for this final push down to be wave 5 of 5 of C.
HEre is the subwave count and the support level I expect the final bounce to be from:
Algo Bull incomingAlgo just increase its stake reward on coinbase the highest earner rewards. Massive buying volume have already started Algo stake reward payout daily and higher then most other coins atm. Coin have potential moving up in the next few days. Algo reach its low at .35cent and pulled back .10 which is very low. The RSI have shown double bottom inverse.
2022-05-16 ALGOUSDT Long IdeaMy thoughts on KUCOIN:ALGOUSDT :
**Daily:** Price has moved down to a key demand level aligned with the green box at 35c. From here we have seen a good reaction with a reasonable amount of volume entering the market - however, we are still clearly in a downtrend, and every failed attempt at a recovery creates more low timeframe supply zones (red boxes) that will have to be overcome to regain bullish momentum.
**4H:** Price has recovered past the 10/20EMA cradle and is shaping up for a recovery push. Key levels to watch will be the 50 Fibonacci level from the recent bearish move (as aligned to the 4H 100EMA in yellow) and the 61.8Fib level (as aligned to the low timeframe supply block in red).
**1H**: Showing an interesting area for a short term long play. I've marked areas for consideration for accumulation, and where a stop loss should be placed. Targets have been set based on the higher timeframe confluences.
*Ideas only, not financial advice*
[ALTCOIN] ALGOUSDT TREND LINE ANALYSISHello, everyone
We're a team that specializes in chart analysis
We will always analyze and provide you with charts to help you sell
There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
Personally, I don't like it because it's a coin that has often shown me playing with the trend line.
For example, around here, when a rebound was expected, he often showed a green frog-like appearance that he supported in the line that was always expected to break and break.
There has been a rebound in the current support section, but it seems that it will show a good performance only if it is raised more strongly to break through the thick yellow upward trend and retest.