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Algo

Bullish $ALGO Technicals Supported by Super Bullish Fundamentals$ALGO is in a clear long-term uptrend. It is now retesting the bottom of the rising channel. MACD has bullish divergence. MACD is starting to reverse while price continued to slide down on lower volume. Stochastic in extreme oversold territory. Algorand's super bullish fundamentals will propel $ALGO to all new time highs. Once escape velocity is achieved to all new time highs, $ALGO will then enter price discovery mode and break out of the rising channel for a parabolic move. Major fundamental catalysts to provide the rocket fuel are: 1. Multitude of DeFi projects launching in coming months with no end in sight - amplified by incentive reward programs to bootstrap the DeFi ecosystem - TVL boom 2. Staci Warden as new Algorand Foundation CEO with aggressive marketing and PR strategy 3. Algorand protocol upgrades and TPS boost 4. Multi-chain bridges - Glitter, Applied Blockchain Ethereum London Bridge, C3 Protocol 5. Institutional and enterprise implementations - SkyBridge, NAX, UNLOX, real estate (Vesta Equity, Homium, Lofty AI, QuantmRE, etc) 6. Government national initiatives
COINBASE:ALGOUSDLong
by OysterPack
2
ALGOUSD CLOSE TO BREAKOUTALGOUSD is finishing bullish wedge pattern, we already bounced two times and closing in on breaking it upwards. We should look for a retracement back to 50% fib. Aroon: On a daily timeframe it is already giving us an entry for a bullish trade. Macd: is showing bullish momentum gain but we need to wait for a signal line to cross. Bollinger band: We already bounced off of a bottom of a Bollinger band which indicates we should go long. Entry: 0.77 Invalidation: 0.600 Target: 1.66 Ratio: 1:5
ALong
by vf_investment
2
Most traders underperform to a coin flip day trading botFirst-time day traders are most likely going to lose money. CNBC quotes at least four studies with a similar conclusion: 90% of traders fail to make money. The primary reason that most traders fail is not because of their strategy, it is because of their psychology. As Benjamin Graham liked to say, “The worst enemy of the investor is most likely himself.” To quantify how bad the fact of 90% losing money is, we compared it to a coin flip trading bot which makes a trading decision based on a virtual coin flip random(0,1) Below are the results for Trading $QQQ Random enter and exit at 10min intervals No stop loss Always exit EOD (no hold overnight) 100 simulations per year to smooth it out Algo parameters: Enter Criteria: $Random.random >=0.5 Exit Criteria: $Random.random >=0.5 Year over year performance: 2016: Average Performance 1.92% Best Performance 20.38% Worst Performance -10.21% Average MDD -6.65% 2017: Average Performance 3.08% Best Performance 10.92% Worst Performance -4.10% Average MDD -3.99% 2018: Average Performance -3.56% Best Performance 21.65% Worst Performance -21.08% Average MDD -12.05% 2019: Average Performance 4.80% Best Performance 15.61% Worst Performance -6.75% Average MDD -6.03% 2020: Average Performance 6.66% Best Performance 33.63% Worst Performance -17.12% Average MDD -10.69% 2021: Average Performance 2.41% Best Performance 26.31% Worst Performance -17.97% Average MDD -7.25% 2022: Average Performance -4.21% Best Performance 3.91% Worst Performance -10.00% Average MDD -5.40% We expected it to perform worse than that ;) Disclaimer: NOT financial/investment advice
NASDAQ:QQQEducation
by BreakingEquity_official
ALGO shortTotal market: - BTC at daily resistance, bulls losing momentum. Price has broke triangle on 15 min chart to the down side Daily: - Price getting rejected at 20 day EMA & previous structural level 4H: - Had bearish divergence, price could not break resistance level 1H: - Price broke uptrend line, retested and has rejected and making move lower 15 min: (entry) - Price selling off, going to have bb break to the downside Stop loss: 0.8649 - within previous volatility level above VPVR zone Take profit: 0.7336 - at strong liquidity zone on daily * managing trade discretionally
Short
by CMSTrading
ALGOThinking ALGO ran The Fib extension gambit here all the way to $3 back in Aug 2021. (luckily some of our members took part in this move as I alerted the buy around $1 I think back in July 1 month prior) since then Algo stays inside 1 brutal correction and I'D say .53c gets tested B4 we can resume the run. But the wick to .67c bottom channel TL does show massive support. So kinda hard to call here, but if my BTC analysis is correct in projecting BTC double bottom after we finish this B wave then ALGO will likely hit my lower bearish targets. If my BTC analysis is incorrect then likely ALGO has bottomed. Let's keep an eye on this.
COINBASE:ALGOUSDShort
by Big_Mike716
💡Don't miss the great buy opportunity in ALGOUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8073). . 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 below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 59. Take Profits: TP1= @ 0.8483 TP2= @ 0.8822 TP3= @ 0.9303 TP4= @ 0.9673 TP5= @ 1.0086 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 ❤️
Long
by ForecastCity_World
8
💡Don't miss the great buy opportunity in ALGOUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8073). . 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 below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 58. Take Profits: TP1= @ 0.8483 TP2= @ 0.8822 TP3= @ 0.9303 TP4= @ 0.9673 TP5= @ 1.0086 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 ❤️
Long
by ForecastCity
6
Are we headed back to the larger structured falling wedge?Divergence on RSI and MACD so I think there is some momentum building for some movement. We could be 50% through head and shoulder reversal. I would freaking love to see this happen. Get back into a giant falling wedge like that & if we get an upward break... it could be one for the ages. I am keeping eye on for now, because a reversal pattern that I can see has not necessarily printed yet. Be careful, crazy times right now. The momentum building could send it the other way just as easily.
COINBASE:ALGOUSD
by stalva989
1
Algorand vs Tether (Some Bearish Signals)Algorand (ALGOUSDT) is on a bullish trend. It has been moving higher and hitting new highs. In fact, a new ATH was hit last weak but the candle ended closing red with a long upper wick; bearish. This week candles we see ALGOUSDT moving below EMA10 (confirmation only when the weekly candle closes), another bearish signal. And the is curving with lots of room to retrace: We have bearish divergence as well. These are all bearish signals. The RSI is still strong but curving/trending down. Growth can resume after the correction takes place (green arrows). Thank you for reading. Namaste.
Short
by AlanSantana
8