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Algo

XRP, MKR, ALGO,THETA: Curved Tops Suggest Incoming CapitulationHi All! As highlighted in my last analysis, BTC has two choices to make regarding the 100W MA and 200W MA. This choice will likely propel that market in that direction. Shown here are 4 altcoins that have formed a bearish "pattern" - curved top of the downtrend, similar to a parabolic uptrend, but just pointed this opposite way. There are many examples of this curved top ending in some strong bearish move to the downside with an example being here: Each of these coins have also broken their 400+ day trend lines in a bearish way. Each chart has two support lines that show the high demand & deep liquidity zones. Not everything in the market looks this way, but these coins may suggest of whats to come for the rest. To void these curved cliffs, price must break over and hold for some days. As always, this is my opinion & NOT financial advice! Thanks for reading, Please comment and like!
by traderview2
2
Algorand (ALGO) formed harmonic bullish Shark for upto 276% moveHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO). During the previous crash of May 2021, Algo formed the bullish harmonic Gartley pattern and we had a nice trade which I shared with you as below: Now during the current crash, again on the weekly time frame, chart, ALGO has formed bullish harmonic Shark pattern for a big bullish reversal move. Right now after completing the final leg, it is moved slightly up, therefore, we can wait for the candlesticks to re-enter the buying zone.
Long
by moon333
ALGO - Urgent Update w LevelsBad News: Bitcoin tumbled in an extended selloff for cryptocurrencies, falling past $39,000 to its lowest level in more than five months. The largest token sank 5.6% on Friday, marking a three-day downturn. Other cryptocurrencies were similarly in the red as investors offloaded risky bets in a volatile week for global markets. Ether fell below $3,000, losing as much as 8.8%, while Solana, Cardano and Binance Coin also slumped. Here is our chart with updated levels. Remember to keep your cool and deal with every situation in the best way. One Love, the FXPROFESSOR
Long
by FX_Professor
1
AMC - Squeeze Scenario (Cycles, Patterns, Crash)(Not Financial Advice) Posting this scenario, constructed using the current (62 day Cycle) I have been tracking, as well as comparing them to both Doge's and Lucid's Cycle. This scenario also takes into account the possibility of a market crash event. The market is a bit shaky and there is a lot of uncertainty, if we see pressure start to drop the index's around April then a potential cup and handle pattern would be likely to play out, a ripple effect with overleveraged shorts on AMC, would be the ultimate catalyst imo.
NYSE:AMCLong
by TradingWithEmotion
2
ALGO/USDTALGO/USDT is one of my favorite fast recovery coins that could benefit you a lot in future months. Though based on the current chart analysis, I observed side-by-side movement in ALGO, as ALGO is following BTC in a respectful manner. Side-by-side movement is good for market health. Though if someone wants to take entry in ALGO so they can start doing DCA (Dollar Cost Average) to $1.45 Note. Do your own research too. My analysis are based on Indictors and Market sentiments. (Keeping market volatility in mind)
Long
by Hasnat_Yusufzai
ALGOUSD has bottomed. Next High at $4.00.Algorand's price action has been very straightforward since the start of 2020, as it has been trading within a long-term Channel Up. Every Higher High follows a +0.236, +0.786 +1.0 sequence on the Fibonacci scale and every Bottom is made on the second low following the correction and a Triple Bottom on the 1D RSI (green shape). If this pattern continues, then ALGO should currently be on its bottom as it is the second low leg since the correction (could be even the third if we count December 04). That makes it a strong buy opportunity on the current levels. A 1D MA50/MA100 Bullish Cross should come as confirmation of the rally but the accumulation process has already started. Based on the Fibonacci sequence of Higher Highs, the next High should be on the 2.236 Fib extension i.e. somewhere around $4.00. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:ALGOUSDLong
by TradingShot
10
AlgoUsdt Algousdt: Description: It made small breakout but without any confirmation about it. We just got 2 candlestick clsoed above it which is not enought and also there is some diagonal resistance trendline from which one we got rejection and rejected down to retest breakout level. For now i can't say anything with ambitions about algo. If we hold this level next resistance would be around 1.65$ If we got rejection from here next support line would be around 1,383. if lose that level most likely in that case algo will drop down around 1,2 WIth respect your Rhino Aka Bear.
by RhinoAkaBear
Grade-A GainsThe A's are the winners in the corporate and crypto worlds ATOM is the latest portfolio gem with an amazing chart. On the verge of a breakout run, price can tag the top of the channel at $60. If it has some time to chew up some time consolidating than $90 becomes the top of that channel. Additionally, ATOM offers attractive APR staking yields from 6% to 9%, depending on which exchange. ALGO had a similar setup not too long ago. Recently ALGO followed through with the expected breakout and likely needs to cool off before tapping that $3 to $4 area at the top of the channel. ADA is another. Abundant gains with a decent APR staking yield currently at 4.91% on Exodus wallet. Recently breaking to new highs, ADA has every reason to take another leg up. Although under $3 is a steal, the chart structure doesn't give any clues to technical price targets yet. All in all, I see ADA having more upside in the coming years than ETH. Ethereum is looking awful. The double top is concerning and that MACD divergence is not helping. While we are at it. Bitcoin is also in a pickle with the MACD weak while price is rising to either a double top, or a higher high which is even worse. This would lock in a major MACD divergence, paving the way to a dump right after a false break to new highs. Price needs to grind sideways for a healthy set up to continue. Similar to how Gold is. We all know the DXY has some inverse correlation to these assets. Here's what it would look like if there was a major crypto dump. The DXY would break to new lows causing extreme bearishness. Soon after catapulting into a fresh bull run.
COINBASE:ATOMUSDLong
by trade-God