Algorand (Breakout)!!!Algorand is breaking out of a symmetrical triangle (orange triangle), tracking along a rounding bottom (yellow arching line) with a price target of $2.20; by
several possible scenarios can been seen (copied bars pattern-green and pink bars). The green bars scenario seems more likely, with a price target around $2.00; by 10-20-2021 to 10-23-2021.
resistance at $1.90-$2.00...ceiling at $2.00.
related in-depth published Algorand ideas linked below:
Algo
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a daily time frame.
As you see, the price is fluctuating above the support line. If it does not enter and stabilize below the support line, it can touch its target after breaking the resistance line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
ALGOUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
✅ALGOUSDT - Hit TP1 exactly in an hour as expected!-
Congrats if you've been following this trading strategy as below!
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Now you definitely take some profit at 1st TP.
Next, you can hold the rest till TP2 or TP3, surely can take it all anytime you want.
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I suggest that you can move the original SL a little upper to assure your potential profit!
Have a great profit guys!
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If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
ALGO/USDT : Breaking out the trendline ! BINANCE:ALGOUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
#ALGO is breaking above the bearish trendline here.
📚 There are some of the bullish factors for it :
- There's a S/R line which has been broken and it has so much impact on #ALGO's master candle after a retest on it.
- Breaking above the current trendline will lead the pair to the recent high which is also.
- This the 5th attempt to breakout and based on 5th rule, Bulls have the opportunity to hold above the trendline.
- EMA200 is supporting the movement and also it's standing to the support zone on current chart's time-frame.
- MACD had a bullish crossover and now it's breaking above the neutral line; Also there's a buy pressure located on MACD.
- RSI is standing at 62 currently which is suggesting the bulls upper hand on current level.
- #ALGO is breaking above the MA200 currently
📌 You can take a ride after a hold above the mentioned resistance zone.
🔴 Any close below the support zone will invalidate the bullish bias.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ALGOUSDT - Good timing to break out this big Triangle!BYBIT:ALGOUSDT
4H trend chart
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ALGO has kept consolidating as a triangle formation for a while.
There were many times fake out and needed to modify the upper downtrend line.
Now it just broke it out in 1H chart, and we should notice the closure of 4H candle is firm or not.
So if price can be confirmed of breaking out this triangle, trading strategy as below.
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Profit Targets:
a) 1.8925----Fib(1)
b) 1.9708~2.0025----Fib(1.272~1.382)
c) 2.0704-----Fib(1.618)
Stop losses:
a) 1.7730-----Red horizontal ray
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If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Algo Geo is primo! Chart By CyptoKnee Quickie! Elliott Wave could be a couple things, but mostly corrective MO ATM, just one idea on there now. Somethings need to be invalidated and a break of the range would assist in getting a better Idea. But the GEO has been playing great! Going to be watching these with alarms set to see which way it decides.
ALGO CHART ANALYSISALGO is in a good position.
If it does break the trend I will buy and hold for a few days/weeks.
As I see it now, if it breaks the trend I will buy and put my stop loss at 1.5$.
At 4$ I will take 50% profit and I'll let the other 50% and take profit at 6$.
SL: 1.5$
TP1: 4$
TP2: 6.5$
This is not a financial advise, I am looking for long term benefit, this is my strategy.
descending triangle ( Algo 1D )(( please read the description ))
Algo coin is currently falling in daily trading, if it can get out of the downtrend triangle in the coming days, a target is considered
tip :
* Support in Fib 0.5 ~ 0.618
* The trading is above the MA 50 (blue line), one should hope for an uptrend and test the resistance Zone .
I tried to identify the points of support and resistance for you, Trade smartly, Good luck.
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* In trading, the winner is the one who manages his profit and loss *
* The responsibility for buying and selling lies solely with you *
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********************************* pay attention ****************************
For stress-free trading, see BTC price trend, BTC is effective in all trades
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$ALGO buy set-upsBetween the two scenarios, A & B, I think scenario A is more likely so I'm looking for a breakout above this downtrend line.
Scenario A looks likely because of an MACD cross, strong bounce off the lower bound of the channel, showing strength. Looks like it is about to test RSI at 50.
With ETH fees going through the roof and ALGO being put to the test with more and more transactions per second while maintaining fees below $.01 I think ALGO will flip ETH eventually unless ETH fixes the gas fee problem or ALGO can't maintain its low fees while scaling.
If scenario B happens, I will be looking to buy more once it bounces off the lower bound of the channel.
Long ALGO. Strong support at 1.5538
4% for staking your Algorand on Coinbase. Nice to own an appreciating asset that also has interest.