ALGO impulsive move ahead ? ALGO had a strong breakout in early September and has been since in consolidation above the 1.5$ area.
Prices are in compression days after days and could well go for another impulsive move up.
I would wait for the MACD to go green and the upper BB to open before catching up a move as a fake signal could be given.
This on is to be follow, we could anticipate and give a small percentage on a buy in case it pop.
ALGOBTC
ALGOUSDT Technical Analysis⏳ Spot
💎 ALGOUSDT has formed a symmetrical triangle, the price has got rejected from the bottom of the triangle, I expect it to move higher and after the breakout we will see a bluish move
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 1.6969
☕️ TP1 1.8200
🍺 TP2 1.9000
🍻 TP3 2.1000
🍾 TP4 ______
🍷 TP5 ______
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 1.6000
Good Luck 🎲
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Algorand (ALGO) - October 10Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(ALGOUSD 1W Chart) - Medium to Long-Term Perspective
Above 0.76754798 point: uptrend expected to continue
(1D chart)
First resistance section: 2.11836146-2.25112275
Second resistance section: near 2.51664536
First support section: near point 1.72007755
Second support section: 1.18903235-1.32179365
If the price is maintained in the range of 1.72007755-2.11836146, the uptrend is expected to continue.
However, it is recommended to maintain the price beyond the psychological support and resistance zone formed in the 1.90329264-1.97455023 zone.
The first resistance section is an important section that determines the trend.
So, if it rises to the first resistance zone, you need to check whether the price holds.
If you fall from the first support, you can touch the second support, so you need a short stop loss.
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(ALGOBTC 1W Chart) - Mid/long-term perspective
Bottom sideways section: 1970 Satoshi-4309 Satoshi section
6469 Satoshi point or higher: Expected to create a new wave.
(1D chart)
First resistance section: near the 4309 Satoshi point
Second resistance section: near the 6469 Satoshi point
Support section: 2452 Satoshi-2886 Satoshi section
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
ALGO/USDT 1HOUR UPDATEWelcome to this quick algo/usdt analysis.
I have tried my best to bring the best possible outcome me in this chart.
Reason of trade :- algo/usdt is the bullish falling wedge
Entry:- 1.76$, 1.77$
Traget:-
T1:-1.82$,
T2:- 1.85$,
T3:- 1.88$,
Stoploss:- 1.73$,
Sorry for my english it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you..
ALGOUSDT Technical Analysis
⏳ Spot
💎 ALGOUSDT has formed a symmetrical triangle and after the breakout it might go down for a retest and then continues the Bullish move. The Pullback are is at around 1.7070
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 1.7070
☕️ TP1 1.9550
🍺 TP2 2.0650
🍻 TP3 2.2222
🍾 TP4 2.4000
🍷 TP5 2.5555
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 1.5500
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
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Have a Profitable Day
ALGO Bullish 📈Algorand is currently in this Chuvashov downward fork. This is a bullish pattern and we should see a break of the top resistance soon.
I'm looking for an entry on break or a very (very) small entry here and to scale it on the break.
This could send ALGO back to the $2+ area.
Watch this!
ALGO/BTC bullish breakoutALGO finally broke out of the descending trendline, we are looking for a potential x2 midterm. Patience is a virtue. A retest of the trend might be expected. This will remain positive as long as we don't have any dump on BTC side.
Please do your own research and analysis, this is not a financial advice.
Sometimes you get poop on your dickAlgo will be alright, just adding comedy since my projection was wrong. This might be the dip to buy, it hit my buy dip target of 1.60 earlier today. It could bleed more so i am watching it throughout today and the beginning of the week here. Everything is red today, so just be patient and DCA when you think its time.
ALGO is a buyI am buying the dip since this morning with only 30% with idea of adding more once bottoming is confirmed.
All eyes on SPY, nothing else matter. If SPY dip is bought, everything else will be bought.
Right now, SPY broke an important trend line so very cautious going forward but also letting my FOMO make some of the decisions.
I do like ALGO here though as long as i get my bottoming confirmation.
Algo is Bullish to the bonesALGO IS SO BULLISH, it's forming not one falling wedge but two wedges (technically bullish patterns) 😀...No matter how you look at it it's bullish, with expectations to reach $2.80 min or $3.00 after the breakouts upwards.
Algorand has been on an uptrend lately and topped charts as the best performer coin multiple times. With the price climbing to heights not seen since early April, showing significant volatility over the last week. As a project algorand is very good and of course you can hold for long term. (better days are coming for sure)!
Good luck 🤞
ALGO , 5th elliott wave about to end , 65% gain ahead.so guys as you see , it's the end of the 5th wave for ALGO , our target is between 3.35 - 3.55.
after that we are gonna have a correction which Imma keep y'all updated .
don't forget the 3 important things , like , comment , follow.
see y'all in the next idea.