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Algorand

ALGO Idea for an upward rally...Hi traders... As you can see in the chart, over the past 2 weeks, price increases has happened in alternating time patterns that include Fibonacci time zones. The next iteration has the power to push the price towards the daily pivot and I expect to see the price rally in the next 48 hours. BINANCE:ALGOUSDT COINBASE:ALGOUSD ⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed.
Long
by Arash-RK
1
Algo Breakout has occurred. What am I waiting for?Traders, Algo has broken the triangle definitively. But I hesitate to enter for several reasons: 1. That 50 day coming down hard 2. Still not above .227 cents level 3. Need at least one confirmation candle on the daily above .227 and preferably above the 50 day ma. 4. Still expect BTC to draw back more. 5. Headed OOO for the next week and a half and I don't want to be tracking trades during this period if I don't have to. I wouldn't blame anyone who follows me to want to enter here. I am just not. Yet. Stew
by stewdamus
2
ALGO: The Long Term Bet I Would Love to MakeBy the time of writing, ALGO has already down 95% from its ATH in 2019. Meaning, if we buy now, and it goes back to ATH, we can profit up to 20x our investment. A very good deal, don't you think? In addition, Algo is now sitting at a multi-year weekly support. Even if Algo does not manage to reach its ATH, but only to let's say its weekly resistance, the potential profit is already 500%. I really think that this is a very good deal, personally. For better confirmation, we can wait for these indicator/condition to be fulfilled: - Break of the white trendline - Break of 21 EMA and/or surge in buying volume
Long
by Evolutiontrading-Indonesia
To turn into an uptrendHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOBTC 1W chart) There is no power of ascension itself. So, after March 13th, we need to see if it can rise above the downtrend line and rise above 0.0000 1448. In order to dissipate the rising power, it must rise above 0.0000 1970 ~ 0.0000 2886. Therefore, it is expected that the price should be maintained above 0.0000 1448 to start gaining momentum. -------------------------------------------------- -- (ALGOUSDT 1D chart) It is showing a move to break out of the mid- to long-term downtrend. However, in order to turn into an uptrend, the price must be maintained above 0.3091-0.3557. If it fails to do so and falls below the downtrend line, be cautious as there is a possibility of renewing lows. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2
Algo with perfect retest of green channel tl as supportPerfect support retest of the bottom trendline of the green horizontals channel. In reaching there price also broke above the purple falling wedge…we can also see now that price is testing the turquoise neckline of an inverse head and shoulders as well. I have put the inverse head and shoulder target and the falling wedge targets on the chart for now. Will add the channel breakout target if/when we get closer to its top trendline. *not financial advice*
COINBASE:ALGOUSDLong
by DrDovetail
3
OPUL Bearish: Head and Shoulders Signal??After a 550% bullish move from Opul, moving from 0.05 to 0.30 it looks like a head and shoulders signal is playing out. This may be a bearish signal that sends opul down another 50-80%. I've placed my buy zone at 2 different levels to keep an eye on for potential investment points. First point is around the $0.11 to 0.085 area. The second point is around $0.055 to 0.045 area. Movement below these lower buy zones is considered very bearish. Depending on macro conditions as well as the success of their MFT platform this could rise from the buy zones back to the recent high of $0.30. --- This is not financial analysis or advice. Please asses your risk tolerance before taking trades of any kind.
Short
by WillGood
OPUL in Downtrend - Potential Buy SetupOn the 10th of August OPUL experienced an explosive upward movement in price due to the reveal that it's staking dashboard will be launching on August 22nd. The price of the coin jumped over 100% from around $0.08 to $0.17 before it began moving back down. It is now developing a clear channel downward and based on fibonacci levels it looks as tho the $0.10 area will be a nice opportunity to stack OPUL. The general macro sentiment to Bitcoin, crypto, and larger financial markets is still mostly bearish so please use caution when purchasing. Use your best judgement, this is not financial advice!
by WillGood