ALGO is at support. This is a good opportunity for buying at support trader. With 1:5 ratio, I believe this is a good swing trade. manage your risk well. #NFA
Algorand
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
Algorand (ALGO) formed bullish Crab for upto 16.5% moveHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO) with Bitcoin pair.
Previously I shared a long-term trading idea on Algo, which is still in play:
Now on a 4-hourly chart, ALGO has formed a bullish Crab .
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ALGO setup- Green zone = weekly support
- Touching 4H resistance
- EMA crossover imminent
We have to break the monthly open, which has confluence with our resistance zone. If we do, I'll enter a position on the retest.
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.
ALGO buy zone belowALGO buy zone between $1.0-1.15.
Might see a prior minipump before the dump towards the zone which is a strong support area to be hold.
Lowest risk in crypto market (from Feb to May)Algorand RSI is around oversold and didn't reach similar levels in the past.
Fundamental analysis in addition to the promising technical analysis shows that Algorand gives a great opportunity for the long- and short-term (300% until June, and over 5000% until 2025).
ALGOUSDT 4H Analysis🟢#ALGO/USDT
$ALGO is trading inside descending parallel channel and now it is below the upper line that is the same with resistance zone.
break out from the upper line can increase the price to the resistance zone between $1 and $1.05.
also, it is possible that the price drops to the support zone around $0.77 and shapes a reverse head and shoulders then try to break out from the upper line.
break below the support of $0.75 will drop the price to support zone between $0.7 and $0.65.
⚠ This Analysis will be update
🤵🏻 Analyzed By: AmirHossein
📅 02.26.2022
⚠️ (DYOR)
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.
ALGOUSDT SETUPALGOUSDT price has just reached its critical zone and now it is going to bounce from that area. Sentiments can help the bulls to retain this momentum and will eye 1.0 level again.
Algorand shortAlgorand bounced off the resistance level. Asset bounced down off the bearish trendline. Decline to support level at 0.76 is expected to happen.
ALGO - looking bearish to me !!!Break-down out of the wedge.
Backtest complete.
Starting to sink.
Not pretty to watch !!
ALGO UpdateUpdate on the ALGO chart. Going to be showing my position here, which is in the blue(red). Algorand is a project i have a lot of faith in so i am not worried and will be loading up on this dip that could be coming. I think we will be retesting some support zones sub $0.50. This is a really long 10 year+ position i am building so will be purchasing as much as a i can once we get into these lower price zones. Good luck all!
Algorand vs Tether (Some Bearish Signals)Algorand (ALGOUSDT) is on a bullish trend.
It has been moving higher and hitting new highs.
In fact, a new ATH was hit last weak but the candle ended closing red with a long upper wick; bearish.
This week candles we see ALGOUSDT moving below EMA10 (confirmation only when the weekly candle closes), another bearish signal.
And the is curving with lots of room to retrace:
We have bearish divergence as well.
These are all bearish signals.
The RSI is still strong but curving/trending down.
Growth can resume after the correction takes place (green arrows).
Thank you for reading.
Namaste.
ALGOUSDT SETUPALGORAND price is trying to break that consolidation zone where it stuck from some session. and during that time it successfully broke the trendline resistance and now the bull's effort can be tested. They are trying to retain their dominance quite well and maybe they will pull the price towards the 1.60 level.
Long ALGO, stop at 0.675, PT1 1.37 PT2 1.83ALGORAND #ALGO #CRYPTO
go for 1.37 and then 1.83USDT
Stop @0.675 USDT
ALGO (ALGORAND) FUTURES - 100% ROE LONGAccumulating 5x LONG at .9 and will add on dips to .8 support.
1.1 TAKE PROFIT = 100% ROE
Stay nice, this is not financial advice
-mrnicegvy-
Join my workspace at mrnicegvy.com
Algo long set up$algo #algorand still like this long set up because of how tight the R:R is. Need to break back above 20MA to stretch out to next resistance. Note that the top of BB is aligned to 50EMA
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
PLANETS - BTC : Bullish long term - Buying OpportunityIf Fibonacci levels are respected and the ascending channel should not be broken ...
Observe All-Time High at ~ .000009 , which corresponds approximately to the key zone of Fibonacci circles level 3.618 (daily)
Maybe a new high at ~ .000023 , which corresponds approximately to the key zone of second Fibonacci circles level (3.618) .
Only the future will tell ....
PlanetWatch : A great project with fundamentals and a good application for the future.
Planets are utility tokens issued on the Algorand blockchain.
DYOR.
PlanetWatch : A great project with fundamentals and a good application for the future.
Planets are utility tokens issued on the Algorand blockchain.
DYOR.
PLANETS long term bullish scenario - Buying opportunityIf Fibonacci levels are respected, and the $0.49 level will be broken ...
The structure takes longer so maybe the pump will also be higher in future. I'm Bullish long term.
Observe All-Time High at ~ $0.49 , which corresponds approximately to the Fibonacci circles level 3.618 (daily)
Maybe a new high at ~ $1.2 , which corresponds approximately to the second Fibonacci circles level 3.618 .
Only the future will tell ....
PlanetWatch : A great project with fundamentals and a good application for the future.
Planets are utility tokens issued on the Algorand blockchain.
DYOR.
Algo long set upsooo there is a lot of upside here. Definitely areas of resistance in between BUT I like it. a lot. Especially if $btc is doing its thing in Feb. Wait for confirmed close above zone.
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Algorand looks bullish$ALGO broke through tej descending trendline and the resistance level. Bullish movement to next resistance area at 1,32$ is expected to happen
