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.
Algorand
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 $btc is doing its thing in Feb. Wait for confirmed close above zone.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Algorand looks bullish$ALGO broke through tej descending trendline and the resistance level. Bullish movement to next resistance area at 1,32$ is expected to happen
ALGO PLAYS CATCH-UPAlgorand is displaying the early signs of a bullish reversal, flipping the daily 20 EMA (exponential moving average) into support around 1.05 USD, is the confluence needed to reinforce this trading idea.
Many big cap altcoins are beginning to chase liquidity, and you could not have asked for a more clean technical set-up here.
If the D1 20 EMA becomes support, then the next resistance is at $1.30USD.
Once in profits, manage your own risk accordingly (move up stop losses into break-even for a risk-free trade is but one example).
SUPPORT 1: $0.90 USD
SUPPORT 2: $1 USD
RESISTANCE 1: $1.30 USD
RESISTANCE 2: $1.60 USD
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Algorand ($ALGP) New FIB$ALGO DTF getting pummeled in today's market. Although the oscillators look decent, $ALGO is having a tough time with $0.9878 FIB resistance
$ALGO longBased on the long-term daily log chart of Algorand, it looks like RSI has reached a low where it normally bounces relative to previous large declines greater than 60% when the 200D moving average was breached.
This RSI level has signaled a bounce back 4 times before since the inception of Algorand. The probability that this will be the 5th time is very high. History doesn't repeat itself but it often rhymes.
This has been the 4th worst decline besides the initial puking of ALGO which I don't count. The 5th worst, or the least bad, was a 64% decline. Right now we're at about 69% of a decline. The worst was an 81% decline.
I don't think we have any more room to the downside since 100% of the time (4/4) the RSI has hit that magic low level, the trend changes from bearish to bullish after a breach of the 200-day moving average.
ALGO at long term support#ALGO/USDT
$ALGO is at long term support zone,
it can rise to resistance of $1.1168 that is around half of the bearish master candle, then drop another time to support zone.
holding support will head it up to resistance zone between $1.4 and $1.6
break down from support zone can drop price to $0.5 and $0.388.
ALGO - My Detailed Trading Plan in a video!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for ALGO, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Algo ready for a leg up?Leg up or a break down of a perfect uptrend containing perfect higher highs and higher lows.
Algorand will come to 0.72ALGO will come to line A and if it breaks it will definitely come to line B. I don't expect it will break line B. Then run sideways until two or three weeks. if it didn't break A, it will follow path X. if it breaks line A then it will follow path y.
ALGO USDT - Weekly viewAlgorand right now is visiting the Fib retracement level 78.6%. Could be a good buying opportunity... Also as a second scenario could go visit the reversion zone. Waiting for a confirmation on a lower timeframe.
ALGO may pop up I’m not sure why because the crypto market is underperforming right now but Algo seems to be in a spot as far as my technicals are concerned that would indicate a move upward toward its 4 hour chart 200 DEMA.
I AM NOT ADVISING THIS RISKY TRADE …. Please trade w caution
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!
Algorand longAlgorand bounced off the support level. Asset broke trough the descending trendline. Bullish movement to resistance level at 1.23 is expected to happen.
#AlgorandUSDTWeekly logarithmic time-frame:
An impulsive wave consists of 5 sub-wave shaped through a channel and wave 4 overlapped wave 1, this means than the probability of breaking down the channel is high.
Finally channel braked down with the red candle closed.
go for short.
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.
ALGOUSD | ALGOUSDT Short trade on harmonic patternThis is just ALGOUSD short trade taken on Phemex exchange with all Twitter link for personal trading journal but maybe someone will find this helpful.
Trade is taken when I saw ALGO reached bearish Gartley harmonic pattern PRZ and possible projected harmonic pattern.
After reached confluence of two bearish harmonic (Cypher and Anti Butterfly) I have ready short position with stop loss and targets based on bullish harmonic projection (I use also harmonic patterns for good place to take profit in stages). And always moving Stop on break even or in profit in stages.
Rest of full of this trade (I took 3 short and one long what is closed on break even, flipped to short) is on chart with all update I done on my Twitter.
Reminder to always give winning trade to run and losing trade cut when you see is going against your idea. Use Stop Loss and take profit in stages. Move Stop Loss according to your trading plan.
HOW ALGO PERFORMS DURING HARD TIMES? Everything's on the chart..
no financial advice :DD
I personally don't trust market atmosphere like this
If u invest then I hope u do good money/risk management
Trade safe n fun
ALGO In Support ZoneALGO is in support zone again. I think we accumulate here for a few weeks and see another run up. Ultimate plan is we hit those upper fibs before some kind of retracement back down.
ALGONot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
ALGO (ALGORAND) - ENTERING LONGALGO could break above the accumulation zone and extend beyond the 1.6 rejection
Entering here (1.30-1.35 zone) on 5x leverage
ROE = 150%+
Liquidation is below 1.1 and will add around there if I need to lower it. Upside here is huge imo.
Stay nice, this is not financial advice.
- mrnicegvy
Like and Follow to watch this unfold
ALGOusdt,bullish ideaThe price has touched the trend line.
Correction of 0.618% of the previous uptrend and the placement of the price on the important trading level.
