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Algotrading

Algorand has been amazing... But there is more to come !We are monitoring ALGO since the beginning of it's bullish trend at 0.40 cents ... (first analysis of Algo below) On today’s analysis, we saw that Last week we successfully reached our target 2 (written on the chart) and we closed above the weekly resistance (Blue line on the chart) that has been built since September 2019. Now we are actually flipping this resistance in to support ... A weekly closure above would be very bullish for the next few weeks. As there is very little volume on this retest, i am very confident about what will come ! Time will speak! Patience is a key in this market The content covered in this publication is NOT to be considered as investment advice. Thank you all, If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section. Have a Good day and Safe trade Butterfly .D /Metamorphose your portfolio/
Long
by Taidotrading
2
Mean-reversion SHORT - US100/NASDAQGreetings folks, The tech index has been rising quite sharply since end of last Friday, forming a few large and strong bullish bars. A pin was formed, though small, at the upper bollinger band with the default 20 period and 2 standard deviation settings. My trading system recommends a short at the low of the pin with the SL be at the high of the pin. The system historically has a 36% winrate with a 12(%/R) returns for the past 132 trades when locking in 2R (or 2x profit to risk). Cheers PineConnector
UShort
by PineConnector
4
ALGORAND / USDT Gaining momentumRemember when i told you that ALGO just came out of accumulation phase on the weekly time frame? Today we successfully passed our first target! ALGORAND is gaining momentum and strong volume are supporting this bullish trend. I believe it's a question of days before we smash our Target 2! Patience is a key in this market ! The content covered in this publication is NOT to be considered as investment advice. Thank you all, If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section. Have a Good day and Safe trade Butterfly .D /Metamorphose your portfolio/
Long
by Taidotrading
1
ALGO, the silent mover, has a lot of room to go UPBeen following this for some time now, and, I think ALGO will surprise us really a lot, its been slowly and steadily building up its bases, this is to be a healthy indication, not some crazy pump and dumps with high volatility, but steady growth from the start indicates strong coin. Targets are in sight. I am a noob trader, so please, this is not financial advice, this is just my theory and practice. Invest at your own risk, and follow your gut feeling.
Long
by TitoKnowsBest
1
ALGO full to the "Brim" with breakout opportunity Great "Cup and Handle" forming on COINBASE:ALGOUSD . Beautiful consolidation within the high time frame liquidity box and just under the major daily resistance at $0.67. This is where I would expect a retest of the daily support to give another opportunity to long from the $0.55 area. That would give us a perfect handle to the cup. However, looking at the chart history how ALGO tops outs, drops, consolidates and then punches through, we are seeing consolidation instead of a drop this time.....maybe it's primed?!?! I think if you wanted an aggressive long, enter here on ALGO with a tight stop at say $0.6179. (watch your position sizing!) If it breaks down, bailout and long the daily retest around $0.55 at a better entry. I will buy this retest as I already have a great long entry. Finally, the more conservative long would be to wait for the breakout of $0.67, confirmation, and then buy the retest of this level.
COINBASE:ALGOUSDLong
by tsmith212