Algousd
ALGO - Wait For The Trigger!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/USD Possible Bullish Bat PatternTaking a look at ALGO/USD, it looks to be completing the C wave of a Bullish Bat Patten. Normally, I don't necessarily like to trade harmonic patterns, gartleys, or bats in the crypto market. It is a good tool for really technical traders who want to find a spot-on target. However, the crypto market is too volatile to expect such things. So I tend to stay away from them and look for mid-long term trends, patterns. That being said, expect this bullish bat pattern to trade within a range. You can use this pattern to find an entry range towards the end of wave c, and catch point D heading back up. Furthermore, point D, the completion of this pattern, coincides with the main trend line marked yellow. I would look to enter just above this point if you are looking to get your order filled.
Fibonacci Analysis: It's always nice to see the initial correction bounce off the .618 in a bull market, which ALGO did, as seen with the blue arrow. But in this case, we will just use this as a sign that ALGO is trading healthy and keep an eye out for these key fib levels. I usually like to use these key fib levels in beautiful elliot wave patterns, not necessarily bat patterns.
Hidden bullish divergence: IF this pattern continues down to the yellow trend line or around that area, I would expect the RSI to achieve a lower low. This would still indicate a higher low in price. This would confirm a hidden bullish divergence. If this is true, then we could say that ALGO is in fact bullish on several levels.
Conclusion: Bullish Bat pattern, bullish fib bounce, hidden bullish divergence. Great entry point around POINT D. Can take profits at previous high and above. I will stay neutral for now because I do not short. But I will say LONG at the completion of this pattern. Of course...... I could be totally wrong.
ichimoku trade : short positionichimoku signal:
short position:
enter at 0.93$
stop loss kijunsen with buffer
Have a look ... +150% potential for Algo 👌technically, we wont see Algo under 50 cents again unless bull run is over n actually it is not yet.
Algorand fundamentally from strong projects that have a great technology that's why it jumped from 8 cent to $1.80 !
82 cents is strong support n will hold in the worst correction scenario.
Algorand is a prefect choice for long term investment, it may rich 6$ n $9 maximum in the near longterm.
but we still have a great potential to go up.
Try to have some in ur portfolio.
✅ Buy: 1.25 - 1.00 ✅
🎯TARGETS:
1- $1.58
2- $1.80
3- $2.40
4- $3.30
💵 Trade Size: 5-7% of Portfolio
🚫 Stop loss: daily candle close below 0.825
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Must follow me for latest crypto real time updates.
Thank you.
$ALGO - 1W close above 1.47 all we needLets fill all those down candles
Close above 1.47 on 1W and we increase the chances of doing so a lot
This Algo pattern has been forming for many days counting This triangle pattern has been in development for quite a while now, I believe a breakout soon is imminent. Not even overbought at RSI. What are your thoughts?
ALGOUSDT 4H Will the cup and handle pattern complete ?ALGOUSDT 4H
It broke out the blue bearish trend line and stop loss at the red line (1.3054).
If it can break though 1(1.8400) and have short upper shadow
1st target will be 1.272~1.382(2.2797~2.4575)
2nd target will be 2(3.4566)
Algorand (ALGO) - May 12Hello?
Dear traders, nice to meet you.
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(ALGOUSD 1W chart)
(1D chart)
We should watch for movements that deviate from the 1.32179365-1.72007755 section between around 11th and 16th May.
In particular, it remains to be seen if it can rise above the 1.47009413 point.
If it falls at the 1.18903235 point, a Stop Loss is needed to preserve the profit and loss.
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(ALGOBTC 1W chart)
(1D chart)
2374 Satoshi-2792 We must watch for any movement that deviates from the Satoshi section.
In particular, it remains to be seen if it can rise along the uptrend line.
If you fall from the 2374 Satoshi point, you can touch the 1970 Satoshi point, so you need to trade carefully.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
ALGOUSD bounce off 100 Moving Average IndicatorThe moving average indicator is a widely used indicator that can sometimes predict future price movement of an asset. Often, when any asset price bounces off the Moving Average or ‘MA’, this means that we are in for a good increase in price.
For two days in a row, ALGOUSD price has experienced a bounce off the 100 period MA, could this be a final call before departure to the moon?
Let me know what you think in the comments!
ALGO setup looks like last summer.Looking oddly familiar to last summer's rally. Interested to see where the RSI breaks the downtrend on the daily.
ALGOUSD BOUNCE OFF SUPPORT LEVELALGOUSD has just bounced off a KEY support level at the Dynamic SR level of the drawn pitchfork. This correction gives a huge sentiment of a bullish market in crypto tomorrow. This will probably be the last pump of the cycle before the market crashes again. Time your exits well and stay alert.
ALGO - You Decide => We Follow!ALGO is currently stuck inside this green range. NOW WHAT?
Here are the two scenarios where I will be looking for high probability buy setups:
I call them War Zones.
Scenario 1 - Purple : (Lower Zone Retest - 0.900)
I will be waiting for ALGO to retest the lower bound of the range (projection in red) to look for buy setups on lower timeframes.
Scenario 2 - Orange : (Upper Zone Break & Retest - 1.900)
Or if ALGO breaks above the upper bound of the range (projection in blue), then I will be looking for buy setups on its retest.
As per my trading style:
As ALGO approaches one of the circles, (orange or purple) I will be looking for reversal buy setups (like a double bottom pattern, trendline break, and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
What do you think? Which scenario is more likely to happen?
All Strategies Are Good; If Managed Properly!
~Rich
ALGOUSDT | Daily Time Frame | 8 May 2021ALGOUSDT Will pump hard after crossing 1.8$ and this is possible
®Reasons:
✔ Price is above clouds in daily TF (confirmed)
✔ Tenkan-sen crossed Kijun-sen (confirmed)
✔ High volumes is 2 past days (Being noticed)
✔ The opinion of most analysts is Bullish (Optimism)
👍 May be some correction and then go up!
ALGO/USDT can do a great bullish movement!Hi every one
ALGORAND / TETHERUS
has formed a cup and handle pattern which is a bullish pattern so we can be sure after the completion of this pattern and when the break out happens the price will increase as much as the measured price movement ( shown in the picture!) we just have to wait for the break out to happen!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
