Algousd
ALGO another Higher high or a cup & handleLove to spot Cup & handle forming, which I found are the easiest pattern to trade.
Algo is a very good project and it's a little bit back in terms of growth with respect to the other coins, so this could be a nice ride with a lot of margins.
We could find a natural resistance on the previous top and the price will retrace, or we could break the previous high and gain momentum for a bigger ride.
Good luck
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.
ALGOUSDT's decrease is expected
ALGO/USDT has formed a rising wedge this means the price would start to decrease right now .there is also a regular bearish divergence(-RD) as well which means this analysis is more reasonable !
just wait until the breaking of the pattern and than make your deals!
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.
$ALGOUSD - Wave count and next targetHello everyone!
Here is wave count for Algorand.
The pair is following an ascending channel and currently formed a bearish flag. Wait for the breakout confirmation and go long.
Don't mind the track drawn, the price may break out from the bullish flag at any time.
Algorand's Road To .90 UPDATE Hey guys i love Algo , it was becoming more and more stable every time i check in on it .
all the news around ALGO is beautiful , having so many rewards just by owning ALGO makes it more and more stable .
bcuss more people are leaving their money with ALGO . *BONUS FACT* you can earn ALGO rewards by owning algo no matter where you own it , it can be a phyiscal/offline wallet and still earn rewards , its by far one the highest and steadiest APY% out of all the ALTS in my opinion .
with it being so steady , it moves in steady trends , sort of like forex but even more perfectly , the forex market seems alot more volatile then ALGO alone . like covid and the president election has made the main FOREX pairs break all trends . ALGO on the other hand has been very steady when it comes to volume , price movement , as well as supply/demand.
on the weekly chart its still very steady as well
what do you guys think ? leave me your thoughts in the comments
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ALGOUSDT 1H long; Completing W-formation with bullish patternTA Explained
ALGO Completing the W-formation on bigger timeframe with a bullish continuation pattern at lower timeframe. trying to get in on the final dip within the falling wedge
Trade setup
Best entries: 0.4149 - 0.4303
TP1: 0.4548
TP2: 0.4806
TP3: 0.5107
SL: 0.3945
RR: 3.16
Max leverage: 3
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
low market cap altcoins for the go.. !Altcoin season could have started already with many coins having made mesmerizing gains of 10/30x already.. with more in petto !
I can't almost believe the different set-ups, but similar timing...
ALGOUSDT - Weekly analysis ALGOUSDT is printing the inverse head and shoulders reversal pattern on the weekly timeframe.
RSI is printing a bullish divergence signal.
Buy entry ⬆️ - breakout above the neckline resistance.
Targets 🎯 - horizontal resistance levels.
Setup invalidation ❌ - breakdown below the inverse shoulders support level.
ALGO/BTC 100% potential from here as per my Chart#ALGO/BTC TA Update:-
#ALGO now bottom out as per chart.
Trading at 1260 Satoshi
I am buying here and I am buying in part.
Some here and some placed bid at around 1200 Satoshi.
Entry:- 1180-1260 Satoshi
Targets:- 1784/2563/3232 Satoshi
Stop loss:- 1000 Satoshi
Please click LIKe button and Appreciate my hard work.
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ALGO 0.4757? Pushing up on the 3H, 30,15,3m . Jan 14, 15:00 top?RSI on 30 trending up to 64 with positive momentum on MACD trending crossing the 0 line.
RSI, MACD, and MATRIX are all wild based on increasing volum e on the 1 minute (can't show here. But I have the 3H and a 15 showing similar motion..
Pump and dump? Scalp? What do you think?
Lots of W's on these screens.
Algorand's Road To .90 UPDATEHey guys i was doing more research into ALGO/USD
i decided to raise the success mark up to .90
algo is easily going to make it to 1.00 , hopefully it'll be close in the terms of time .
i've made the marks , so we can see what it may look like on a steady timeline.
please comment any other alts you want to add in the ROAD TO SUCCESS TRILOGY
all comments are welcome
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ALGO/USD leaving buyzone ( Algorand's Road To .80 )Hey guys this is my first ALGO/USD chart , as soon as i looked into at i fell inlove with Algorand.
So i decided to add this into my ( '21 Road to Success Trilogy )
soon as i did a few markings i seen that it was ready to makes its move upwards . after looking closer i seen a TP at around .80
' if you look at my support markings , i think we missed the buyzone for right now .
' but FOLLOW ME for a full Algorand analysis with a exact Entry Price & Take Profit .
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✳️Algorand/USDT (10/12) View + Trading Plan #ALGO $ALGOTrading with ALGO at this moment is quite risky because we can't be sure of the next trend of ALGO. But I think ALGO will bounce back and conquer the 0.32-0.335$ zone to resume the uptrend. But if ALGO continues to decline, it will drop to the 0.26$ zone and possibly fall to the 0.22$ zone
📈BUY
-Buy: 0.32-0.0335$ if A. SL if B
📉SELL
-Sell: 0.4-0.42$ if B. SL if A
-Sell: 0.475-0.5$ if B. SL if A
-Sell: 0.57-0.6$ if B. SL if A
♻️BACK-UP
-Buy: 0.26-0.275$ if A. SL if B
-Sell: 0.26-0.275$ if B. SL if A
-Buy: 0.22-0.23$ if A. SL if B
-Sell: 0.22-0.23$ if B. SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"