Algousd
ALGO LONG..BREAKOUT SOONAlgo looking Very NIce at LTF,,,Looks ready for Breakout and a nice move Above.
ALGO/BTC (Bullish Pattern?)ALGO/BTC
-forming a complex IH&S+Cup&Handle pattern
-the trade setup is to buy the break/close above trendline resistance
-target is the recent top or mid resistance area between 3056s-3716s
-key stoploss is below 2333s or potential new higher low
LONGSimple, with nice risk management can be great, lets see. also TPs are being super conservative for this one, monitor when take off.
ALGO, your new favorite token <3That was a lot of correcting for this extremely dope token. I think we're likely seeing the bottom for ALGO going forward. I'm very bullish on this project <3 I think it has a such a bright future!
How a real inverse head and shoulders breakout looks Actual Inverse head and shoulders (IH&S) breakouts rarely occur when the IH&S is obvious to see. You know the one I am talking about, with everyone screaming "INVERSE HEAD AND SHOULDERS" going "ALL IN" because it's "SO OBVIOUS" . The ones that break out are much more subtle and even arguable. Here I see a subtle IH&S with the yellow line being the neckline. Breaking out from this should give this coin the juice to also break from the previous support of the bear market. I see a large move on the horizon.
Bless
I bet algo coin will rise fastAlgo coin should rise if it should rise soon. The graphic pattern looks pretty bull
ALGO/BTC still 200% Potential for meALGO/BTC Chart Analysis:
as I told you if we hold this Support I will buy more.
But unfortunately it was dumped bellow support level so I was exited from this trade but now again I am entering this trade.
I am looking bullish on ALGO/BTC.
I am trying to buy between 2100-2200 Satoshi. because 2000 satoshi is very strong Support.
and one more thing for Bullish.
in daily candle Bullish engulfing working so buy at this level.
entry: 2100-2200 Satoshi
Targets: 2950/3330/4200/5159 Satoshi
Stop Loss: 1980 satoshi
Support: 2100 Satoshi
Resistance: 2950/3330/4200/5159 Satoshi
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ALGO/BTC New Update with 129% Potential Targets#ALGOBTC TA Update:
Current Price of ALGO/BTC is 2300 Satoshi.
And last update I told you to buy at Support and I bought at perfect entry at support.
#ALGO Finally I bought at strong Support and waiting for Bounce from here.
I think this is very good Entry.
best Entry according to me 2200-2300 Satoshi.
Stop loss: if any candle close bellow 2100 Satoshi then I will exit with minor loss for safe side.
This is very strong Potential coin for me.
its can give huge profit in mid term.
S: 2250 Sat
R: 2913/3360/5159 Sat
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ALGO/BTC Bearish Technical Analysis HTF#ALGOBTC TA Update:
Current Price of ALGO/ BTC is 2050 Satoshi.
And last update I told you to buy at Support and I bought at perfect entry at support.
But unfortunately Support Level Broke down and Now ALGO/BTC is bearish Mode.
My Entry 2100-2250 Satoshi.
Stop loss:i told you if any candle close bellow 2100 Satoshi then I will exit with minor loss for safe side so My Stop Loss triggered.
but Again if any Candle close above 2150-2200 mean any candle close above our Green box then we can enter again with 1980 Stop loss.
R: 2913/3360/5159 Sat
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Possibility of a breakout looming :>Now amidst all the uncertainty and fear with the upcoming halving, I leave the possibility of anything happening open, and advise that you be careful and always use proper risk management when trading!
If using a sound risk management strategy, I think that certain alts (particularly the most promising ones - like algo) are looking favorable. This coin has bled a lot within the last few days, and the remaining supports are a lot stronger than the resistances. In fact, I don't foresee much difficulty breaking the resistance levels. What I think is the greatest factor to if we will see a breakout / trend-reversal is if enough momentum can be found to ignite it. I think the possibility of such seems to be favorable now, and offers a high reward to risk to ratio with a tight stop-losses at the close (but strong) resistance levels. We saw Bitcoin break-out yesterday, and sometimes alts actually stall for about a day before following Bitcoin's trend (this would be the optimal scenario, but the power of ALGO itself being a promising and desirable alt should also be considered). I'm long, let's see what happens!
ALGO/BTC Bullish TA Update for Good profit#ALGO/BTC TA Update:
#ALGO now at strong support we can expect bounce back form here.
if we lose this support then Bearish for Mid term.
I am buying some with tight Stop Loss.
if any candle close bellow 2200 satoshi then I will close this trade.
But ic an expect we can see bounce from here.
S: 2250 Sat
R: 2913/3360/4011 Sat
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ALGO USD Pretty much the same, but lowerALGO reminds me of the current BTCUSD, but much lower. It has almost the exact same waves, but goes x2 when BTC goes x3.
Bullish bat reversal trade on $ALGO/USDTCOINBASE:ALGOUSD
Is making a bullish bat pattern.
Putting my bids there. Great pattern making gains every day ;)
ALGO/BTC (Double Bottom?: up to 60% profit)ALGO/BTC
If ALGO will repeat the history to form a bottom at the same area of support, we could see a potential rally up to 4000 sats region.
The RSI is also painting a bullish divergence that perfectly coincides with the current price level and area of confluence.
This is a good setup to play a Long position and have your stop-loss placed under 2250 sats.
Go Get A Bag $ALGO #Algorand #Crypto
Daily
Looking at our trend timeframe we see ALGO continues in a minor downtrend since forming our head and shoulders pattern. Stochastic RSI showing momentum is in favor of the bears however it does look tobe slowing down. The last (2) daily candles do show some exhaustion with their wicks, possible we get a reversal at this level.
4Hour
Shifting over to our pattern timeframe we see the price is currently testing our dynamic and minor support, stochastic rsi showing momentum is in favor fo the bears with no signs of a reversal. A reversal at this level is crucial if we want to continue respecting our descending channel and retest of $0.3400, a 4hour close below $0.2625 indicates we will continue towards the downside. A 4hour bounce off $0.2670 indicates we will head towards the upside.
All Good In The Woods $ALGO #Algorand #Crypto
Daily
Looking at our highest timeframe we see ALGO has formed a head and shoulder (H&S) pattern and is currently testing our dynamic support at $0.30. Stochastic RSI showing momentum is in favor of the bears with no signs of slowing down. A bounce off this level invalidates this (H&S) however we would still need to close above $0.3200 to continue towards the upside.
4Hour
Shifting over to our pattern timeframe we see the price is currently in a descending channel, and looking to break out. Stochastic RSI showing momentum is in favor of the bears with no signs of slowing down. ALGO would need a bounce off this level to continue its uptrend behavior. A break below our channel and expect the price to continue towards our $0.2950 support, with enough momentum expect ALGO to continue towards $0.2550. With that being said we can still see a bounce from this level and a retest of our $0.3400 channel resistance. I will be looking for some exhaustion on the smaller timeframes for a sniper entry. Until then a 4hour close above $0.3099 triggers our long position, rejection from this level and expect the price to continue falling.
Lastly shown above is our accumulation chart, and we can see ALGO is approaching our buy zone. We should see a bounce from this level, if not at least some exhaustion.
