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Algousd

To turn into an uptrendHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOBTC 1W chart) There is no power of ascension itself. So, after March 13th, we need to see if it can rise above the downtrend line and rise above 0.0000 1448. In order to dissipate the rising power, it must rise above 0.0000 1970 ~ 0.0000 2886. Therefore, it is expected that the price should be maintained above 0.0000 1448 to start gaining momentum. -------------------------------------------------- -- (ALGOUSDT 1D chart) It is showing a move to break out of the mid- to long-term downtrend. However, in order to turn into an uptrend, the price must be maintained above 0.3091-0.3557. If it fails to do so and falls below the downtrend line, be cautious as there is a possibility of renewing lows. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2
ALGO BUllish Pennantwe've got ALGO inside a pennant formation and let me tell you, it's getting charged up for another leg up. ALGO just recently retested and broke through its trendline resistance, which was previously acting as support before the breakdown. Now, it's making a strong push to break through this bullish pennant, but you need to be careful with your trades, my friends. This is not the time to get reckless with your investments. And here's the thing, we can't forget about BTC. It's the elephant in the room, and it's the weekend, so you need to keep a close eye on it as well. You know how volatile the crypto market can be, and we can't afford to let our guard down. So, stay sharp, stay vigilant, and make your moves strategically. The name of the game is risk management, and if you do it right, you'll come out on top.
Long
by FortuneAI
Algo with perfect retest of green channel tl as supportPerfect support retest of the bottom trendline of the green horizontals channel. In reaching there price also broke above the purple falling wedge…we can also see now that price is testing the turquoise neckline of an inverse head and shoulders as well. I have put the inverse head and shoulder target and the falling wedge targets on the chart for now. Will add the channel breakout target if/when we get closer to its top trendline. *not financial advice*
COINBASE:ALGOUSDLong
by DrDovetail
3
The Ultimate Algorand (ALGO) Analysis - Bottom $0.1618On the 22nd June 2019, Algorand opened at a price of around $3.28 on Coinbase, and slightly higher on Binance. Over the next few months, it dropped to around $0.1648 (maybe $0.1618 on some exchanges) and then $0.097 at the Covid crisis. Before the 2021 bull run, in November, ALGO's Support level was around $0.2247 (Point X of the harmonic) before it began its ascend. In early February of 2021, ALGO topped around $1.8427 (Point A of the harmonic) This increase is by an exact amount of $1.618, the main number in the Fibonacci sequence. Coincidence? I don't think so. After it dropped to Point B of the harmonic, around $0.67, which is a very strong Support/Resistance level. Notice the number - 0.67 is exactly 2/3 of 100. If I multiply 0.6667 by 0.6667 I get 0.44444. 0.6667 - 0.44444 = 0.223, the EXACT NUMBER of Algorand's Support level before the bullrun. OK, now this is getting crazy. Algorand then increased by 161.8% (A-B) to create Point C (around 2.5589). It then dropped to around $1.5144 - the 0.444 support level (which I have marked "S"). (Remember that 0.4444 number from earlier? Yeah.....) The price was then manipulated up to around $2.99-$3. This manipulation point is a whole new conversation involved with even more complex numbers and I think its best we avoid this in this argument, since it doesn't affect this current idea. ANYWAY, if we ignore the manipulation which we usually do in these circumstances and create Point C as our harmonic level, we can see that BC is a +1.618% of AB. Now if we draw a fib between ZERO and A we get 0.618 which is at point B OR if we draw a fib between $0.223 (Start of 2021 bull run) and $1.84 ish (Point A), we get the retracement value around 0.707 which is half of the value of 1.414, and 1.414 is the square root of 2. So AB is (XA x half of the square root of 2) and the next move entails a 1.618 move of that figure. Crazy maths... Anyway, In a standard AB=CD HARMONIC PATTERN, we have 3 different variations, AB=CD, AB=CDx1.272 or AB=CDx1.618. The most common one is 1.272, which is the square root of 1.618. Now what happens if we measure BC x 1.272? The answer is a price of ALGO of $0.1618. As soon as I saw that it hit me. That's the bottom. $0.1618, the Fibonacci golden number will likely be the bottom of Algorand in this cycle. So what is the profit target? So I checked a few measurements. I tried CD x 1.618 (if we hypothetically say that $0.1618 is the bottom of Algorand this cycle) and that gave me a figure of around $4.03. I also did (All Time High minus All Time Low) x 1.272 (the square root of 1.618) and that gave me a similar figure of around $4.03. OH ALSO, one last thing... Algorand is currently in a Bear Flag, the target is around $0.223-0.226 to Buy the bounce. It will go lower around Christmas time, but if you look at the 1.414 level (square root of 2) of the Bear Flag, it also reaches the same point around $0.1618!
by reiiss7
6
ALGO - Fib Time & Space Predictions using the Power of PyramidsALGO - Fib Time & Space Predictions using the Power of Pyramids the length of each segment of the blue rektangles is equal to the time price spent inside of the price range of the pyramid (diamond) so using pyramids give us knowledge about time AND space that lower triangle caught my eye a while back and i had to leave it on there interestingly it lines up well with the fib spiral the angle of the center line of the pyramid tells us about the ratio of the blue rektangles the golden ratio and eureka! the yellow lines are the fib time tool the coordinates being the time price spent in the range of the pyramid exactly matching my blue rektangles Let's watch how this goes
COINBASE:ALGOUSD
by antempire4
2
Algo turning point! Crypto Altcoins #CryptoWhale100Billion Alt Coin Analysis: Algo My Analysis shows that Algo has been holding at the .24 cent market for a few days now, filling up bear pockets. Algo has been falling for quite some time from an all-time high at $2.79 and crashed to .24 cents. A lot of sell-off, but this coin has the potential of stake rewards of Algo 5.75%+ interest which will give you more reward of Algo over the longer time of holding it. I can see it moving back to .285 cents and .33 cents. Indicators show strong resistance using common pass strategies indicators to see cryptocurrency patterns. Rsi giving an Upper trend, Macd crossing over to the higher side of the trend. Candlesticks holding the resistance for over a week. I am more bullish on Algo to .284-.33 cents. For bearish to .19 cent. Shoot me a message with your Technical Analysis to see your thoughts and trading strategies. #CryptoWhale100Billion Press The Thumbs Up and shoot me a message below what your idea on KNC will hit. Thank You for the support! Below are some Previous chart links I've written for Reference.
COINBASE:ALGOUSDLong
by CryptoWhale100Billion
4