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Algousd

ALGORAND Rising WedgeGot news for you: ALGORAND's not the only altcoin trending in a RW pattern. There are many others. Upper shadows are long and deep above microtrend resistance, volume is relatively low on the upthrusts. Blood is in the forecast, but perhaps not before another bull trap rally. Don't get fooled by the FOMO. Stay safe! Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with exceptionally high win ratios (80-85% average). I've been a fulltime crypto trader/investor since 2017, and I handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Not financial advice. Always DYOR & trade at your own risk.
COINBASE:ALGOUSDShort
by jalapablo
2
Algorand (ALGO) - November 28Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOBTC 1W chart) In order to get the power to rise, it must be supported by rising in the range of 0.0000 1970 to 0.0000 2452. --------------------------------------- (ALGOUSDT 1W Chart) In order to continue the uptrend, it needs support by rising to the 0.4253-0.6132 zone. To do so, the key is whether it can rise above 0.3310. (1D chart) We need to see if the price can sustain it by moving above 0.2651. If not, you need to check if there is support around 0.2140. Since the HA-Low line is located near 0.3101, it should either move sideways until it declines or swing it up and down to make it fall. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If this chart is shared, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (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
Harmonic Decomposition of Trend Exhaustion - - ALGOUSD (1h)L I N E - W O R K : The foregoing, and more, populate my Object Tree, which is summarized as a separate item, below. Any line or drawing tool that I use frequently is saved as a color-coded template for rapid repetition. Fib Space - A concrete Leading Indicator comprising several overlapping Fibonacci Trend-Based Extensions and a Retracement or two. Rather than to find Support & Resistance, its purpose is to target Volatility as the areas between highlighted zones. AVWAP Array - A fluid Leading Indicator comprising several overlapping Anchored VWAPs, as well as some some standard and nonstandard deviations and anchor-points. Although Price itself behaves violently when interacting either with VWAPs, experience shows that the crossing of key VWAPs is a Leading Indicator of high Volatility. Among the VWAps, three in particular deserve special attention, namely the 1.272 Std Deviation VWAP since the chart’s inception, below the current price, as well as those marked by this year’s dates of 2.24 (two-tone red) and 9.8 (two-tone green), above the price. Further line-work includes a Schiff Pitchfork implied by the right wing of the pattern (points ABC), and a section of a larger bullish arrow consequent to a larger Bullish Harmonic Reversal Pattern that does not fit within the hourly chart. Notice the use of S-Curves as projected future trend lines, following the conservative path of Maximum Market Pain. Price is like a pendulum. It does not move in straight lines; rather, it describes the struggle between buyers & sellers pulled into maximum commitment before shorter term swings. See below for more on Harmonics. . . . . . . . . . . . . V O L U M E : The various horizontal histograms of volume simply indicate accumulation and distribution. Volume Profiles, however, serve two purposes. 1) As a Lagging Indicator, to discover ranges of Supply & Demand, and the all-important Mean, and 2) as a Leading Indicator to corroborate entries, profit targets and stop-losses, as well as any discretionary management of the latter, if needed. Notice that each day, beginning with the Tokyo Session at 12:00 UTC, has its own 24-hour Volume Profile (see the Object Tree, below). None of these are as useful as the custom construction in my Object Tree under the name AWAP Array. In this case, Volume has been healthy partially due to the ongoing FTX Crash (as of this writing), and ALGO tends to have high Volume in general, making it a good indicator of the health of the sector. A recent spike in selling has dropped price to point C which, for those less familiar with them, is NOT considered complete until confirmation at D. . . . . . . . . . . . . V O L A T I L I T Y : This is the least understood of the the three fundamental axes of trading, or at least of my style. In any timeframe, price rises more slowly than it falls, which is to say that Volatility is the opposite of price variation. To see Volatility with any hope of clarity, it is essential to remove innate directional bias. In general, it rises sharply and declines slowly. The Question, even more than HOW FAR?, is WHEN? The mystery of Volatility tests, and rewards, patience. Generally and in this case, too, the greatest Volatility occurred at X, which coincides approximately the 9.8 VWAP and the midpoint between the price drop begun near the 2.24 VWAP and the bottom of that swing, at A. As expected, there is a rise leading into the midpoint of the pattern, B, which is also the second highest price (so far). Another peak in Volatility may be expected at D, if it is reached. Again, see below for more on Harmonics. . . . . . . . . . . . . T R E N D - E X H A U S T I O N : In order to maximize the Risk:Reward ratio, one must act at the edges, or as close as possible. Therefore, one needs an improving sense of where the potential for reversal is highest BEFORE price reaches it. Like Volatility, and unlike Volume, it is impossible to measure directly, and yet with clean Line-Work and a sound market narrative, or trade thesis, various containment and decomposition techniques exist to estimate probable areas in a chart where price vectors will reverse. In this case, a Schiff Pitchfork is implied by interwoven patterns, among other evidence. Although the Price Action in the near term may be described by it, a larger Bullish Reversal Pattern (to large for the hourly chart) appears to have completed as well, implying an even larger set of Pitchforks. . . . . . . . . . . . . H A R M O N I C S : Whether by definition or analogy, harmony implies cooperation between two or more agents. To draw X5 patterns without understanding which elements one seeks to reconcile is like a chimpanzee playing with an iPad. When I draw them, I visualize the interplay of 1) the Range between Supply & Demand, 2) the Volume Spread and 3) Probability over Time. In this case, in addition to the much larger (green) Bullish pattern completing, a smaller such pattern can be seen in the (red) Bearish Reversal Pattern whose CD Leg comprises the vector of the trade. In effect, the trade can also be seen as the AD Retracement of the smaller Harmonic Bull, since it coincides with the ABC Fib-Based Trend Extension. Upon the Red W-Pattern are superimposed two smaller bullish patterns, one completed and one potential. Of these, the second marks a point, or an area, of risk along CD Leg. . . . . . . . . . . . . F O R E C A S T : Trading the CD Leg of a Reversal Pattern is technically premature, and risky. In this case, not only the coincidence of the Fib ratios but several factors of the Big Picture, as well as the Indicators make this a decent t proposition. As always, there is a point between 1/2 and 2/3 up the vector when it will be tested (and where it tends to fail, if it does fail) therefore some profit may taken along the way. Considering the high R:R Ratio and the duration of the swing, it’s not a bad idea to de-risk. On this timeframe as of this writing, price is testing the 1.0618 custom “Overthrow” line in the template marked as a “Moving Stop Loss”. Considering recent price drops, this retest near the prospective bottom suggests support rather than a further run to the downside. Also, being a holiday weekend with other markets closed, crypto may indeed have an upsurge due to bored and/or her-eager traders. Setting the left edge of the window to the peak above X, near the 8.9 VWAP, shows the Point of Control of the Visible Range Volume Profile to be above the current price, further suggesting a price reversal in this zone. _____________________________________________________________________ O B J E C T - T R E E : The most overlooked tool in Tradingview is the Object Tree. When cleverly rooted, it enables the chartist to arrange (i.e layer) the Drawings and Indicators (if any) and then selectively toggle them on and off. I am sometimes asked about my suite of indicators, which I have listed below, per the order in which they are layered. (The settings I use are beyond the present scope.) A more relevant detail is that the major Volatility Indicators are placed in the upper windows while those which measure Volume appear in windows below the price action. In the main window, the preference is inverted. Any original Line-Work that I might create is collected beneath all (12) Indicators. Again, the purpose of this groundwork to deliberately overlap objects and to selectively turn them on or off like light bulbs in order to discover and/or important but not obvious facts about the potential action space. . . . . . . . . . . . . Tesla Coil ____________________________________ Average Volatility Movement ____________________________________ Buying & Selling Pressure Average True Range (Line) Average True Range (Histogram) ____________________________________ ALGOUSD, COINBASE, 1h Indicators VSA v6 Volume Pressure Analysis Time Segmented Volume Bands Visible Range Volume Profile Periodic Volume Profile Daily High/Low/Mid/Open/Close+Weekly/Monthly Open Volatility Stop MTF Volatility Bands by DGT Double SuperTrend ATR Moving Average Shaded Fill Area Crossover EMA Moving Average Ribbon >📁”Object Group 1” >📁”Object Group 2” >📁”etc.” ____________________________________ Time Segmented Volume Bands ____________________________________ Heatmap Volume Volume Analysis Time Segmented Volume Bands . . . . . . . . . . . . R E M A R K S : I will attempt to post a larger, higher timeframe view of the position, showing the major Bullish Reversal possibly beginning, or at least the end of selling pressure. 🧸
COINBASE:ALGOUSDEducation
by TheLeadingIndicator
2
Trading CD Leg of Harmonic Pattern: 7.77:1 Long ALOGUSD (1h)L I N E - W O R K : The foregoing, and more, populate my Object Tree, which is summarized as a separate item, below. Any line or drawing tool that I use frequently is saved as a color-coded template for rapid repetition. Fib Space - A concrete Leading Indicator comprising several overlapping Fibonacci Trend-Based Extensions and a Retracement or two. Rather than to find Support & Resistance, its purpose is to target Volatility as the areas between highlighted zones. AVWAP Array - A fluid Leading Indicator comprising several overlapping Anchored VWAPs, as well as some some standard and nonstandard deviations and anchor-points. Although Price itself behaves violently when interacting either with VWAPs, experience shows that the crossing of key VWAPs is a Leading Indicator of high Volatility. In this case, further line-work includes one of the Pitchforks implied by the right wing of the pattern, and a section of a larger bulls arrow consequent to a larger Bullish Harmonic Reversal Pattern that does not fit within the hourly chart . . . . . . . . . . . . V O L U M E : The various horizontal histograms of volume simply indicate accumulation and distribution. Volume Profiles, however, serve two purposes. 1) As a Lagging Indicator, to discover ranges of Supply & Demand, and the all-important Mean, and 2) as a Leading Indicator to corroborate entries, profit targets and stop-losses, as well as any discretionary management of the latter, if needed. None of these are as useful as the custom construction in my Object Tree under the name AWAP Array. In this case, Volume has been healthy partially due to the ongoing FTX Crash (as of this writing), and ALGO tends to have high Volume in general, making it a good indicator of the health of the sector. A recent spike in selling has dropped price into the C-Point of the pattern which, for those less familiar with them, is NOT considered complete until confirmation of the D-Point. . . . . . . . . . . . . V O L A T I L I T Y : This is the least understood of the the three fundamental axes of trading, or at least of my style. In any timeframe, price rises more slowly than it falls, which is to say that Volatility is the opposite of price variation. To see Volatility with any hope of clarity, it is essential to remove innate directional bias. In general, it rises sharply and declines slowly. The Question, even more than HOW FAR?, is WHEN? The mystery of Volatility tests, and rewards, patience. Generally and in this case, too, the greatest Volatility occurred at the X-Point, which coincides approximately with the two-tone Green VWAP and the midpoint between the price drop begun near the two-tone Red VWAP and the bottom of that swing, at the A-Point. As expected, there is a rise leading into the midpoint of the pattern (B), which is also the second highest price (so far). Another peak in Volatility may be expected at point D, if it is reached. . . . . . . . . . . . . T R E N D - E X H A U S T I O N : In order to maximize the Risk:Reward ratio, one must act at the edges, or as close as possible. Therefore, one needs an improving sense of where the potential for reversal is highest BEFORE price reaches it. Like Volatility, and unlike Volume, it is impossible to measure directly, and yet with clean Line-Work and a sound market narrative, or trade thesis, various containment and decomposition techniques exist to estimate probable areas in a chart where price vectors will reverse. In this case, a Pitchfork is implied by interwoven patterns, among other evidence. Although the Price Action in the near term may be described by it, a larger Bullish Reversal Pattern (to large for the hourly chart) appears to have completed as well, implying an even larger set of Pitchforks. . . . . . . . . . . . . H A R M O N I C S : Whether by definition or analogy, harmony implies cooperation between two or more agents. To draw X5 patterns without understanding which elements one seeks to reconcile is like a chimpanzee playing with an iPad. When I draw them, I visualize the interplay of 1) the Range between Supply & Demand, 2) the Volume Spread and 3) Probability over Time. In this case, in addition to the much larger (green) Bullish pattern completing, a smaller such pattern can be seen in the (red) Bearish Reversal Pattern whose CD Leg comprises the vector of the trade. In effect, the trade can also be seen as the AD Retracement of the smaller Harmonic Bull, since it coincides with the ABC Fib-Based Trend Extension. . . . . . . . . . . . . F O R E C A S T : Trading the CD Leg of a Reversal Pattern is technically premature, and risky. In this case, not only the coincidence of the Fib ratios but several factors of the Big Picture, as well as the Indicators make this a decent proposition. As always, there is a point (orange) between 1/2 and 2/3 up the vector when it will be tested (and where it tends to fail, if it does fail) therefore some profit may taken along the way. Considering the high R:R Ratio and the duration of the swing, it’s not a bad idea to de-risk. _____________________________________________________________________ O B J E C T - T R E E : The most overlooked tool in Tradingview is the Object Tree. When cleverly rooted, it enables the chartist to arrange (i.e layer) the Drawings and Indicators (if any) and then selectively toggle them on and off. I am sometimes asked about my suite of indicators, which I have listed below, per the order in which they are layered. (The settings I use are beyond the present scope.) A more relevant detail is that the major Volatility Indicators are placed in the upper windows while those which measure Volume appear in windows below the price action. In the main window, the preference is inverted. Any original Line-Work that I might create is collected beneath all (12) Indicators. Again, the purpose of this groundwork to deliberately overlap objects and to selectively turn them on or off like light bulbs in order to discover and/or important but not obvious facts about the potential action space. . . . . . . . . . . . . Tesla Coil ML ____________________________________ Average Volatility Movement ____________________________________ Buying & Selling Pressure Average True Range (Line) Average True Range (Histogram) ____________________________________ ALGOUSD (1h) Indicators VSA v6 Volume Pressure Analysis Time Segmented Volume Bands Visible Range Volume Profile Periodic Volume Profile Daily High/Low/Mid/Open/Close+Weekly/Monthly Open Volatility Stop MTF Volatility Bands by DGT Double SuperTrend ATR Moving Average Shaded Fill Area Crossover EMA Moving Average Ribbon >📁”Object Group 1” >📁”Object Group 2” >📁”etc.” ____________________________________ Time Segmented Volume Bands ____________________________________ Heatmap Volume Volume Analysis Time Segmented Volume Bands . . . . . . . . . . . . R E M A R K S : I will attempt to post updates, and a larger, higher timeframe view of the position, suggesting a major reversal for Algorand (for reasons beyond the scope of the chart alone). 🧸
COINBASE:ALGOUSDLong
by TheLeadingIndicator
34
ALGO Loading up for a move! Here's a quick look at ALGO 30 min chart. As we can see, the price has been forming a symmetrical triangle and we will see a breakout soon! Keep an eye on this setup! The best entry would be when the price breaks above 0.302$ with a good amount of volume. ------------------------------------------- The idea is: Buy when the price breaks above 0.302$ and take profits at the levels shown in the chart. Targets: 1. 0.306$ 2. 0.31$ 3. 0.327$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
6
ALGO's remarkable growth!ALGO has registered a growth of 11% in the last 24 hours. The price of this currency, which is in a range trend in the daily time frame, broke (fake) its support level in the range of 0.26 to 0.28 dollars. The support of buyers has led to the return of high prices in this area. Therefore, we expect a good reaction in case of a pullback to this area. The overall trend momentum is still bearish, and there is selling pressure in the market. The price trend of this currency is upward in the 1-hour time frame, but considering the range of the trend in the 4-hour time frame and the resistance in the range of 0.32 to 0.33 dollars, we expect a negative reaction to this range. For the next week, if this currency returns above the range of $0.36, it is likely that we can see an upward trend in the 4-hour time frame.
by MonoCoinSignal
1
Keep an eye on ALGO! World Cup starting this weekend!Here's a quick Look at ALGO 2 hr chart. As we can see, the price has been forming an inv. head and shoulder pattern and we could see a break above the neckline soon - It all depends on BTC! Also, World Cup starting this weekend - we should expect some movement from ALGO! The best entry would be when the price breaks above 0.285$ with a good amount of volume. One to keep an eye on. ------------------------------------------- The idea is: Buy when the price breaks above 0.285$ and take profits at the levels shown in the chart. Targets: 1. 0.293$ 2. 0.3$ 3. 0.318$ 4. 0.338$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
3
Algorand (ALGO) - November 16Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOBTC 1W chart) In order to gain the power to rise, it must rise in the 0.0000 1970 ~ 0.0000 2452 section and show support. ---------------------------------------- (ALGOUSDT 1W Chart) The key question is whether it can rise to the 0.4253-0.6132 range. To do that, we need to see if it can rise above 0.3310. (1D chart) Below 0.3310 is likely de facto long-term investment territory. Therefore, it is important to keep the price moving above 0.3310 quickly. If not, a decline below 0.2140 is likely. -------------------------------------------------- ------------------------------------------- ** 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. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (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
Trading Signal For ALGOUSDT Algorand Trading Setup: There is a Trading Signal to Buy in ALGOUSDT Algorand . Traders can open their Buy Trades NOW ALGOUSDT Algorand ⬆️Buy now or Buy on 0.235 ⭕️SL @ 0.215 🔵TP1 @ 0.303 🔵TP2 @ 0.400 🔵TP3 @ 0.470 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
2
An even bigger inverse h&s pattern appears on ALGOOn our way to hit the 2 targets I posted about previously from former inv h&s neckline breakouts, algo has now brought price action above an even higher inverse head and shoulder neckline. Stoch RSI is pretty over extended at this point so it would not surprise me at all if we see a dip back down to retest the neckline or even a few wicks or a candle close below the neckline before we are ready to validate the breakout above this new neckline. Of course, it could also just decide it wants to pump all the way to our next measured move target with no correction at all. I will keep hodling, but if I was leveraged i would dial down a good portion of my leverage after hitting the previous targets and try to add it back in upon a successful retest of the new neckline as support…if we do dip below the neckline as long as it holds the 50ma as support any dip below should be temporary. We maintain overall support on the 50 and then solidify support on the white neckline here we will likely validate another inv h&s breakout by the time algo’s golden cross occurs. *not financial advice*
COINBASE:ALGOUSD
by DrDovetail
1
ALGO/USDT - LONG 12H TF----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ #ALGO/USDT ⚡️⚡️ Client: My-Binance Futures Trade Type: Breakout (Long) Leverage: Cross (2X) Entry Targets: 1) 0.4550 - 100.0% Take-Profit Targets: 1) 0.4843 - 20.0% 2) 0.5297 - 20.0% 3) 0.6062 - 20.0% 4) 0.6742 - 20.0% 5) 0.7319 - 20.0% Trailing Configuration: Entry: Percentage (0.0%) Take-Profit: Percentage (0.0%) Stop: Breakeven - Trigger: Percent (10.0%)
Long
by Mahdicryptodotma-pro
ALGOUSD Potential Golden Cross can send it to 0.800.Algorand (ALGOUSD) is having an impressive rise since November 02 where after a small pull-back, successfully tested the 1D MA50 (blue trend-line) as a Support. Yesterday it even broke above the 1D MA200 (orange trend-line) for the first time since January 13 and that is on its own a major bullish break-out. However on this chart we want to focus on the emerging Golden Cross pattern on the 1D time-frame (when the 1D MA50 crosses above the 1D MA200). A potential new Golden Cross, can have the immediate "rally effect" of those that took place post 2020. As you see there have been three occurrences (July 15 2020, January 07 2021 and September 21 2021) all posting similar MACD patterns as today's. As you see the rallies that followed the Golden Crosses have been very aggressive. For better illustration and comparison purposes, we have put them all inside a table. Those of July 2020 and Sep 2021 have been on similar magnitude while Jan 2021 has been a bit stronger. Assuming a similar rally takes place, ALGO could reach as high as 0.800, which is around the May 08 High (Resistance 2). Of course we need to consider 0.5100 and Resistance 1 as well. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:ALGOUSDLong
by TradingShot
5