Algorand Diamond BottomAnother idea that I have is algo diamond bottom pattern, in addition to my old idea of brodeading bottom pattern posted months ago. On logarithmic chart you can see the target, according to textbooks.
ps\ FIFA is in November, in case if anyone needs the news to justify that possible price increase.
ALGOUSDT
ALGO Buy Setup.Hello, dear TradingView members.
This is an ALGO idea.
ALGO is showing good buy opportunities.
I'd suggest this buy setup for a long-term trade. You can enter with a 5x leverage (max) or 1x (spot).
Entry: $0.3475
TP: $0.5010
SL: $0.3032
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
Algorand (ALGO) - October 18Hello?
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(ALGOUSDT 1W Chart)
The key is whether it can rise above the 0.3310-0.4253 section.
(1D chart)
The key is whether it can be supported by rising above the 0.3310-0.3425 section.
In order to continue the uptrend, it must rise above the 0.3722-0.3938 section.
If it goes down, you should check to see if it finds support at the 0.2865-0.3091 zone.
The 0.3310 point or lower is most likely a mid- to long-term investment area.
Therefore, it is important to keep the price above 0.3310.
However, since the volume profile section is formed around 0.4253, it is recommended to trade from a short-term perspective until it rises above 0.4253.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ALGO completes recontest - time for longUpon the break of triangular patterns, the best time to open a trade is when it comes back down to test the triangle as support. If you zoom in, this is exactly what ALGO has done.
Therefore, it is a great time to go long.
The TP levels are set on the chart, and I'm sure it will continue higher after as well.
ALGO Scalp longIdea is to take ALGO trendline breakout while BTC is bullish too:
- ATR is full at short direction
- We are under VWAP
- Market needs a pullback
- 3rd touch
- At bottom we already collected liquidity. It would be logical to go for stoplosses at high
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊
Algorand (ALGO) formed bullish Gartley for upto 34.50% rallyHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO) with US Dollar pair.
Previously we had a nice trade of ALGO:
Now on a daily time frame, ALGO has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Algorand (ALGO) - October 8Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(ALGOUSDT 1W Chart)
Whether or not it can move higher than 0.6704 is key.
To do this, it is necessary to check whether it is supported and ascends in the 0.3310-0.4253 section.
(1D chart)
We need to see if we can keep the price above 0.3310.
If it falls below the 0.2865-0.3091 range, there is a possibility that it will fall to around 0.2140.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Another potential $ALGO short play...BINANCE:ALGOUSDTPERP - Has bounced at support -
moving up towards heavy resistance (blue zone) which given rapidly declining OI and Binance crowd aping into linear "line-break" from recent high -
Not a continuation traded - aim for reversion
SL would be at prior high or narrative switch.
Otherwise. Goblin time.
ALGO longAlgo looks bullish as market is starts firing longs
⭐️ BTC has similar trendline
⭐️ Accumulating on local level
⭐️ 4th approach
⭐️ Volume at bottom
⭐️ 40 ATR
⭐️ Over VWAP
Will enter when price slowly squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
If you like the idea, please, press a like to let me know that my work is valuable for you. Thank you and trade wisely!💓😊