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ALGOUSDT

Algorand (ALGO/USDT analysis)📉📈 HEY traders, what's going on today ?! Since 21 Feb2021, when I posted the ' Algorand ' analysis and after reaching its ATH ,it has been declining till now ,although according to my analysis first it declined to the lower entry point then jumped from there , but wasn't able to rise more as much as I predicted . (more than 320%💰 (1x)long). So today I'm gonna have another analysis on the weekly timeframe for Algo/usdt , and as you can can see after finishing the ascendant Eliot waves , it started the corrective wave (ABC) ,and already trading below the important pivot zone and between (38.2 -23.6 ) of fibo Level . so if it be able to breakout the descending trendline and overcome the pivot zone it can retest the higher resistance zone . but otherwise it will fall again to lower support lvls. ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
by PRO_SMART_Trader
8
Algorand (ALGO) - June 30hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) Below 0.5021 is likely to be a mid- to long-term investment area. (1D chart) Below 0.3310, it is likely to enter the long-term investment realm. So, the key is whether it can move higher than 0.3091-0.3310. Rather than rising immediately, it is likely to rise after it leads to a further decline. As I said in the explanation of the BTC chart, I think that it is more likely to rise faster if it moves sideways while showing a large fluctuation. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (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.) ---------------------------------
by readCrypto
AlgousdMove up or wait? What are the benefits of Day Trading? 1. You can get trades in different market conditions. The market can be bullish , bearish , or in a range - as a day trader you can trade in all these conditions. For the crypto market, it is an obvious advantage when the market becomes bearish and you can’t trade profitably as a swing or a long-term trader. 2. You trade within the borders of a single day and it means you control all your trades. You close your trades and sleep well, without thinking how the market will move during the night. The same goes for situations when you are not at your laptop but you have active trades. 3. A lot of trade opportunities which markets give you every day. You can pick the most interesting and strong which perfectly match your trading style. 4. More trades mean better income you can get from the market. If we compare day trading with swing and long-term trading, we will see that day trading is a much more profitable approach. It is possible to make 1-5% per day as a day trader when a swing trader will dream about 10-20% per month. As for investors, they focus on 20-30% annual income. 5. More trades give you more experience and knowledge. It means you improve your trading much faster using new experience and knowledge. Day trading can highlight the strong and weak sides of your personality as a trader. You have an opportunity to improve yourself and it will need less time than if you were a swing/long-term trader. 6. More income from day trading means less capital you need to start from. You can
Long
by drfahim
Algorand (ALGO) - June 16hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The 0.5021-0.6132 section or less is likely to be a mid- to long-term investment area. Therefore, the key is whether it can move higher than the 0.5021-0.6132 section. (1D chart) An important volume profile section is formed around 0.3091. Therefore, if it falls below 0.3091, there is a possibility of entering the long-term investment area, so careful trading is required. Looking at the overall picture, the volume proifle section is formed over the section 0.3091-0.6132. Therefore, it needs to move above 0.6132 to continue the uptrend. Once you see support at 0.3310, you can make an aggressive buy with a small amount. This aggressive buy can be used as a way to increase the number of coins for profit by making short-term trades. A full-fledged buy is possible when we see support in the 0.5021-0.6132 section and rise above 0.6132. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (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.) ---------------------------------
by readCrypto
1
ALGO/USDT - Potential Short ScenarioHello Traders! ALGO price continues to move within the descending trend completing the previous market cycle. The culmination of the falling phase will be an aggressive downward exit of the price under the support level of $0.25 Medium-term purchases can be considered at $0.1440 - $0.1900. The targets of such purchases will be price levels of $0.25 and $0.36 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:ALGOUSDShort
by UnknownUnicorn10064030
1
Algo.Algo saw a clean 5 wave impulse which had begun back in march of 2020. The impulse was completed in November of 2021. Since that top, Algo has put in what looks to be a zig-zag (labeled a-b-c). -it has retraced roughly 61.80% of the entire bull run. -quadruple bullish divergence on the daily time-frame is present (very rare). -indicative that this dip could potentially be a wave (2). if i'm right about all of these alts being in a 1-2, then we are in for a ride into the skies. --- things definitely don't look too good in the world right now, the economic crisis which is happening right now would be the single biggest argument against what i'm portraying here. the only way this scenario could play out, is if something drastic changed in the world in the near future. --- i will continue to entertain the idea that these could indeed be 1-2's, but i'm also going to approach this very conservatively and with extreme care \ caution; making sure to use proper risk management if i ever was to play any of these. nothing in this market is certain, in fact, it's all extremely uncertain right now; and there is an infinite amount of possibilities which could potentially be at play. this is merely the bull case, nothing more. there is also a very probable bear case, so you gotta be very careful. don't be attached to either side, just let the market show you what it wants to do, then simply go with the flow. --- Best of luck!
by notoriousbids