SHORT ALGO- Back to 25 CENTS price action on algo along with the rest of the market has solid signs of bearish consolidation
a retest of 25 cents lines up with the pervious historical support back in the 2020 bullish impulse
ALGOUSDT
ALGO/USDT 80% Potential Upward if Break This Resistance#ALGOUSDT Technical Analysis:-
#ALGO Trading at SuperTrend Resistance $0.42
If Price Break This Resistance Then We Can see 30% to 80% Upward Move from here.
Resistance:- $0.5/$0.62/$0.75
Stop Loss: $0.367
Algorand longAlgorand bounced off the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.495 is possible.
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for ALGOUSDT
The chart includes S2 line (which used to be a resistance line) and after being rejected at some points, the price could rise over the line and we had a failure in break for the price. Then it faced a severe decline up to S1 and continued its rising tend and at the present, it is fluctuating in S1 area. We believe either the price is going to move over S1 and by a fixing trend, it will move toward R1 area. Or the price will lose the support and move below S1 and then fall toward S2 line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ALGO inverted head and shoulders#ALGO/USDT
$ALGO shaped inverted head and shoulders pattern and now try to break out from neck line.
🐮 breaking out from neck line will increase price to touch resistance zone between $0.47 and $0.49.
ALGO/USDT BUYING SETUP (SWING)ALGO potential rejection after hit demand area and continue upward movement .we can close if can't break resistance at $0.425 area
Buy zone : 0.38 - 0.365- 0.355
Target : 0.4196 - 0.4521 - 0.4952 - 0.5761
Stop : 0.345
ALGO Update - turned bearishUpdating my previous chart (linked below), this coin has a local support zone highlighted in the green zone.
It broke the ascending triangle (neutra) formation going down in price, which means it turned bearish for the short term (1-2) weeks.. and that's exactly what we are seeing right now.
It is not showing any strength, and I am assuming the trend will continue down, where a lot of buy orders are waiting in the green zone.
In the buy zone, I will upload another analysis to see if it's time to buy or not.
ALGOUSDT Analysis (LOCAL VISION)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 0.48 and 0.56
after first target reached move ur stop to breakeven
Stop: ~0.35 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Algo scalp short
SCALP Call TECHNICAL EXPLANATION:
Birbicator Algorithm Shows For 'ALGOPERP' A 'Bearish' Signal.
Algo Obvious patterns!Here is a update analysis on Algo. We about to see algo move up trend in the next few weeks. All blue arrows shows how long you should be holding algo for to profit. Algo have potential of hitting over $3 Rsi looks similar from all its previous lows. Make sure you do your own research before buying.
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for ALGOUSDT
As you see the S1 line, it shows the support of the price at some points. Then after a rising trend, the price reached its highest amount and had a falling trend again. Although we had a failure in break, the price was rejected again due to the sellers' pressure and then it lost its previous support area (now it is R2) and reached the S1 line. At this point, the price had a rise again and now it is fluctuating below the R1 line. We believe the price will have a decline to S1 line and have more fall and also it may move above the R1line and face more rise.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Algorand (ALGO) Buy ZoneAlgorand (ALGO) Buy Zone
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BIAS
Mid-Term : Neutral
Risk : Medium
We’ve seen high volume spike on this beast over the last 2 weeks, with closes below support and spikes of buying volume.
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$ALGO/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 0.39 - 0.38
TP 1 : 0.398
TP 2 : 0.408
TP 3 : 0.418
TP 4 : 0.43
TP 5 : 0.443
TP 6 : 0.455
TP 7 : 0.473
TP 8 : 0.495
Stop Loss : 0.3665
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
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short ALGO$ALGO is trading below its local support level. Further decline to support at recent low at 0,35 $ is likely to happen.
ALGO TRIANGLEMy analysis on ALGO is pretty much the same as my BTC analysis. Bearish triangle. After this triangle we'll probably fall into a five wave pattern to the downside. I'll be taking up a short position once the E wave has been confirmed. (At the bottom of the pattern) just in case I'm wrong. If this pattern plays out, I'll be able to catch it from the beginning of wave 5 and ride it down. Because when BTC breaks support there will probably be a big fear selloff.
Remember in the time of a Bear market this is when you can get rich. You can accumulate more for less. But wait till the market is chilling out. You don't want to be buying the dips that keeps on dipping. At least I don't.
Watching ALGOLooking at the chart on this 4hr timeframe, I'm seeing what could be a possible W pattern forming. I'm waiting for a break above the local resistance. To place a long. If this break fails I have an short target once support is broken. The support has been tested at least three times. The more test, the weaker it becomes. So it's a wait and see for me. I'll be using a stops near each support that is crossed because indecision is in these areas, as well as accumulation. I'm also using ema crosses to confirm my entries. Watching momentum using STOCH. Basically keeping the charts as clean as I can and watching price action.
#ALGO/USDT 1DAY UPDATE BY CRYPTOSANDERS Welcome to this quick ALGO/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- ALGO/USDT PARALLEL CHANNEL brake the green and trandline and buy the retest green zone. PARALLEL CHANNEL green zone. (SPOT CALL)
Entry:-$0.4230,$0.4625
Traget:- 30%
Stoploss:- $0.3555
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
$ALGO - Macro almost done. $ALGO is in an interesting spot here:
- Bullish divergences are bleeding through the chart.
- The bounce from the last dip was directly from the 0.9 fib level.
- There is a EW case for this final push down to be wave 5 of 5 of C.
HEre is the subwave count and the support level I expect the final bounce to be from:
ALGO ascending triangle - neutral for now.Similar to some other alts, algo is also in a ascending triangle pattern, and this is a neutral indication. Don't know yet where it will go, so we will wait for a confirmation. Some possible resistance and support zones have been highlighted
Algo Bull incomingAlgo just increase its stake reward on coinbase the highest earner rewards. Massive buying volume have already started Algo stake reward payout daily and higher then most other coins atm. Coin have potential moving up in the next few days. Algo reach its low at .35cent and pulled back .10 which is very low. The RSI have shown double bottom inverse.
2022-05-16 ALGOUSDT Long IdeaMy thoughts on KUCOIN:ALGOUSDT :
**Daily:** Price has moved down to a key demand level aligned with the green box at 35c. From here we have seen a good reaction with a reasonable amount of volume entering the market - however, we are still clearly in a downtrend, and every failed attempt at a recovery creates more low timeframe supply zones (red boxes) that will have to be overcome to regain bullish momentum.
**4H:** Price has recovered past the 10/20EMA cradle and is shaping up for a recovery push. Key levels to watch will be the 50 Fibonacci level from the recent bearish move (as aligned to the 4H 100EMA in yellow) and the 61.8Fib level (as aligned to the low timeframe supply block in red).
**1H**: Showing an interesting area for a short term long play. I've marked areas for consideration for accumulation, and where a stop loss should be placed. Targets have been set based on the higher timeframe confluences.
*Ideas only, not financial advice*
[ALTCOIN] ALGOUSDT TREND LINE ANALYSISHello, everyone
We're a team that specializes in chart analysis
We will always analyze and provide you with charts to help you sell
There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
Personally, I don't like it because it's a coin that has often shown me playing with the trend line.
For example, around here, when a rebound was expected, he often showed a green frog-like appearance that he supported in the line that was always expected to break and break.
There has been a rebound in the current support section, but it seems that it will show a good performance only if it is raised more strongly to break through the thick yellow upward trend and retest.
$ALGO 3D Support Break$ALGO / Algorand with the clear break and hold under the .559 key level stretching back 3 years. Already a bit low for my liking, but target levels are as shown.
Invalidated with a close above .56 again.
