ALGOThinking ALGO ran The Fib extension gambit here all the way to $3 back in Aug 2021. (luckily some of our members took part in this move as I alerted the buy around $1 I think back in July 1 month prior) since then Algo stays inside 1 brutal correction and I'D say .53c gets tested B4 we can resume the run. But the wick to .67c bottom channel TL does show massive support.
So kinda hard to call here, but if my BTC analysis is correct in projecting BTC double bottom after we finish this B wave then ALGO will likely hit my lower bearish targets. If my BTC analysis is incorrect then likely ALGO has bottomed. Let's keep an eye on this.
ALGOUSDT
Liquidity Grab #AlgoIn a weekly TF , market been range bound. On the Hindsight it took the liquidity off the upper range .. now is the time to gain it at Below the range .. IMO there is a big liquidity pool below the range low ( Equal Lows ). Breaching that and closing in the range will be a very bullish signal for #Algo
ALGOUSDT 4H Analysis🟢#ALGO/USDT
$ALGO is trading inside descending parallel channel and now it is below the upper line that is the same with resistance zone.
break out from the upper line can increase the price to the resistance zone between $1 and $1.05.
also, it is possible that the price drops to the support zone around $0.77 and shapes a reverse head and shoulders then try to break out from the upper line.
break below the support of $0.75 will drop the price to support zone between $0.7 and $0.65.
⚠ This Analysis will be update
🤵🏻 Analyzed By: AmirHossein
📅 02.26.2022
⚠️ (DYOR)
Algorand vs Tether (Some Bearish Signals)Algorand (ALGOUSDT) is on a bullish trend.
It has been moving higher and hitting new highs.
In fact, a new ATH was hit last weak but the candle ended closing red with a long upper wick; bearish.
This week candles we see ALGOUSDT moving below EMA10 (confirmation only when the weekly candle closes), another bearish signal.
And the is curving with lots of room to retrace:
We have bearish divergence as well.
These are all bearish signals.
The RSI is still strong but curving/trending down.
Growth can resume after the correction takes place (green arrows).
Thank you for reading.
Namaste.
ALGOUSDT SETUPALGORAND price is trying to break that consolidation zone where it stuck from some session. and during that time it successfully broke the trendline resistance and now the bull's effort can be tested. They are trying to retain their dominance quite well and maybe they will pull the price towards the 1.60 level.
ALGO/USDT 4 HOURS UPDATE Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
ALGO/USDT breaks this DESCENDING CHANNEL pattern and now retests it.
Entry: CMP
Targets: 20%TO 25%
Stop Loss: $0.866
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
ALGO/USDT 6 HOURS UPDATE Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
#ALGOUSDT is about to break this symmetrical triangle pattern.
LONG: CMP
TAKE PROFIT: 20% to 30%
SL: 0.9750
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
Algo long set up$algo #algorand still like this long set up because of how tight the R:R is. Need to break back above 20MA to stretch out to next resistance. Note that the top of BB is aligned to 50EMA
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Algo long set upsooo there is a lot of upside here. Definitely areas of resistance in between BUT I like it. a lot. Especially if $btc is doing its thing in Feb. Wait for confirmed close above zone.
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
ALGO PLAYS CATCH-UPAlgorand is displaying the early signs of a bullish reversal, flipping the daily 20 EMA (exponential moving average) into support around 1.05 USD, is the confluence needed to reinforce this trading idea.
Many big cap altcoins are beginning to chase liquidity, and you could not have asked for a more clean technical set-up here.
If the D1 20 EMA becomes support, then the next resistance is at $1.30USD.
Once in profits, manage your own risk accordingly (move up stop losses into break-even for a risk-free trade is but one example).
SUPPORT 1: $0.90 USD
SUPPORT 2: $1 USD
RESISTANCE 1: $1.30 USD
RESISTANCE 2: $1.60 USD
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ALGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ALGO is sitting around a strong support in green so we will be looking for buy setups.
on H4: ALGO formed an ascending triangle in orange but it is not ready to go yet.
Before we buy, we want the bulls to take over.
Trigger => Waiting for a momentum candle close above the gray area to buy.
Meanwhile, until the buy is activated, ALGO would be overall bearish and still dive inside the support zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ALGO at long term support#ALGO/USDT
$ALGO is at long term support zone,
it can rise to resistance of $1.1168 that is around half of the bearish master candle, then drop another time to support zone.
holding support will head it up to resistance zone between $1.4 and $1.6
break down from support zone can drop price to $0.5 and $0.388.
ALGOUSD D2: 500%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)Why get subbed to me on Tradingview?
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ALGOUSD D2: 500%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ALGOUSD D2 chart review
::: chart looks good /strong
::: setup still valid as of right now
::: noteworthy compression in progress
::: expecting one final pullback soon
::: get ready to BUY LOW later
::: best reload bulls near 60C later
::: expecting 500% bull run
::: re-test of sliding S/R line
::: near 3.50 USD later
::: BULLS stay out be ready later
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +500% gains later
::: expecting decent gains soon
::: 30-45% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +500% gains / 3.60 USD
::: BEST reload BULLS near 60C
::: TP BULLS is 3.60 USD+ final exit
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
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