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ALGOUSDT

Algorand (Sideways Trading)Algorand is still trading sideways after forming a Large Bull Flag Pattern (blue triangle) after seeing an increase of 187%. ALGO is now stuck in the green rectangle ( resistance zone ). Breakout expected to the upside, with a price target of $2.49-2.60 per Algo. The relative strength index was also trending down (during the formation of the Bull Flag ) however, the R.S.I is now stuck in the "resistance zone" as well. Trading is generally staying above the red-line in the R.S.I Chart (signaling an impending breakout possibly). Expect resistance at 80% on the R.S.I. [ b]Support at $1.70-$1.50, with a "floor" (high level of support) at $1.50. Ceiling at $2.00 (high level of resistance).
Long
by marcosdaunte
Why breakout never worksHello traders! This is another educational post just to break your false perspective which will benefit you and it will also help you not to fall into the trap of uneducated traders. I have seen traders who just make a trendline line and put a bullish arrow and say that after the breakout price will go to heaven but in reality breakouts never works and they are very far from reality. If you buy a breakout blindly then there is only 1 out of 6 chance that you are correct. In other words, you will keep losing again and again with that strategy. So why breakout never works? The patterns that we see are illusions, they are not real but the market does react to the trendlines and patterns. What I mean by the reaction is that after a breakout market forms different kinds of reactive patterns. These patterns help the market to move further up or they push the market back in the trendline and most of the time these pattern pushes the market back in the trend. If you can figure out what pattern is formed after the breakout then you can predict easily that the breakout will work or it will fail. Do your research and ask the questions. Here is the tip: Selling on bullish breakouts is more effective than buying on bullish breakouts.
Education
by Aadil1000x
1
ALGO TA OCT 26ALGO went up reaching 2.1 lvl. It is possible to make a reversal after finishing the abcd pattern(black) and it did at the 1.61%. Algo could go down to 1.75 lvl to finish the D of the shark pattern which can extend till 1.13% at 1.72lvl. PLS be guided also that this could only be possible if algo will break the previous high going down which is around the 1.94 lvl exactly at the 50 EMA. 3 TARGET FOR ALGO, MAJOR SUPPORT IS THE 50 EMA (Yellow) P;S: Trade at ur own risk. The market could move opposite from our TA and that is okay. Pls correct me if im wrong
Short
by PotatoTrader_
3
Algorand (ALGO) - October 27Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ALGOUSD 1W Chart) - Mid-Long-Term Perspective Above 0.76754798 point: uptrend expected to continue (1D chart) First resistance section: near point 2.30117362 Second resistance section: 2.84473154-3.02591751 Support section: 1.57642973-1.75761570 If the price holds above the 1.97455023 point, I would expect a move to break above the first resistance level. If the price declines from the 1.65442767 point, it may touch the support zone, so trade cautiously. A move from the support area could lead to a move near the 1.21405778 point, requiring a short-term Stop Loss. However, if support is found near the 1.35658321 point, it is expected to rise to the support section, so countermeasures should be considered. ------------------------------------------ (ALGOBTC 1W Chart) - Mid- to long-term perspective 6469 Satoshi point or higher: Expected to create a new wave. (1D chart) First resistance section: near the 4309 Satoshi point Second resistance section: near the 6469 Satoshi point Support section: 2452 Satoshi-2886 Satoshi section We need to see if we can find support in the support zone and move up to the first resistance zone. In the medium to long term and in the short term, the 2886 Satoshi point or higher is considered to be a jumping-off section for rising. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released. (Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** 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 through split trading. It is a short-term investment perspective.)
BINANCE:ALGOUSD
by readCrypto
1
ALGOUSDT Technical Analysis⏳ Spot 💎 ALGOUSDT after breaking above the symmetrical triangle, it has been making HHs and HLs in the ascending channel. After the pullback it has the potential to go higher 🌐 Tradingview 🏁 Short & Medium Term 💵 Invest Only 5% of your Portfolio 🎳 Entry at Market or at 1.9455 - 1.8600 ☕️ TP1 2.1200 🍺 TP2 2.2666 🍻 TP3 2.4700 🍾 TP4 2.7000 🍷 TP5 🍸 TP6 🍹 TP7 🎁 TP8 🚫 SL 1.7700 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a profitable day 😊👍🏻
Long
by Fibonacci-Signals
4
Buy opportunity ALGO/USDTHi there, I have my eye on this buy opportunity. I think the resistance has broken at 1.99. Also, I think the consolidation is no longer valid because the price has broken out. In these situations, I wait for the retest on the support/resistance area. The only thing I miss is the confirmation of the Fibonacci. This makes the trade riskier. In addition, a similar outbreak could also be a trap to screw people who go long. Therefore, always do your own research and use good risk management.
COINBASE:ALGOUSDLong
by MerijnTrades
2
💡Don't miss the great buy opportunity in ALGOUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.8582). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ALGOUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 64. Take Profits: TP1= @ 2.0632 TP2= @ 2.1543 TP3= @ 2.3266 TP4= @ 2.5572 TP5= @ 2.7000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
13
💡Don't miss the great buy opportunity in ALGOUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.8582). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ALGOUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 64. Take Profits: TP1= @ 2.0632 TP2= @ 2.1543 TP3= @ 2.3266 TP4= @ 2.5572 TP5= @ 2.7000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
5
Algorand (Breakout)Algorand is breaking out and testing the $2.00 price target. Taking a copied bars pattern from October 23rd to October 25th (yellow bars) Algo could see $2.05 to $2.10 by October 27th. Trading is expected to stay within the yellow parallel lines. Large green line is overhead resistance. R.S.I Divergence has broken out of the parallel lines (orange lines). The relative strength index is expected to touch the upper orange lines (at least) with a possible touch on the lower orange line-possibly touching down to the 30% marker before another breakout. resistance at $1.93 and $2.00.
Long
by marcosdaunte