💡Don't miss the great buy opportunity in ALGOUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7078).
. 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 66.
Take Profits:
TP1= @ 1.9526
TP2= @ 2.0650
TP3= @ 2.2250
TP4= @ 2.3999
TP5= @ 2.5568
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 ❤️
Algousdtlong
💡Don't miss the great buy opportunity in ALGOUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7078).
. 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 65.
Take Profits:
TP1= @ 1.9526
TP2= @ 2.0650
TP3= @ 2.2250
TP4= @ 2.3999
TP5= @ 2.5568
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 ❤️
ALGO next move could be a big oneI have been following ALGO closely, its shown very positive signs and next move could be big. Last trade I set a modest price target just below global trend which it reached. Now it is pushing up on global trend which will also be a likely bullflag breakout. Which should attract a lot of attention
Look for break and retest above global trend and previous daily support around 1.85
If it pulls back from here look for a reset in the 1.75-1.65 range then watch for a break up of global trend.
Possible to open a higher risk trade on the reset with a stop loss of 2 ATR. Look for buy setups on lower time frames
Check my previous post for more details, make a plan and follow it!
As always, keep an eye on the health of BTC
ALGO (Algorand) getting closer to a bullish breakout?Crypto market is once again on the rise.
ALGO stands out the most to me given the following indicators:
MACD cross up
MACD +
MACD histogram transition to the positive side
Volume Contraction Pattern
50 Day MA as support
Together with the improving sentiment in the space, I'm liking the prospects of ALGO
Good luck!
ALGOUSDT 1H, READY TO BLOW AGAINAlgorand is on the move.
Good Bounce off 100EMA.
Consolidation near visible resistance, with more bulls we cab break and head for next resistance up ahead.
This is a LONG buy trade idea.
Double bottom confirmed trend to ascend.
Follow 🚶 for Daily opportunities
Like 👍 for more encouragement
Share your thoughts
ALGOUSDT Swing Trade Setup!ALGOUSDT (DAY CHART) Technical Analysis Update
Major resistance Breakout
ALGO/USDT currently trading at $2.18
Buy-level: $2.00 - $2.20
TP 1: $2.50
TP 2: $3.00
TP 3: $3.50
TP 4: $4.00
Max Leverage: 1x or Buy it on spot Martket
ALWAYS KEEP STOP LOSS...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
ALGO - Potential Rising Three Methods Candlestick PatternWhat is the Rising Three Methods Pattern?
"Rising three methods" is a bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend.
Read more: www.investopedia.com
As Bitcoin recovers from the previous consolidation rage, I'm convinced that the Rising Three Methods could play out.
Looking for a flat in Algo before the wave 5 run!Greetings traders! I think we have a zigzag in the wave 2 position of Algorand's current impulse, so I am looking for a flat correction in wave 4 before we run for the top of wave 5. It would be worth noting this consolidation and structure as it might come into play down the track as an area that might finish the correction of this impulse! Good luck!
ALGOUSDTWe waited ALGO for a while. This coin is really undervalued (like XLM, IOTA and XRP). really nice move since BTC correction.
We expect a fibonacci retracement on the 0.618 level, which is the most important FIB level for a healthy growth. From this point, we open a big long and use this retraceemnt as new strong support. ALGO is big and was a sleeping giant for a while .
We also identifies maybe a local support around 1,90
We keep close eyes on it and be sure to don't miss itin the case we test again our 0.618 fibonacci level!
ALGOUSDT Major resistance Breaks in day chart!ALGOUSDT (Day Chart) Technical analysis
Major Resistance breakout
ALGO/USDT (Day Chart) Currently trading at $2.05
Buy level : $1.85 - $2.00
Stop loss: Below $1.68
TP1: $2.40
TP2: $2.80
TP3: $3.50
Max Leverage 1x or buy it on the spot market
Always Keep Stop loss
Has Algorand got your attention yet? It certainly has mine!Greetings traders! Well, what a special move by Algorand! It has shaken off the dump and exploded higher on huge volume! That can't be ignored! Taking a look a possible counts, and rather than see a 1/2/3/4, I can make the case for a 1/2 followed by another 1/2 which has us primed to move much much higher! My advice would be to look for an entry, don't use leverage and only spend an amount of money you are happy to live without. Then put it in your bottom draw because this could be the next moon shot! Good luck!
ALGOUSD is it right time to exit ?Hi, if you are following me you must have seen yesterday i shared algousd analysis in which i market the area where you can take entry
you can see after restest we took entries in algo and now we closed all our positions now we will wait for best point to enter again
Don't force trades just wait
33%+ Profits is better than nothing you can see only algo recovered that well because second leg was on the cards as e predicted
Enjoy profits and give yourself a treat and remember me as well hahhaah just kidding
Like and comment below if you took a trade and share you experiences with me because when someone earn from my analysis it makes me happy
Symmetrical triangle in Algorand* Algorand in 3H time frame forms Symmetrical triangle.
* Symmetrical triangle occurs when the price consolidates between two trend-lines slightly sloping towards each other, the price is squeezed till it breaks the either side of the pattern.
* Here the Descending trend-line works as resistance and the ascending trend-line works as support.
* Breakout on the either side of the pattern will give a healthy move.