ALGO longBeen a while since I looked at ALGO vs BTC. It looks bad.
However, if that wick gets taken out with some nice bullish divergence with the RSI on the 4hr or daily it could see a nice bounce.
ALGOBTC trade ideas
Algorand (ALGO) formed bullish Butterfly for upto 43.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO) with BTC pair.
Our last successful trade of ALGO was as below:
Now on a daily time frame, ALGO has formed a bullish Butterfly move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ALGOBTCAlgorand looks good and I think we can trust it and publicly we see a positive movement in the coming days.
$ALGO/#BTC [#Algorand]: BBand_Breakout ◳◱ Hey traders, we've identified a Bollinger Band breakout on the $ALGO / $BTC chart. The price has moved outside of the upper Bollinger Band, which can indicate a potential bullish trend. The next resistance key levels are at 0.00001206 | 0.00001266 | 0.00001393 and the major support zones are respectively at 0.00001079 | 0.00001012 | 0.00000885. We may consider buying at the current price zone 0.00001154 and targetting higher levels.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001154 ₿
▣ 24HVol: 54.442 ₿
▣ 24hChng: 0.874%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001206 | 0.00001266 | 0.00001393
◢ Support: 0.00001079 | 0.00001012 | 0.00000885
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.53 - Bullish
▣ Reddit sentiment score is 0.38 - Bearish
▣ In-depth ALGOBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Quick scalpVery quick scalp atleast, who knows wher, might even have a local top,
good pair for long run atleast that's what the "gurus" said on interweb
$ALGO/#BTC [#Algorand]: BBand_Breakout Hey traders, we've identified a Bollinger Band breakout on the $ALGO / $BTC chart. The price has moved outside of the upper Bollinger Band, which can indicate a potential bullish trend. The next resistance key levels are at 0.00001192 | 0.00001262 | 0.00001425 and the major support zones are respectively at 0.00001029 | 0.00000936 | 0.00000773. We may consider buying at the current price zone 0.0000119 and targetting higher levels.
Technical Metrics :
Current price: 0.0000119
24H Volume: 36.9450 Ƀ
24H Price change: 5.872%
- Pivot Points - Levels :
Resistance: 0.00001192 | 0.00001262 | 0.00001425
Support: 0.00001029 | 0.00000936 | 0.00000773
Indicators recommandation :
Oscillators: NEUTRAL
Moving Averages: STRONG_BUY
Technical Indicators Summary : BUY
- In-depth ALGOBTC technical analysis on > Tradingview TA page
$ALGO/#BTC [#Algorand]: ResistanceBreakout+ConfirmationWe've detected a Resistance Breakout and Confirmation on the $ALGO/$BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.00001157 | 0.00001213 | 0.00001337 and the major support zones are respectively at 0.00001033 | 0.00000965 | 0.00000841. We may consider entering a trade at the current price zone at 0.00001104 and targetting higher level.
- Technical Metrics Index:
-- Current price: 0.00001104
-- 24H Volume: 48.4664 BTC
-- 24H Price change: 7.498%
- Pivot Points - Levels:
-- Resistance: 0.00001157 | 0.00001213 | 0.00001337
-- Support:0.00001033 | 0.00000965 | 0.00000841
- Indicators recommandations:
-- Oscillators: BUY
-- Moving Averages: STRONG_BUY
--Summary: BUY
Algorand (ALGO) formed bullish Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO).
Previously we caught more than 53% pump of ALGO as below:
Now a 4-hr time frame, ALGO has formed a bullish Shark pattern for another pump soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Algorand. Its timeWashing weaker hands out, and now its time to show what this coin is worth. Market is always cyclical.
NagalrandThe Naga 2.0
NGC dumped to as low as half a cent and with less than 100 million supply, imagine how low Algo could go with a 10 billion coin supply
back in the days Naga was being shilled by Tony Vays and Formula 1 of all people,
twitter.com
ah yes, the FIFA pump is coming
twitter.com
Algorand Diamond BottomAnother idea that I have is algo diamond bottom pattern, in addition to my old idea of brodeading bottom pattern posted months ago. On logarithmic chart you can see the target, according to textbooks.
ps\ FIFA is in November, in case if anyone needs the news to justify that possible price increase.
Kingston Wall - Could It Be So?Something strange is down there
But we don't know where
It's been lying in peace
Waiting for it's release
But that moment will come
Long after we are gone
Like it did long ago
Before we were born
Could it be so that
We have been here before
Could it be so that
This all happened before
Ol' man Jacques found that road
In the bottom of the sea
Indians wrote 'bout the bombs
That you just have to see
And the huge rocks in Giza
It seemed like they moved
And the pictures in desert
I wonder who drew ...
Ancient wisemen knew things
That we can hardly dream about
Builded statues and temples
That can't be pulled down
Now we seek for that wisdom
From too far away
Wonder 'round with our eyes blind
And think we are there
$ALGO- good long term entrylooks like this wants to start moving as well
reclaim 200 . retest , impulse move up
if you fancy opening a mid term leveraged position this may be the chance
not in this but may hop on closer to range low
still feel if you have the patience the fun begins after it breaks $3.49 which imo should happen this time around
ALGO looks primed for liftoff (might age like milk) we'll seeALGO looks primed for liftoff (might age like milk) we'll see
WHAT IF ALGORAND MAKE A HUGE RALLY?If Algo makes a good rally my possible ALGO/BTC price is indicated in the chart. I really like the project by the way.
PLAN ALGORAND (ALGO) - BTC with GRID BOT TRADINGBuy Reason
Algo-BTC is at Wave 2 (Fibonacci 0.764, 0.854, 0.886)
Big Wave is at Reguler Flat
Zigzag Corrective (Fibonacci 1.236)
Grid Setup
Mode : Grid Trading Bot (Geometric)
Lower Price : 0.0000133
Upper Price : 0.0000452
Profit Per Grid : 5.5%
Grid Quantity : 22
Take Profit Price : No
Stop Loss Price : No
Start On : 2022-05-04 (18:01:34)
Opportunity brewing, but bearish break expectedKeeping an eye on ALGO/BTC. It doesn't look pretty, but there may be an opportunity developing in the next week or so. We're currently testing the Support of a large Descending Triangle. Descending Triangles are bearish and so a break down (at some point) is expected. Combined with the recent bearish momentum and overhead resistance, I'm inclined to think the break will happen sooner rather than later. However, there are some bullish signs that keep ALGO on my radar: We're seeing bullish divergence on the Daily chart and we're entering into another buy zone. A small buy here could be a high-risk, high-reward option for the adventurous--if support holds we could see a retest of the top of the Descending Triangle. However, I'm on the sidelines waiting for a more secure entry.
Patience is the least sexy of the superpowers.
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These are my personal views and not financial advice. Please do your own research before investing.
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ALGO/BTC (Algorand) Chart Showing Promise on a Logarithmic ScaleBINANCE:ALGOBTC has found support on the 0.5 Fib line and a rising trend line on the logarithmic scale. In this chart, I argue why these two signals are not strong enough and conclude that we should wait longer for a trade setup to emerge.
You can follow this chart here .
I hope you learn something from this video and if you like it, then please leave a like.
If you have questions, then please leave a comment.
Thank you.
Algorand (ALGO) formed bullish Crab for upto 16.5% moveHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO) with Bitcoin pair.
Previously I shared a long-term trading idea on Algo, which is still in play:
Now on a 4-hourly chart, ALGO has formed a bullish Crab .
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
