ALGOBULLUSD trade ideas
12H Support to go along with Weekly HoldNothing fancy here. 12H 200MA has been respected to the tee since last December. Coming for the retest as support today. Held weekly 10sma at close, held 2 week 10sma at close. Already broke out of long descending channel. FIFA World Cup on the horizton. This sucker looks ripe.
$ALGO | Potential Move Up To Previous ResistanceALGOUSD was at mid-September levels of being oversold and broke the lower Bollinger Band. I waited on confirmation for this potential reversal to the upside because of this. We had a green candle closing fully above the bottom band and above the most resistant near term support levels. Got in a buy highlighted by LONG POSITION graph with the mindset of taking profit slightly above the 200 EMA which hasn't been respected most recently but BELOW the nearest resistance which has. Will need a decent sized green candle to push through. Stop loss placed below BOTH the lower band and support levels.
Algo LongAlgo took out the local high for a HH over two weeks ago and has since been consolidating above support. Easy trade setup here. Possible double bottom on support at the 10sma. Close under weekly 10, exit on retest.
ALGO completing Wyckoff accumulation phaseAfter a multi-month period of mark-down ALGO is exhibiting the final stages of Wyckoff's accumulation model:
1. Preliminary Support (PS) established
2. Selling Climax (SC) achieved
3. Automatic Rally (AR) occurred
4. Secondary Tests (ST) occurred
5. Price broke key resistance level (Sign Of Strength / "crossed the creek"
6. Price Backed Up ("walk back to creek")
The next phase is the mark-up phase.
This could correspond well with a mid-term rally off SPY support level.
algoStill thinking bottoms in as I alerted to my group back in early Sept like XRP back did bottom at .30c but if BTC nukes we could overthrow to that cluster of
support & resistance I marketed off in my highlighted circle for a capitulation event.
FIFA Fever!Looks like FIFA fever is beginning, expect max $0.50 range, then a drop after Cup is over.
There will also be a dip when governance pays out as well, but should still push up to target. I expect winter to set in after for at least end Q1 2023.
Good health, family and fortune to all!
Algorand looks ready to trigger its inv h&s patternAfter doing a fakeout above the yellow neckline we now have price action for king above the white neckline….not sure which one will be the most valid but if the white neckline reaches its target they both do. I imagine it will be retesting the 1day 200ma before too long. *not financial advice*
ALGOUSDT | NEAR BREAKOUTALGOUSDT has been trading under the falling resistance. The price is trading near the falling resistance. The price has also break above 200SMA. The falling resistance is also confluence with 0.38 fib level.
Th price has multiple support level as 200SMA and 0.236 fib level and horizontal zone too.
The price is converging and now near to breakout.
One can long on breakout.
Trade your levels accordingly.
ALGOHello guys this is my trading analysis about ALGO thank you
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
Long Algo Everything about Algo's chart is yelling "pump". We just hit strong support along with Momentum showing an Inverse H&S. RSI on the higher time-frames looks bullish as well. This bounce for Algo will be strong! My target is a combination of a fibonacci retracement level along with resistance. Keep an eye on Algo because it's ready to pop.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
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- Fast and cheap to move money!
- Partnering up with FIFA 2022!
$ALGOmarket is just simply wrong if it doesn't follow either red or white line / Also has been super weak compared too other alts but fundamentals didn't change.
Algorand - Uptrend Continues!As long as it keeps the trend line intact, it can easily go and tap the range high at $0.40 short term.
Algorand finally poking above the inv h&s neckline.For now we won’t know exactly where the measured move target will be until we know clearly where we officially break above the neckline as well as flip it to solid support. Will update this idea once it happens. *not financial advice*
ALGOUSD King of the laggards Every L1 smart contract platform other than ETH has been underperforming the market in this cycle, but ALGO is truly the king of all laggards. It hasn't had a single ounce of relief in almost nine months. It's time to do or die.
BEAR FLAGInteresting continuation pattern developing on ALGUSD.
Theory is for a continuation of the bearish momentum, however, in case of close above the channel, the outlook would then suggest a bullish reversal.
For now we wait for the breakout and the position our trades accordingly
ALGO TO $.395ALGO showing heavy confluence at .395 cents
We have a ISHS target matching up with a volume profile and a fib with the same coordinates.
Let's ALGO to this target!
Week07 - ALGOUSD | ABCD Chart PatternsAB=CD pattern is formed on crypto pair ALGOUSD 1hr frame and now the trend moving towards point D at bottom and from there trend will be reversed.
Can ALGO overtake ETH by EOY?This is a simple setup for algorand position relative to BTC, ETH and USD
It appears that ALGO is now threatening ETH, as we are hovering dangerously close to upper channel.
With regards to BTC, we are also in the same position.
If Algorand receives any additional catalysts from events, we could see a strong relief rally.
Based on Inverse Prices action in USD, ALGO attempted 4 times to go bellow 30c and could not break through, indicating a very solid demand upon investors, that know the future and fundamentals of Algorand.
Therefore, unless the world is heading into WW3, a new Mega Pandemic, 30c is going to hold and by August we should all be looking at 40c+
I am very interested in the ETH/ALGO as it shows a strong possibilty of ALGO breakout from a long bear channel. It still not going to start a bull, but after that drop it just might..
Fun times ahead regardless,
**LEGENDS**
BLUE = Bear/Resistance || Yellow = Bull/ Support
Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind!
Thank you, and stay strong my fellow CryptoPunks!
Future belongs to the brave, and crypto is the future.
_Ajion
⚡️ #ALGO/USDT - Potential 40% ⚡️⚡️ #ALGO/USDT - Potential 40% ⚡️
Entry Criteria:
- Bullish Divergence
- Local Support & Consolidation
- Added To Kraken Futures
News Source
twitter.com
Entry: 0.2796 - 0.3
TP1: 0.324
TP2: 0.3523
TP3: 0.3971
SL: 0.27 or HOLD
ALGORAND - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
ALGO is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes.
H4: Right Chart
ALGO formed a valid channel in red but it is not ready to go yet. For the bulls to take over, we need a break above the previous high.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, ALGO can still trade lower inside the blue support zone.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
