Bullish Shark Could Take Algorand Up 400%We have a bit of Bullish Divergence on the RSI and MACD at the PCZ of this shark best case scenario is it comes up to make a Higher High at the 1.618 Extension
ALGOBULLUSD trade ideas
ALGO - looking bearish to me !!!Break-down out of the wedge.
Backtest complete.
Starting to sink.
Not pretty to watch !!
ALGO UpdateUpdate on the ALGO chart. Going to be showing my position here, which is in the blue(red). Algorand is a project i have a lot of faith in so i am not worried and will be loading up on this dip that could be coming. I think we will be retesting some support zones sub $0.50. This is a really long 10 year+ position i am building so will be purchasing as much as a i can once we get into these lower price zones. Good luck all!
ALGO - Ascending Broadening ChannelAscending broadening channel - a bearish reversal?A negative breakout and retest. Will this be a bearish reversal pattern?
ALGO bull experimentI know this chart looks super weird, but there's a method to the madness. I'm personally SUPER confident in the first move up to around $1.30 near Valentines day. If we make it that far and then start to drop, then this chart is going to get interesting. If it fails to reach $1.30 in the next week, then this post is going to be an ugly stain.
ALGO bull experiment revisedSmall revision on my previous post. Let's take this one step at a time. First target is $1.30 within the next week. Troughs are aligned, but peaks are phase shifted. Let's see what happens.
ALGO - HH and HL Uptrend? Time to pay attention!Whales/elites will not miss any opportunities into making money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with them! ;)
Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short-term dips/rise. Short term is irrelevant for the move that is coming!
You can't be emotional in these markets (stocks, forex, crypto, real estate, etc.). You will lose this game following the news and doing what the majority does. News creates emotions. Everything you need to know are on the charts. News is manipulated by the elites, and they take advantage of our emotions. Stop listening to the news and pay more attention to the charts. Don't follow the majority, because the majority will lose in the end! Also, don't buy the hype when everyone is buying.. instead buy the fear when everyone else is selling
Everything is on the chart! Cryptocurrencies are on the verge of exploding higher. Dips/Corrections are normal and needed in a bull market and are buying opportunities! Huge gains opportunity in the coming months! Never trade blindly. Use multiple indicators to make calculated decisions. Trade with no emotions!
Facts:
1. Higher highs (HH) and higher lows (HL) indicate that an uptrend is occurring with the overall increase in value!
2. RSI - We are at oversold territory on the weekly (Below 40!). One of the few altcoins under 40 on the weekly!
3. Stochastic RSI - Awaiting bullish cross and both lines above the 20 level for bullish confirmation!
4. Body of candle needs to close above 0.80 to create the next HL. If body close below 0.80, downtrend is possible! So far, structure is intact!
Buy Targets: $0.68 - 0.89
Sell Target: $7.60+
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
"The secret to investing/trading is figuring out how rich you want to be and how poor you're willing to become."
"If you want to live like the 5% of the population who are hugely successful, then don't act like the 95%!"
ALGO (ALGORAND) FUTURES - 100% ROE LONGAccumulating 5x LONG at .9 and will add on dips to .8 support.
1.1 TAKE PROFIT = 100% ROE
Stay nice, this is not financial advice
-mrnicegvy-
Join my workspace at mrnicegvy.com
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: $1.60 USD
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ALGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ALGO is sitting around a strong support in green so we will be looking for buy setups.
on H4: ALGO formed an ascending triangle in orange but it is not ready to go yet.
Before we buy, we want the bulls to take over.
Trigger => Waiting for a momentum candle close above the gray area to buy.
Meanwhile, until the buy is activated, ALGO would be overall bearish and still dive inside the support zone.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Algorand ($ALGP) New FIB$ALGO DTF getting pummeled in today's market. Although the oscillators look decent, $ALGO is having a tough time with $0.9878 FIB resistance
ALGO - Ascending Channel (30min)Ascending channel with 3 touch points on top and bottom. Good for some day trading? Any thoughts? Happy trading!
$ALGO longBased on the long-term daily log chart of Algorand, it looks like RSI has reached a low where it normally bounces relative to previous large declines greater than 60% when the 200D moving average was breached.
This RSI level has signaled a bounce back 4 times before since the inception of Algorand. The probability that this will be the 5th time is very high. History doesn't repeat itself but it often rhymes.
This has been the 4th worst decline besides the initial puking of ALGO which I don't count. The 5th worst, or the least bad, was a 64% decline. Right now we're at about 69% of a decline. The worst was an 81% decline.
I don't think we have any more room to the downside since 100% of the time (4/4) the RSI has hit that magic low level, the trend changes from bearish to bullish after a breach of the 200-day moving average.
algousd shrt term in bearish mode dailythis chart can be bearish till 5.96 ND THEN SLOWLY touching 12.53 in long term
ALGO By AcroScopicsCall me silly, I added some ALGO here.
RSI has broken above the RSI MA but coming up on the falling 50ma.
So might be a good entry point, will need to see what happens at the 50ma
Algoland waiting for new target.Hi All ,
you can see ascending triangle on this chart with support zone. if the charts brake the support zone with enough volume there is possibility to reach $1.3 -$1.5 level.
Pls use stoploss everytime. #DYOR #NFA
Best of luck!
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
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
ALGO - My Detailed Trading Plan in a video!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for ALGO, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Possible Algo Breakout Looking for ALGO to break and hold this wedge.
There has been good news lately on ALGO being used for transactions in El Salvador with there wrapped BTC.
With most people's sentiment on thinking the market has bottomed this might be a good play. It seems to have found support of the 20EMA (Circled). If this breaks out I will also be looking at Btc and Eth to confirm my bias.
NFA DYOR. :P
Algorand has bottomedMorning star candle on daily(sign if reversal), bottomed out on the RSI and daily MACD hasn't crossed. Look for retest of 1.2191, if it breaks that set buy order and take some profit at 50% level and 61.80% level. COINBASE:ALGOUSD
OVERSOLD --ON OUR WAY UP COINBASE:ALGOUSD
RSI & CCI levels are heavily oversold while BBW shows a bullish divergence. Algo and others are on a discount, buy while you can!
Long term (2022) -- $5-$8
Short term -- $2-$3
Buy the fear, sell the greed!
ALGO In Support ZoneALGO is in support zone again. I think we accumulate here for a few weeks and see another run up. Ultimate plan is we hit those upper fibs before some kind of retracement back down.
Algorand Potential Upside TargetsPotential upside targets at $3, $3.20 (wick high) and $3.37. I want price to dip back into that entry zone one more time but we'll see. Downside $0.70 if price action craves the dip with an Algo wick...
