Algorand (breakout!)Algorand has been charting a large bull flag pattern, which recently had a pull back and is not breakout upward.
Price Target: $1.50.
related Algorand published idea linked below:
ALGOUSD.P trade ideas
ALGO Parabolic Rise ComingLayer 1s have shown big relative strength recently as I believe it's that time of the crypto cycle that these large caps go parabolic (SOL gave us that signal).
ATM, ALGO looks to have the best chart looking at the recent volume patterns and consolidation above the recent highs. I believe the past two days is a simple shakeout before this goes on a huge run over the next few weeks 🚀
ALGOUSD - Clear confirmation on daily candlesHello Traders.
On daily candles, yesterday we had confirmation of both price and volume acceleration.
1. Enveloping candlestick
2.Green volume turning red to continue the dominant trend.
3.We may be in something that short volume manifests itself again and becomes dominant, i.e. until the red line overlaps the green line.
FOLLOW A STRATEGY
MY NOT SO MINIMALIST ANALYSIS OF $ALGO9.23.21
Analysis of $ALGO
HOW TO READ CHART
Indicated are key support and resistance levels using small and large trading range boxes for ENTERING A SWING TRADE (Short - Long.)
Watch out for Patterns, Divergence, EMA, Candlestick Math, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer:
The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
Thank You for your appreciation and support.
ALGOUSD D1: PRICE/ RSI DIV WARNING / 75% correction(SL/TP)(NEW)Why get subbed to me on Tradingview?
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ALGOUSD D1: PRICE/ RSI DIV WARNING / 75% correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
NOT a setup to SHORT ALGOUSD. Just showing
signs of weakness and recommend to stay out
of this market into the pullback.
🔸 Summary and potential trade setup
::: ALGOUSD daily chart review
::: not a great looking chart
::: hit top / resistance of the bullish channel
::: also noteworthy divergence
::: price/ RSI div very clear on D1/H8 TF
::: expecting correction/pullback mode
::: pullback required to attract
::: new buyers from the lows
::: 60-70% pullback possible next
::: 6-10 weeks in Q3/Q4 2021
::: right now limited upside
::: positions traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don't get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: SHORT SELL RIPS/RALLIED
::: TP BEARS is +75% gains
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION
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.
Sometimes you get poop on your dickAlgo will be alright, just adding comedy since my projection was wrong. This might be the dip to buy, it hit my buy dip target of 1.60 earlier today. It could bleed more so i am watching it throughout today and the beginning of the week here. Everything is red today, so just be patient and DCA when you think its time.
Algorand ($ALGO) New FIBAlgorand ($ALGO) with TONS of indecision as BEARS and BULLS decide who will move first. Testing all the way down to $1.5153 psychological support
ALGODear All
ALGO/USDT
Retest / of the breaking level
between 1.8$-1.5$
this is only for Spot Trading.
Regards
Algorand ALGUSD - Awaiting volume crossoverHello Traders.
Good bullish daily candlestick pattern.
We have a very strong bullish segment. We know it is very strong because the long volume of the accelerated volume indicator, the green line (bullish volume is very strong).
Then we have a correction of the bullish segment where the short volume (red line of the accelerated volume indicator) is not very strong, in fact, the volume is declining.
Right now, the price is in the area of the average and in the area of the 61.8% fibo of the strong bullish segment. Finally, the volume lines are about to cross, with the green line (buying volume) returning to dominate.
As soon as this pattern happens we will have a long entry, and as long as the buying volume dominates the selling volume we can be inside the market.
Have a good day.
#ALGOUSD. Get ya shorts on, or get get caught naked.Have you already shorted ALGOUSD today ? If not, take a nice cup of coffee, get up (or the other way around), wipe your eyes and set a short on it.
Why?
Time has come. That's why. We're at the end of a massive pump . ALGOUSD RSI (1d) has been as high as today only 4 times in its lifetime, and 3 out of 4 were excellent shorting opportunities , and the 4rd with 25% down still a good one.
If you're risk lover, wait it 'till the price crosses the 0.768 fib line. But don't wait too long - tomorrow around six you could be late. If not the price moves under the current short term trend line even before.
Of course, this is not a trading advice, just my private analysis as well as a text for entertainment purposes.
ALGO repeating previous runHad today marked for the dip since early September.
Feel free to post thoughts and comments!
ALGO is a buyI am buying the dip since this morning with only 30% with idea of adding more once bottoming is confirmed.
All eyes on SPY, nothing else matter. If SPY dip is bought, everything else will be bought.
Right now, SPY broke an important trend line so very cautious going forward but also letting my FOMO make some of the decisions.
I do like ALGO here though as long as i get my bottoming confirmation.
Algo is Bullish to the bonesALGO IS SO BULLISH, it's forming not one falling wedge but two wedges (technically bullish patterns) 😀...No matter how you look at it it's bullish, with expectations to reach $2.80 min or $3.00 after the breakouts upwards.
Algorand has been on an uptrend lately and topped charts as the best performer coin multiple times. With the price climbing to heights not seen since early April, showing significant volatility over the last week. As a project algorand is very good and of course you can hold for long term. (better days are coming for sure)!
Good luck 🤞
Algorand's (ALGO) Bullish IndicatorsALGO or Algorand has one of the stronger looking charts in the crypto space
With it's recent ascent from $1ish to $2.50ish, ALGO is currently undergoing some price correction
What's nice about its ongoing correction is the Volume Contraction Pattern (VCP) on its daily volume, a bullish sign.
The previous resistance that it broke, $1.80 ish, is now acting as support as evidenced by candles bouncing from this level whenever it nears that price
Let's see how this will play out.
Good luck!
Deep correction for ALGO on the horizonThe daily MACD just manifested a Dead-cross. Comparing it to last time, as highlighted in the picture, the price can revert to MA100 or MA50. A target price of 1.5$ does not seem to be out of reach.
Alogrand Bull Flag Pattern $ALGOBullish set up with $1.75 acting as the floor. I'm looking for price to break the triangle to the upside with a move above $2.25 to signal potential to see $3-3.50
Algorand ($ALGO) New FIBAlgorand ($ALGO) BULLS applying some buying pressure yesterday and the start of today's trading candle
Pump up formation for sure, watch for climaxIts a well known formation. Watch out for climax, it could get to be a bit sticky at the end. WAZZZZZZUPPPPPP
So its back in, its back onLets go. Update to earlier algo analysis. Dropped down to support and made a recovery back to the wedge and above support trend line, shit it lookin good
Algorand descending wedge breakoutScalping off Algorand.
Took my position at $1.90, planning to sell around $2.05-$2.10
Algorand ($2.75-$3.00 Scenario)Algorand has seen a recent uptrend, and is testing $2.00-$2.15 (the handle of the small cup-and-handle pattern). The next major ceiling for Algo is $2.22. If Algorand is able to break out of the $2.43 price barrier, I would expect an immediate rise to $2.50-$2.60...with possible resistance at $2.65-$2.75.
Algorand ($2.75-$3.00 Scenario)Algorand is testing $2.00-$2.16 with a temporary ceiling at $2.22.
The ceiling could have been caused by multiple or several large sell orders placed at this price marker.
Floor at $1.86 with support at $2.00.
Additional Notes: Algorand's Community Governance goes into effect on October 1st, 2021.
