🚨 Trade Update: ALGO/USDT (3-5x)🚨 Trade Update: ALGO/USDT (3-5x)
📈 Long Entry: 0.1019 - 0.110
OTE (Optimal Trade Entry): 0.1063
SL: 0.0991
B/E Move: When it moves close to TP2
TPs:
Short Term: 0.111 - 0.113 - 0.114 - 0.120 - 0.1248
Mid Term: 0.1278 - 0.1299 - 0.1336 - 0.1368 - 0.1406
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
ALGOUSDT trade ideas
ALGOUSDT We are struggling to hold support and are still below the current support line. We have done a full retrace of the most recent pump and failed to move price higher. I suspect we are headed for one final 25% dump before we actually see any real bullish momentum. Many people are starting to load up their bags of crypto thinking the bull market is in. I think those trying to get in early will be surprised as they lose a portion of their liquidity.
ALGOUSDT CONSOLIDATION THEN UP?If we break out and consolidate above the current yellow box, we could see enough strength to climb out of the current slump and hopefully head up and start a new short term cycle. Stochastic and RSI both sitting low on the current time frame. I'm expecting we move up to the next yellow box as indicated by the green arrows. If we maintain consolidation in the upper yellow box, we could see more upside in the future.
#ALGO WEEKLY CHART ANALYSIS#ALGO WEEKLY CHART ANALYSIS
Based on the created divergence and the same wedge pattern formed at the end of a downward movement, the pattern currency is in a low risk range for buying. The following targets will be available for the next six months to two years if there is adequate price support:
0.85$
2.3$
16$
54$
STOP LOSS:
UNDER 0.085
More Downside for ALGOUSDTWe saw the triple top failing to make it past resistance, followed by a savage drop in short term price. Looking at the previous strength areas, I suggest price may move back down to where wave 2 started. Red arrows point toward potential targets. Consider following me if you like my analysis and for more trading analysis.
ALGOUSDT Short Term Trade IdeasHere we see the strongest short term trading zones highlighted with the green boxes. After seeing my previous analysis play out, we now see price moving slightly above a previous zone of strength. If the current candle closes bullish, we could see a push up to previous short term resistance point/s as indicated by the pink lines.
DAY TRADING 002BYBIT:ALGOUSDT.P
Today I am trading ALGO purely and always on technical analysis. I've said before that I don't care about news and halving's and all this and that I want too day trade on the 15M timeframe forever. fluently. I have a love for trades like these I feel we will respect this new trendline for the upside, I've just picked up a limit order at the bottom here let's see!
trade safe! thanks guys.
$ALGO if anyone is interested in longing this can do now with a stop below 200 ema
or wait for a reclaim of range then stop just below that and pump up the leverage
.12/.15% stop at 30X
that's my plan ,
already have a long going from lower but this is greed taking over
$60 million tokens to be bought by some labs in the middle east
corn below 29K will hop off my other long
Points of interest support/resistance.points of interest looking at possible resistance and support on the way up. Based on number of times price has interacted in certain ranges. Likely to move above gaussian channel in the coming weeks, assuming the market has bottomed out and looking at trends in price in other cryptos.
Worst case scenarios for ALGOCrypto is crypto. An OG crypto like ALGO will always have traders trading it. However, an inflationary crypto like Algorand will have to be seen similar to EOS, where a new ATL is common due to increased tokenomics, but same marketcap. Anyways...
Buy 1 : 0.05$
Buy 2: 0.03$