ALGOUSDT trade ideas
ALGO Waiting ✋for complete pattern ☕🖐☕Hi dear traders
As you saw in previous analysis we take profit 📈full target ✅
After climbing 19.54%, the price is now correcting.
If it stays above 0.1717, it will correct around 9.63%.
Now it's seems Cup and Handel forming.
The cup pattern is formed and we are waiting for the formation of the handle.
If the pattern is confirmed, the price can climb up to the resistance area of 0.2126.
We have to wait for the market's reaction.
If BTC rises, altcoins will also start to rise.
ALGO is unpredictable, but we can take a good swing and earn profit in both the bearish and bullish cases.
Waiting for breakout and pullback completed for long position.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Algorand (ALGO) to $2On the above 5-day chart price action has corrected over 90% since the beautiful sell signal (not shown) on September 2021 @ $2.40. Now is an excellent long moment. Why?
1) A strong buy signal (not shown).
2) Price action is printing as support on past resistance, look left.
3) Regular bullish divergence. Lots of it. Do not ignore.
4) Dragonfly DOJI candle.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: 10x
ALGOUSDT - Long by Supertrend, ADX & MA 1/10/20231. ADX INDICATOR: 1h & 4h timeframe have a strong strength for open trade.
- ADX smoothing: 14.
- DI length: 14.
- ADX STRONG > 25.
2. SUPERTREND INDICATOR:
- Long trend when closes candle is above the green line.
3. MOVING AVERAGE INDICATOR:50
- Long trend when closes candle is above MA line.
- BUY/LONG: reject to Supertrend at current timeframe.
4 level touches. Getting ready to fall!The coin has grown well. The price approaches the local maximum around 0.1956. We see weakness on the part of buyers, large red candles and shadows. I expect a pin of 0.195 and a rebound from that level below. In support, an oblique level with 4 touches has formed, the next approach may be the final one before the breakdown. PoC Volume Level Targets
AlgousdtAlgo Formed Falling Wedge In H4 Timeframe( Bulish Reversal Chart Pattern)
Rsi Printed Massive Bulish divergence ( Bulish Divergence In Rsi Is Also Bulish sign)
Now Algo Needs To Break Wedge To The Upside Then We Can Look For Long Entries
Keep In Mind That Algo Will Remain Bearish Till Wedge Upside Breakout
ALGO is looking better than it ever has!This is literally just screaming to be bought. Right now is 1 of only 3 brief periods in ALGO'S history where you could buy at this low of a price. If you buy now then you're buying cheaper than 99% of everyone who's ever bought.
That's called an opportunity, and opportunities like this don't happen very often.
Lead, don't follow!
ALGO USDT (4 hour)Hi guyz
As you can see, we see a divergence
Also, the validly formed upward channel has been broken by the price.
Also, by examining the 1-hour cloud, we see a break of the 1-hour cloud to the upside.
The price in the two-hour chart has also managed to enter the cloud, and there is a possibility of touching the cloud ceiling.
In this case, you can enter into a transaction with less risk, of course, for fluctuation.
The first resistance of this currency is 0.1731, and we expect a partial correction from this area.