ALGOUSDT trade ideas
ALGOUSD Strength? Strength or fattening before another slaughter?
Global macroeconomics don't seem optimum for the assets market at the moment, but crypto will be crypto. Do you have microeconomic data on why $ALGO is strengthening against the dollar, do share.
have fun tradersthe market give us a good position and chance in this coin
two targets
Don’t forget SL
Algo USDT Long 💥👑Hello Success, today I want to talk to you about ALGO /USDT.
The price has formed a walling wedge and is moving towards target
The price can try to break the resistance line.
I expect that the price will continue to rise and break through the resistance line, after which it can reach the level of 0.4740, where I see our target.
I expect such a scenario.
This is an article, not financial advice, always do your own research.
If you still have questions, you can write it in the comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
Algorand (ALGO) - November 5Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(ALGOUSDT 1W Chart)
The key is whether it can be supported by rising to the 0.4253-0.6132 section.
(1D chart)
The key is whether it can find support near 0.3853 and move above 0.4253.
If it doesn't, it is likely to drop to around 0.3421.
A volume profile section is formed over the section 0.4253-0.6132.
Therefore, if it rises above this section, it is expected to show a full-fledged upward trend.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
---------------------------------
Algo Looking BullishLooks like the next step is wave 5. Hopefully the market holds and BTC stays above 20k.
ALGOIdea: the price is again trying to break through the $0.4 resistance level. The price is in an overbought state, a lot of bearish signals have been formed, therefore, a price correction to a strong clothing level is inevitable.
I spy with my little eye, something beginning with the letter AThis is a very contrarian take because on one hand we have 14 root causes for inflation:
1. Unlimited economic growth triggers Natural resource depletion since 2014
2. Expanding middle class in emerging economies since Brexit and Trump
3. Populism, polarization and uncertainty
4. The Great Reset (COV-ID-19)
5. The Federal Reserve printing
6. Insider Trading
7. Systemic devaluation of local currencies in emerging economies
8. China's zero covid triggers Inflationary Supply Chain Shocks
9. Russia and Ukraine war
10. Gas crisis in Europe
11. Evergrande's Real state collapse
12. Volatility & Bankruptcy: Credit Suisse & Deutsche Bank
13. Economic Trade Wars and World War 3 forsee a total collapse
14. Extreme weather triggers Water Scarcity
And on the other hand we have:
1. High Employment rate and Job offers booming
2. Putin losing the war and could suddenly withdraw
3. Japan Intervention
4. UK's prime minister Liz Truss quit
5. Saudi Arabia is Interested in Joining the BRICS
6. Mainstream Propaganda is being excessively negative lately
7. We're probably not at the end of a big 100 year cycle but probably back to the 80s
8. Latinamerica flipping left wing except Uruguay
9. Big demographic change means big wealth transfer from baby boomers retiring to millenials
10. Crypto market maturing still pending Ripple's lawsuit resolution
11. Japanese intervention
12. Countries deglobalizing
There are many paralels that pinpoint to 3 historic macroeconomic moments in history
1. The Great Inflation between 1962 (Cuban Missile Crisis, gold run of the 70s, end of gold standard) and 1980s (end of cold war) + (highest point of dxy in history) + (recession)
2. Another dotcom bubble brewing trigering a burst by a false flag attack like 911, (think 1997, think a president dies, think a small nuclear blast is detonated)
3. The roaring 20s after a war in the middle east (similar to WW1), followed by a pandemic (think 2020), followed by a recession (probably already priced in), followed by a period of hyperinflation in 23, followed by an explosive roaring 20s preceding a great depression anywhere between 2026 and 2029 before a welcome to 2030 wef scenario.
All three scenarios have one goal in common, to introduce digital currencies this decade while gradually outlawing cash by 2030.
We see countries already introducing x-road models, legal frameworks, aligning transportation and many other sectors to a digital biometric ID, while testing covid blockchain passports, and at the same time we've witnessed under the radar blockchain companies slowly building up partnerships and laying low for now. OMFIF was very revealing, so were a few banks that decided to partner with Ripple, now it's a waiting game.
What will the future hold, will Saudi Arabia trigger a dollar collapse? Will Crypto get regulated? Will promising projects survive? Will Algorand become the Naga 2.0, or will it finally catch up to other alts that had a run in the last 2 years?
A lot of uncertainty and fear still remains, but a contrarian suprise move could leave 2018 enthusiasts and doomsayers behind.
Too soon to tell, but be on the lookout, this could be a 1997 scenario.
ALGO READY FOR EXPANSION?PAY ATTENTION....
If we can break and hold above 0.3830 then we target 0.54
ALGO | Falling Wedge Breakout..!!
#ALGO Falling Wedge Breakout Confirmed in Weekly Chart.
Looks Solid for Midterm, 3-4x Profit Potential.
Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!!
Thanks for Your Love & Support..!!
ALGO 4HJust tryin my long from 0.31 support lvl and lookin if this will reach any targets above. Would be nice to reach at least 0.36
ALGOUSDT | CRITICAL ZONEALGOUSDT has been trading in bullish channel . The price is trading at an important level where a breakout or break below can happen.
If the price is successfully managed to break above the level we have an excellent upside target with minimized risk. However, the break below will carry the bearish parallel channel .
ALGOUSD ❕ correctionALGO and RSI formed a bearish divergence confirmed by trading volumes (4H and 30m TFs)
BB indicator indicates overbought (4H and 30m TFs)
I expect decrease after of the price fixing under the support level.
ALGOUSDT, YOU DECIDE WE REACT Hello Traders and everyone, HADI IS HERE
If you like the idea, do not forget to support with a like and follow.
ALGOUSDT, as we can see from daily time frame price is clearly overall bearish making clean lower lows and lower highs
however, On H4 time frame we are now trading inside this range and around a massive support zone where we will be searching for buy setups
On another hand price broke above this major swing high and traded higher from a short term perspective
For a medium term perspective and for the bulls to kick in we need a break above this major swing high and the range to say "yes" now bulls are in full control
until that price can still dive inside the support zone around the lower bound of the range before a full reversal
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
SHORT ALGO / QUICK SCALPALGO seems to be running out of steam and there is a good chance it will go down 1-2% . Don't follow me , I'm stupid !
ALGOUSDT wants to retest the dynamic supportThe price had a nice bullish impulse form the 0.29$ demand zone.
Now the price is testing the 0.382 Fibonacci resistance level on the daily structure.
How to approach it?
The price could retest the dynamic support before new bullish impulse
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
ALG Either Orlooking to get back into ALG, I've just took profits from a short and I want to get back in at the same price 3% 20X
Looking for a LONG position if we manage to break the resistanceIt's hard to consider this as a Cup & Handle pattern, but as we can see this is a major resistance and expecting more upwards if we manage to breakout the structure. Waiting for a 3 hour green candle close above the area. A huge rejection from the area will be a invalidation of the setup.
1st target will be 0.3977
DYOR and Analysis. Not a financial advice.
Happy trading. Follow for more analysis.
ALGORAND - FIFA WORLD CUP ⚽️🏆Just an updated chart and renewed interest in previous idea :
We live in the age of marketing amongst other things... including Blockchain.
I like to buy the news at the right level, based on my chart. ALGORAND chart today looks like this could be the time. After all i was short when most were buying those Fifa news earlier than they should had:
ALGORAND - 0,519 is MAJOR Resistance
FIFA WORLD CUP:
As you probably already know FIFA has teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal.
The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. As per the sponsorship agreement, Algorand will be a FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor.
Blockchains allow non-editable data to be permanently recorded and distributed on digital networks, while also facilitating innovations and ensuring safe, untampered exchange of value and assets such as non-fungible tokens (NFTs), and through blockchain-enabled wallets holding digital assets.
As part of the agreement, Algorand will also assist FIFA in further developing its digital assets strategy, while FIFA will provide sponsorship assets including advertising, media exposure and promotional opportunities.
On the occasion of the announcement, FIFA President Gianni Infantino said: “We are delighted to announce this partnership with Algorand. The collaboration is a clear indication of FIFA’s commitment to continually seeking innovative channels for sustainable revenue growth for further reinvestment back into football ensuring transparency to our stakeholders and world-wide football fans – a key element of our Vision to make football truly global. I look forward to a long and fruitful partnership with Algorand.”
Take it easy but watch out for the potential breakout.
One Love,
The FXPROFESSOR
PS. Don't forget about this:
ALGORAND- Dancing with El Salvador 🕺
and also remember to always take profit on time...
One Love,
The FXPROFESSOR
