Algorand ($ALGO) New FIBAlgorand ($ALGO) New FIB: BEARS rule the day and profit takers lock in their gains (or panic sellers selling for a loss). RSI is losing strength and MACD is BEAR-ish
Algo
Algo to go longLook for a quick entry at 1.59 ish....
its coiling and consolidated from a recent pump so one could assume the next leg is coming...
ALGOSitting pretty on 200d MA
However, one thing that I dont like is RSI levels are lower than Oct 6th dip at the same levels. Buying with a very tight stop loss.
ALGO. good for long term i think.ALGO has been a good coin. it's doing well when a lot of coins have struggled. that is a sign of a coin that isn't at the mercy of mercurial consumer sentiment, as much as it's possible to say that in the money markets.
ONT - simmilar situation like algorandA broad look at this arrangement, which I'll touch on roughly soon in a profile. Stay tuned for an update
Algorand (Bullish Scenario to $3.00)A possible "Big W" Pattern (pink circles) may be forming, indicating a continued Bullish scenario. Algo is breaking out a a large bull flag pattern, (large orange triangle, partially seen here) with a price target of $2.75-$3.00, and is generally using measured moves up to do this.
A breakout from the large W Pattern with a 46% increase would point to a Price Target of $2.86 ($2.57 starting from the lowest point in the W pattern).
Algorand would need to stay above $1.90-$1.93 (generally) in order for the breakout to occur. If Algo dips below $1.77-$1.74 this could indicated additional sideways trading for several days/weeks.
Additional Trading Journal notes: Registration for Algorand's new Community Governance ends 10-14-2021. Sideways trading could be seen until this date, after which the price of Algo is sure to go up (due to the number of tokens locked up causing the price and value of Algorand to rise.)
related Algorand published ideas posted below:
Reiterating Bullish Call on Algo (Algorand)Crypto space is starting to go bonkers and with this happening, it's wise to choose the strongest one
In my opinion, it's ALGO or Algorand.
Been watching this crypto for almost a month now and here's what I like about it:
*ALGO corrected and stabilized on the 50 Day MA while ETH and BTC on the 100 DAY MA, a sign of relative strength
*MACD Cross up, MACD +
*Area Pattern: Falling Wedge, a Bullish one
*Histogram soon to be on the positive side - a sign that downward momentum is about to reverse direction
*Area Pattern breakout retest, now acting as support ($1.80 level)
*Volume Contraction Pattern
With all this plus the bullish environment, it's tough to say no to ALGO. Let's go!
For my entry strategy, check link below
Good luck!
resistance test ( Algo 1D )Algo coin is preparing to test the resistance again, we were able to support in the Fib 0.382~0.618 range, if we cross the resistance zone, we can prepare ourselves for high prices.
* In trading, the winner is the one who manages his profit and loss *
* The responsibility for buying and selling lies solely with you *
*** pay attention ***
BTC is influential in all transaction
This Indicator just went long BTC for the first time since July!We've cleared this supply on BTC and are now looking for that upper level level at 52k after the first BTC long signal since July on the 1D
The big round number that is $50,000 tends to hold a level of important psychologically with traders (Think 10k, 20k, 30, 60k for the first time.. and how that played with emotions).
That's why despite the structure to the left giving up clean air to 52k, i'm playing with caution until 50k is confidently broken.
This is a key level for BTC and emotions are running high, which means we need to brace for some BTC chop.
Despite that, i'm expecting big things in Q4 2021, BTC seems to be pulling away from the traditional markets and standing on it's own 2 feet, which means big profits for traders like you and I.
Please trade at your own risk and do your own TA and I'd love to hear your thoughts below.
Take care friends.
- May the profits be forever in your favour.
ADAUSDT Analysis - ADA wants to go Higher to $2.40+?ADA sitting nicely inside this triangle formations, which are rife across the alt market currently and many are looking to follow BTC's upward momentum.
50k and those big round numbers can often play with the emotions of traders, where many might look to close longs or open shorts, so being prepared for a potential bit of BTC chop is a good idea as we approach that level.
Nonetheless we're seeing strength and upside moves across a number of alts ($ICX, $ALGO, $OMG) for example, so to see more from the major pairs is to be expected, particular once we break that 50k level.
Still trading with pretty tight stops across alts as we head 50k, but the market is offering some good opportunities to be well placed for Q4
Would love to hear your thoughts or see your chart below.
- May the profits be forever in your favour.
Algorand (Bullish Scenario to $3.00)Algorand is currently charting several measured moves up, and at times showing an even more bullish scenario with R.S.I Divergence.
With Algo's Community Governance now in the "sign-up-stage" ending October 14th, the token is sure to see continued bullish movement with an overall price target at : $2.75-$3.00, (breaking out of the large bull flag pattern, seen as the orange triangle.)
Algorand is also charting nicely with a rounding bottom, (seen as the black curved line).
Support/Floor at $1.50 with resistance at $1.90-$2.00.
Algo will likely test the $1.90 price target, after which the token should see an almost parabolic move up to $2.00 (and beyond.)
If Algorand falls below $1.90-$1.80 though, I would expect general sideways trading between the $1.50 to $1.80 range for several days possibly weeks.
If Algo reaches the $2.40 price target (while still within the rounding bottom pattern) I would expect it to break out of the prior move (rounding bottom) but with an overall price target of $2.75-$3.00 still.
related Algo published ideas linked below:
NeutralHello guys, it seems that after a good growth, we are pulling back to the broken line, and the closer you buy to these lines, the better the price targets are, and the stop loss is the closing of the daily candle below the price of $ 1.60 in the daily time frame. I love you dear followers. Good luck
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ALGOUSDT Technical Analysis
⏳ Spot
💎 ALGOUSDT has formed a symmetrical triangle and after the breakout it might go down for a retest and then continues the Bullish move. The Pullback are is at around 1.7070
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 1.7070
☕️ TP1 1.9550
🍺 TP2 2.0650
🍻 TP3 2.2222
🍾 TP4 2.4000
🍷 TP5 2.5555
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 1.5500
Good Luck 🎲
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💡Don't miss the great buy opportunity in ALGOUSDTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7078).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.9526
TP2= @ 2.0650
TP3= @ 2.2250
TP4= @ 2.3999
TP5= @ 2.5568
SL= Break below S2
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Now, It's your turn!
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💡Don't miss the great buy opportunity in ALGOUSD Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7078).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 65.
Take Profits:
TP1= @ 1.9526
TP2= @ 2.0650
TP3= @ 2.2250
TP4= @ 2.3999
TP5= @ 2.5568
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price has been able to break the resistance line and start moving upwards.
We have drawn a support line for you that can support the price. At the moment, the price can move towards its resistance and if it breaks and stabilizes above it, then it can move towards the next resistance.
It is possible that when it reaches the resistance line, falls to the support line and then moves upwards.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
ALGOWe bought spot ALGO at $1.02 back in Aug then closed at $2.20 I alerted spot again last night at $1.73 and have a ST target of $2.10 & LT EOY target of $4.
The Sad Reality- So this post is not a Cosmos analyse.
- i just wanna teach peoples and help peoples.
- So u want to know if your altcoin is a good invest or a shitcoin before the end of this bullrun ????, i will show you how to detect it.
- Take any of your coin and draw a Line from May 8 ( Last BTC Dip) to Now and check this Line. You will see very fast if your own coin is in Bullish or Bearish Mode.
Have many reasons for a coin to be in Depression ( Fails, Hacks, Delays, Slow Exit Scams, Evacuate coins on Peoples, etc.. ), that said, some teams know what they do, and they will Pump their coin at the good time ^^.
- The Big question u have to ask to yourself is : " Why i wait for moon on my coin..... While am waiting for the Moon, some others coins are Mooning Already !"
- So as first exemple i took COSMOS ATOM and as you can see, it's BULLISH.
- i will add some populars Coins/Tokens in next comments to show you some results with a simple trendline !
this post is not an investment advice for any altcoins!, it's just the reality.
Happy Tr4Ding !
ALGO next move could be a big oneI have been following ALGO closely, its shown very positive signs and next move could be big. Last trade I set a modest price target just below global trend which it reached. Now it is pushing up on global trend which will also be a likely bullflag breakout. Which should attract a lot of attention
Look for break and retest above global trend and previous daily support around 1.85
If it pulls back from here look for a reset in the 1.75-1.65 range then watch for a break up of global trend.
Possible to open a higher risk trade on the reset with a stop loss of 2 ATR. Look for buy setups on lower time frames
Check my previous post for more details, make a plan and follow it!
As always, keep an eye on the health of BTC
ALGO Bullish 📈Algorand is currently in this Chuvashov downward fork. This is a bullish pattern and we should see a break of the top resistance soon.
I'm looking for an entry on break or a very (very) small entry here and to scale it on the break.
This could send ALGO back to the $2+ area.
Watch this!
