Algo ready for a leg up?Leg up or a break down of a perfect uptrend containing perfect higher highs and higher lows.
Algorand
Algorand will come to 0.72ALGO will come to line A and if it breaks it will definitely come to line B. I don't expect it will break line B. Then run sideways until two or three weeks. if it didn't break A, it will follow path X. if it breaks line A then it will follow path y.
ALGO USDT - Weekly viewAlgorand right now is visiting the Fib retracement level 78.6%. Could be a good buying opportunity... Also as a second scenario could go visit the reversion zone. Waiting for a confirmation on a lower timeframe.
ALGO may pop up I’m not sure why because the crypto market is underperforming right now but Algo seems to be in a spot as far as my technicals are concerned that would indicate a move upward toward its 4 hour chart 200 DEMA.
I AM NOT ADVISING THIS RISKY TRADE …. Please trade w caution
XRP, MKR, ALGO,THETA: Curved Tops Suggest Incoming CapitulationHi All!
As highlighted in my last analysis, BTC has two choices to make regarding the 100W MA and 200W MA. This choice will likely propel that market in that direction.
Shown here are 4 altcoins that have formed a bearish "pattern" - curved top of the downtrend, similar to a parabolic uptrend, but just pointed this opposite way.
There are many examples of this curved top ending in some strong bearish move to the downside with an example being here:
Each of these coins have also broken their 400+ day trend lines in a bearish way.
Each chart has two support lines that show the high demand & deep liquidity zones.
Not everything in the market looks this way, but these coins may suggest of whats to come for the rest.
To void these curved cliffs, price must break over and hold for some days.
As always, this is my opinion & NOT financial advice!
Thanks for reading,
Please comment and like!
Algorand longAlgorand bounced off the support level. Asset broke trough the descending trendline. Bullish movement to resistance level at 1.23 is expected to happen.
#AlgorandUSDTWeekly logarithmic time-frame:
An impulsive wave consists of 5 sub-wave shaped through a channel and wave 4 overlapped wave 1, this means than the probability of breaking down the channel is high.
Finally channel braked down with the red candle closed.
go for short.
Algorand (ALGO) formed harmonic bullish Shark for upto 276% moveHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO).
During the previous crash of May 2021, Algo formed the bullish harmonic Gartley pattern and we had a nice trade which I shared with you as below:
Now during the current crash, again on the weekly time frame, chart, ALGO has formed bullish harmonic Shark pattern for a big bullish reversal move. Right now after completing the final leg, it is moved slightly up, therefore, we can wait for the candlesticks to re-enter the buying zone.
ALGOUSD | ALGOUSDT Short trade on harmonic patternThis is just ALGOUSD short trade taken on Phemex exchange with all Twitter link for personal trading journal but maybe someone will find this helpful.
Trade is taken when I saw ALGO reached bearish Gartley harmonic pattern PRZ and possible projected harmonic pattern.
After reached confluence of two bearish harmonic (Cypher and Anti Butterfly) I have ready short position with stop loss and targets based on bullish harmonic projection (I use also harmonic patterns for good place to take profit in stages). And always moving Stop on break even or in profit in stages.
Rest of full of this trade (I took 3 short and one long what is closed on break even, flipped to short) is on chart with all update I done on my Twitter.
Reminder to always give winning trade to run and losing trade cut when you see is going against your idea. Use Stop Loss and take profit in stages. Move Stop Loss according to your trading plan.
HOW ALGO PERFORMS DURING HARD TIMES? Everything's on the chart..
no financial advice :DD
I personally don't trust market atmosphere like this
If u invest then I hope u do good money/risk management
Trade safe n fun
ALGO In Support ZoneALGO is in support zone again. I think we accumulate here for a few weeks and see another run up. Ultimate plan is we hit those upper fibs before some kind of retracement back down.
ALGONot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
ALGO (ALGORAND) - ENTERING LONGALGO could break above the accumulation zone and extend beyond the 1.6 rejection
Entering here (1.30-1.35 zone) on 5x leverage
ROE = 150%+
Liquidation is below 1.1 and will add around there if I need to lower it. Upside here is huge imo.
Stay nice, this is not financial advice.
- mrnicegvy
Like and Follow to watch this unfold
ALGOusdt,bullish ideaThe price has touched the trend line.
Correction of 0.618% of the previous uptrend and the placement of the price on the important trading level.
ALGO - Urgent Update w LevelsBad News:
Bitcoin tumbled in an extended selloff for cryptocurrencies, falling past $39,000 to its lowest level in more than five months.
The largest token sank 5.6% on Friday, marking a three-day downturn. Other cryptocurrencies were similarly in the red as investors offloaded risky bets in a volatile week for global markets. Ether fell below $3,000, losing as much as 8.8%, while Solana, Cardano and Binance Coin also slumped.
Here is our chart with updated levels. Remember to keep your cool and deal with every situation in the best way.
One Love,
the FXPROFESSOR
ALGO (Algorand) - Falling wedge into possible double bottom As charted, ALGO has formed a falling wedge on daily and retesting lower demand.
If BTC rally continues will see a breakout soon with Profit targets marked
Potential Bullish Divergence Algo chart looks very similar to the ADA chart before it went on a nice little run. We have formed lower lows in price but we have higher lows on the RSI. 1.25 would be around a good entry point.
ALGOUSDT Weekly Chart AnalysisALGOUSDT is currently at a trend line and a major support zones on the weekly chart. A support area is usually known as a buying zone.
ALGOBTCALGO pulling back to the broken resistance
I bought ALGORAND with BTC pair here
targets in the chart
targets based on fibs levels.
BINANCE:ALGOBTC
ALGO - Approaching A Massive Support!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for ALGO, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
ALGO VERY BULLISHALGO weekly chart...looking really bullish and
staying within the bullish channel. the DeMark 9
Indicator is reading we have h9it bottom and ready to move up.
if it bust major resistance, we can see all time
highs and going toward my price targets. RSI
is also looking bullish
ALGOUSD has bottomed. Next High at $4.00.Algorand's price action has been very straightforward since the start of 2020, as it has been trading within a long-term Channel Up. Every Higher High follows a +0.236, +0.786 +1.0 sequence on the Fibonacci scale and every Bottom is made on the second low following the correction and a Triple Bottom on the 1D RSI (green shape).
If this pattern continues, then ALGO should currently be on its bottom as it is the second low leg since the correction (could be even the third if we count December 04). That makes it a strong buy opportunity on the current levels. A 1D MA50/MA100 Bullish Cross should come as confirmation of the rally but the accumulation process has already started.
Based on the Fibonacci sequence of Higher Highs, the next High should be on the 2.236 Fib extension i.e. somewhere around $4.00.
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