Algo Update - ABCDE Algo is looking pretty good. I think we have one more drop to the 1.60-1.65 area before we head up towards 2.20. This is just a potential play that I am currently keeping my eye on.
Thanks for viewing my post!
Algo
✅ALGOUSDT - Hit TP1 exactly in an hour as expected!-
Congrats if you've been following this trading strategy as below!
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Now you definitely take some profit at 1st TP.
Next, you can hold the rest till TP2 or TP3, surely can take it all anytime you want.
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I suggest that you can move the original SL a little upper to assure your potential profit!
Have a great profit guys!
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If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
ALGO/USDT : Breaking out the trendline ! BINANCE:ALGOUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it !
#ALGO is breaking above the bearish trendline here.
📚 There are some of the bullish factors for it :
- There's a S/R line which has been broken and it has so much impact on #ALGO's master candle after a retest on it.
- Breaking above the current trendline will lead the pair to the recent high which is also.
- This the 5th attempt to breakout and based on 5th rule, Bulls have the opportunity to hold above the trendline.
- EMA200 is supporting the movement and also it's standing to the support zone on current chart's time-frame.
- MACD had a bullish crossover and now it's breaking above the neutral line; Also there's a buy pressure located on MACD.
- RSI is standing at 62 currently which is suggesting the bulls upper hand on current level.
- #ALGO is breaking above the MA200 currently
📌 You can take a ride after a hold above the mentioned resistance zone.
🔴 Any close below the support zone will invalidate the bullish bias.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ALGOUSDT - Good timing to break out this big Triangle!BYBIT:ALGOUSDT
4H trend chart
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ALGO has kept consolidating as a triangle formation for a while.
There were many times fake out and needed to modify the upper downtrend line.
Now it just broke it out in 1H chart, and we should notice the closure of 4H candle is firm or not.
So if price can be confirmed of breaking out this triangle, trading strategy as below.
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Profit Targets:
a) 1.8925----Fib(1)
b) 1.9708~2.0025----Fib(1.272~1.382)
c) 2.0704-----Fib(1.618)
Stop losses:
a) 1.7730-----Red horizontal ray
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If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Potential Nice Trade Set UpIf algo breaks out of the triangle to the downside we could see a strong bounce off support. 1.65 is a pretty good entry and target would be 2.15. All dependent on Btc.
Nice setup on ALGOAlgo is making big triangl formation.
Wait for break of bearish trendline and then entry to the position.
It is better to entry with growing buy volume.
Stoploss you should put below the last low.
ALGO possible breakout only if...ALGO could breakout only if we close the daily candle outside the symmetric triangle.
FOLLO and LIKE for free breakout signals (:
ALGOUSDTAlgo-usdt / 4H
Enter after break trend-line
resistance : 1.9 - 2.1 - 2.4
Stop : Daily Close under 1.5
ALGOUSDT 4hALGO currency is in a one-hour time frame, which can also break upwards. There is also an RD + in the RSI, which could be a signal for the currency to grow. The targets of this currency are 2.02 and 2.23, respectively.
Algo Geo is primo! Chart By CyptoKnee Quickie! Elliott Wave could be a couple things, but mostly corrective MO ATM, just one idea on there now. Somethings need to be invalidated and a break of the range would assist in getting a better Idea. But the GEO has been playing great! Going to be watching these with alarms set to see which way it decides.
ALGO updated ideaProbably will make serious run by end of Nov. Right now there will be other coins that run before ALGO because it already made ATH in Sept.
ALGOUSDTthere is chance Market will start upward move in few new hours ! i think there is possible to reach 2.0 $ algo price again, we should set and see
ALGO CHART ANALYSISALGO is in a good position.
If it does break the trend I will buy and hold for a few days/weeks.
As I see it now, if it breaks the trend I will buy and put my stop loss at 1.5$.
At 4$ I will take 50% profit and I'll let the other 50% and take profit at 6$.
SL: 1.5$
TP1: 4$
TP2: 6.5$
This is not a financial advise, I am looking for long term benefit, this is my strategy.
ALGOUSDTHi everyone,
This is my description:
Blue Lines: Resistance (Target for sell)
Orange Lines: Support (Step for buy)
Pink Rectangles: PRZ
Thanks for your attention.
algo usdt if breack out dynamic resistance then we can think about huge pump also look algo have good chart in high time frame like weekly I RECOMEND YOU BUY SOME ALGO NOW AND MORE WHEN BREACL OUT DYNAMIC RESISTANCE
Bearish Divergence Weekly Time FrameAlgo formed bearish divergence on the weekly chart could see a drop back down to the support of this channel before heading up to try all time high. Still long term bullish on Algo just think we could see a drop sometime soon.
descending triangle ( Algo 1D )(( please read the description ))
Algo coin is currently falling in daily trading, if it can get out of the downtrend triangle in the coming days, a target is considered
tip :
* Support in Fib 0.5 ~ 0.618
* The trading is above the MA 50 (blue line), one should hope for an uptrend and test the resistance Zone .
I tried to identify the points of support and resistance for you, Trade smartly, Good luck.
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* In trading, the winner is the one who manages his profit and loss *
* The responsibility for buying and selling lies solely with you *
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********************************* pay attention ****************************
For stress-free trading, see BTC price trend, BTC is effective in all trades
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$ALGO buy set-upsBetween the two scenarios, A & B, I think scenario A is more likely so I'm looking for a breakout above this downtrend line.
Scenario A looks likely because of an MACD cross, strong bounce off the lower bound of the channel, showing strength. Looks like it is about to test RSI at 50.
With ETH fees going through the roof and ALGO being put to the test with more and more transactions per second while maintaining fees below $.01 I think ALGO will flip ETH eventually unless ETH fixes the gas fee problem or ALGO can't maintain its low fees while scaling.
If scenario B happens, I will be looking to buy more once it bounces off the lower bound of the channel.
Long ALGO. Strong support at 1.5538
4% for staking your Algorand on Coinbase. Nice to own an appreciating asset that also has interest.
ALGOUSD LONGALGO is an interesting asset to trade on. It has broken many resistance and seen sharp uptrends in recent times. In my chart, I have a forecast showing how ALGORAND will break the 2.1997 resistance in it's next bull.
Algorand (Sideways Trading)Algorand has been stuck in a sideways trading pattern for the past few days. Seeing a small breakout to the upside (and downside) on occasion, but never breaking below $1.54 (floor/support zone) and never going above $2.09 ($1.86-$2.00 resistance/ceiling.)
Algorand's Community Governance registration period end this Thursday (10-14-2021.) At the time of writing this Algo has:
57,067 Governors, with 751,415,874.696 Algo's committed to be locked up for the 3-month required timeframe.
The Pink rectangle on the R.S.I Chart is a high level of resistance for Algorand, and is sure to be either rejected at this level, or breakout from this level.
A rounding top formed (seen as the over head arching red line.) However, an even bigger rounding bottom can be seen (the arching blue line).
The overall Crypto market has seen the bull market continue, with wide speculation of an extended Bull Market (possibly till January of 2022 and/or beyond.)
Price target around $2.75 to $3.00 per Algo by October 28th through October 31st. With a possible delay till mid November.
related Algorand published ideas linked below:
ALGO - Keep An Eye On This LevelAlgo is at a pivotal point where we may either get a bounce off the 1.5 structure level or we can break through.
If we do break through, look out for a retest of that structure level before moving down.
Short targets would be the triple bottom region of 0.7.
Long targets will be the recent highs of 2.5.
ALGO USDT analysisHello Trader,
Please look at the video.
ALGO is on down trend and as per this analysis this will be continued to lower price as of the current date and time of publishing this idea.
RSI is low at 27, current price is ~1.63
1- First target is 1.56
2- The second is 1.49
3- Very ow possible third target is 1.21
--- Some advices
This is not a financial advice
Open trade at your own risk
Never invest beyond 10% of your portfolio
Never ever forget to have the stop-loss(1/2.5 R/R and more is better)
