Trade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now retesting that breakout level. If successful, price could revisit $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the...
Take noted the below is not an investment advise, bet at your own risk. I am solely not responsible for any of your loses in money or assets.
The Current Algorand price is USDT0.1004 as of 8 October 2023.
The Algorand have potential to breakout from USDT0.1004 to USDT0.2185 range in the coming 1 to 2 months before the Fed's FOMC in November 2023. This is because...
ALGORAND is stuck in this range after a weak break abive the main bearish trendline. Range can be good, because usually is an accumulation zone. We just need to wait for a break above this range to see a pump till the local top that is the first resistance zone
Algousdt is currently exhibiting a potential cup and handle reversal pattern following a significant drop.
This pattern suggests a forthcoming bullish trend for the coin. The designated buyback zone presents an attractive opportunity for purchasing, with expected targets highlighted on the chart.
It is advisable to set the stop loss below the handle area to...
ALGO: Bullish Bat Pattern
Algo completed a bullish BAT pattern signaling a possible correction or a change in trend.
What is important is that in both ways the pattern is signaling for a possible bullish wave.
Considering that the price reacted perfectly after the pattern was completed this is adding the chances for a clear bullish movement.
You may find...
Trade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now retesting that breakout level. If successful, price could revisit $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the...
ALGO is forming a bearish flag and also if we use ABCD pattern, I can see that this pair is in downward trend.
Key levels are defined and the price is in downward trend.
Trade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern and back above that 200-day MA to signal trend reversal to Uptrend. Near-term upside potential to $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks...
Enter on 3D close above 0.3 $. (Inverse H&S Breakout)
Invalidation at 3D close below 0.15 $
Take profit 1 & 2 on chart @ marked Fib-levels.
Trade safely and with a proper risk management.
Hello, my friends. Nice to meet you all
It's going from BEARISH EXTENDED WAVE to BULLISH EXTENDED WAVE.
We expect to break out the upper line of BULLISH WXTENDED WAVE with strong support from ZONE.
It's time to review which altcoins showed sign s of strength during the recent new Bitcoin All Time High (ATH) ... and which showed no strength.
Together with the failed breakout we observe on Algorand, THESE altcoins didn't fare much better. There are a few more, but let's focus on these alts for today:
What we're comparing this chart to, is the obvious...
🔍Let's dive into today's market analysis. Compared to yesterday, the market hasn't made any significant moves, prompting us to zoom in on the daily timeframe for a broader perspective. Today, our focus is on ALGO coin, presenting intriguing opportunities for both short and long positions. Let's dissect the price action to identify optimal entry points for futures...
#ALGO
The price is moving in a bearish channel pattern on the 4-hour frame and sticking to it well
The price rebounded well from the lower border of the channel at the green support level of 0.160
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break...
ALGO Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 0.2023. Remember stop loss is your friend. Everything is on the chart.
Entry 0.2023
S.L 0.1568
T.P 1 0.2650
T.P 2 0.3112
T.P 3 0.3749
T.P 4 0.4438
Trade setup : Trends are mixed to down. Following a failed breakout, price is back to trading within a Channel Down pattern. We wait for a breakout from the pattern and back above that 200-day MA to signal trend reversal to Uptrend again.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to...
