Losing Dollar Value is one thing. But losing 94% in 2 years vs #Ethereum is a second type of pain That highlights the risk that abounds in #Crypto and the #altcoins Can #Algo start making positive progress now?
It's been a while since our last chart update, but now is a great time to analyze some long-term patterns in altcoins. We still have a few spot trades open, and ALGO looks particularly promising with its potential for significant profits. Currently, ALGO is showing an accumulation phase, which could lead to massive gains if it maintains the inverse head and...
One day can make a big difference. The lead lines have changed quite a bit for cryptocurrency based on the losses over the last 24 hours. This image is an update of the same image I posted yesterday with the new and improved lines of the indicator in orange versus the same view of the black lines a person would normally create if they were looking at the chart and...
My Breakdown of 13 June 2024 German Dax. 5 minute is Better. 0700-088 Judas Swing above Yesterdays Close . Bearish Breaker Set up with Bearish FVG. 0850 Algo Does the business. Targets using Standard deviations of the 0800- 0830 Opening Range. Draw on liquidity is the Yesterdays Longs who were in Profit. Thanks to ICT and Trader Tom .
The black lead lines you see is what you think the graph is telling you based on where the major points on the chart will be found visually; the orange lines is where my custom indicator is telling me the lead lines are found on the chart. See the difference? Drawing the pennants is not always practical. Best to use indicators.
1. The Hero indicator should remain in a bearish mode. 2. Also, the Master Cycle indicator cloud should be in a bearish mode. 3. If the candles hit the cloud in the Master Cycle indicator and fall lower, it is a good opportunity to enter a sell position. 4. The more the candles penetrate the cloud and get closer to the number 50, the more likely we will see a...
1. The Hero indicator should remain in a bearish mode. 2. Additionally, the cloud of the Master Cycle indicator should also be in a bearish mode. 3. If the candles in the Master Cycle indicator hit the cloud and fall further down, it is a good opportunity to enter a sell position.
EURONEXT:ALGO Inverted H&S Pattern: 1⃣ After Breakout = 250% Potential 2⃣ RH Support = 500% 3⃣ Exit = Below Support #algorand #ALGO
Algo long at a key inflection point with another bullish 886. We look to accumulate on any retrace
It looks like Algorand will go up after a long sideways trend. This is evidenced by the volumes and consolidation after recent major purchases. Without further ado, a breakout of the lower line means greater downside potential, and a breakout of the upper line means potential upside. Algorand is currently at a great price to risk a larger purchase, I don't expect...
Algo is is gearing up to challenge its overhead resistance; the last one remaining in this cycle. I believe this will happen sometime in June/July. Things will ramp up suddenly after that.
💎Paradisers, a golden opportunity is knocking with #Algorand! Currently, there's a significant chance for a bullish reversal from the pivotal support at $0.1563. If #ALGO can hold steady at this level, it may signal the beginning of a bullish surge, potentially breaking through the descending resistance to reach our projected strong resistance area. 💎If #Algorand...
Trade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now approaching a stiff resistance area: horizontal resistance of $0.20 and 200-day Moving Average. If it breaks above that, it would signal resumption of uptrend and upside potential to $0.25. Trend : Downtrend across all time horizons (Short- Medium- and...
ALGO ~ 1W #ALGO Forming a H&S Pattern on a 1W Time Frame. It's quite interesting to place small purchases here, with a target of at least 20%+
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...
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
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...