Leading Expanding Diagonal (3-3-3-3-3) Rules: Wave 1 shorter than Wave 3 Wave 3 shorter than Wave 5 (sets 7$+ target for Wave 5) Wave 4 must overlap into Wave 1 territory Can overshoot or undershoot the top trendline Additional comments: Local bottoms seem to be equally spaced according to time cycles; Stochastic RSI is deeply oversold on all major timeframes...
Algorand is sitting at a critical level. Looking to long here.
$ALGO is in a clear long-term uptrend. It is now retesting the bottom of the rising channel. MACD has bullish divergence. MACD is starting to reverse while price continued to slide down on lower volume. Stochastic in extreme oversold territory. Algorand's super bullish fundamentals will propel $ALGO to all new time highs. Once escape velocity is achieved to all...
ALGOUSD is finishing bullish wedge pattern, we already bounced two times and closing in on breaking it upwards. We should look for a retracement back to 50% fib. Aroon: On a daily timeframe it is already giving us an entry for a bullish trade. Macd: is showing bullish momentum gain but we need to wait for a signal line to cross. Bollinger band: We already...
Total market: - BTC at daily resistance, bulls losing momentum. Price has broke triangle on 15 min chart to the down side Daily: - Price getting rejected at 20 day EMA & previous structural level 4H: - Had bearish divergence, price could not break resistance level 1H: - Price broke uptrend line, retested and has rejected and making move lower 15 min: (entry) -...
Hi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO) with Bitcoin pair. Previously I shared a long-term trading idea on Algo, which is still in play: Now on a 4-hourly chart, ALGO has formed a bullish Crab . Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss,...
- Green zone = weekly support - Touching 4H resistance - EMA crossover imminent We have to break the monthly open, which has confluence with our resistance zone. If we do, I'll enter a position on the retest.
just fast scalp be responsible for you SL and TARGET SL maybe 2% under 61% FIB
Thinking ALGO ran The Fib extension gambit here all the way to $3 back in Aug 2021. (luckily some of our members took part in this move as I alerted the buy around $1 I think back in July 1 month prior) since then Algo stays inside 1 brutal correction and I'D say .53c gets tested B4 we can resume the run. But the wick to .67c bottom channel TL does show massive...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8073). . 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 below the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.8073). . 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 below the 21-Day WEMA, which acts as a...
In a weekly TF , market been range bound. On the Hindsight it took the liquidity off the upper range .. now is the time to gain it at Below the range .. IMO there is a big liquidity pool below the range low ( Equal Lows ). Breaching that and closing in the range will be a very bullish signal for #Algo
Divergence on RSI and MACD so I think there is some momentum building for some movement. We could be 50% through head and shoulder reversal. I would freaking love to see this happen. Get back into a giant falling wedge like that & if we get an upward break... it could be one for the ages. I am keeping eye on for now, because a reversal pattern that I can see...
ALGOUSDT price has just reached its critical zone and now it is going to bounce from that area. Sentiments can help the bulls to retain this momentum and will eye 1.0 level again.
Algorand bounced off the resistance level. Asset bounced down off the bearish trendline. Decline to support level at 0.76 is expected to happen.
Break-down out of the wedge. Backtest complete. Starting to sink. Not pretty to watch !!