$algo #algorand still like this long set up because of how tight the R:R is. Need to break back above 20MA to stretch out to next resistance. Note that the top of BB is aligned to 50EMA —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into a trade. Let it come to you. Don’t force it. 2. Find a strategy that works for you and be consistent....
If Fibonacci levels are respected and the ascending channel should not be broken ... Observe All-Time High at ~ .000009 , which corresponds approximately to the key zone of Fibonacci circles level 3.618 (daily) Maybe a new high at ~ .000023 , which corresponds approximately to the key zone of second Fibonacci circles level (3.618) . Only the future will tell .......
If Fibonacci levels are respected, and the $0.49 level will be broken ... The structure takes longer so maybe the pump will also be higher in future. I'm Bullish long term. Observe All-Time High at ~ $0.49 , which corresponds approximately to the Fibonacci circles level 3.618 (daily) Maybe a new high at ~ $1.2 , which corresponds approximately to the second...
sooo there is a lot of upside here. Definitely areas of resistance in between BUT I like it. a lot. Especially if $btc is doing its thing in Feb. Wait for confirmed close above zone. —————————————————————————————— Top 10 trading tips: 1. DO NOT FOMO into a trade. Let it come to you. Don’t force it. 2. Find a strategy that works for you and be consistent....
$ALGO broke through tej descending trendline and the resistance level. Bullish movement to next resistance area at 1,32$ is expected to happen
Algorand is displaying the early signs of a bullish reversal, flipping the daily 20 EMA (exponential moving average) into support around 1.05 USD, is the confluence needed to reinforce this trading idea. Many big cap altcoins are beginning to chase liquidity, and you could not have asked for a more clean technical set-up here. If the D1 20 EMA becomes support,...
$ALGO DTF getting pummeled in today's market. Although the oscillators look decent, $ALGO is having a tough time with $0.9878 FIB resistance
Based on the long-term daily log chart of Algorand, it looks like RSI has reached a low where it normally bounces relative to previous large declines greater than 60% when the 200D moving average was breached. This RSI level has signaled a bounce back 4 times before since the inception of Algorand. The probability that this will be the 5th time is very high....
#ALGO/USDT $ALGO is at long term support zone, it can rise to resistance of $1.1168 that is around half of the bearish master candle, then drop another time to support zone. holding support will head it up to resistance zone between $1.4 and $1.6 break down from support zone can drop price to $0.5 and $0.388.
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!
Leg up or a break down of a perfect uptrend containing perfect higher highs and higher lows.
ALGO 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.
Algorand 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.
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
Hi 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...
Algorand bounced off the support level. Asset broke trough the descending trendline. Bullish movement to resistance level at 1.23 is expected to happen.
Weekly 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.
Hi 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...