This is just ALGOUSD short trade taken on Phemex exchange with all Twitter link for personal trading journal but maybe someone will find this helpful. Trade is taken when I saw ALGO reached bearish Gartley harmonic pattern PRZ and possible projected harmonic pattern. After reached confluence of two bearish harmonic (Cypher and Anti Butterfly) I have ready...
Everything's on the chart.. no financial advice :DD I personally don't trust market atmosphere like this If u invest then I hope u do good money/risk management Trade safe n fun
ALGO is in support zone again. I think we accumulate here for a few weeks and see another run up. Ultimate plan is we hit those upper fibs before some kind of retracement back down.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
ALGO could break above the accumulation zone and extend beyond the 1.6 rejection Entering here (1.30-1.35 zone) on 5x leverage ROE = 150%+ Liquidation is below 1.1 and will add around there if I need to lower it. Upside here is huge imo. Stay nice, this is not financial advice. - mrnicegvy Like and Follow to watch this unfold
The price has touched the trend line. Correction of 0.618% of the previous uptrend and the placement of the price on the important trading level.
Low volume downside All ayes on the strong support at 0.54-0.56
Bad News: Bitcoin tumbled in an extended selloff for cryptocurrencies, falling past $39,000 to its lowest level in more than five months. The largest token sank 5.6% on Friday, marking a three-day downturn. Other cryptocurrencies were similarly in the red as investors offloaded risky bets in a volatile week for global markets. Ether fell below $3,000, losing as...
As charted, ALGO has formed a falling wedge on daily and retesting lower demand. If BTC rally continues will see a breakout soon with Profit targets marked
Algo chart looks very similar to the ADA chart before it went on a nice little run. We have formed lower lows in price but we have higher lows on the RSI. 1.25 would be around a good entry point.
ALGOUSDT is currently at a trend line and a major support zones on the weekly chart. A support area is usually known as a buying zone.
ALGO pulling back to the broken resistance I bought ALGORAND with BTC pair here targets in the chart targets based on fibs levels. BINANCE:ALGOBTC
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!
ALGO weekly chart...looking really bullish and staying within the bullish channel. the DeMark 9 Indicator is reading we have h9it bottom and ready to move up. if it bust major resistance, we can see all time highs and going toward my price targets. RSI is also looking bullish
Algorand's price action has been very straightforward since the start of 2020, as it has been trading within a long-term Channel Up. Every Higher High follows a +0.236, +0.786 +1.0 sequence on the Fibonacci scale and every Bottom is made on the second low following the correction and a Triple Bottom on the 1D RSI (green shape). If this pattern continues, then...
Algousdt: Description: It made small breakout but without any confirmation about it. We just got 2 candlestick clsoed above it which is not enought and also there is some diagonal resistance trendline from which one we got rejection and rejected down to retest breakout level. For now i can't say anything with ambitions about algo. If we hold this level next...
ALGO has held up fairly well over the past week and is still trading above its long-term ascending support (black line) which it has held since December 2020. It is attempting to break above its short-term resistance at ~1.42 and flip it into support. The areas of resistance are marked on the chart (red lines) and will be potential short-term take-profit...
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