Now amidst all the uncertainty and fear with the upcoming halving, I leave the possibility of anything happening open, and advise that you be careful and always use proper risk management when trading! If using a sound risk management strategy, I think that certain alts (particularly the most promising ones - like algo) are looking favorable. This coin has bled...
I think there is no need to say much for #ALGOBTC, ALGO should act against Bitcoin soon.. Although there is no signal about returning from the bottom up yet, I think Bitcoin will bind to bed for a while and there may be opportunities in some altcoins, we will wait and see .. You can find important levels in the chart .. Disclaimer: What I wrote is not...
ALGO reminds me of the current BTCUSD, but much lower. It has almost the exact same waves, but goes x2 when BTC goes x3.
COINBASE:ALGOUSD Is making a bullish bat pattern. Putting my bids there. Great pattern making gains every day ;)
Algorand was rejected at resistance, shorted it with low leverage and with a wide stop (because of wicks). My target is around 0.1741 BTC; If we closes daily above 0.2050 BTC I'll flip long targeting 0.25 BTC mid-term. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your...
Alto long if we break $0.2080 entry at $0.2081 Stop 0.2028 Target 0.2149 Risk/reward 1.5 : 1 Be safe traders
Take a look at this beautiful chart. Even if ALGO/USDT pair is bearish on a long-term scale (bearish flag), we can hope for a quick recovery to retest this big flag. It can offer a 40% gains and it should be easy to trade.
maybe it will touch next support in 2203 in coming days. RSI is near to 30 and its a good sign, last two touch made it fly hard . in 4H we can see good divergence buy zone : 2400-2200 TP1: 3203 TP2: 3764 TP3: 4127 TP4: 4606
It seems I was right and It was a bearish retest. New lows are coming. Information is just for educational purposes, never financial advice. Always do your own research.
Looks like bearish retest so far and fall into the abyss next 'coz there's no support left. Information is just for educational purposes, never financial advice. Always do your own research.
Same for Algorand last signal ending stopped, let's see what it brings us on higher TF: Buy Entry= 0.00002552 - 0.00002448 Take Profit= 0.00003084 | 0.00003484 | 0.00004132 Stop Loss= 0.00001918 Risk/Reward= 1:1 | 1:1.69 | 1:2.8 Expected Profit= 23.36% | 39.36% | 65.28% Possible Loss= -23.28% Fib. Retracement= 0.236 | 0.382 | 0.618
Does this look like a good buy? Absolutely not. I won't touch this until it returns to the selected area. It's about 40% higher than current price, not that easy to climb. Information is just for educational purposes, never financial advice. Always do your own research.
Daily Looking at our trend timeframe we see ALGO continues in a minor downtrend since forming our head and shoulders pattern. Stochastic RSI showing momentum is in favor of the bears however it does look tobe slowing down. The last (2) daily candles do show some exhaustion with their wicks, possible we get a reversal at this level. 4Hour Shifting over to our...
Daily Looking at our highest timeframe we see ALGO has formed a head and shoulder (H&S) pattern and is currently testing our dynamic support at $0.30. Stochastic RSI showing momentum is in favor of the bears with no signs of slowing down. A bounce off this level invalidates this (H&S) however we would still need to close above $0.3200 to continue towards the...
Daily Looking at our highest timeframe we see ALGO has remained in its uptrend since the beginning of February, although we are in a minor correction. Stochastic RSI showing momentum has formed a double bottom and the bulls are in a slight pause. Our (2) most recent daily candles are showing some wicks, could be an early sign of the bears getting exhausted. A...
Algorand had to pullback a bit after that big falling wedge breakout. Let's see if it can breakout this small one also : Buy Entry= 0.00004218 - 0.00004166 Take Profit= 0.00004390 | 0.00004513 | 0.00004600 Stop Loss= 0.00003994 Risk/Reward Ratio= 1:1 | 1:1.62 | 1:2.06 Expected Profit= 4.72% | 7.66% | 9.73% Possible Loss= -4.72% Fib. Retracement= 0.382 | 0.618 | 0.786