Hello Traders.
Good bullish daily candlestick pattern.
We have a very strong bullish segment. We know it is very strong because the long volume of the accelerated volume indicator, the green line (bullish volume is very strong).
Then we have a correction of the bullish segment where the short volume (red line of the accelerated volume indicator) is not very...
Algo will be alright, just adding comedy since my projection was wrong. This might be the dip to buy, it hit my buy dip target of 1.60 earlier today. It could bleed more so i am watching it throughout today and the beginning of the week here. Everything is red today, so just be patient and DCA when you think its time.
I am buying the dip since this morning with only 30% with idea of adding more once bottoming is confirmed.
All eyes on SPY, nothing else matter. If SPY dip is bought, everything else will be bought.
Right now, SPY broke an important trend line so very cautious going forward but also letting my FOMO make some of the decisions.
I do like ALGO here though as...
ALGO or Algorand has one of the stronger looking charts in the crypto space
With it's recent ascent from $1ish to $2.50ish, ALGO is currently undergoing some price correction
What's nice about its ongoing correction is the Volume Contraction Pattern (VCP) on its daily volume, a bullish sign.
The previous resistance that it broke, $1.80 ish, is now acting as...
Have you already shorted ALGOUSD today ? If not, take a nice cup of coffee, get up (or the other way around), wipe your eyes and set a short on it.
Why?
Time has come. That's why. We're at the end of a massive pump . ALGOUSD RSI (1d) has been as high as today only 4 times in its lifetime, and 3 out of 4 were excellent shorting opportunities , and the 4rd with...
The daily MACD just manifested a Dead-cross. Comparing it to last time, as highlighted in the picture, the price can revert to MA100 or MA50. A target price of 1.5$ does not seem to be out of reach.
ALGO IS SO BULLISH, it's forming not one falling wedge but two wedges (technically bullish patterns) 😀...No matter how you look at it it's bullish, with expectations to reach $2.80 min or $3.00 after the breakouts upwards.
Algorand has been on an uptrend lately and topped charts as the best performer coin multiple times. With the price climbing to heights not seen...
Pattern: Channel Up on 1D.
Signal: Buy on the next pull-back after the 1D Golden Cross gets formed. That has been the last buy signal in the two previous bullish legs to a Higher High.
Target: 3.7500 (the All Time High).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Algorand is a sleeping giant. We have seen Polkadot, Cardano, and Eth explode but we haven't seen Algorand make a huge move? I think it's overdue for it especially when people start to realize its superior to the coins listed above in certain aspects and it has the potential to be used commercially. It could also be used for derivatives and completely...
Bullish set up with $1.75 acting as the floor. I'm looking for price to break the triangle to the upside with a move above $2.25 to signal potential to see $3-3.50
I have ALGO breaking up in a minor W5 as a sub wave of the Intermediate W3 heading towards $3.21. We just took a long leverage trade in my group. GL guys. Big Mike loves all of you.
9.14.21
My Minimalist Analysis of $ALGO
1. TARGET ENTRIES for $ALGO Correction taking place. The Chart will be adjusted after correction.
2. We will ENTER during ACCUMULATION.
Indicated are key support and resistance levels using small and large trading range boxes for ENTERING A SWING TRADE (Short - Long.)
Watch out for Patterns, Divergence, EMA,...
Algorand, or what I called " the sleeping giant " is finally awakened.
As per my previous analysis (attached below), we have been waiting for a confirmation to buy ALGO around the support 0.700
ALGO activated the buy and traded higher aggressively . This movement reminded me of FTM and how its parabolic movement started.
NOW WHAT?
ALGO broke above the 1.8...
