Today, I’m going to share something that’s a bit of a secret among those in the know. I will shed some light on the first secret today, which is the volume.
The first topic for today is the volume. What you see is a chart that’s a combination of 10 minor cryptos weighted based on the volume to create a single chart for us to analyze. This is part of my basket...
For now we won’t know exactly where the measured move target will be until we know clearly where we officially break above the neckline as well as flip it to solid support. Will update this idea once it happens. *not financial advice*
Every L1 smart contract platform other than ETH has been underperforming the market in this cycle, but ALGO is truly the king of all laggards. It hasn't had a single ounce of relief in almost nine months. It's time to do or die.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
ALGO is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes.
H4: Right Chart
ALGO formed a valid channel in red but it is not ready to go yet. For the bulls to take over, we need a break above the previous...
Interesting continuation pattern developing on ALGUSD.
Theory is for a continuation of the bearish momentum, however, in case of close above the channel, the outlook would then suggest a bullish reversal.
For now we wait for the breakout and the position our trades accordingly
This is a simple setup for algorand position relative to BTC, ETH and USD
It appears that ALGO is now threatening ETH, as we are hovering dangerously close to upper channel.
With regards to BTC, we are also in the same position.
If Algorand receives any additional catalysts from events, we could see a strong relief rally.
Based on Inverse Prices action in USD,...
ALGO price continues to move within the descending trend completing the previous market cycle.
The culmination of the falling phase will be an aggressive downward exit of the price under the support level of $0.25
Medium-term purchases can be considered at $0.1440 - $0.1900.
The targets of such purchases will be price levels of $0.25 and...
The point of control level is $0.3005 very significant. Dating back to Algorand 's inception, this has been a key level of resistance/support. ALGO stopped nearly to the penny on the volume shelf at the bottom and bounced off it multiple times.
Previously it was resistance, now it seems to have become support. ALGO seems to be running out of sellers. Soon the...
The following content is machine translation:
In the 4-hour chart, it rebounded from May 12 and stepped back. It stopped falling on May 29, and then started to oscillate upward. On the way, the low point of the callback continued to rise, forming an upward trend line, but it formed resistance at the price of 0.42. The second time around 0.42 was suppressed and...
Here is a update analysis on Algo. We about to see algo move up trend in the next few weeks. All blue arrows shows how long you should be holding algo for to profit. Algo have potential of hitting over $3 Rsi looks similar from all its previous lows. Make sure you do your own research before buying.
Not intended to be a piece of financial advice.
Playing ALGO/USD at 15m timeframe and following the swing based on TA looks promisingly fail-proof. Not saying it won't lose a trade but has rarely done so.
Why do guesswork or tinker about what goes up and what goes down? When emotions are out, the trade pattern with ALGO becomes stress-free. It's my experience....