so it seems to have bottomed out, now showing uptrend which has been tested 3 times and looking to go up on RSI as well. i pinned the bottom of beginning of the pump to the top of the end of the pump and so on and so forth until the end, then i got the average for the downs and the ups and put that on the forecast for the next pump which seems to be about to begin...
Part of my ongoing analysis of AlgoRand movements (see links below).
Algo retraced deeper than ideal, thanks to Bitcoin.
But it bounced EXACTLY where it was supposed to.
Now it is bubbling just under MASSIVE resistance.
It will take a wave "3 of 3" to break the hard ceiling.
The waves thus far do conform to such a structure.
IF we are to breakout, THIS is the...
Algo is looking to make a bullish rebound. On two previous occasions we saw the price in a downward 12345 wave while the RSI was reversing during the same time and the OBV was bottoming. We may see a similar event soon with the current wave in the 5th wave and will test the diagonal support (most probably with a wick). The RSI and OBV are showing similar...
Part of my ongoing analysis and trade setups (see links below).
Last call for Long trades paid out well.
We have since been watching the retrace.
Price is approaching some zones of interest.
It is possible that an ABC retrace is done, (look for an impulse up next).
Or it may dip below this support (longs stop hunt) before launching.
Of note: Algo has been out...
Algo have been going strong, as you know.
It has kept a strong Pulse to help it grow.
But soon it should be getting tired though.
Where might it Resign?
Headed to band Nine?
Just watch each Line.
.
.
Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water.
every Pebble bears its own Ripples, gilded of Ratio Golden.
every Ripple behaves as...
ALGO.USD preparing for a "Wave 3 of 3"? or just "3 of C of 2"?
AlgoRand has been a pleasure to trade, with Fibs guiding the way perfectly. (see links below)
But currently things are not very clear, and Bitcoin is having random spasms.
So any trades right now are fraught with extra risk, even for the cyrptoverse.
The "Holy Grail" of entries is a "Wave 3 of 3"...
Update to my ongoing analysis of AlgoRand moves (see links below).
Here I am with another messy chart, I know.
We bounced as expected and topped as expected.
Now comes the TOUGH call, many possible paths.
We look to be in a "wave 3 of C" at this time.
But the w1 and w2 were unusually tall so am unsure.
We should see one more leg down, perhaps a stop hunt.
In...
AlgoRand bounced EXACTLY where expected (see idea link below).
But the bounce looks and measures "corrective" more so than "Impulsive".
Plotted are two scenarios for the correction to continue to new local lows.
Hopefully I am WRONG and we see a sudden surge like Algo does.
One good sign is Algo moving somewhat independently of Bitcoin.
But short of a surprise...
Quick plot to observe price action around expected supports
We have just hit a support zone, which should at least slow it down.
Am expecting one notch lower, but it could bounce here and now.
In my last plot below, the retrace played out roughly as expected.
The bounce took off from a zone defined by these same fibs.
But the bounce was almost vertical, so it may...
Priceline of Algorand (ALGO) / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.2207 to 0.2093
Sell between: 0.2477 to 0.2883
Regards,
Atif Akbar (moon333)
As we can see in the daily chart, the bearish rectangle has formed over the past two months. Today the price breaks down the low trendline of the rectangle, thereby confirming that the bearish consolidation phase is over, and the bearish downtrend has resumed.
On the technical side, the RSI has been an accurate indicator of market strength. Over the past two...
As you know, Bitcoin took a dive and took everything with it.
ALGO was running at its own pace until the last day or so.
But we also knew that a serious correction was over due.
Plotted are two possible pathways for the next leg down.
Correction MAY be done, but I see a wave (3) needing a (5).
If it gets past the bottom of wave (1) then correction DONE.
.
...
Priceline of Algorand (ALGO) / US Dollar is forming a bullish Gartley pattern and soon it will be entered in potential reversal zone insha Allah.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.2691 to 0.2629
Sell between: 0.2740 to...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
