Still thinking bottoms in as I alerted to my group back in early Sept like XRP back did bottom at .30c but if BTC nukes we could overthrow to that cluster of
support & resistance I marketed off in my highlighted circle for a capitulation event.
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...
Looks like FIFA fever is beginning, expect max $0.50 range, then a drop after Cup is over.
There will also be a dip when governance pays out as well, but should still push up to target. I expect winter to set in after for at least end Q1 2023.
Good health, family and fortune to all!
ALGOUSDT has been trading under the falling resistance. The price is trading near the falling resistance. The price has also break above 200SMA. The falling resistance is also confluence with 0.38 fib level.
Th price has multiple support level as 200SMA and 0.236 fib level and horizontal zone too.
The price is converging and now near to breakout.
One can long on...
After doing a fakeout above the yellow neckline we now have price action for king above the white neckline….not sure which one will be the most valid but if the white neckline reaches its target they both do. I imagine it will be retesting the 1day 200ma before too long. *not financial advice*
Everything about Algo's chart is yelling "pump". We just hit strong support along with Momentum showing an Inverse H&S. RSI on the higher time-frames looks bullish as well. This bounce for Algo will be strong! My target is a combination of a fibonacci retracement level along with resistance. Keep an eye on Algo because it's ready to pop.
This chart based off of...
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...
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*
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,...