ALGO: Bullish Bat Pattern
Algo completed a bullish BAT pattern signaling a possible correction or a change in trend.
What is important is that in both ways the pattern is signaling for a possible bullish wave.
Considering that the price reacted perfectly after the pattern was completed this is adding the chances for a clear bullish movement.
You may find...
Algousdt is currently exhibiting a potential cup and handle reversal pattern following a significant drop.
This pattern suggests a forthcoming bullish trend for the coin. The designated buyback zone presents an attractive opportunity for purchasing, with expected targets highlighted on the chart.
It is advisable to set the stop loss below the handle area to...
Hello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring ALGOUSDT for a buying opportunity,
ALGOUSDT UPDATE
#Algo is ready to break the Bearish pennant pattern in 1D time frame ✴️
Successful Breakout may lead 30-35% increase in price💸✅
Trade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now retesting that breakout level. If successful, price could revisit $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the...
Trade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now approaching a stiff resistance area: horizontal resistance of $0.20 and 200-day Moving Average. If it breaks above that, it would signal resumption of uptrend and upside potential to $0.25.
Trend : Downtrend across all time horizons (Short- Medium- and...
💎Paradisers, a golden opportunity is knocking with #Algorand! Currently, there's a significant chance for a bullish reversal from the pivotal support at $0.1563. If #ALGO can hold steady at this level, it may signal the beginning of a bullish surge, potentially breaking through the descending resistance to reach our projected strong resistance area.
💎If #Algorand...
Trade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now retesting that breakout level. If successful, price could revisit $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the...
Enter on 3D close above 0.3 $. (Inverse H&S Breakout)
Invalidation at 3D close below 0.15 $
Take profit 1 & 2 on chart @ marked Fib-levels.
Trade safely and with a proper risk management.
ALGO is forming a bearish flag and also if we use ABCD pattern, I can see that this pair is in downward trend.
Key levels are defined and the price is in downward trend.
Hello, my friends. Nice to meet you all
It's going from BEARISH EXTENDED WAVE to BULLISH EXTENDED WAVE.
We expect to break out the upper line of BULLISH WXTENDED WAVE with strong support from ZONE.
Trade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern and back above that 200-day MA to signal trend reversal to Uptrend. Near-term upside potential to $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks...
Take noted the below is not an investment advise, bet at your own risk. I am solely not responsible for any of your loses in money or assets.
The Current Algorand price is USDT0.1004 as of 8 October 2023.
The Algorand have potential to breakout from USDT0.1004 to USDT0.2185 range in the coming 1 to 2 months before the Fed's FOMC in November 2023. This is because...
ALGORAND is stuck in this range after a weak break abive the main bearish trendline. Range can be good, because usually is an accumulation zone. We just need to wait for a break above this range to see a pump till the local top that is the first resistance zone
It's time to review which altcoins showed sign s of strength during the recent new Bitcoin All Time High (ATH) ... and which showed no strength.
Together with the failed breakout we observe on Algorand, THESE altcoins didn't fare much better. There are a few more, but let's focus on these alts for today:
What we're comparing this chart to, is the obvious...
🔍Let's dive into today's market analysis. Compared to yesterday, the market hasn't made any significant moves, prompting us to zoom in on the daily timeframe for a broader perspective. Today, our focus is on ALGO coin, presenting intriguing opportunities for both short and long positions. Let's dissect the price action to identify optimal entry points for futures...
