Logarithm. Time frame 3 days. Linear price graph for clarity of this beauty. The entire secondary trend is a falling wedge , a decline in price from the highs to date for 718 days (24 months, or almost 2 years). Volatility has decreased to a minimum, the price is conditionally squeezed, in the near future there may be an excess of supply/demand and a...
#ALGO The price moves in an inverted head and shoulders pattern The right shoulder is now complete Wall is expected for the upper border of the shoulder We have a higher stability moving average of 100 We have bullish momentum on the RSI and an uptrend We have a current breakout of the channel to the upside Entry price is 0.2500 The first target is 0.3000 The...
Very similar to Chainlink (although major ALTS are correlating very well now)but I believe more on total fall for deeper retracement for a primary degree wave 2 for BINANCE:ALGOUSDT than BINANCE:LINKUSDT (see link chart below). OTHER ANALYSIS
shouldn't chase but can still have decent gains RETEST seems to be happening
15x leverage Trailing sl TP 1 take 50% move stop to break even, rinse n repeat
Traders, get ready for a potential game-changer with ALGOUSDT! 🚀💰 🔍 Strong Support Zone: We're eyeing a robust support zone where buyers are showing a strong reaction. It's highly probable that they'll step in again. Remember the last time? It sparked some impressive movement! 💡 Trade Strategy: With the potential for a 1 to 10 trade, this setup could be a golden...
Trade setup : Price remains in an Uptrend. After making another Higher High (~$33), which is a sign of Uptrend, price is consolidating in Descending Triangle pattern. The pattern is coming to a pinnacle, which means price is about to breakout. We wait for a breakout that would signal the end of consolidation and a resumption of uptrend. Bullish breakout could...
ALGO is recovering from crash and looking for push it upward. Can see major resistance in the upward direction and it has also broken the trend line and can expect another LL. ALgo is in search of LH and it could move upward till 0.20 to 0.21 range. If it breaks the structure than we can see the upward rally but I am expecting another LL.
Weekly 21 & 54 about to have cross n test also liquidity grab and daily rsi 40ISH to be established as a support, If not, hold on to nothing
BINANCE:ALGOUSDT (1D CHART) Technical Analysis Update ALGO is currently trading at $0.2276 and currently in consolidation phase. Price has formed a nice triangle pattern. If the price breaks out from the resistance line then we have a good opportunity for long trade. If the price breaks down then the next support is around 0.15 Entry level: $ 0.24 Stop Loss...
💎 Paradisers, let’s delve into the intriguing movement of #ALGOUSDT. Currently, it’s retracing and meticulously retesting a critical support level at $0.2162. This level holds immense importance, and its ability to transition from a retest to a firm support could be a bullish signal. 💎 After successfully breaking out of a descending channel, the price of #ALGO is...
Trade setup : Price remains in an Uptrend. We would be buyers on pullbacks near $0.25 support area, which is also near its up trendline, and could be an attractive swing entry in Uptrend, with +20% upside potential $0.30 near-term. Stop Loss (SL) level at $0.215. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is...
Forming a higher high from weekly time frame indicates a reversal in algorand pattern In 4h there is a clear channel now facing a horizontal support which is around the last high I expect a rebound from this bottom az soon az the trend line breaks
ALGOUSDT-4H - Support & Resistance analysis 3 support and 3 resistance
The price forms a head and shoulder pattern, signaling a good opportunity to take a short position. Once the price reaches my take profit level or I secure a partial profit, I will then enter a long position from that final take profit zone.
Im a little late on this juan but ALGO has confirmed support along with many other alts. With quite a few now breaking out of these consolidation phases, I am expecting the same here.
ALGOUSDT Implementing Dow Theory 4 hours candle analysis #dowtheory #algousdt #cryptoanalysis
ALGOUSDT is in downtrend but look like the bullhave started to gain strenght. A bullish divergence is formed when the prices were forming LL the RSI momentum indicator have shown series of HL. Current steup to go short is available at 0.38 fib retracement.