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.
💎 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...
ALGOUSDT Implementing Dow Theory 4 hours candle analysis #dowtheory #algousdt #cryptoanalysis
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...
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.
The price is being rejected at the 1-hour support level, which may result in a gradual price increase from this point.
ALGOUSDT is bullish trend, price is showing action at 78.6 Fib retracement level and there is bullish diversion on RSI at HTF.
Wake up Grab a brush and put a little makeup Hide your scars to fade away the shakeup Why'd you leave the keys upon the table?
ALGOUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?
This is merely a prediction for ALGO during this bull run, and I will use Dollar-Cost Averaging (DCA) between the two red lines. The range is wide, but I am considering the big picture. This may take months to unfold, or it may not occur at all, as every altcoin tends to follow BTC.
This is a weekly technical analysis for educational purposes on ALGOUSDT. I believe that Algo will revisit the same levels and will be widely discussed during the altcoin bull season. I may be wrong. :) Regards,
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 $0.22. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD...
Hello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
The weekly logarithmic chart from Algorand reveals a textbook bullish Inverse Head and Shoulders pattern about to brake the neckline. Worth adding to your watchlist.
Long term projection ALGO/USDT The price action is starting to break above the Simplified Ichimoku Cloud, indicating a potential bullish reversal... The RSI is showing an upward trend crossing above the 50 level, suggesting increasing bullish momentum. Bullish target levels are marked based on Fibonacci retracement levels from the peak of the last Bullish wave to...
RSI is below 40, indicating bearish momentum. However, it is not yet in the oversold territory, suggesting there could be more room for downward movement or consolidation before a potential reversal, MACD line is below the signal line and below zero, which confirms the current bearish sentiment. The On-Balance Volume is relatively flat with a slight downward...
Hello Trader BINANCE:ALGOUSDT.P history chart algo has not been able to break through the new resistance area, pay attention to the green line, for the area is the nearest daily chart support, can be for scalping short for a period of 1-3 days this weekend. take profit 10% stop loss 2.5% Please add a comment and Positive feedback and constructive criticism...