Algoland long scalpIt seems that the resistance has been broken we can take profit on the price of 0.22
Trade ideas
Algorand: Potential Bullish Bat at 61.8% RetraceAlgorand has just hit the lows pretty hard and is now trading at the Lo-AWR and looks to be exiting the local consolidation trend at the lows soon. At the sametime we have a SMall Local Bullish Bat whos PCZ lands at the 61.8% retrace from the swing low to swing high. This particular Bat here is not the most grounded bat but i think it's worth considering and will be targeting the highend of the range.
Algorand shortAlgorand bounced off the resistance level. Asset broke trough off the ascending trendline. Bearish movement to support level at 0.205 is possible.
ALGO looks to be setting up for another breakout!ALGO has been on a pretty good run for the past week or so, and it looks like it may be setting up for the next leg up. If ALGO breaks the .238 level we could see a pretty good run over the next few days.
Algorand $ALGO - $0.30 Incoming?Stochastic RSI looks cooked on this daily chart but money flow and price continue to move up. Could we see 30 cent $ALGO soon?
ALGOUSDT...Fake or Break?BINANCE:ALGOUSDT
#ALGO....just look at the chart, what do you see?
it's movin up, made a fake breakout, retraced, and now trying another shot?
is it fake or break?
LOOK AT THE CHART!!!!!
#STOP_BEING_POOR
ALGO/USDT long my entry position Entry : 0.32-0.33
T1: 0.3490
T2: 0.3578
T: 0.3786
Stop loss : 0.324
ALGO Waiting ✋for complete pattern ☕🖐☕Hi dear traders
As you saw in previous analysis we take profit 📈full target ✅
After climbing 19.54%, the price is now correcting.
If it stays above 0.1717, it will correct around 9.63%.
Now it's seems Cup and Handel forming.
The cup pattern is formed and we are waiting for the formation of the handle.
If the pattern is confirmed, the price can climb up to the resistance area of 0.2126.
We have to wait for the market's reaction.
If BTC rises, altcoins will also start to rise.
ALGO is unpredictable, but we can take a good swing and earn profit in both the bearish and bullish cases.
Waiting for breakout and pullback completed for long position.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Algorand shortAlgorand broke trough off the lower boundary of ascending channel. Bearish movement to support level at 0.1815 is expected to happen.
Algorand (ALGO) to $2On the above 5-day chart price action has corrected over 90% since the beautiful sell signal (not shown) on September 2021 @ $2.40. Now is an excellent long moment. Why?
1) A strong buy signal (not shown).
2) Price action is printing as support on past resistance, look left.
3) Regular bullish divergence. Lots of it. Do not ignore.
4) Dragonfly DOJI candle.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: 10x
ALGO/USDT breaking out!ALGORAND is currently busy to break the bullish pennant structure. after a breakout we can take profit at the 3 boxes I have drawn in
ALGOUSDT - Long by Supertrend, ADX & MA 1/10/20231. ADX INDICATOR: 1h & 4h timeframe have a strong strength for open trade.
- ADX smoothing: 14.
- DI length: 14.
- ADX STRONG > 25.
2. SUPERTREND INDICATOR:
- Long trend when closes candle is above the green line.
3. MOVING AVERAGE INDICATOR:50
- Long trend when closes candle is above MA line.
- BUY/LONG: reject to Supertrend at current timeframe.
Homework ALGO STRATAneed to work more on it
Market Cap:
875.79 B USD
3.24%
24h Volume:
1.47 T USD
1.84%
BTC Dominance:
37.92%
ALGO HOMEWORk long shortloh pidr nado zanovo
Market Cap:
875.79 B USD
3.24%
24h Volume:
1.47 T USD
1.84%
BTC Dominance:
37.92%
4 level touches. Getting ready to fall!The coin has grown well. The price approaches the local maximum around 0.1956. We see weakness on the part of buyers, large red candles and shadows. I expect a pin of 0.195 and a rebound from that level below. In support, an oblique level with 4 touches has formed, the next approach may be the final one before the breakdown. PoC Volume Level Targets
Algo / usdt ( forming sell setup! ) 😥Algo / usdt , his making sell setup for now , and I think it can be crashed here at least 4% down!
Be careful and don't trade like me with high leverages!
