ALGO Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 0.2023. Remember stop loss is your friend. Everything is on the chart.
Entry 0.2023
S.L 0.1568
T.P 1 0.2650
T.P 2 0.3112
T.P 3 0.3749
T.P 4 0.4438
🔍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...
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...
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...
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.
#ALGO
The price is moving in a bearish channel pattern on the 4-hour frame and sticking to it well
The price rebounded well from the lower border of the channel at the green support level of 0.160
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break...
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.
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.
Hi dear traders. Following breakout pattern of algo/usdt and reaction (retest )to daily order block on price of 0.17 $ we have a 178% profit on algo .
Because:
This is best point to entry after expansion (from 0.099 to 0.329)and 50% rateracement (=0.17$) and reaction to the daily +OB and move up fast .
Good luck dears. Always be profitable 📈 ❤️
Dollars 💸 💵 💲 ...
Trade setup : Trends are mixed to down. Following a failed breakout, price is back to trading within a Channel Down pattern. We wait for a breakout from the pattern and back above that 200-day MA to signal trend reversal to Uptrend again.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to...
📊Analysis by AhmadArz:
🔍Entry: 0.1784
🛑Stop Loss: 0.1557
🎯Take Profit: 0.2107 -0.2441 -0.2856
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# ALGO time 1W currency analysis
In the weekly time, the price has reacted well to the most important level of its demand, and we can expect a good long-term growth in the price area of $0.14, and there is a possibility that the price will reach the specified goals.
Algorand setup is pretty clear and a continuation of the uptrend is what i expect here. If the support area at $0.19 hold, i think we can run higher and target the resistance area at $0.28
Let's take a look in details globally and locally for BINANCE:ALGOUSDT.P
Why do i think the chart now looks more bullish than bearish! Potential targets for long and continuation!
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in...
On the daily chart for Algorand (ALGO/USDT), ALGO appears to be in a downtrend, as highlighted by the descending trendline. The price has recently faced rejection at this trendline and is currently trading at $0.1994. There is a crucial support level (S1) at $0.1319, which could be an area of interest for buyers.
Resistance levels are established at $0.2846 (R2)...
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Everything on the chart. (update)
Got complicated in wave of (ii), but in midterm nothing has changed from my last idea.
Entry: (im in pos from 0.184)
Targets: 0.34 - 0.46 - ~0.7
after first target reached move ur stop to breakeven
Stop:...
