ALGO LOOKS BEARISHOn the chart, it seems that a bearish triangle is being completed. We are approaching the end of this triangle.
The expectation is to have a pullback to the red range and then move down.
I specified the targets on the chart. Closing a daily candle above the red range will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ALGOBTC
ALGO is near the support rangeIn higher time frames we see a strong bullish trend.
Now the price is slowly approaching the POI range. This range initiated the move that caused the previous ceiling BOS, so it is important to us.
By maintaining the green range, it can collect the liquidity pool that I specified above with the $$$ sign.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ALGO BULLS REINSTATES PRESSUREHello Traders, I think Algorand overall Movement is to the 0.220 region. we should watch this bullish movement closely as this is going yo take a while to fulfil.
This is the full analysis for this pair, let me know in the comment section below if you have any questions and suggestions. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please adhere to good risk management. Also like, follow and cheer, thank you....
The key is whether it can rise above 0.1409-0.1718Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(ALGOUSDT chart)
The key is whether the price can be maintained above 0.1093 and rise above 0.1718.
(1W chart)
In order to escape from the bottom section, the price must rise above 0.1718 and maintain the price.
However, to escape the true bottom zone, it must rise above 0.4253.
Only then is it expected to turn into an upward trend and rise.
(1D chart)
Therefore, the key is whether the price can be maintained by receiving support around 0.1214 and rising above 0.1409.
If the price maintains by rising above 0.1409, it appears likely that it will rise quickly to around 0.2462.
Otherwise, if it falls below 0.1214 and is resisted, there is a possibility that it may fall to around 0.0954, so you need to think about a response plan.
Since a volume profile section has been formed around 0.3091, it is expected that a sharp rise will occur only when it breaks upward around this area.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
ALGO can drop moreIt looks like a diametric finished. After this bullish diametric I expect another bearish pattern to complete to the downside. You can look for sell/short transactions in the red box.
I specified the invalidation level, closing one 4-candles above this level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
The key is whether it can rise above 0.1098Hello?
Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(ALGOUSDT chart)
(1M charts)
The key is whether the price can be maintained by rising above 0.1098.
(1W chart)
Since the volume profile section spans 0.1881-0.4253, the key is whether it can rise beyond this section.
(1D chart)
A volume profile section is formed at 0.3091.
As it falls below the 0.0924-0.1039 range, the possibility of further decline is increasing.
Accordingly, the key is whether it can rise to the 0.0924-0.1039 range.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
$ALGO 3day Bullish!The PCT Rank topsbottoms indicator has turned dark green, light green to white which tells that the momentum has turned to the upside.
On the 9th July support was created
The stochastic RSI Although high is forming pattern of upward direction.
The MFI/RSI has been oversold since the 14th of March. watch for it to get out of that area.
how much Algo do you have? Probably not enough!
ALGO LOOKS BULLISH (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ALGO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Algorand (ALGO) formed bullish Shark for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO).
Our last successful trade of ALGO was as below:
Now on a 4-hr time frame with Bitcoin pair, ALGO has formed a bullish Shark move, at the moment after the completion of final leg the priceline is slightly moved up, therefore, we can wait for some correction.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Algorand - A long term opportunity? Algorand - A long term opportunity?
- Oversold RSI on both BTC and USD pair
- Clear bounces off lower channels
- 96%+ correction to date on USD pair and 93%
correction on BTC pair
A long term 18 - 24 month position could be considered here, I'm not recommending it but the chart looks like its getting exhaustive. I'm stacking sats but might try for a small 1% trade bounce here or a re-bounce off channel lows.
Please ensure you review my Total 2 and Total 3 Altcoins outlook charts in prior tweets and posts which project that a secular shift to a bull market will be more probable between Dec 2023 - March 2024. A much improved outcome would be probable around this date forward.
ALGO/BTC - Algorand: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the SIX:ALGO / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00000622 | 0.00000639 | 0.00000677, and the major support zones can be found at 0.00000584 | 0.00000563 | 0.00000525. Consider entering at the current price zone of 0.00000623 and targeting higher levels.
◰◲ General info :
▣ Name: Algorand
▣ Rank: 42
▣ Exchanges: Binance, Kucoin, Huobipro, Bittrex, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Unlike other PoS models, PPoS does not reward, nor does it put validator or user funds at risk of being slashed (a loss of funds used to promote honest node and user behavior). Algorand intends to eventually leverage its PPoS design to form the foundation for an on-chain governance system.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000623 ₿
▣ 24HVol: 14.526 ₿
▣ 24H Chng: 2.467%
▣ 7-Days Chng: 2.40%
▣ 1-Month Chng: -27.91%
▣ 3-Months Chng: -37.87%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000622 | 0.00000639 | 0.00000677
◢ Support: 0.00000584 | 0.00000563 | 0.00000525
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -6.44
▣ Last 90D: -1.69
▣ Last 1-Y: -0.75
▣ Last 3-Y: 0.51
◲◰ Volatility :
▣ Last 30D: 0.55
▣ Last 90D: 0.75
▣ Last 1-Y: 0.87
▣ Last 3-Y: 1.20
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.60 - Bullish
▣ Reddit sentiment score is 0.59 - Bullish
▣ In-depth ALGOBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
Algorand at an important junctureMoment of truth for Algorand. Will it close above its recently re-gained trend line this week and this month? Above .30 with some sideways action would be ideal. Because if it does, it will have quite the bull run. If not, it may need to re-visit 14c and that would delay the structure. But so far so good!
Cheers!
HBARBTC, bullish? or fake again!Look Who It Is!
Friends always ask me: Danial, why do you choose a weekly time frame in your analysis? I say it's correctness for the trend analysis.
After all, In this job, Nothing is certain.
As you can see on the indicator, the price passes the trendline and back again below the trend. (fake out is shown by a blue circle).
Besides, a divergence shows up on the daily and weekly timeframe.
In my analysis, the price will range in the green zone for a few days or go down straight and touch the red line. (I'm bullish on Algo but at BTC pair).
Please like and remark it makes progress in my work and prepares faultless analyses for your dear ones.
BINANCE:ALGOUSDT
BINANCE:BTCUSDT
ALGO/BTC - Algorand: Falling_Wedge◳◱ We've detected a Falling Wedge pattern on the $ALGO / $BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.00000826 | 0.000009 | 0.00001016 and the major support zones are respectively at 0.0000071 | 0.00000668 | 0.00000552, We may consider buying at the current price zone at 0.00000738 and targetting higher levels.
◰◲ General info :
▣ Name: Algorand
▣ Rank: 39
▣ Exchanges: Binance, Kucoin, Huobipro, Bittrex, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Unlike other PoS models, PPoS does not reward, nor does it put validator or user funds at risk of being slashed (a loss of funds used to promote honest node and user behavior). Algorand intends to eventually leverage its PPoS design to form the foundation for an on-chain governance system.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000738 ₿
▣ 24HVol: 18.171 ₿
▣ 24H Chng: -0.135%
▣ 7-Days Chng: -10.79%
▣ 1-Month Chng: -21.83%
▣ 3-Months Chng: 19.53%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000826 | 0.000009 | 0.00001016
◢ Support: 0.0000071 | 0.00000668 | 0.00000552
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: -2.72
▣ Last 90D: 1.30
▣ Last 1-Y: -1.08
▣ Last 3-Y: 0.65
◲◰ Volatility :
▣ Last 30D: 0.81
▣ Last 90D: 0.79
▣ Last 1-Y: 0.95
▣ Last 3-Y: 1.20
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.60 - Bullish
▣ Reddit sentiment score is 0.59 - Bullish
▣ In-depth ALGOBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
Algorand (ALGO) formed bullish Butterfly for upto 43.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO) with BTC pair.
Our last successful trade of ALGO was as below:
Now on a daily time frame, ALGO has formed a bullish Butterfly move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
To turn into an uptrendHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(ALGOBTC 1W chart)
There is no power of ascension itself.
So, after March 13th, we need to see if it can rise above the downtrend line and rise above 0.0000 1448.
In order to dissipate the rising power, it must rise above 0.0000 1970 ~ 0.0000 2886.
Therefore, it is expected that the price should be maintained above 0.0000 1448 to start gaining momentum.
-------------------------------------------------- --
(ALGOUSDT 1D chart)
It is showing a move to break out of the mid- to long-term downtrend.
However, in order to turn into an uptrend, the price must be maintained above 0.3091-0.3557.
If it fails to do so and falls below the downtrend line, be cautious as there is a possibility of renewing lows.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
---------------------------------