ALGBTC trade ideas
$ALGO, Looking for a retest of the ~4150 sats resistance level$ALGO
Looking for a retest of the ~4150 sats resistance level where it got rejected a few days ago..
UCTS remaining bullish across all timeframes..
If manages to flip that level into support then aim for continuation toward ~4900 or higher targets..
#ALGO
ALGO/BTC (Pullback Ready?)ALGO/BTC
-after some good news about this coin
-the price rallied over 40% high today
-currently, the candle is painting a temporary top
-I have highlighted the chart where potential good pullback entries
-if ALGO will continue higher, watch out this immediate levels
-a break below the 2nd green line will send the price much lower
-target is the swing resistance at 5200 sat
Overbought moments on ALGO/BTCHello, traders.
ALGORAND is showing us that the bullish momentum is close to ending. The indicators showing an overbought on the asset, I am not saying that the price will start to dump, but a correction would be healthy or some accumulation to cool the indicators. We are also next to an important resistance level.
The target is at least the moving average of the Bollinger Bands.
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[$ALGO] Algorand arrive à la première gare !
VERSION FRANCAISE
Bonsoir à tous,
Ce soir je reviens avec un post particulier sur Algorand ( www.algorand.com)
Blockchain Pure Proof of Stake, Algo a su fait des émois lors de son lancement il y a un an.
En juin 2019, les 25 millions de tokens vendus ont été valorisés à 2,40 dollars par unité. Aujourd'hui, le prix est à 0,24$ soit 10 fois moins que le prix de son ICO.
Un projet hollandais qui repose sur un modèle économique transparent et innovant.
Lancé en février 2018 par Silvio Micali, lauréat du prix Turing en 2012 et professeur au MIT. Il est à l’origine du papier fondateur des Zero-Knowledge Proofs publié dans les années 80, technologie utilisée notamment par la blockchain ZCash.
Ici en terme d'analyse technique, par rapport au $BTC, une premiere target a été atteinte avec une hausse de +25% et encore d'autres objectifs encore bien plus ambitieux sont en vue.
Stay Safe , Trade Safe,
PEACE!
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ENGLISH VERSION
Good evening, everyone,
Tonight I come back with a special post on Algorand ( www.algorand.com )
Blockchain Pure Proof of Stake, Algo was a big hit when it was launched a year ago.
In June 2019, the 25 million tokens sold were valued at $2.40 per unit. Today, the price is at $0.24, 10 times less than the price of its ICO.
A Dutch project based on a transparent and innovative business model.
Launched in February 2018 by Silvio Micali, winner of the 2012 Turing Prize and professor at MIT. He is at the origin of the founding paper of the Zero-Knowledge Proofs published in the 1980s, a technology used in particular by the ZCash.
Here on a technical analysis point of view, compared to the $BTC, a first target has been reached with an increase of +25% and even more ambitious goals are in sight.
Stay Safe , Trade Safe,
PEACE!
$ALGO, Sitting over ~2500 sats support level w/ volume $ALGO
Still waiting for this asset to get some love from current Alts party...
Sitting over ~2500 sats support level w/ volume showing increasing levels
UCTS showing a buy signal on the daily...
If gets finally traction, then aiming for ~2900/3200 sats
#ALGO
LONG - ALGO - Trading OpportunityALGOBTC has been inside the daily cloud for quite some time now and it's holding quite well, making a perfect retest of the MA200 and support, the huge volume that has been coming in is a pretty strong indicator of what's to come next, looking at the flat tops of the cloud as target.
Entry: 0.00002941
Target 1: 0.00003573
Target 2: 0.00003749
SL: 0.00002769
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Algorand $ALGO - Swing Trade opportunityAlgorand $ALGO formed a W-formation on the BTC chart and I can see a bullish MFI divergence on the big picture.
Recently Algo broke trough the resistance trend-line (violet line on the chart)!
I am now hoping for a small retracement to catch it somewhere between 2651-2400 sat. There is still big upside potential for the next several weeks/months!
SwingTrade ALGO-BTC:
entry: 0.00002651-0.00002400;
TP1@0.00002998
TP2@0.00003498
TP2@0.00003888 with 3% TTP
SL@0.00002198 (SL timeout 8700 sec)
I´m not a financial adviser. For educational purpose only!
Base Channel Break and Re-test from above.Algo has popped out of it's Base channel and is now re-testing from above. Suitable profit targets for an entry any time now are the shadow-channel boundaries (Blue parallel lines above the channel). One strategy I've been using of late is to sell 50% at the first and a further 25% at the second (if prices makes it).
ALGO short term opportunityPlease feel free to comment or challenge me on my TA. If you like my idea, leave a like to show support.
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ALGO FRACTAL
Signs that have given us hope in the past:
- Golden Cross about to form
- RSI has broken above and below 70
- Run up in price, follow by a retracement towards the 50-MA level
Has lead to +15% gains in the past three months. As of today if price were to rise 16% it would beautifully touch the weekly resistance level.
Keep your eyes out, but wait for the retracement to the 50-MA
*No financial advice
ALGOBTC | Key Level | Trend Reversal | Head and ShouldersTodays Analysis – ALGOBTC – Forming a potential head and shoulders pattern, trading at a key level within a multi-month descending channel.
Points to consider:
- Range Median – key level
- Head and shoulders
- Low volume
- RSI below 50
- Stochastics oversold
ALGOBTC has found support at the range median of its descending channel. Price holding above the area will establish the right shoulder of a potential head and shoulders (H&S). Price breaking and consolidating above channel support will further validate this pattern.
A validated head and shoulders pattern will establish a higher low in the chart, indicative of trend reversal, forming a bullish bias in the market.
Volume is tapering off and remaining below average, an influx is needed price attempts to break channel resistance to avoid any false breaks as seen previously.
The RSI has broken below 50 indicating increasing weakness in the immediate market.
Stochastics are oversold and may remain oversold for some time as seen historically, before momentum shifts to the upside.
Overall, in my opinion, further price development will determine a directional bias. An S/R flip at channel resistance will allow for a long bias and a break below range median, price is likely to test channel support.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
ALGO/BTC - E2E setup with ConfluenceBeautiful setup. Only the Chikou being just over the candles makes it bullish but many other factors to support this trade.
1. We reset the 21EMA
2. We reset the 100EMA
3. Closed above and retested Tenkan, 100, 21 EMAs
Algo on the bottom of the screen showing flat and gnerally this means exhaustion and a likely rise.
Entry: 2500-2230
T1: 2933 - 200EMA/Resistence
T2: 3302
T3. 3576
T4: 3731
Ideally we are going for the E2E to 2933
Trade, Chart, Learn, Repeat
Coach K
You can Expect some profits from Algo BTCthere is bullish div on daily and ALgo is one of the coins which shows the potential of growth. you can open a small position at 0.00002249 with SL 0.00002231 TP at 0.00002286 and we can also see targets up to 0.0002749 but it would be safe to fix partial profits and you can move your Sl with the trade.
