Hbar hitting support from Nov 2021 Hbar is in a bear flag and hitting resistant trend from bull market.
How can it possibly pass those obstacles?
ALGOBULLUSD trade ideas
ALGUSD - Bullish Butterfly Pattern on 1 hrALGUSD formed a bullish butterfly pattern and the harmonic ratios on pattern are almost very close to the original pattern. Although it came down a little but if it holds the Potential Reversal Zone (PRZ) then this bullish butterfly pattern is intact and if the neckline is broken then the bullish trend will start.
ALGUSD Bullish reversal gartleyALG vs USD is making a bullish reversal Gartley pattern. Long entry can make us profitable
ALGO|USD 4H Trade SetupRound 2 on Algorand
Looking at a solid trade setup on the 4H time frame
Trade:
-SL - Under $0.218
-TP - Green Box
-5/1 Potential
Reason:
-Looks like a pivot point here at support
-RSI moving into bullish control
-MACD getting tighter
-Similar coins have already taken off
AGLOUSDT - Bullish BAT Harmonic Reversal Pattern - Sell StopWe have observed Bullish Harmonic Reversal Pattern and we are taking sell-stop entry if the price breaks down from point B. We will take another entry of buy stop if the trend reverses from point D which is also a Potential reversal Zone (PRZ) after the confirmation of bullish divergence on RSI and new trend formation with HH and HLs .
ALGO|USD on DailyIt's Algorands turn for some time in the sun. Quick little trade set up here, mine is 3/1 with a tight stop at 4% and take profit at 13% in the green box. The RSI is breaking out with increasing volume and we just got above a strong inflection point.
Happy Trading!
Algorand short trade ideaAlgo forming obvious Bearish Flag on 30 min chart. Looking for a price to hit POC. Marked profits target as well and as always wait for the confirmation.
Disclaimer - my first public trading idea any sort of constructive input more then welcome.
Diversions - ALGUSD - Expected Bearish ReversalDiversions - ALGUSD - Possible Uptrend Follows and of Bearish trend
ALGUSD (BEARISH)ALGUSD is still showing a bearish trend, There is no divergence seen using the momentum indicator (RSI). You can take the possible entry at Entry Point at 0.22344907 using fib tool and put a Stop Loss at 0.24372721. Your Take Profit point will be at 0.20317161 and your take profit point 2 will be 0.18286381. Your Risk to Reward ratio is 1:1 at 10k fund number of coins you have to short at this ratio is 4931.4
ALGOUSD-1H - Brea Trend Analysis:
ALGOUSD-1H is currently in a bearish trend. We can enter in a short trade as the chart just printed bearish candle stick pattern. For this trade the stop loss will be at 0.2440 which is the previous lower high level.
------ Trade ------
Chart: ALGOUSD-1H
Type: Short
Entry: 0.2292
Stop Loss: 0.2440
TP1: 0.2144
TP2: 0.1996
AGLUSD - Crypto | Bearish Trend - MARKET EXECUTION ORDER 30 MinsAGLUSD is a Crypto coin showing a Bearish Trend with LLs and LHs . It is expected that this trend will continue further.
We are taking a market execution order because it has formed 3 black crows candles which shows a strong confirmation of bearish continuity.
algorandSetting a nice triangle patter. Given how strong crypto space is, momentum squeeze to continue
$ALGO - Weekly Analysis 2.18.23Good day, everyone.
I hope you are doing well. It appears that $ALGO is still respecting the trendline and looking relatively strong. The relative strength index for the week thus far is 46.09 as pf today. Support is at $0.25 and the line of resistance is at $0.28. Last week, $ALGO did break resistance of $0.28, but it came back down.
Let's hope for a great week for Alogrand as well as for your financial trades.
This is not financial advice and please do your research. :)
Algo with perfect retest of green channel tl as supportPerfect support retest of the bottom trendline of the green horizontals channel. In reaching there price also broke above the purple falling wedge…we can also see now that price is testing the turquoise neckline of an inverse head and shoulders as well. I have put the inverse head and shoulder target and the falling wedge targets on the chart for now. Will add the channel breakout target if/when we get closer to its top trendline. *not financial advice*
$ALGO Weekly ChartGood day, everyone.
I hope you are doing well. Algorand has been moving up weekly since December 26, 2022. I believe resistance will be tested at $0.28 this week if the trend continues. I would like to see the resistance become support and begin its battle at $0.31. Let's hope for the best!
Also, my analysis is not financial advise. Please do your own research.
I'll update this weekly chart next week. Cheers!
Humans love patterns.Looking at the history of ALGO, I feel we are in a growth phase.
Patterns are human nature.
Good health, wealth and family to all!
$ALGO with trend line and Fib Retracement AnalysisGood day, everyone. I hope everyone is having a relaxing day.
$ALGO seems to be doing very well since December 28 on the daily. According to the Fibonacci Retreacemnent, Algorand bottomed out at $0.16 after a big red candle on November 20, 2022 when it reached $0.2991.
I expect Algorand to continue it's upward trend. I am hopeful that the $0.269 resistance will be broken and be considered support. After that, the next target will be at $0.2986 which is the next level of resistance.
If $0.2986 resistance is broken, expect $0.38 to be the new target of resistance as $0.29 will be support.
Add as of 3:15PM EST -- Relative Strength Index is just above 69 (nice). It is very close into being the overbought region of 70.
Please do your own research. I am not offering financial advice! Trade responsibly folks!
Drawing supply and demand areas and possible scenarioDrawing supply and demand areas and possible scenario
Watch these two targets better late than too earlyTwo white circles on this chart is what i will be watching next two months and next year after the Bitcoin halving.
I would rather wait to buy algo honestly. If it breaks into the purple i will see it as support and start buying.
If i am correct and the channel completes to the bottom i will have no regret in waiting.
FOMO is a weakness and we have to be smart for the long term money flow into the markets.
Well this is just my idea and it is not confirmed yet. There is no wrong trade decision here after the 95% drop so buying
isn't out of the question but i would rather wait to see what happens. If there is still a 50% chance to buy more with less invested then
it is worth the wait in my opinion. Day trades move in and out so it really has no effect on them.
Good luck to us in the new market coming. I will not be posting anything else for months so happy trading.
ALGO - Fib Time & Space Predictions using the Power of PyramidsALGO - Fib Time & Space Predictions using the Power of Pyramids
the length of each segment of the blue rektangles is equal to the time price spent inside of the price range of the pyramid (diamond)
so using pyramids give us knowledge about time AND space
that lower triangle caught my eye a while back and i had to leave it on there
interestingly it lines up well with the fib spiral
the angle of the center line of the pyramid tells us about the ratio of the blue rektangles
the golden ratio
and eureka!
the yellow lines are the fib time tool
the coordinates being the time price spent in the range of the pyramid
exactly matching my blue rektangles
Let's watch how this goes
