DAY TRADING 002BYBIT:ALGOUSDT.P
Today I am trading ALGO purely and always on technical analysis. I've said before that I don't care about news and halving's and all this and that I want too day trade on the 15M timeframe forever. fluently. I have a love for trades like these I feel we will respect this new trendline for the upside, I've just picked up a limit order at the bottom here let's see!
trade safe! thanks guys.
ALGOUSDT trade ideas
$ALGO if anyone is interested in longing this can do now with a stop below 200 ema
or wait for a reclaim of range then stop just below that and pump up the leverage
.12/.15% stop at 30X
that's my plan ,
already have a long going from lower but this is greed taking over
$60 million tokens to be bought by some labs in the middle east
corn below 29K will hop off my other long
Points of interest support/resistance.points of interest looking at possible resistance and support on the way up. Based on number of times price has interacted in certain ranges. Likely to move above gaussian channel in the coming weeks, assuming the market has bottomed out and looking at trends in price in other cryptos.
Worst case scenarios for ALGOCrypto is crypto. An OG crypto like ALGO will always have traders trading it. However, an inflationary crypto like Algorand will have to be seen similar to EOS, where a new ATL is common due to increased tokenomics, but same marketcap. Anyways...
Buy 1 : 0.05$
Buy 2: 0.03$
$algo- darkest before dawn n all ..HOLA ,
buddy just went degen on this with leverage
just a head's up imo we deviate below the yellow line take liquidity and then zoom up
IF you are already in a position make sure you add on that div IF we get it otherwise will regret it for a fair bit
at least it'll make a good story !
waiting on btc to make its move above 27600 then you have your confirmation of sorts to long with confidence .
Cheers!
ps:no brainer buy for any shitcoins you think will not get delisted
ALGO/USDT Technical Analysis: Bearish OutlookALGO/USDT Technical Analysis: Bearish Outlook
The price of ALGO/USDT is currently trading at $0.113, which is a 97% decline from its all-time high of $3.31. The chart shows a clear bearish trend, with the price breaking down from the $1.33 level of the rising wedge. The price is now almost 90% down from the breakout level.
The price is also trading in a falling wedge, and it has recently been hit hard by the news that the SEC is suing Ripple Labs. As a result, the price has declined by 40% in the past week.
The overall outlook for ALGO/USDT is bearish. The price is likely to continue to decline and test the $0.05 level. This level could be a good accumulation zone, and a bottom could be formed here. Once the bottom is formed, the price could start a new bull run.
The next bull run target for ALGO/USDT could be $1-$2. However, it is important to note that this is just a technical analysis, and the actual price movement could be different. It is always advisable to do your own research before investing in any cryptocurrency.
Key Levels
Support: $0.05
Resistance: $0.155, $0.28, $0.77, $1.75
Disclaimer
This is not financial advice. The author is not a financial advisor and does not provide financial advice. The author is simply sharing their technical analysis of ALGO/USDT. It is important to do your own research before investing in any cryptocurrency.
ALGOUSDT (1H) - Bullish reversalHi Traders
ALGOUSDT (1H Timeframe)
Waiting for the upward break of 0.1128 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.1069 would cancel the bullish scenario.
Trade details
Entry: 0.1128
Stop loss: 0.1069
Take profit 1: 0.1165
Take profit 2: 0.1225
Score: 6
Strategy: Bullish reversal
ALGOUSDT is testing the 4h resistanceALGOUSDT is inside an observable ascending channel formation with the price action moving within this channel below the 4-hour resistance level.
An ascending channel is a bullish chart pattern characterized by the formation of two parallel trendlines, where the lower trendline acts as a support level, and the upper trendline serves as a resistance level. This pattern suggests a gradual and sustained uptrend, as the price tends to make higher highs and higher lows within the channel.
Traders following Plancton's rules, a set of guidelines for technical analysis, would closely monitor the ascending channel's support level. If the price were to break below the lower trendline and lose the support of the ascending channel, it could signal a potential trend reversal or a short-term correction.
In such a scenario, adhering to Plancton's rules, traders may consider initiating new short positions. Shorting involves selling an asset in the hopes of buying it back at a lower price, thereby profiting from a decline in value.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
ALGOUSDT 💥 ALL TIME LOW coming through soonIt's been on a strong downtrend even after the BTC mini bullish trend, it didn't reverse a flick. Per Ichimoku analysis this is going to the all time low at about 0.11 - 0.09 So brace yourselves!!
Then we can think of buying if there's any demand at all.
Happy Trading!
Kina 💥
ALGOUSDT is moving in a descending channelHello everyone. I found an interesting and beautiful graph for the ALGOUSDT coin. The coin has been in the channel for about a month and clearly fights off its borders. After yesterday's red day, we should expect a respite and a small hike up all the coins. ALGOUSDT has a great option to go long to the upper limit of 0.15.
ALGUSD Buy TF M30 TP = 0.1444On the 30 minute chart the trend started on June 5 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.1444
But do not forget about SL = 0.1296
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
