Short the ALGOHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we are selling Algo because of a strong reversal pattern.
Algo SHort Now @ 0.2223
Stoploss 0.2275(-2.3%)
Target 1, 0.2157(+2.9%)
Final Target 0.2107(+5.17%)
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ALGOUSDT trade ideas
Trade Alert(s) - Take ProfitTraders,
Unfortunately, I am too uncertain about how altcoins will respond when Bitcoin pulls back to tolerate this level of risk on the table. So, I have chosen to take profits on two coins coming up into resistance here: ALGO and DOGE. I will re-evaluate a decent re-entry area once I know this resistance is or will be defeated.
Stew
A Simple Quick Trade to 2x Profit on ALGO USDTDear Tradingview family,
Symbol: #ALGO_USDT
Strategy: #Trend_TRADING #Trendline #Support_Resistance
Indicators: #Price_Action. #Chart_patterns #Trendline #Support_Resistance
Anchor Time: 1 Hours
Trading Time Frame: 15 Mins
Trade Call Type: #LONG.
Order Type: BUY LIMIT
Entry: BUY when Price test the trendline.
Entry price: 0.2180
Take Profit: 0.2210
Stop Loss: 0.2270
RRR- 1:2
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
ALGOUSD: Potentially Reversing Bullishly From Multi-Year-LowsAlgorand is currently sitting at 3 Year lows which happen to align with the log scale 78.6% Fibonacci Retrace and has with the assist of some Bullish Divergence, Bounced back above the Descending Trendline.
If we get the ideal performance from this price action, we could see ALGO eventually make its way to 78.6% retrace above at around $1.5 or even higher.
ALGO/USDT looking bullish to us Hey guys 👋
Let's keep it simple here. Resistance is up which is is on the way for bulls. We see a good chance for a breakout to happen here so keeping an eye 👀
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
ALGO Idea for an upward rally...Hi traders...
As you can see in the chart, over the past 2 weeks, price increases has happened in alternating time patterns that include Fibonacci time zones.
The next iteration has the power to push the price towards the daily pivot and I expect to see the price rally in the next 48 hours.
BINANCE:ALGOUSDT COINBASE:ALGOUSD
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed.
Algousdt | Getting Ready Algousdt
Getting Attention of Buyers, Big traders are showing interest in Algo
Hope to see a breakout very soon.
Wait for Breakout Incase Of Breakout Expecting Massive Bullish Move.
Remember: We only give ldea's from our
experience and knowledge, it does not
mean that it will be 100% correct, the
market is always unpredictable, anything
can happen anytime.
Always trade with your own research and
knowledge. If You Are Satisfied With Our
Work Then Join
$Algo Prediction. Long term outlook! Short & long term potentialHello Traders,
I have been observing algorland quite sometime by now. Real solid foundation and they are putting out solid work over the years. It's chart seems like primed for action now! Currently holding at $0.22 level. If it can break out of the triangle , I am expecting swift reaction. Btc seems quite stable and some traders rightfully expecting some correction anytime by now. And yes it may correct now or it may correct or somewhere 30k-40k range. We don't know! What we do know is ALGO will make it's move sooner than later. I am personally expecting 50%-400% action mid-term! Do some reading about it!
Algo Breakout has occurred. What am I waiting for?Traders,
Algo has broken the triangle definitively. But I hesitate to enter for several reasons:
1. That 50 day coming down hard
2. Still not above .227 cents level
3. Need at least one confirmation candle on the daily above .227 and preferably above the 50 day ma.
4. Still expect BTC to draw back more.
5. Headed OOO for the next week and a half and I don't want to be tracking trades during this period if I don't have to.
I wouldn't blame anyone who follows me to want to enter here. I am just not. Yet.
Stew
ALGO: The Long Term Bet I Would Love to MakeBy the time of writing, ALGO has already down 95% from its ATH in 2019. Meaning, if we buy now, and it goes back to ATH, we can profit up to 20x our investment. A very good deal, don't you think?
In addition, Algo is now sitting at a multi-year weekly support.
Even if Algo does not manage to reach its ATH, but only to let's say its weekly resistance, the potential profit is already 500%. I really think that this is a very good deal, personally.
For better confirmation, we can wait for these indicator/condition to be fulfilled:
- Break of the white trendline
- Break of 21 EMA
and/or surge in buying volume
ALGO/USDT Back To The ResistanceHey, guys ✌️
Let's take a look at ALGO coin here on 4hr chart, where we see the attempt of breakout (which seems weak to us for now). Yesterday we had a nice breakdown from this support (blue zone) but right after that the price went back for a re-test which is still going on. We are waiting for some clarity here on this one where we need to wait out for price to reach one of our zones (either upper buy zone or lower sell zone). Waiting and watching closely
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
ALGOUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 0.3 - 0.36 - 0.44
after first target reached move ur stop to breakeven
Stop: ~0.18 (depending of ur risk). ALWAYS follow ur RM.
RR: 1 to 5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
ALGOUSDT is testing the PennantALGOUSDT is currently testing the dynamic support level within a pennant pattern.
A pennant is a technical analysis pattern that forms when there is a period of consolidation following a sharp move up or down in price. It is characterized by two converging trendlines that form a triangular shape, with decreasing volume during the consolidation phase. The pattern indicates a period of uncertainty in the market, and traders will typically look for a breakout above or below the pennant to indicate the direction of the next major price move.
In this case, ALGOUSDT has bounced exactly on the daily supply zone at the 0.185$ area, indicating strong support at this level. However, there is a possibility that the market may create a new bearish impulse, potentially leading to a downward trend that could bring the price down to the 0.1650$ level.
If the price of ALGOUSDT breaks out above the 0.19$ area, according to Plancton's rules, it may be advisable to take a short position.
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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 🦐
ALGO/USDT possible ways to moveHey, traders ✌️
Getting slowly back for upcoming week so, let's start with ALGO coin here. Currently forming a nice triangle formation here we see a great possibility for this coin to show some major movement soon, where price will try to move outside that formation. Watching closely this one!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team 🔱
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
