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Algorand

Algorand (ALGO) - July 31Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether it can find support and move higher near 0.3319. (1D chart) Primary resistance: 0.3872-0.4478 Secondary resistance: 0.5993-0.6704 Support: 0.3099-0.3319 If it finds support above the HA-High indicator of 0.3414, I would expect it to move higher. A break below 0.3099 to find resistance is expected to lead to further declines. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Algorand (ALGO) - July 19Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) It is expected that an upward trend will occur when it breaks above the 0.4253-0.6132 section. (1D chart) Primary resistance: 0.3689-0.3872 Secondary resistance: 0.4253 Support: 0.3091-0.3310 The key is whether we can break through the 0.3689-0.3872 section, which is the primary resistance section, upwards. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
ALGORAND - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Left Chart ALGO is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes. H4: Right Chart ALGO formed a valid channel in red but it is not ready to go yet. For the bulls to take over, we need a break above the previous high. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, ALGO can still trade lower inside the blue support zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
13
ALGORAND or ALGO-RUN ?Not looking great at the moment as the market is taking a huge beating. Good news here is the massive Resistance at 0.3173 It allows us to look for short entries. Remember: you shouldn't be trading if the chart makes no sense. This is a 4h chart but the levels are drawn carefully from 'far far away'..they are strong Support turns resistance and vice versa. We give you the best levels, it's up to you how to use them right (or how to use them at all). DYOR, maybe trading is not for you. One Love, the FXPROFESSOR
Short
by FX_Professor
4
Algorand (ALGO) - June 30hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) Below 0.5021 is likely to be a mid- to long-term investment area. (1D chart) Below 0.3310, it is likely to enter the long-term investment realm. So, the key is whether it can move higher than 0.3091-0.3310. Rather than rising immediately, it is likely to rise after it leads to a further decline. As I said in the explanation of the BTC chart, I think that it is more likely to rise faster if it moves sideways while showing a large fluctuation. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Algorand (ALGO) - June 16hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The 0.5021-0.6132 section or less is likely to be a mid- to long-term investment area. Therefore, the key is whether it can move higher than the 0.5021-0.6132 section. (1D chart) An important volume profile section is formed around 0.3091. Therefore, if it falls below 0.3091, there is a possibility of entering the long-term investment area, so careful trading is required. Looking at the overall picture, the volume proifle section is formed over the section 0.3091-0.6132. Therefore, it needs to move above 0.6132 to continue the uptrend. Once you see support at 0.3310, you can make an aggressive buy with a small amount. This aggressive buy can be used as a way to increase the number of coins for profit by making short-term trades. A full-fledged buy is possible when we see support in the 0.5021-0.6132 section and rise above 0.6132. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1