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Algorand / TetherUS

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ALGOUSDT trade ideas

ALGO MOVING WITHIN ASCENDING CHANNELAfter finding rejection at the last ranges VAL of 0.2928, ALGO has now retraced to 0.2682 which is exactly where the 0.618 fib level form the last high. If you think you've gotten awesome content from my TA, please smash that like (boost) button! It keeps me motivated to continue hitting the charts for y'all!! I'd also love to see requests on any chart you'd like me to look at! So please leave a comment on what Analysis you'd like me to do next! <333333
Long
by marktiu
1
ALGOUSDT wants the Weekly resistance?An ascending channel is a technical chart pattern that occurs when price creates a series of higher highs and higher lows, forming two upward sloping parallel trend lines. In the case of ALGOUSDT, the pair is inside an ascending channel below the weekly key resistance at 0.27$, where the price has bounced several times in the past. The price currently needs to grab liquidity in order to make a new breakout above the resistance, and we are watching this pair in order to apply our strategies. A successful breakout above the resistance could signal a continuation of the uptrend and indicate further price appreciation, so According to Plancton's strategy , we can set a nice order ––––– 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 🦐
by InkyGrip
6
The Ultimate Algorand (ALGO) Analysis - Bottom $0.1618On the 22nd June 2019, Algorand opened at a price of around $3.28 on Coinbase, and slightly higher on Binance. Over the next few months, it dropped to around $0.1648 (maybe $0.1618 on some exchanges) and then $0.097 at the Covid crisis. Before the 2021 bull run, in November, ALGO's Support level was around $0.2247 (Point X of the harmonic) before it began its ascend. In early February of 2021, ALGO topped around $1.8427 (Point A of the harmonic) This increase is by an exact amount of $1.618, the main number in the Fibonacci sequence. Coincidence? I don't think so. After it dropped to Point B of the harmonic, around $0.67, which is a very strong Support/Resistance level. Notice the number - 0.67 is exactly 2/3 of 100. If I multiply 0.6667 by 0.6667 I get 0.44444. 0.6667 - 0.44444 = 0.223, the EXACT NUMBER of Algorand's Support level before the bullrun. OK, now this is getting crazy. Algorand then increased by 161.8% (A-B) to create Point C (around 2.5589). It then dropped to around $1.5144 - the 0.444 support level (which I have marked "S"). (Remember that 0.4444 number from earlier? Yeah.....) The price was then manipulated up to around $2.99-$3. This manipulation point is a whole new conversation involved with even more complex numbers and I think its best we avoid this in this argument, since it doesn't affect this current idea. ANYWAY, if we ignore the manipulation which we usually do in these circumstances and create Point C as our harmonic level, we can see that BC is a +1.618% of AB. Now if we draw a fib between ZERO and A we get 0.618 which is at point B OR if we draw a fib between $0.223 (Start of 2021 bull run) and $1.84 ish (Point A), we get the retracement value around 0.707 which is half of the value of 1.414, and 1.414 is the square root of 2. So AB is (XA x half of the square root of 2) and the next move entails a 1.618 move of that figure. Crazy maths... Anyway, In a standard AB=CD HARMONIC PATTERN, we have 3 different variations, AB=CD, AB=CDx1.272 or AB=CDx1.618. The most common one is 1.272, which is the square root of 1.618. Now what happens if we measure BC x 1.272? The answer is a price of ALGO of $0.1618. As soon as I saw that it hit me. That's the bottom. $0.1618, the Fibonacci golden number will likely be the bottom of Algorand in this cycle. So what is the profit target? So I checked a few measurements. I tried CD x 1.618 (if we hypothetically say that $0.1618 is the bottom of Algorand this cycle) and that gave me a figure of around $4.03. I also did (All Time High minus All Time Low) x 1.272 (the square root of 1.618) and that gave me a similar figure of around $4.03. OH ALSO, one last thing... Algorand is currently in a Bear Flag, the target is around $0.223-0.226 to Buy the bounce. It will go lower around Christmas time, but if you look at the 1.414 level (square root of 2) of the Bear Flag, it also reaches the same point around $0.1618!
by reiiss7
6
ALGOUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for ALGOUSDT In the current chart, R2 on the top is a resistance area which contains the unsuccessful attempts of price to rise. R1 used to be a support area. And S1 is our support area and obviously it shows the support of price at different points. Hence, the price was able to have a noticeable rise and now it is on the fall to S1. We will predict it to continue its decline and there by providing us some rising signs, an increase for the price to touch higher amounts is expected surely. Or even by receiving some confirmation candles for the purpose of a decline, more fall would take place for the price downward. If you are in favor of experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates; so follow us all the time. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
6
ALGOUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for ALGOUSDT In the current chart, R2 on the top is a resistance area which contains the unsuccessful attempts of price to rise. R1 used to be a support area. And S1 is our support area and obviously it shows the support of price at different points. At the present, the price was able to have a noticeable rise and could break S1 upward and now it is fluctuating below R1 area. We will predict it to continue its decline toward S1 and there by providing us some rising signs, an increase for the price to touch higher amounts is expected. Or even by receiving some confirmation candles for the purpose of a decline, more fall would take place for the price downward. If you are in favor of experiencing profitable trades and wise actions in your analyses, we have several points and tips in our updates; so follow us all the time. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
6