algo /usdt 4hour charts with currrent trendline and support and resistance . here you can take a look and manage your trades. it has a huge potential for spot trades only
not a fianacial advice.
Nowadays as CRYPTO ERA is going on and we all are watching many ALTCOINS skyrocketing for no reason and most of the people out there are watching it and feel like they are missing out on great opportunities and then suddenly come into the picture to capture some quick gains due to FOMO and by the time they come and participate small shakeouts starts happening and...
it may break out . i 4h time frame . macd is bearish but i will soon get bullish . macd is losing it's bearish trend we may pump in algo in upcoming days . #DYOR. this is not financial advice
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.8582).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
-Form a triangle pattern
-Waiting for the confirmation point of Wave-4 between the ratio of 61.8%-78.0% (Fib retracement) 40% probability
-For the target of Wave-5 there is a possibility in several ratios, including 61.8%-78.0%-100.0% (Fib Extension) probability 30-40%
Remember this is just my personal reference image, not a call to buy or financial advice....
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.7078).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ALGOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
ALGORAND Cryptocurrency (ALGOUSDT) for swing - Bullish or Bears?
Hi guys, yet again with a new hyped, crypto altcoin; ALGORAND (ALGOUSDT) with a simple price action and chart pattern analysis.
The negative news has halted the crypto market which has resulted in panic. The sentiment analysis is filled with Fear (33% at the time of posting this video which has...
TREND ANALYSIS & TRADE SETUP !
WAVE ANALYSIS !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for ENTRY CONFIRMATION !
Risk:Reward: 4-5 times.
Algorand in 4H time frame forms a Ascending triangle with respecting the below trend line and has a major resistance near 1.1200. If it breaks its resistance it can give good bullish move till 1.2500
