ALGO LOOKS BULLISH (1D)Hi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ALGO symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ALGOUSDT.P trade ideas
ALGOUSDT ALMOST THERE?I am looking for a sweep below the current liquidity zone down into the OB. Since we have have sweeped the current liquidity zone for the past couple of days, this indicates that the recent order block will provide significant support and enable us to gather momentum and push up to the upper previous inefficient liquidity zones, resulting in some nice gains.
ALGO Possible Daily Movement 😎♻️😎♻️😎Hi dear traders
ALGO managed to break its price floor in the Binance exchange. By collecting liquidity in this area, we expect to move upwards.
The most important price target is to reach the weekly OB around the price of 0.6$.
Let's see what happens
All targets specified
This is not financial advice ( DYOR )
Good luck
🚨 Trade Update: ALGO/USDT (3-5x)🚨 Trade Update: ALGO/USDT (3-5x)
📈 Long Entry: 0.1019 - 0.110
OTE (Optimal Trade Entry): 0.1063
SL: 0.0991
B/E Move: When it moves close to TP2
TPs:
Short Term: 0.111 - 0.113 - 0.114 - 0.120 - 0.1248
Mid Term: 0.1278 - 0.1299 - 0.1336 - 0.1368 - 0.1406
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
EDK FORUM TRADING®
ALGOUSDT We are struggling to hold support and are still below the current support line. We have done a full retrace of the most recent pump and failed to move price higher. I suspect we are headed for one final 25% dump before we actually see any real bullish momentum. Many people are starting to load up their bags of crypto thinking the bull market is in. I think those trying to get in early will be surprised as they lose a portion of their liquidity.
ALGOUSDT CONSOLIDATION THEN UP?If we break out and consolidate above the current yellow box, we could see enough strength to climb out of the current slump and hopefully head up and start a new short term cycle. Stochastic and RSI both sitting low on the current time frame. I'm expecting we move up to the next yellow box as indicated by the green arrows. If we maintain consolidation in the upper yellow box, we could see more upside in the future.
#ALGO WEEKLY CHART ANALYSIS#ALGO WEEKLY CHART ANALYSIS
Based on the created divergence and the same wedge pattern formed at the end of a downward movement, the pattern currency is in a low risk range for buying. The following targets will be available for the next six months to two years if there is adequate price support:
0.85$
2.3$
16$
54$
STOP LOSS:
UNDER 0.085
More Downside for ALGOUSDTWe saw the triple top failing to make it past resistance, followed by a savage drop in short term price. Looking at the previous strength areas, I suggest price may move back down to where wave 2 started. Red arrows point toward potential targets. Consider following me if you like my analysis and for more trading analysis.
ALGOUSDT Short Term Trade IdeasHere we see the strongest short term trading zones highlighted with the green boxes. After seeing my previous analysis play out, we now see price moving slightly above a previous zone of strength. If the current candle closes bullish, we could see a push up to previous short term resistance point/s as indicated by the pink lines.
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.