website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Algorand technical chart
Symbol ALGOUSD
Trade Setup

#ALGOUSDT
Total Profit: 40306 pip (499%)
Closed trade(s): 30254 pip Profit (375%)
Open trade(s): 10052 pip Profit (124%)

Trade Setup:
We opened 8 BUY trade(s) @ 0.8078 based on 'Valley' entry method at 2021.07.23.

Closed Profit:
TP1 @ 0.8500 touched at 2021.07.25 with 422 pip Profit (5%).
TP2 @ 0.9200 touched at 2021.07.26 with 1122 pip Profit (14%).
TP3 @ 1.0600 touched at 2021.08.19 with 2522 pip Profit (31%).
TP4 @ 1.2000 touched at 2021.08.21 with 3922 pip Profit (49%).
TP5 @ 1.3100 touched at 2021.09.05 with 5022 pip Profit (62%).
TP6 @ 1.5000 touched at 2021.09.07 with 6922 pip Profit (86%).
TP7 @ 1.8400 touched at 2021.09.08 with 10322 pip Profit (128%).
422 (5%) + 1122 (14%) + 2522 (31%) + 3922 (49%) + 5022 (62%) + 6922 (86%) + 10322 (128%) = 30254 pip (375%)

Open Profit:
Profit for one trade is 1.8130(current price) - 0.8078(open price) = 10052 pip (124%)
1 trade(s) still open, therefore total profit for open trade(s) is 10052 (124%) x 1 = 10052 pip (124%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 1.5500 is broken, we will close open trades.

DateOctober 14, 2021 - 08:31
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 1.5500 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1.5500 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1.6000 on 10/12/2021, so more gains to resistance(s) 1.8400, 2.0600, 2.5600 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 52.

Take Profits:

  1. 0.8500
  2. 0.9200
  3. 1.0600
  4. 1.2000
  5. 1.3100
  6. 1.5000
  7. 1.8400
Click on the level to view price action history.

Symbol Released Current Forecast
Algorand (ALGOUSD) Thu, 25 Nov 2021
Algorand (ALGOUSD) free Sun, 14 Nov 2021
Algorand (ALGOUSD) Thu, 14 Oct 2021
Algorand (ALGOUSD) Sun, 10 Oct 2021
Algorand (ALGOUSD) Sun, 3 Oct 2021