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Algo

ALGO and World Cup 2022Algorand (ALGO) looks promising in terms of growth. Cryptocurrency blockchain has been chosen as the official FIFA platform, launching an NFT marketplace for fan tokens last week. The football theme can be a constant driver of growth in the ALGO rate, given the World Cup starting in November. While we were going to write you a review, the ALGO has grown by 4-5%. We have a sharp dump on the news about FTX like all coins. We have collected liquidity below support and are now trading higher which is a good sign, we are also seeing sell culmination. On fundamental news we expect growth with targets of $0.34 $0.4 $0.47 The most positive scenario - growth $0.68 Cancellation of the scenario - price drops below $0.25 . What impact will the World Cup have on Algo's price on your opinion?
Long
by razumcapital
1
Keep an eye on ALGO! World Cup starting this weekend!Here's a quick Look at ALGO 2 hr chart. As we can see, the price has been forming an inv. head and shoulder pattern and we could see a break above the neckline soon - It all depends on BTC! Also, World Cup starting this weekend - we should expect some movement from ALGO! The best entry would be when the price breaks above 0.285$ with a good amount of volume. One to keep an eye on. ------------------------------------------- The idea is: Buy when the price breaks above 0.285$ and take profits at the levels shown in the chart. Targets: 1. 0.293$ 2. 0.3$ 3. 0.318$ 4. 0.338$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
3
ALGOUSDT | SHORT TERM TRADE CHANCE#ALGO/USDT 🟢Entry price: 0.26 - 0.24 🎯Targets: |> 0.28 (Sell 20%) |> 0.32 (Sell 30%) |> 0.34 (Sell 40%) |> 0.41 (Sell 10%) 🔴Stop-loss: 0.233(1D candle Close or two 4h candles) ➡️Recommended risk: 0.25% ➡️Recommended Position Size : 2.5% please note that due to the current market situation this trade signal is considered risky, so we must stick together to the stop lose and risk management strategy and not to gamble with our money. stay safe and trade safe thank you!
Long
by Khaledzu
2
Algorand (ALGO) - November 16Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOBTC 1W chart) In order to gain the power to rise, it must rise in the 0.0000 1970 ~ 0.0000 2452 section and show support. ---------------------------------------- (ALGOUSDT 1W Chart) The key question is whether it can rise to the 0.4253-0.6132 range. To do that, we need to see if it can rise above 0.3310. (1D chart) Below 0.3310 is likely de facto long-term investment territory. Therefore, it is important to keep the price moving above 0.3310 quickly. If not, a decline below 0.2140 is likely. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
ALGO Short 🚀Hello TradingView community 🚀 and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go. Today I want to talk to you about the ALGO chart. At the moment price break the structure. Then, I think ALGO breaks continue to move down to my goal. My target is located at charts level. I expect this scenario. This is my opinion, I really hope it will be useful for you. Be prepared and save your money. Make big profits!
BINANCE:ALGOUSDShort
by UnknownUnicorn6353257
2
An even bigger inverse h&s pattern appears on ALGOOn our way to hit the 2 targets I posted about previously from former inv h&s neckline breakouts, algo has now brought price action above an even higher inverse head and shoulder neckline. Stoch RSI is pretty over extended at this point so it would not surprise me at all if we see a dip back down to retest the neckline or even a few wicks or a candle close below the neckline before we are ready to validate the breakout above this new neckline. Of course, it could also just decide it wants to pump all the way to our next measured move target with no correction at all. I will keep hodling, but if I was leveraged i would dial down a good portion of my leverage after hitting the previous targets and try to add it back in upon a successful retest of the new neckline as support…if we do dip below the neckline as long as it holds the 50ma as support any dip below should be temporary. We maintain overall support on the 50 and then solidify support on the white neckline here we will likely validate another inv h&s breakout by the time algo’s golden cross occurs. *not financial advice*
COINBASE:ALGOUSD
by DrDovetail
1
ALGOOAAALLLL ⚽️Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last idea (attached in the Related Ideas below), you know that I am keeping an eye on tokens that might get more exposure during the World Cup 2022. Here is a quick reminder: FIFA has teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal. The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. As per the sponsorship agreement, Algorand will be a FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor. Source: Tweet attached on the chart 📉Technical Analysis: ALGO lately rejected a weekly support zone 0.20 - 0.30 and since then it has been stuck inside a big range. For the bulls to take over from a long-term perspective, we need a momentum daily candle close above the upper bound of the range (gray zone) around 0.440 Meanwhile, if ALGO rejected the upper gray zone and trades lower, we will be looking for short-term buy setups as it approaches the lower gray zone again. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSD
by TheSignalyst
12
ALGO/USDT - LONG 12H TF----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ #ALGO/USDT ⚡️⚡️ Client: My-Binance Futures Trade Type: Breakout (Long) Leverage: Cross (2X) Entry Targets: 1) 0.4550 - 100.0% Take-Profit Targets: 1) 0.4843 - 20.0% 2) 0.5297 - 20.0% 3) 0.6062 - 20.0% 4) 0.6742 - 20.0% 5) 0.7319 - 20.0% Trailing Configuration: Entry: Percentage (0.0%) Take-Profit: Percentage (0.0%) Stop: Breakeven - Trigger: Percent (10.0%)
Long
by Mahdicryptodotma-pro
🚀ALGO : THE START TO NEW HIGH :THE FOOTBALL TIMES COMING!It's a very interesting time for ALGO As the world football cup will start soon about 15 Days from now. I did study time ago this coin, not only the partnership with FIFA did make me interested in this coin, but also the technical side of price action. When it's the world cup the Feeling comes back, and people will check more FIFA and trends. As there are high sponsor and ads trends that are going to happen on ALGO and FIFA will support this and all details are added on the original FIFA website, expecting that ALGO will have a high background on this trend, which can add ALGO INTO NEW HYPE. The most important first target is $0,76 followed by a trend that can increase above $1.20 USD , and the most important target that this coin can become is 2$ At the time of a football match, the goal is that ALGO will get promotions. And worldwide it will become more known as the Blockchain FIFA use. Expecting with the coming days as we are going to FIFA times, this coin will become more interesting, and more known. ( as most even don't know) Know that this is not a guarantee, but it looks possible. Will follow ALGO coming time to see the trends. Target 1 Have nice FOOTBALL days coming time, and if your country plays, good luck! This is our view, do always your own study.
Long
by Goldenbreakout
5