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Algo

ALGOUSDT - Good timing to break out this big Triangle!BYBIT:ALGOUSDT 4H trend chart - ALGO has kept consolidating as a triangle formation for a while. There were many times fake out and needed to modify the upper downtrend line. Now it just broke it out in 1H chart, and we should notice the closure of 4H candle is firm or not. So if price can be confirmed of breaking out this triangle, trading strategy as below. - Profit Targets: a) 1.8925----Fib(1) b) 1.9708~2.0025----Fib(1.272~1.382) c) 2.0704-----Fib(1.618) Stop losses: a) 1.7730-----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
descending triangle ( Algo 1D )(( please read the description )) Algo coin is currently falling in daily trading, if it can get out of the downtrend triangle in the coming days, a target is considered tip : * Support in Fib 0.5 ~ 0.618 * The trading is above the MA 50 (blue line), one should hope for an uptrend and test the resistance Zone . I tried to identify the points of support and resistance for you, Trade smartly, Good luck. ..................................................................... * In trading, the winner is the one who manages his profit and loss * * The responsibility for buying and selling lies solely with you * ..................................................................... ********************************* pay attention **************************** For stress-free trading, see BTC price trend, BTC is effective in all trades **************************************************************************** ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Please like, subscribe and share your ideas. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
by Saeed-sheikh
$ALGO buy set-upsBetween the two scenarios, A & B, I think scenario A is more likely so I'm looking for a breakout above this downtrend line. Scenario A looks likely because of an MACD cross, strong bounce off the lower bound of the channel, showing strength. Looks like it is about to test RSI at 50. With ETH fees going through the roof and ALGO being put to the test with more and more transactions per second while maintaining fees below $.01 I think ALGO will flip ETH eventually unless ETH fixes the gas fee problem or ALGO can't maintain its low fees while scaling. If scenario B happens, I will be looking to buy more once it bounces off the lower bound of the channel. Long ALGO. Strong support at 1.5538 4% for staking your Algorand on Coinbase. Nice to own an appreciating asset that also has interest.
COINBASE:ALGOUSDLong
by EBITDAtiger
4
Algorand (Sideways Trading)Algorand has been stuck in a sideways trading pattern for the past few days. Seeing a small breakout to the upside (and downside) on occasion, but never breaking below $1.54 (floor/support zone) and never going above $2.09 ($1.86-$2.00 resistance/ceiling.) Algorand's Community Governance registration period end this Thursday (10-14-2021.) At the time of writing this Algo has: 57,067 Governors, with 751,415,874.696 Algo's committed to be locked up for the 3-month required timeframe. The Pink rectangle on the R.S.I Chart is a high level of resistance for Algorand, and is sure to be either rejected at this level, or breakout from this level. A rounding top formed (seen as the over head arching red line.) However, an even bigger rounding bottom can be seen (the arching blue line). The overall Crypto market has seen the bull market continue, with wide speculation of an extended Bull Market (possibly till January of 2022 and/or beyond.) Price target around $2.75 to $3.00 per Algo by October 28th through October 31st. With a possible delay till mid November. related Algorand published ideas linked below:
Long
by marcosdaunte
ALGO USDT analysisHello Trader, Please look at the video. ALGO is on down trend and as per this analysis this will be continued to lower price as of the current date and time of publishing this idea. RSI is low at 27, current price is ~1.63 1- First target is 1.56 2- The second is 1.49 3- Very ow possible third target is 1.21 --- Some advices This is not a financial advice Open trade at your own risk Never invest beyond 10% of your portfolio Never ever forget to have the stop-loss(1/2.5 R/R and more is better)
Short
by Ety_Ethan