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Algo

Confirmed #Algorand goes longAfter weeks of consolidation and a confirmation of a breakout on the top trend line in a symmetrical triangle... Along with upwards momentum shown below on the MACD I believe the next week will be very bullish for $ALGO. Even a retest of 2.50$ ATH price level is within reason. Additionally "Governance" on Algorand's blockchain currently has 1.88 billion $ALGO essentially being locked away from the circulating supply for high rewards until the New Year. If $BTC stays the course or even falls a bit in price $AGLO will be making some drastic moves. First profit level I anticipate is 2.10 then a sharp move upwards to 2.40 followed by a retest of the 2.5ATH Getting in under 2$ mark will make for some nice profits in the short term and in the long term the staking and governance rewards will have many traders coming back as return customers on this blue chip alt. -Cheers!
COINBASE:ALGOUSDLong
by goodluckbruce
Just some thoughts from 2018 to keep in mindThe graph says everything, no one knows where the ATH will be, the 2 things that would make me sell my crypto are: 1) Touching the top of the Logarithmic chart. 2)Loosing the weekly EMA 8 after reaching values close to the top of the log chart. Now I believe the biggest support is the weekly EMA 21, but close to the end of the run which is when BTC will be reaching the tops of the Log chart it can´t loose the weekly Ema 8. Also, keep in mind that alts will top weeks away from BTC ATH. That´s why Dominance is so important to understand the end of the cycle.
BITSTAMP:BTCUSD
by ViniciusBaccelli
Are alts anticipating this October? Just like many others already pointed out, October is a BTC month, but could we have an anticipated move or Alts starting on ETH? Maybe, considering that ETHBTC graph is moving faster than the Alts Dominance, I could say that this is the begging of the crypto market cycle: BTC>ETH>(TOP 10: ADA, BNB, DOT, SOL, LUNA)>(MID CAPS:AVAX, ALGO, ATOM, FTM , CAKE, EGLD )> Small caps I am slowly moving my BTC into ETH, if we break that BTC.D channel downwards I am buying even more, otherwise I am waiting until we reach 49-50% again to enter more in ETH.
CRYPTOCAP:BTC.D
by ViniciusBaccelli
6
ALGO - Potential Bullish Continuation!Hello everyone, if you like the idea, do not forget to support with a like and follow. ALGO is trying to break the orange support/resistance again. on H4: ALGO is forming a symmetrical triangle in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above the gray zone. Meanwhile, until the buy is activated, ALGO would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
27
Extended Cup n Handle on Luna could lead to long upward moveExtended Cup n Handle on Luna could lead to long upward move. Just like many others already pointed out, October is a BTC month, but could we have an anticipated move or Alts starting on ETH? Maybe, considering that ETHBTC graph is moving faster than the Alts Dominance, I could say that this is the begging of the crypto market cycle: BTC>ETH>(TOP 10: ADA, BNB, DOT, SOL, LUNA)>(MID CAPS:AVAX, ALGO, ATOM, FTM , CAKE, EGLD )> Small caps I am slowly moving my BTC into ETH, if we break that BTC .D channel downwards I am buying even more, otherwise I am waiting until we reach 49-50% again to enter more in ETH. Smaller position into mid caps ass well. Just like LUNA, SOL, ADA.
Long
by ViniciusBaccelli
BTC Toughest Test YetBTC is looking to take out the former trend support that has held as resistance for the last 5 months. It is also fighting against the neckline of the rounded top/ head and shoulders pattern that formed Feb-May. If Bitcoin is able to flip both of these lines (Which is exactly where BTC reached before slightly dropping). Then I think we can confirm that the bull market is back in full swing. Until we flip these lines do not enter long positions with high leverage. Because we could move sideways for a couple days and then move to the .5-.618 fib levels. 51k and 43k should hold as support. Until these 2 lines are flipped I think it is best to remain neutral. Do not give in to FOMO. You can still get a great entry when bull market is confirmed. Thank you for viewing my post!
by Nutty_Trader
1
It's almost $ALGO time$ALGO has been consolidating for weeks now, since the mid-september move after hitting 2.50. The 1.55 area has shown strong support after being tested multiple times in late September. Each time on less and less volume, indicating that selling pressure is waning. Price is currently bouncing off its 50EMA and the bollinger bands are tightening. I still think we could see one more retest of that 1.55 area but if price breaks its downtrend line then my gut might be wrong. RSI is peaking above its short term downtrend line and the MACD is a few days away from a crossover. Keep your eye on this one.
COINBASE:ALGOUSDLong
by Drewsified
2
ALGOUSDT Technical Analysis⏳ Spot 💎 ALGOUSDT has formed a symmetrical triangle, the price has got rejected from the bottom of the triangle, I expect it to move higher and after the breakout we will see a bluish move 🌐 Tradingview 🏁 Short & Medium Term 💵 Invest Only 5% of your Portfolio 🎳 Entry at Market or at 1.6969 ☕️ TP1 1.8200 🍺 TP2 1.9000 🍻 TP3 2.1000 🍾 TP4 ______ 🍷 TP5 ______ 🍸 TP6 ______ 🍹 TP7 ______ 🎁 TP8 ______ 🚫 SL 1.6000 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Long
by Fibonacci-Signals
6
Algorand (Breakout Update)!Update from previous published ideas for Algo's breakout. Algorand is breaking out of a large descending wedge (blue triangle), tracking along a rounding bottom (red arching line) with a price target of $2.00-$2.20 by 10-20-2021 to 10-23-2021. Expect some sideways trading, which could cause the deadline to be extended by a few days possibly a week. copied bars pattern-purple bars can be seen with a price target of $2.00. Off-centered, but the basic scenario a possibility still; AB-CD/Measured move up pattern. resistance at $1.75 and $1.90-$2.00...ceiling at $2.00. Trading within the orange rectangle is what is most important, there is a possibility that Algo can breakout of the rounding bottom and/or copied bars pattern...as recent volatility is causing the entire Crypto Market experience additional sideways trading or sporadic downtrends before their trend change to the upside (new highs). related in-depth published Algorand ideas linked below:
Long
by marcosdaunte
Algorand (ALGO) - Algorand's had a bad day. Places to buyAlgorand suffered after a recent breakout attempt, where an old daily Dynamic support flipped to resistance and gave us a little local double top. After this those who bought the breakout no doubt have dumped it and caused it to drop to the current lower dynamic support (green) which it is currently testing. The technicals look bad. But wont be confirmed until this 4H closes. Depending on how much you like the ALGO project, you could watch this current 4H candle and try accumulate at this dynamic support if it looks like it will close above price support and OBV key level. From here we may see a recovery. The alternative is this support is broken and we head back down to the 1.5 range. Buyers have been making slightly higher swing lows each time, but they have been failing to show strength. Note the OBV signaling a strong sell off after attempted break. We would want it to hold that key level Watch and act at this level, risking the recovery. OR wait until it returns to the 1.6-1.5 level and look for some signs of renewal there
by jamoooo
2
ALGOUSDT Daily TimeframeSNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL. ENTRY PRICE BLACK COLOR MOST PROBABLE SCENARIOS TARGETS GREEN COLOR LEAST PROBABLE SCENARIOS TARGETS RED COLOR TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE. DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING. It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave. The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe. Consider those points and you will have a huge advantage in the market. There is a lot more about this strategy. It can predict possible target and also give you almost exact buy or sell time on the spot. I am developing it even more so stay tuned and start to follow me for more signals and forecasts. START BELIEVING AND GOOD LUCK HADIMOZAYAN
Long
by hadimozayan
1