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Algo

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
Algorand (Bullish Scenario to $3.00)A possible "Big W" Pattern (pink circles) may be forming, indicating a continued Bullish scenario. Algo is breaking out a a large bull flag pattern, (large orange triangle, partially seen here) with a price target of $2.75-$3.00, and is generally using measured moves up to do this. A breakout from the large W Pattern with a 46% increase would point to a Price Target of $2.86 ($2.57 starting from the lowest point in the W pattern). Algorand would need to stay above $1.90-$1.93 (generally) in order for the breakout to occur. If Algo dips below $1.77-$1.74 this could indicated additional sideways trading for several days/weeks. Additional Trading Journal notes: Registration for Algorand's new Community Governance ends 10-14-2021. Sideways trading could be seen until this date, after which the price of Algo is sure to go up (due to the number of tokens locked up causing the price and value of Algorand to rise.) related Algorand published ideas posted below:
Long
by marcosdaunte
Reiterating Bullish Call on Algo (Algorand)Crypto space is starting to go bonkers and with this happening, it's wise to choose the strongest one In my opinion, it's ALGO or Algorand. Been watching this crypto for almost a month now and here's what I like about it: *ALGO corrected and stabilized on the 50 Day MA while ETH and BTC on the 100 DAY MA, a sign of relative strength *MACD Cross up, MACD + *Area Pattern: Falling Wedge, a Bullish one *Histogram soon to be on the positive side - a sign that downward momentum is about to reverse direction *Area Pattern breakout retest, now acting as support ($1.80 level) *Volume Contraction Pattern With all this plus the bullish environment, it's tough to say no to ALGO. Let's go! For my entry strategy, check link below Good luck!
COINBASE:ALGOUSDLong
by kevvela
2
This Indicator just went long BTC for the first time since July!We've cleared this supply on BTC and are now looking for that upper level level at 52k after the first BTC long signal since July on the 1D The big round number that is $50,000 tends to hold a level of important psychologically with traders (Think 10k, 20k, 30, 60k for the first time.. and how that played with emotions). That's why despite the structure to the left giving up clean air to 52k, i'm playing with caution until 50k is confidently broken. This is a key level for BTC and emotions are running high, which means we need to brace for some BTC chop. Despite that, i'm expecting big things in Q4 2021, BTC seems to be pulling away from the traditional markets and standing on it's own 2 feet, which means big profits for traders like you and I. Please trade at your own risk and do your own TA and I'd love to hear your thoughts below. Take care friends. - May the profits be forever in your favour.
BITSTAMP:BTCUSD
by Unity-Trading-Group
ADAUSDT Analysis - ADA wants to go Higher to $2.40+?ADA sitting nicely inside this triangle formations, which are rife across the alt market currently and many are looking to follow BTC's upward momentum. 50k and those big round numbers can often play with the emotions of traders, where many might look to close longs or open shorts, so being prepared for a potential bit of BTC chop is a good idea as we approach that level. Nonetheless we're seeing strength and upside moves across a number of alts ($ICX, $ALGO, $OMG) for example, so to see more from the major pairs is to be expected, particular once we break that 50k level. Still trading with pretty tight stops across alts as we head 50k, but the market is offering some good opportunities to be well placed for Q4 Would love to hear your thoughts or see your chart below. - May the profits be forever in your favour.
Long
by Unity-Trading-Group