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Algorand

$ALGO at key levelThe point of control level is $0.3005 very significant. Dating back to Algorand 's inception, this has been a key level of resistance/support. ALGO stopped nearly to the penny on the volume shelf at the bottom and bounced off it multiple times. Previously it was resistance, now it seems to have become support. ALGO seems to be running out of sellers. Soon the bulls will take control. Targeting the $0.5380 level which would be a 50% return and the VWAP from the most recent high at $1.0172 would be a nearly 200% gain. Algorand is green, efficient, and has extremely low gas fees (I believe it's $.001 please correct me if I'm mistaken).
COINBASE:ALGOUSDLong
by EBITDAtiger
2
Algorand (ALGO) Buy ZoneAlgorand (ALGO) Buy Zone -------------------- BIAS Mid-Term : Neutral Risk : Medium We’ve seen high volume spike on this beast over the last 2 weeks, with closes below support and spikes of buying volume. -------------------- $ALGO/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 0.39 - 0.38 TP 1 : 0.398 TP 2 : 0.408 TP 3 : 0.418 TP 4 : 0.43 TP 5 : 0.443 TP 6 : 0.455 TP 7 : 0.473 TP 8 : 0.495 Stop Loss : 0.3665 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
#ALGO/USDT 1DAY UPDATE BY CRYPTOSANDERS Welcome to this quick ALGO/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:- ALGO/USDT PARALLEL CHANNEL brake the green and trandline and buy the retest green zone. PARALLEL CHANNEL green zone. (SPOT CALL) Entry:-$0.4230,$0.4625 Traget:- 30% Stoploss:- $0.3555 Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
2022-05-16 ALGOUSDT Long IdeaMy thoughts on KUCOIN:ALGOUSDT : **Daily:** Price has moved down to a key demand level aligned with the green box at 35c. From here we have seen a good reaction with a reasonable amount of volume entering the market - however, we are still clearly in a downtrend, and every failed attempt at a recovery creates more low timeframe supply zones (red boxes) that will have to be overcome to regain bullish momentum. **4H:** Price has recovered past the 10/20EMA cradle and is shaping up for a recovery push. Key levels to watch will be the 50 Fibonacci level from the recent bearish move (as aligned to the 4H 100EMA in yellow) and the 61.8Fib level (as aligned to the low timeframe supply block in red). **1H**: Showing an interesting area for a short term long play. I've marked areas for consideration for accumulation, and where a stop loss should be placed. Targets have been set based on the higher timeframe confluences. *Ideas only, not financial advice*
Long
by DoryFish
2
ALGOGUSD (Long Term Buy?) Scaling InScaling in to obtain best asset prices: We are looking to acquire assets to hold long term as the markets are selling off and the SPX and ES breaking through the 4,000 level while the DXY may test new highs. We do this by scaling in slowly to obtain an attractive weighted average price in selected cryptos. For this to work, you need to be VERY TIGHT in your entries and sizes, and not chase the markets. One of the assets we are looking to acquire is Algorand (ALGOUSD) which from their website, is "the world's most decentralized, scalable, and secure blockchain infrastructure, that is capable of powering anything from decentralized finance to generative NFT art, powering future economic models." Reminders: 1) Unless you are selling puts, it is more difficult to protect yourself from the downside in cryptos and create a margin of safety by selling DOTM puts on lower strikes for protection. 2) Cryptos are more risky therefore portfolio allocation and trade sizes are of critical importance. Levels where we are looking to buy. We are looking make small purchases in the 25 to 50 cent area as it's a great price range for a long term hold. If you buy in the 50-69 cent range, it's a good but not as great. Anything above 69 cents, you are starting to chase as our min sell target is $1.85 No matter what the SPX ES and DXY do, we are looking to purchase ALGOUSD at levels that have attractive risk to reward ratios, where slow scaling in with a long term hold make sense. At the low end, if we risk $0.25 to make $1.60 (eg 1.85 - 0.25 = 1.60) or over a 5x return. At the mid level, we risk $0.50 to make $1.50 a 3x return. * If you are not willing to scale in small amount of money for a very long time minimum 3-7 years here don't do this trade. Hope it helps Marc
COINBASE:ALGOUSDLong
by PowerIndicators
4