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Algorand

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
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
ALGO/USDT : Breaking out the trendline ! BINANCE:ALGOUSDT Hello everyone 😃 Before we start to discuss, I would be glad if your share your opinion on this post and hit the like button if you enjoyed it ! #ALGO is breaking above the bearish trendline here. 📚 There are some of the bullish factors for it : - There's a S/R line which has been broken and it has so much impact on #ALGO's master candle after a retest on it. - Breaking above the current trendline will lead the pair to the recent high which is also. - This the 5th attempt to breakout and based on 5th rule, Bulls have the opportunity to hold above the trendline. - EMA200 is supporting the movement and also it's standing to the support zone on current chart's time-frame. - MACD had a bullish crossover and now it's breaking above the neutral line; Also there's a buy pressure located on MACD. - RSI is standing at 62 currently which is suggesting the bulls upper hand on current level. - #ALGO is breaking above the MA200 currently 📌 You can take a ride after a hold above the mentioned resistance zone. 🔴 Any close below the support zone will invalidate the bullish bias. Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
Long
by Helical_Trades
22
OPUL and Fibonacci ExtensionsOpul is a music and creator focused token. I am bullish long term on the project overall due to being on the Algorand network, the connection with Yieldly, and that artists will always find the best ways to earn more! Here are the fib extensions from highest high and lowest low as a framework for viewing larger zones. Their website describes the project as - "Using our NFT Exchange anyone can own a piece of their favourite artist’s music copyright and buy valuable assets previously only available to industry insiders. Musicians can raise money by freely selling their music copyright as NFTs, while fans can support and form closer connections to their idols by purchasing a real stake in their career.
by WillGood
$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