Algorand
Algorand ($ALGO) New FIBAlgorand ($ALGO) with TONS of indecision as BEARS and BULLS decide who will move first. Testing all the way down to $1.5153 psychological support
Algorand [ALGO] - Buying "The Dip"Here are some value areas for buying the dip on ALGO if you missed the first move or if you're considering adding on.
Algorand (accumulation phase/recovery.)Algorand has hit it's "floor" at $1.50, which was a previous price marker, and has seen a healthy recovery since the dip. Algo is now seeing higher lows, with a possible touch to $1.70-$1.65 before it continues moving up.
I would expect some sideways trading between the pricing $1.90-$1.80. Resistance at $2.00 and $2. 40 .
*additional trading journal notes:
Algorand's Community Governance is coming October 1st, 2021.
youtube link below:
youtu.be
Algorand (accumulation phase/recovery.)Algorand has hit it's "floor" at $1.50, which was a previous price marker, and has seen a healthy recovery since the dip. Algo is now seeing higher lows, with a possible touch to $1.70-$1.65 before it continues moving up.
I would expect some sideways trading between the pricing $1.90-$1.80. Resistance at $2.00 and $2.40.
*additional trading journal notes:
Algorand's Community Governance is coming October 1st, 2021.
youtube link below:
youtu.be
previously published Algo ideas linked below:
ALGO is a buyI am buying the dip since this morning with only 30% with idea of adding more once bottoming is confirmed.
All eyes on SPY, nothing else matter. If SPY dip is bought, everything else will be bought.
Right now, SPY broke an important trend line so very cautious going forward but also letting my FOMO make some of the decisions.
I do like ALGO here though as long as i get my bottoming confirmation.
Algorand (breakout coming!)Algorand is forming a large high and tight bull flag pattern, with a price target around $2.68 (on the low end) and $3.68 (on the high end.)
At the time of writing this Algo has seen a drop of 11%, and could drop to 15%-25% (leaving a floor around $1.50). There could be a couple of reasons for this drop in price: normal crypto volatility , liquidation from leverage, recent options expiring and/or price manipulation.
Additional Trading Journal Notes: Could Algorand see price peak at the dip around 5:55 A.M (09-20-2021) 🌕
*Bars Pattern copied from last dip, seen as blue bars.
*The Salt Conference ended in N.Y, which set-up Algorand for heavy adoption (and the overall crypto market.)
*Algorand Community Governance coming October 1st, 2021.
Other related published ideas linked below and alternative chart patterns linked below:
Algorand (breakout coming!)Algorand is forming a large high and tight bull flag pattern, with a price target around $2.68 (on the low end) and $3.68 (on the high end.)
At the time of writing this Algo has seen a drop of 11%, and could drop to 15%-25% (leaving a floor around $1.50). There could be a couple of reasons for this drop in price: normal crypto volatility, liquidation from leverage, recent options expiring and/or price manipulation.
Additional Trading Journal Notes: Could Algorand see price peak at the dip around 5:55 A.M (09-20-2021) 🌕
*Bars Pattern copied from last dip, seen as blue bars.
*The Salt Conference ended in N.Y, which set-up Algorand for heavy adoption (and the overall crypto market.)
*Algorand Community Governance coming October 1st, 2021.
Other related published ideas linked below and alternative chart patterns linked below:
Algo is Bullish to the bonesALGO IS SO BULLISH, it's forming not one falling wedge but two wedges (technically bullish patterns) 😀...No matter how you look at it it's bullish, with expectations to reach $2.80 min or $3.00 after the breakouts upwards.
Algorand has been on an uptrend lately and topped charts as the best performer coin multiple times. With the price climbing to heights not seen since early April, showing significant volatility over the last week. As a project algorand is very good and of course you can hold for long term. (better days are coming for sure)!
Good luck 🤞
Algorand's (ALGO) Bullish IndicatorsALGO or Algorand has one of the stronger looking charts in the crypto space
With it's recent ascent from $1ish to $2.50ish, ALGO is currently undergoing some price correction
What's nice about its ongoing correction is the Volume Contraction Pattern (VCP) on its daily volume, a bullish sign.
The previous resistance that it broke, $1.80 ish, is now acting as support as evidenced by candles bouncing from this level whenever it nears that price
Let's see how this will play out.
Good luck!
Algorand (one last dip to $1.88?)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
*follow the red-line in the flag pattern...
ALGO/USDT : Breaking out the trendline ! BINANCE:ALGOUSDT
Hello everyone 😃
#ALGO has formed a descending triangle, The movement is marking to be bearish by the current bearish trendline.
But there is an attempt to break above the trendline, Also after any correction to FIB's level; EMAs will support the movement and it should pullback from that points..
Have to mention that Volatility is being bullish too !
So there will be two bullish scenarios :
- Break above the trendline at current point and volatility cause another bounce by the bullish crossover
- Retest on lower EMAs and pullback from the support zones which has been merged with FIB's levels.
📚 Targets are mentioned on the chart, Potential +70% growth after a correction on FIB's levels !
🔴 We might face more FUD news as #BTC is approaching the 50K's resistance again, So manage your risks and don't engage more than 4% of your portfolio on ALTs.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
ALGO , 5th elliott wave about to end , 65% gain ahead.so guys as you see , it's the end of the 5th wave for ALGO , our target is between 3.35 - 3.55.
after that we are gonna have a correction which Imma keep y'all updated .
don't forget the 3 important things , like , comment , follow.
see y'all in the next idea.
Algorand ($ALGO) New FIBAlgorand ($ALGO) BULLS applying some buying pressure yesterday and the start of today's trading candle
Algorand (one last dip to $1.88?)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
Algorand (one last dip to $1.88?)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
If Algo drops once more, I expect strong support around $1.86-$1.90 (floor).
Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.)
Algorand (breakout deadline)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75.
*my other related ideas regarding Algorand are linked below (alternative chart patterns.)
So its back in, its back onLets go. Update to earlier algo analysis. Dropped down to support and made a recovery back to the wedge and above support trend line, shit it lookin good
Algorand descending wedge breakoutScalping off Algorand.
Took my position at $1.90, planning to sell around $2.05-$2.10
ALGO/USDT - LONGLet’s long ALGO!
Stoploss at 175.
Take profits whenever you feel satisfied and at any of the levels based on the chart.
Algorand ($2.75-$3.00 Scenario)Algorand has seen a recent uptrend, and is testing $2.00-$2.15 (the handle of the small cup-and-handle pattern). The next major ceiling for Algo is $2.22. If Algorand is able to break out of the $2.43 price barrier, I would expect an immediate rise to $2.50-$2.60...with possible resistance at $2.65-$2.75.
Algorand ($2.75-$3.00 Scenario)Algorand is testing $2.00-$2.16 with a temporary ceiling at $2.22.
The ceiling could have been caused by multiple or several large sell orders placed at this price marker.
Floor at $1.86 with support at $2.00.
Additional Notes: Algorand's Community Governance goes into effect on October 1st, 2021.
