Get started

Algorand

Support Failed, What Happens Next? ALGO blew right through the support on the retest. After a brief drop down to $1.31, the price has stabilized and returned to around its 1-month average price. Now, we either see a breakout above the previous support and look for a buy setup on the retest or we bounce back down to a lower support level . Given the average price over the past 30 days is $1.38-$1. 40 , I am thinking this might be a good entry point. There needs to be confirmation of strong support if/when the price drops back down to $1. 40 and it will give ALGO a chance to take off.
COINBASE:ALGOUSDLong
by benjo93
*Read* Algo Strong Bullish Indicators (Early Stage)On 27th Algo entered 0.382 on 27th of April as since been moving between 0.382 and 0.236. I used FIb Retracement on uptrend EMA 9 and EMA 20 back in January towards the peak, since there were no downtrends occurring during the bull run. Afterwards, we can see 2 Fib Speed Resistance Fans. 1st Fib Speed is used once Algo started bull run between 0.618-0.382 (Retracement), had test between 0.0382 and 0.236 (Retracement) and at the end broke 0.2361(Retracement). 2nd Fib Speed is used at the exact same pattern bull run, but we are yet to see a breaking of 0.236. If you look closer you can see that breaking from 0.618-0.382 (Retracement) on both Fib Speed Resistance fans was happening between 0.75-0.25 (Fib Resistance). Now, if we go back at 1st Fib Speed we can see testing from 0.25-0.25(Fib Resistance) and then another break 0.25-0.5(Fib Resistance). Testing is happening at the 2nd Fib speed between the same Fib Resistances as in the 1st Fib Speed. BINANCE:ALGOUSD BINANCE:ALGOUSD BINANCE:ALGOUSDT
by EagleAi
ALGO/BTC Bullish Trade (mid-term)Algorand is looking great and prime for a strong move up. Recent attempt to breakout and retest failed, but this gives us another good entry position. This trade is a mid-term trade, so no expectations of quick gains. Two potential TP targets for mid-term. Algo/btc has yet to see some big moves unlike other altcoins the last couple of months. Patience should pay off. Entry lvls: 2550, 2250.. average into support. Support: 2192, 1952 Happy Trading <3
Long
by LukaDuke
ALGORAND FUNDAMENTAL BUY ZONEAlgorand has bounced successfully from the $1 psychological buy zone in confluence with the fundamental demand area. This token has a use-case for instant payments with low commissions and rewards through staking. Several payment processors such as NYSE:V & NYSE:MA have shown an intensive interest in this asset since last month. This fact causes the $1 level to be detected as a good buying opportunity, as it is considered reasonable for a token that could be used to pay for goods and services. Its low market capitalization could be a trigger for a very profitable opportunity in a long-term approach . You should monitor this token, as it is a bit risky to enter while bitcoin decides its next move. However, we recommend taking advantage of these investment ideas using the DCA (Dollar Cost Averaging) strategy. So that unpredictable dumps or bad timing wouldn't be a problem when entering excellent opportunities. Check our socials and stay tuned! Have a good day, Alkalites.
BINANCEUS:ALGOUSDLong
by CryptoAlkaline
2