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Algousd

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 - Hit TP1 exactly in an hour as expected!- Congrats if you've been following this trading strategy as below! - Now you definitely take some profit at 1st TP. Next, you can hold the rest till TP2 or TP3, surely can take it all anytime you want. - I suggest that you can move the original SL a little upper to assure your potential profit! Have a great profit guys! - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
7
ALGOUSDT - Good timing to break out this big Triangle!BYBIT:ALGOUSDT 4H trend chart - ALGO has kept consolidating as a triangle formation for a while. There were many times fake out and needed to modify the upper downtrend line. Now it just broke it out in 1H chart, and we should notice the closure of 4H candle is firm or not. So if price can be confirmed of breaking out this triangle, trading strategy as below. - Profit Targets: a) 1.8925----Fib(1) b) 1.9708~2.0025----Fib(1.272~1.382) c) 2.0704-----Fib(1.618) Stop losses: a) 1.7730-----Red horizontal ray - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see! Trading is a reflection of yourself. Learn more daily and be ready for every opportunity. Have a nice trading!
Long
by EthanTW
$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 (ALGO) - October 10Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ALGOUSD 1W Chart) - Medium to Long-Term Perspective Above 0.76754798 point: uptrend expected to continue (1D chart) First resistance section: 2.11836146-2.25112275 Second resistance section: near 2.51664536 First support section: near point 1.72007755 Second support section: 1.18903235-1.32179365 If the price is maintained in the range of 1.72007755-2.11836146, the uptrend is expected to continue. However, it is recommended to maintain the price beyond the psychological support and resistance zone formed in the 1.90329264-1.97455023 zone. The first resistance section is an important section that determines the trend. So, if it rises to the first resistance zone, you need to check whether the price holds. If you fall from the first support, you can touch the second support, so you need a short stop loss. ------------------------------------------ (ALGOBTC 1W Chart) - Mid/long-term perspective Bottom sideways section: 1970 Satoshi-4309 Satoshi section 6469 Satoshi point or higher: Expected to create a new wave. (1D chart) First resistance section: near the 4309 Satoshi point Second resistance section: near the 6469 Satoshi point Support section: 2452 Satoshi-2886 Satoshi section ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released. (Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
BINANCE:ALGOUSD
by readCrypto
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
Chart of the Day - ALGOUSDPeriod of Consolidation forming a triangle pattern. There is momentum to the up but we have to be patient to trade a clear direction. I appreciate if you write in the comments all your questions and instruments which you would like me to see analyzed. Thanks for pushing the like button, write your comment, and share with your friends. I would like to thank in you for all your support. P.S. It's important that you make your own analysis and trade within your risk parameters.
COINBASE:ALGOUSDLong
by Stefan_Gauci
1
MY MINIMALIST ANALYSIS FOR $ALGO9.14.21 My Minimalist Analysis of $ALGO 1. TARGET ENTRIES for $ALGO Correction taking place. The Chart will be adjusted after correction. 2. We will ENTER during ACCUMULATION. Indicated are key support and resistance levels using small and large trading range boxes for ENTERING A SWING TRADE (Short - Long.) Watch out for Patterns, Divergence, EMA, Candlestick Math, and your Fibs. Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style. Disclaimer: The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice. Thank You for your appreciation and support.
COINBASE:ALGOUSDLong
by The_Crypto_Samurai
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Short
by itsFaroukS
💡Don't miss the great buy opportunity in ALGOUSDTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.7078). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ALGOUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 1.9526 TP2= @ 2.0650 TP3= @ 2.2250 TP4= @ 2.3999 TP5= @ 2.5568 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
15
💡Don't miss the great buy opportunity in ALGOUSD Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.7078). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ALGOUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 1.9526 TP2= @ 2.0650 TP3= @ 2.2250 TP4= @ 2.3999 TP5= @ 2.5568 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
16
ALGO next move could be a big oneI have been following ALGO closely, its shown very positive signs and next move could be big. Last trade I set a modest price target just below global trend which it reached. Now it is pushing up on global trend which will also be a likely bullflag breakout. Which should attract a lot of attention Look for break and retest above global trend and previous daily support around 1.85 If it pulls back from here look for a reset in the 1.75-1.65 range then watch for a break up of global trend. Possible to open a higher risk trade on the reset with a stop loss of 2 ATR. Look for buy setups on lower time frames Check my previous post for more details, make a plan and follow it! As always, keep an eye on the health of BTC
by jamoooo
3