Get started

Algousd

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!
COINBASE:ALGOUSDLong
by kevvela
2
ALGORAND - 🤔Has Not Exploded as We expected But.... 🙏🙏But a bullish flag on the chart might change things for us. I had posted about Algorand a lot but nothing much has happened since Thursday... Maybe time for volatility to arouse and Algorand to fly? Well i certainly hope so because i have high expectations from ALGOI and funds tied up with it. Let's go ALGO! ps. Checj this great news : SPORTS Drone Racing League lands $100 million deal with crypto platform Algorand
Long
by FX_Professor
7
ALGO Forms Ascending Triangle Near ATH-ALGO has risen 64% over the last week -Price has now formed an ascending triangle -ALGO has been held up by the 30MA 

Algorand just had one of its best weeks in terms of percentage growth since many months ago. Back on the 7th of September, the entire cryptocurrency market experienced a massive pullback that brought many coins down -20% or more. Since then, ALGO has revived over 140% to a new all time high of $2.49. Algorand offers a highly efficient proof of stake blockchain that can outperform many of the other top blockchain platforms. Just now people seem to be realizing the value in these highly efficient blockchain technologies. 

 Ever since ALGO broke over the $1.95 level, it has successfully held it as support. Over the past few days, bulls have been having trouble breaking over the major resistance zone found from $2.22-$2.40. Each time price has touched this level, it has failed to hold it & has gotten rejected back down to the next support. This price action over the last few days has formed what’s known as an ascending triangle. This is a generally bullish pattern as it is activated once the top trend breaks. If bulls manage to hold within the zone ALGO is currently in, expect prices to rise to $2.69 fairly soon. 

 Since the beginning of September, price has been holding above the 30MA besides on September 7th when prices had a flash crash & rebounded right back above it. We can use this MA as a good gauge as to whether or not ALGO is in a bullish trend. At the time of writing, this MA is directly in line with the bottom trend line of the ascending triangle ALGO has formed. In the case that bears assert more control & pull ALGO below its ascending triangle, expect prices to land between $1.77-$1.94. 

 While looking at the Stochastic RSI, we can see strength has just entered the overbought territory. If strength continues within this zone, ALGO may be in position to break towards another ATH. If strength breaks below the 80 value, expect prices to fall back to the support trend of the triangle. While looking at the MACD, we can see the MA’s have been floating well above the 0 value within bullish territory. As long as the histogram continues ticking green, price is in a bullish state. ALGO Intraday Analysis Spot rate: $2.34 Trend: Bullish Volatility: Medium Support: $2.22 Resistance: $2.40
by CoinGape
1
ALGO/USD WYCKOFF REACCUMULATION!Hello my beautiful traders. I think ALGO might be very close to exploding beyond its range. I will take a long position once it has broken above the range evidenced in red and retested it. The desired area is the one in green. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me on PayPal if you think I am providing you with value. Peace. Luca, TrickleDownFX
COINBASE:ALGOUSDLong
by TrickleDownFX
ALGOUSDTWe waited ALGO for a while. This coin is really undervalued (like XLM, IOTA and XRP). really nice move since BTC correction. We expect a fibonacci retracement on the 0.618 level, which is the most important FIB level for a healthy growth. From this point, we open a big long and use this retraceemnt as new strong support. ALGO is big and was a sleeping giant for a while . We also identifies maybe a local support around 1,90 We keep close eyes on it and be sure to don't miss itin the case we test again our 0.618 fibonacci level!
Long
by AH_CAPITAL
1
ALGOUSDT | Corrective Wave Started | ShortReason: 1. Break the support Channel 2. Break the support Wall 3. Break the EMA support in 30M Time Frame 4. RSI Divergence 5. I think wave 5 is over For the stop loss level consider the trendline and the EMA as a new resistance The corrective path just a illustration about the ABC corrective wave, it can be flat or zigzag or another ABC Disclaimer ON this chart is not a signal you should follow, I just want to share what I think, if I made a mistake please let me know in the comments section, Thanks. Break the EMA support in 30M Time Frame
Short
by bybimasakti
1
ALGO 1D Watch, read, comment!The last time we analyzed the Algousdt pair was back in February, but if you look at its performance and read the description... you'll see quite a precise realization of the idea. Today let's refresh our thoughts a little, after all, it's been half a year) In recent days, the Algousd chart has recorded abnormally high trading volumes. Importantly, these volumes were recorded on the break-down of all the highs of 2021, which is a strong bullish signal . If the price does not break and fixation below $1.84-1.95 today/tomorrow, the buyers will confirm their strength and serious intentions to continue rising. The growth itself in such situation can continue, at least till $3.50 for the white scenario. Or maybe such a rush around Algo and a burst of trading volumes was due to some strong news? Please, share your thoughts in the comments , you know we don't read the news much and don't base our analysis on it) Because if it's a banal news dump, the price of Algorand token may go down even faster than it went up. A price fixation below $1.84 will show the green light for the sellers, who can easily bring the price of Algousdt down to $1.10 to begin with. We considered many possible scenarios, but we pictured two most likely ones: white and blue! What's interesting, the end goal in both scenarios is around $8.60, though the buyers and sellers will have to overcome different routes and tests to reach the goal) _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
41
ALGO - The Beast Is Awakened!Algorand, or what I called " the sleeping giant " is finally awakened. As per my previous analysis (attached below), we have been waiting for a confirmation to buy ALGO around the support 0.700 ALGO activated the buy and traded higher aggressively . This movement reminded me of FTM and how its parabolic movement started. NOW WHAT? ALGO broke above the 1.8 - 2.0 resistance zone so it is now acting as support and we will be looking for buy setups on its retest. Our next rejection / resistance area would be 2.8 - 3.0. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
22