Algousd
ALGO ON FireLooks like ole Algo is finally doing what it's meant to do in the last year. We needed to break the 1.80 ceilings, and Algo done busted that thing wide open and held it. I believe we will see a small pullback and then a run-up to 3 bucks before the end of the week. My projection is a test of the previous 3.33 level. I expect Algo won't be seeing >1.10 again for a while. Right now I don't have an exit point for Algo, I'm going to let it ride all the way to the moon.
I'm just an idiot with a crayon. My opinion is just that an opinion this is not trading advice. COINBASE:ALGOUSD
#algo #Algorand
Algorand (ALGO)Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020
the legand ALGO!!!ALGO is lagend now. i published the previous idea at $1.18 and now it is $1.69. we completed a tea-cup formation and already made %45 profit.
Is it end?
There is a another huge tea-cup formation. If we can break out the $1.80 resistance, I will be bearish till $3.5, %96 profit.
But be careful and don't forget stop-loss
Dont lose your hard-earn money easily.
ALGOUSD is it right time to exit ?Hi, if you are following me you must have seen yesterday i shared algousd analysis in which i market the area where you can take entry
you can see after restest we took entries in algo and now we closed all our positions now we will wait for best point to enter again
Don't force trades just wait
33%+ Profits is better than nothing you can see only algo recovered that well because second leg was on the cards as e predicted
Enjoy profits and give yourself a treat and remember me as well hahhaah just kidding
Like and comment below if you took a trade and share you experiences with me because when someone earn from my analysis it makes me happy
Symmetrical triangle in Algorand* Algorand in 3H time frame forms Symmetrical triangle.
* Symmetrical triangle occurs when the price consolidates between two trend-lines slightly sloping towards each other, the price is squeezed till it breaks the either side of the pattern.
* Here the Descending trend-line works as resistance and the ascending trend-line works as support.
* Breakout on the either side of the pattern will give a healthy move.
MY MINIMALIST CHART ANALYSIS 9.6.21
Indicated are key levels of support and resistance using small and large range boxes.
Watch out for patterns, EMA, 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 should not be taken as investment advice.
Algo making another attempt to break the triple bottom necklineNot yet fully confident we will close the current candle above the neckline when looking just to the left we can see we’ve already had a few wicks pierce it but no body closes above the grey neckline just yet. Would not surprise me if the current candle will be the one we finally get a candle body close above the neckline on but will leave this neutral now until I have more confirmation to go by. If it follows Ethereum,’s lead here it likely will close some candle bodies above the neckline sooner rather than later. If it does confirm a breakout it looks like we have a target of around 1.60-1.70 *not financial advice*
ALGO 90day outlookThis is looking like a positive bid for coming quarter. purple channel likely to break up and mark higher given how long this has been consolidating with the rest of the market and overal shift to bullish since the 20th of july.
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Algo explosion by end of OctoberThe last time the weekly RSI was at these levels there was a massive move upward (486%) in the following 4-5 weeks. If we see the same result as last time, algo could move as high as $5.90 (unrealistic in my opinion) or at least $2.50s. With goverance happening in October, I don't see a scenario where algo doesn't move up, and quick.
Local Bottoms and Local TopsWithout fail, Algorand has stuck to this pattern for over 7 months now. Roughly every 30 days is a local bottom. The most recent doesn't seem like a bottom because on the chart it is in the same range algo had been bound to for quite awhile.
My target for the next local top, meaning within the next 18-25 days, is in yellow.
ALGO: Clear for TakeOffAlgo moving on high volatility with upward trajectory on all time scales examined. Easily tradeable today on 1-5% margins as it heads towards $1.45 (95% confidence intervals).
Best regards and happy trading,
Dr. Nick2Keul