⚡️ #ALGO/USDT - Potential 40% ⚡️⚡️ #ALGO/USDT - Potential 40% ⚡️ Entry Criteria: - Bullish Divergence - Local Support & Consolidation - Added To Kraken Futures News Source twitter.com Entry: 0.2796 - 0.3 TP1: 0.324 TP2: 0.3523 TP3: 0.3971 SL: 0.27 or HOLDLongby Kryptochristian3312
ALGORAND - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Left Chart ALGO is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes. H4: Right Chart ALGO formed a valid channel in red but it is not ready to go yet. For the bulls to take over, we need a break above the previous high. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, ALGO can still trade lower inside the blue support zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~RichLongby TheSignalyst131324
The Future is Bright for AlgorandFinally hitting my price target. Great time to buy some discounted Algorand. Will be buying weekly to get my average price in the $.50 range. If price can hold this area of support we could see ALGO setup for a fantastic bull run in 2023-2024. Good luck all!Longby Pyrat82Updated 10
ALGO/USDT - Potential Short ScenarioHello Traders! ALGO price continues to move within the descending trend completing the previous market cycle. The culmination of the falling phase will be an aggressive downward exit of the price under the support level of $0.25 Medium-term purchases can be considered at $0.1440 - $0.1900. The targets of such purchases will be price levels of $0.25 and $0.36 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice Shortby UnknownUnicorn10064030116
$ALGO at key levelThe point of control level is $0.3005 very significant. Dating back to Algorand 's inception, this has been a key level of resistance/support. ALGO stopped nearly to the penny on the volume shelf at the bottom and bounced off it multiple times. Previously it was resistance, now it seems to have become support. ALGO seems to be running out of sellers. Soon the bulls will take control. Targeting the $0.5380 level which would be a 50% return and the VWAP from the most recent high at $1.0172 would be a nearly 200% gain. Algorand is green, efficient, and has extremely low gas fees (I believe it's $.001 please correct me if I'm mistaken). Longby EBITDAtiger226
SHORT ALGO- Back to 25 CENTS price action on algo along with the rest of the market has solid signs of bearish consolidation a retest of 25 cents lines up with the pervious historical support back in the 2020 bullish impulse Shortby Olutobi-Ogunsemore5
ALGO, along the uptrend line.The following content is machine translation: In the 4-hour chart, it rebounded from May 12 and stepped back. It stopped falling on May 29, and then started to oscillate upward. On the way, the low point of the callback continued to rise, forming an upward trend line, but it formed resistance at the price of 0.42. The second time around 0.42 was suppressed and fell back. It fell to the rising trend line yesterday, stopped falling and rebounded. Now it has reached around 0.42 again. If the resistance level of 0.42 cannot be effectively broken here, there is a high probability that it will step back to the vicinity of the rising trend line. The fast and slow line of the macd indicator is above the zero axis with a golden cross, indicating a bullish trend. The RSI indicator has also recently shuttled up and down the neutral 50, and is currently above 50, a bullish range. Summary: If the 4-hour k-line breaks through and closes above 0.42, there is a high probability of seeing the resistance near 0.45. If it cannot break through, it will look down and step back near the trend line. When it reaches the trend line, a low, long, and short line can be made.by LochubT336
POSSIBLE $ALGO BULLISH SCENARIO$algo has reached significant support area and might give nice LONG trade if given the right context, and of course if $BTC keeps trending sideways, or forms an uptrend. Longby naurisgliebus116
Algo Obvious patterns!Here is a update analysis on Algo. We about to see algo move up trend in the next few weeks. All blue arrows shows how long you should be holding algo for to profit. Algo have potential of hitting over $3 Rsi looks similar from all its previous lows. Make sure you do your own research before buying.by CryptoWhale100Billion449
ALGO/USD 15m pair is a never fail kind of tradeNot intended to be a piece of financial advice. Playing ALGO/USD at 15m timeframe and following the swing based on TA looks promisingly fail-proof. Not saying it won't lose a trade but has rarely done so. Why do guesswork or tinker about what goes up and what goes down? When emotions are out, the trade pattern with ALGO becomes stress-free. It's my experience. Why worry about what the world is up to? Anyone can manage their risk if swing timings are calculated based on the concurrent situation on the play. ALGO seems to follow the crypto king BTC similarly to most of the alt-coins do. Still, a 15m setup in auto-pilot or as in alert basis can be managed to work in favor. When the markets are bleeding, the swing tones can mostly be an opportunity. I always tend to benefit from those. How about you?by coreSATS113
$ALGO 4HR Chart with Fib. Retracement.Looks like current resistance is at $0.44 while support is at $0.33.by jlayfield854
ALGOUSD ❕ bullish sentimentAlgorand has fixed itself above the liquidity zone. Trading volumes remain stable. Price is above 50, 100 and 200MA on 30m timeframe. The 100MA has broken up the 200MA on the 30m Timeframe. I expect ALGO to continue rising after fixing above the resistance level.Longby Solldy5514
Algo Bull incomingAlgo just increase its stake reward on coinbase the highest earner rewards. Massive buying volume have already started Algo stake reward payout daily and higher then most other coins atm. Coin have potential moving up in the next few days. Algo reach its low at .35cent and pulled back .10 which is very low. The RSI have shown double bottom inverse.by CryptoWhale100Billion118
ALGOUSD: Hidden Bullish Divergence at an .886 Visible on WeeklyWe have a Bullish Shark Here and if it plays out we could first see a rally to the 1.13 Extension above and as high as the 1.618 Extension AboveLongby RizeSenpai2211
signs of a local bottom have formedbroadening wedge with an inverted head and shoulders with a neat descending volume profile showing lack of momentum and trapped traders on those pushes down within the shoulders and head. The measured move from the height of this head puts us around 51 cents which also happens to intersect the 30 min ema 200 and the top of our broadening wedge which should give resistance again Longby thecardiak117
Inverted head and shoulders bottom pattern breakoutWe've bottomed out and formed an inverted head and shoulders. Showing lack of momentum to the downside and trapped shorts with a perfect volume profile as well. Target should take us to the $0.51 region to test our 200 ema as well. Longby thecardiak2
ALGOUSD great entry pointPeople talk about dips like these for months or even years and then never take the opportunity to buy the dip. It's here, come get it.Longby swilton6
ALGORAND; ALGOIn search of support... Seem's like this bad boy doesn't want to brake yet. The mudslide of BTC clearly is not helping either. by WampumSeeker2
ALGOGUSD (Long Term Buy?) Scaling InScaling in to obtain best asset prices: We are looking to acquire assets to hold long term as the markets are selling off and the SPX and ES breaking through the 4,000 level while the DXY may test new highs. We do this by scaling in slowly to obtain an attractive weighted average price in selected cryptos. For this to work, you need to be VERY TIGHT in your entries and sizes, and not chase the markets. One of the assets we are looking to acquire is Algorand (ALGOUSD) which from their website, is "the world's most decentralized, scalable, and secure blockchain infrastructure, that is capable of powering anything from decentralized finance to generative NFT art, powering future economic models." Reminders: 1) Unless you are selling puts, it is more difficult to protect yourself from the downside in cryptos and create a margin of safety by selling DOTM puts on lower strikes for protection. 2) Cryptos are more risky therefore portfolio allocation and trade sizes are of critical importance. Levels where we are looking to buy. We are looking make small purchases in the 25 to 50 cent area as it's a great price range for a long term hold. If you buy in the 50-69 cent range, it's a good but not as great. Anything above 69 cents, you are starting to chase as our min sell target is $1.85 No matter what the SPX ES and DXY do, we are looking to purchase ALGOUSD at levels that have attractive risk to reward ratios, where slow scaling in with a long term hold make sense. At the low end, if we risk $0.25 to make $1.60 (eg 1.85 - 0.25 = 1.60) or over a 5x return. At the mid level, we risk $0.50 to make $1.50 a 3x return. * If you are not willing to scale in small amount of money for a very long time minimum 3-7 years here don't do this trade. Hope it helps Marc Long03:09by PowerIndicators4415
This Chart Pattern Calls for Algorand $1.00 TargetThe technical chart suggests that Algorand (ALGO) has the potential to tag the $1.00 milestone again. The downswings since February 8 can be confined within a descending channel, with the swings getting shorter in magnitude and the momentum drying out. Algorand Descending Channel After reaching the lower support trendline, the ALGO price bounced, and we're now looking for a possible retest of the upper resistance trendline, which falls near the $1.00 psychological level. The current bounce is also supported by the RSI oscillator, which broke above the 50 mid-level. The last time the RSI broke above the 50 mid-level on March 21, ALGO's price retested the upper resistance trendline. The pattern, if confirmed, could set off a much larger rally in the coming months. However, for a meaningful reversal, we would need a daily break and close above the descending channel but, more importantly, above $1.00. We also have a massive bullish divergence between the price and the RSI oscillator, which highlights the exhaustion of selling pressure. This is a significant price development because it has the potential to call for a potential bullish reversal. Looking forward: We have to keep in mind that the overall trend is bearish as we're still trading below the 200-day simple moving average, and in terms of the price structure, we are still following a bearish path. However, we might be in the process of a reversal if the pattern highlighted above is triggered. by cryptohopper2
ALGO made HHHL; either 0.68 holds or D.Bottom at 0.54?ALGO is one of the rare cryptos still making a HHHL it is now making a rising wedge. 0.68 must hold or else it will risk going back down to retest previous bottom at 0.54. Holding 0.68 may see next resistances at 0.80, 0.90 & the 1.00 to 1.03 zone. See chart for possible movements. Not trading adviceLongby xtremerider82
Algo Crypto Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutionsby Sunstorminvest1
ALGO NEUTRAL - Leaning ShortAlgo held up well with BTC flopping. But still looks to be in a bearish formation. I hope it kicks off the 4 hour and starts climbing again. But short is the most likely scenario. Good luck!by TexasFirefighter1