algo looks goodIt broke a key resistance on the 1 hour and is gaining support on an ascending triangle right now. its next resistance is .80$ that is current take profit or until it loses upwards momentum.
ALGOUSD.P trade ideas
Breaking up is hard to do.
Any thoughts?
Which way will we break when we get there?
Let me know.
I think we break up because I choose to believe we will. :)
Algo been doing it's own thing. Hard to be positive on much of anything these days.
Come on, man. Can't we have a little fun?
Algo 5-5-22Algo bullish H&S pattern making move higher up into our parallel channel!
-sorry chart was done on my phone if sizing is outa wack
- btc is about to make another leg up as well, be ready traders!
#ALGORAND,#ALGO at a make or break area.KEY Price inflection point for ALGO/USD. FED tonight as well, so shall be very interesting for all asset classes.
ALGO Long: Update My initial thought was about .65 pivot after the last correction but overthinking and a busy day with errands blindsided me into hoping for a drop even lower, therefore I did not open an order and missed a chance to make a sweet little profit as it did move from .65 to about .69 before a tiny retrace back into the .67s.
The volume is very very steady at a normal pace, not much volatility and seems to trend upward within the channels I've drawn. Buying pressure is winning here and I did go in during this last retrace, albeit a mini retrace and plan on longing until the next target which I have at about .77.
Keeping my stop loss tight as I don't want to lose profit I gained from the long I opened yesterday morning and closed after the run proceeding FIFA news.
If I see price action fall into the support level under the trend line I've outlined, I will look for an exit.
I'm learning TA on my own by reading books, watching videos and trial and error.
If you like my thought or are more experienced and think I'm on the right track, please hit "agree".
Thanks!
Winter is comingThe recent pump from FIFA was nice, but the market is not going to support this. ALGO is the coin, but there are realities to be reckoned with. I DCA, buy the dips, it all works out well. Good health and fortune to you!
ALGOUSD on a strong bullish streak but not a Buy Opportunity yetAlgorand (ALGOUSD) has completed a strong 3 day bullish streak coming close to the 1D MA50 (blue trend-line) again for the first time since the first week of April. Despite this green short-ter display, it is not a buy opportunity yet, as on the medium-term it remains within a Channel Down (dashed lines) and on the long-term it has broken below the Channel Up.
A buy signal will be given, when the price breaks above not just the 1D MA50 but also the Lower Highs trend-line (top) of the Channel Down. This Channel can be seen better on the linear scale:
On the long-term, which will be the safest trade, ALGO will turn into a confirmed buy once the price breaks not just above the 1D MA200 (orange trend-line) but also the 1W MACD makes a Bullish Cross. As you see, the last two MACD Bullish Crosses, have resulted in strong rallies within a 2-year time-frames.
Until those medium and long-term conditions are met, Algorand can be moving lower and lower in accordance to the lower Fibonacci extensions shown on the chart.
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ALGO 5-3--22buy on the pullback? btc could ruin this but also a good chance of algo moving to the upside of the channel!
ALGO Uptrend BounceI think based on the support levels, trend lines, 200 day & 14 day MAs and fib levels
we will see an upward click back up toward last nights highs and beyond. After stopping out of my position just before the earlier correction dump, I am averaging back in slowly with SL in place in the event this does not confirm.
I am only creating / publishing for my own learning journey and in no way would want anybody to follow my advice given that I am not a professional or licensed trader.
ALGOUSD ❕ Algorand's partnership with FIFAThe correction after the growth happens on lower volumes.
The 100MA crosses upward of the 200MA on the 30m Timeframe.
I expect a fixation above the support level before the continuation of growth.
AlgorandAlgorand has today come forth with huge news of a fifa deal that will give them huge exposure and an opportunity to govern FIFA's crypto development strategy. Interested to see how this plays out.
Bullish Divergence on Algo#Algo is getting ready for a bigger move and forming bullish Divergence on weekly timeframe is a confirmation for the same
Algo 4-27-22Algorand divergence creating a possible bullish step-up back into parallel channel, this will most likely happen when our daily stoch rsi is back on the up and up in the next few days.
Referenced below is algorands divergences that have played out in the past. Still bullish on algo, just a long winter!
Algo 4-25-22 Divergence Indicators Long story short, Algo has shown previous runs on the daily in which we have seen massive divergence followed by a convergence before our next bullish run. Could this be the beginning on the next leg up?
Algo reverse bullish flagAlgo is currently forming a flag pattern or a parallel channel, either way we seem to have a nice setup for some crypto dips to scoop up!
Algorand Price Prediction 2022Look when we broke that downtrend first time, went from 0.80 to 2.75, this time we may reach around $4
ALGO 4-20-22Chart is very self explanatory, i am personally buying this trade setup. my target buy zone is between .71 and .75, target price as followed 50% sold at tp1, 25% sold at tp2, and 25% sold at tp3 or ultra sell zone depending how btc affects our price action. shares bought- 15,000, profits to be expected 650$-2500$, trade setup is to only be applied over the next 50 or 60 hours. good luck traders!
AlgorandAlgorand Technical analysis basically on elliott waves Principles and Priceaction Strategy
Algo can be grow to 5$
Wait and watch.
Algo is supremely BULLISHALGO is ready to start, do not miss this extremely bullish move. Get ready for 300% returns.
Picture Perfect Bullish $ALGO Monthly ChartWe all know Algorand has best-in-class fundamentals. The DeFi ecosystem is flourishing, with accelerating TVL growth.
There are several Algorand launchpads coming online soon, which will help to further streamline and accelerate project launches and TVL growth.
Algorand Governance participation is super strong with around 4 B $ALGO committed, which is around 59% of $ALGO circulating supply.
The Algorand Foundation, led by Staci Warden, is stepping up its marketing game - kicking off its new aggressive marketing strategy with a bold Earth Day event in Times Square NYC.
The stage is set, and the charts are confirming the fundamentals. $ALGO is currently bouncing off the bottom of a multi-year bullish rising channel with technical indicators in highly oversold regions.
I expect this next leg up to break out of the upper channel for a parabolic price discovery move to normalize as the premier top-tier L1 blockchain.
Algorand Summer may turn into an Algorand Heat Wave!
I like Algo right nowI'm bullish on Algo, I like the coin's fundamentals and its at a discount right now.
