ALGO looks strong.ALGO appears to be in a bullish ascending wedge pattern. I think a breakout from here could push us back into the $1.85 - $1.95 range.
ALGOUSD.P trade ideas
There's not much holding ALGOUSD backThe ALGOUSD all time high (ATH) is a few percent away. There's nothing really holding ALGOUSD back now except BTC. It's gonna get interesting.
Algo Bull incoming bullAlgo coming back with strong investors over 1.3billion invested in the last 24hours and huge volume coming in. Coin giving great return for investment we may see this coin head back to the $2 and possible $4. coin is sill under valued.
#Algorand #ALGO in a stable 2 day price wedge and room to grow.Algorand (ALGO) still in a stable 2 day price wedge and room to grow.
Enough free space to orange or even red resistance on the RSI .
Attention:
The OBV support (green trendline channel) should not break.
What do yo think 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
ALGORAND under $1 ?When looking at the daily chart, the current level looks like the bottom. But if we zoom out and check out the weekly chart, there is still a way to go. Will we go up from here or hit the demand zone first?
ALGO | AlgorandRed = Daily
Orange = 4hr
Yellow = 1hr
Light blue = 15min
Blue = 5min
Purple = 1min
Untested levels are marked with horizontal ray. Tested levels marked with dotted horizontal ray. Lower rays indicate area's of support and idea's to DCA into a position. Upper levels indicate area's of resistance and idea's to exit positions.
If Algo is to continue its ladder upwards it must hold the thicker 1hr level that intersects with the bottom daily trend. If it fails, I would expect it to fall off the face of the earth. There are a couple untested 1hr levels near the base point of the daily trend. FJB lets go Algo
ALGOUSD D2: 250%+ gains THE BEST Level to BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview?
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ALGOUSD D2: 250%+ gains THE BEST Level to BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: ALGOUSD D2 chart review
::: updated/revised outlook
::: overall strong chart looks good
::: BULLISH compression pattern
::: focus on buying lower later
::: final swipe lower possible/likely
::: but then expect MASSIVE GAINS
::: chart looks good /strong
::: still valid today / great setup BULLS
::: BULL FLAG setup with massive upside
::: still expecting pullback off the highs
::: get ready to BUY LOW later
::: accumulation in range previously
::: then we had 350% gains PUMP
::: we had 2 pumps already before this
::: 350% pump - pullback
::: then 350% pump and now pullback mode
::: expecting short-term pullback
::: BULLS get ready to BUY after pullback
::: TP bulls is +250% gains later
::: expecting decent gains soon
::: 20-30% pullback short-term
::: recommended strategy: BUY/HOLD after pullback
::: TP BULLS +250% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/PULLBACK
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
HEAD & SHOULDERSALGO is looking like it has bottomed with this pattern painted on the 4H time frame. From the top of this pattern we have a measured move to $1.56 and potential further upside.
ALGO above MA 50ALGO is looking to close above the 1D MA 50. Once this occurs we could see an impulse up to the cloud or even the RED resistance line in the next few candles.
Squeeze Indicator is ready to cross up, indicating more impulse.
The fib at $1.75 will provide resistance.
Good Luck
ALGOUSD - ALGORAND - Bullish falling wedge breakout- updatedALGOUSD - ALGORAND - Bullish falling wedge breakout- updated.
ALGOUSD - ALGORAND - Bullish falling wedgeALGOUSD - ALGORAND - Bullish falling wedge, breakout incoming?
Algo, the short-long term predictionThis is mostly for personal reference, but I'm publishing it here for others to see and critique. I firmly believe algo will be in the Top 3 MC by 2023.
Falling Wedge Breakout with Two Instances of Bullish DivergenceIf we can confidently break above the 50 line on the RSI we may see Algo go up to test near the old highs.
Algo Failing To Recapture 200 Day MAAlgo is currently fighting to recapture the 200 day MA as well as the .618 fib level. If it doesnt manage to break above both then we could see a drop to the .786 fib level around 1.10. I would wait to take a long position until their is a convincing break above the .618 fib level and 200 day MA.
ALGOUSD - Bullish idea on the daily timeframeHello traders and investors,
Today we have looked at the ALGO / USD pair. Assuming that 2020 March low is the beginning of a primary cycle (purple) and that 2021 February high is the beginning of extension in primary wave 3 (hence intermediate blue wave 1), I can only be extremely bullish that we are in a 1-2-1-2-1-2 pattern that is unfolding towards new (incredible) high.
Looking at possible targets, I see a confluence of Fibonacci for primary pink 3 (2.618) and possible ends of intermediate blue wave 5 (200%).
This is a bullish idea that still needs to unfold in the next couple months.
What's your target?
ALGOUSD LONGWe recommend to take a long position as the price is currently at the lower boundary of the Keltner Channel. Moreover current market conditions are favouring bulls and we expect it to bounce towards the previous support which should be act as a resistance.
Entry and target are shown in the chart.
No financial advice.
Algorand (Algo) - Gearing Up for Something Big.Hi everyone,
Algorand is a promising project with a great team. The chart also looks fantastic, being in a very pronounced uptrend since around April 2020. This uptrend has involved previous resistance being turned into support, something which I believe is happening now. Due to the promising nature of the project and it's having a very modest market cap of $8 billion (lol), I believe that Algorand will go much higher. How much higher is difficult to say, but assuming a total crypto market cap of between 6-12 trillion $ by the end of this bull market, and assuming that Algorand continues to gain market share relative to its peers in the top 20 (from projects like litecoin, cro, and xrp for example), a market cap above 40 billion seems exceedingly likely, and thus an Algo above $5. Watch this space.
Take care everyone and happy holidays!
Jason
ALGO LongtermI use history to help guide my buys. Picture tells the story, this drop is no surprise, institutions taking large profits after 1 year. Can still go lower, but could bounce if enough Pleb interest. I suspect a January drop after interest is paid on governance, IMO.
Stay well! Happy wealth, family and prosperity!
MY BET IS ON THE ABC RED ARROW TRAJECTORYMy bet is on the abc correction in red, but an alternative abcde blue arrow trajectory has been drawn out as well. My previous symmetrical triangle was invalidated as a continuation pattern and turned into a bull flag, which I expected due to the teetering and trouble at resistance, I"m open for feedback, thoughts etc..
Strong Uptrend from Powell and his Talk today!Many were wondering what the catalyst would be to help propel us out of the crypto slump and though the higher level timeframes depict bearishness across the board, such as the Weekly and Monthly timeframes on most Cryptocurrencies, we are due for one last Santa Clause Rally. During the day earlier today, the Fed talk caused a precipitous drop in the VIX and it's ETF Derivative Investments such as UVXY and a Rally in Equities and Cryptocurrencies.
This has left many currencies, including Algo propped up by strong support levels, consolidating and ready for the next leg up!
As you can see in my shorter term chart, Algo has consolidated just above the 200 SMA into a sideways symmetrical triangle and has obeyed the strongest Fibonacci Level, which is .236 or 23.6% (the shallowest correction in terms of fib ratios). In theory, the extension should run up to the reciprocal of the fibonacci ratio added to the bottom of the retracement, so 1/.236, which = 4.237, but I'm looking at the conservative target, assuming our breakout holds of 1.618 which is at 1.55 short term. After that I will reanalyze things.
ALGO - buying more !!In the past it has never been a bad idea to buy at these oversold levels !!
RSI around 33-34 level has many times been a good indicator.
Moreover ALGO is right above support !
AlgorandDownside targets for Algorand. Will be purchasing at 0.50 cents and below if opportunity is given. Don't predict the market react only.
