ALGOUSD.P trade ideas
ALGO to remain in correction phase above $1.75The Algorand price analysis shows that the ALGO/USD is correcting today. A decrease in price has been observed as bears are ruling the charts today. ALGO remained bullish for the last four days, and the price uplifted during that time but to a limited extent. Overall, ALGO has been following a wave pattern for more than a month and has been unable to break above the $2.3 level. Only one high swing was observed during the past weeks when ALGO went as high as $2.05 on 25th October, followed by a reversal of the same even higher magnitude when ALGO stooped down to $1.79 on 27th October. Since then, the price oscillation has been small.
Targetting 3USD- consolidated for 1,5month
- slowly upward sloping price
- flipping 2USD zone as support will open the upward potential
- 1.236 extension of summer run-up
- btc pair rolls/rolled over
ALGO - Critical Times!Hello everyone, if you like the idea, do not forget to support with a like and follow.
After breaking the orange resistance, ALGO has been stuck inside a range in the shape of a symmetrical triangle highlighted in purple.
For the bulls to take over, we need to see a break above the upper bound 2.13 marked in blue.
In this case, a bullish trend continuation would be expected till 3.0
In parallel, for the bears to take over, we need a break below the lower bound 1.55 marked in red.
In this case, a bearish reversal would be expected till around 1.0 where we will be looking for buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ALGO - potential double zigzagLikely we will get a complication of the corrective pattern. If price breaks lower it will target fe100 level for the wave Y of a wxy pattern.
That will be a perfect buy zone
ALGOUSDT - Another leg up coming.Algo since breaking above the corrective downtrend has been consolidating in the form of this bullish pennant, the range is tightening and coiling up for a breakout, we are waiting for a entry confirmation on the 4hr timeframe before we can position ourselves for this possible continuation move.
ALGO long$ALGO seems to have formed a nice ascending channel in the last month. Looks like a great buy with a nice 20% upside potential! Good luck :-)
Algorand to 3.5 before over 20! Cup and handle formation . technology is solid. Could see 3.5 and than 20 in months. Good luck!
ALGO SOOOON!Looking for a potential breakout trade here! Stop nestled around the 1.49 area. You don't want to set stop too high.. Nothing worse then getting stopped out
Algorand Cup & Handle (Monthly Chart)Check out the 5 Minute Chart for a more detailed view. But the Handle on the Monthly chart is looking extremely bullish overall which make this a good area to load up and scalp a profit on the anticipated breakout to the upside of the Handle. Question is will the ceiling become the floor or will it rally and then retrace the breakout level...?
Sharp RetestThe price spiked down to my previously drawn ascending triangle. Immediate bounce from the exact line. This means we are retesting previous resistance as significant support. I believe things get highly volatile (as they are now) before significant moves. Being that we are in a bull trend I am betting Algo is going much higher from these levels. A close of a 4 hr candle below this support will cause me to revisit my conviction.
ALGO fake breakoutALGO has given a fake break out signal over the last days, as stated in my previous idea this was a possibility, since markets never gives you what you want straight away.
Plan doesn't change, I'm adjusting the possible timeline for ALGO to remain in it's triangle while BTC will be consolidating.
I would see anything at or under 1.65$ to be a big buy opportunity going into the end of the year.
No panic, let the market do what he wants.
Algorand (ALGO) - October 27Hello?
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(ALGOUSD 1W Chart) - Mid-Long-Term Perspective
Above 0.76754798 point: uptrend expected to continue
(1D chart)
First resistance section: near point 2.30117362
Second resistance section: 2.84473154-3.02591751
Support section: 1.57642973-1.75761570
If the price holds above the 1.97455023 point, I would expect a move to break above the first resistance level.
If the price declines from the 1.65442767 point, it may touch the support zone, so trade cautiously.
A move from the support area could lead to a move near the 1.21405778 point, requiring a short-term Stop Loss.
However, if support is found near the 1.35658321 point, it is expected to rise to the support section, so countermeasures should be considered.
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(ALGOBTC 1W Chart) - Mid- to long-term perspective
6469 Satoshi point or higher: Expected to create a new wave.
(1D chart)
First resistance section: near the 4309 Satoshi point
Second resistance section: near the 6469 Satoshi point
Support section: 2452 Satoshi-2886 Satoshi section
We need to see if we can find support in the support zone and move up to the first resistance zone.
In the medium to long term and in the short term, the 2886 Satoshi point or higher is considered to be a jumping-off section for rising.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
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(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
Buy opportunity ALGO/USDTHi there,
I have my eye on this buy opportunity.
I think the resistance has broken at 1.99. Also, I think the consolidation is no longer valid because the price has broken out.
In these situations, I wait for the retest on the support/resistance area. The only thing I miss is the confirmation of the Fibonacci. This makes the trade riskier.
In addition, a similar outbreak could also be a trap to screw people who go long. Therefore, always do your own research and use good risk management.
Will Algo reach the ATH?Algorand, created a bullish flag. Looks like is forming a cup. A handle might still form. Will it reach the ATH?
Crypto ALGOUSD (Bullish Breakout is in the making)View on Crypto ALGOUSDT (17 Oct 2021)
There are buzz around network coins and ALGO shall be the one that follow Solana footstep.
$1.5 region is a strong support session and $2 will be a strong resistant.
Once $2 is broken up $2.4~$2.5 will be a strong resistant.
Let's see.
DYODD, all the best and read the disclaimer too.
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ALGO Wedge transforming into an uptrend channelThe top of the wedge was indicating a 1.94 resistance level which we have broken through today with good volume. The MACD looks poised to make a go at holding that 1.94 as support now. I would look for support at the 1.92 level and then the 1.78 level below. There will be resistance at the 2.07 level and the 2.12 levels above.
MY NOT SO MINIMALIST ANALYSIS OF ALGORAND$ALGO
10.25.21
1931H +8 SINGAPORE
ALERT: About time for $ALGO to PUSH UPWARDS.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur, while the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and even if you wish to hold longer for a CONSERVATIVE MAXIMUM TARGET AREA OF VALUE (Depending on, if the conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS.
Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, and especially your Fibs, Market Dynamics, and trading psychology.
The above-mentioned is sufficient enough as a major deciding factor for this MINIMALIST CHART.
Note: That This CHART is best used without indicators. (As we all know, they lag.)
ALGORAND about to BLAST OFF!!!!!Algorand has built a BULLISH base and holding the base breakout and consolidating BUT looks like it is ready to blast off.Bollinger band contraction supports a big move in the cards and the upside trend favoured currently rather than it dropping. Interesting chart setup!!!
ALGOUSD ANALYSISIn this chart we are currently being pushed up and down at the same time, slowly approaching a decision point for the pair. I think a bullish breakout has better chances of happening although both breakouts are possible.
We have a similar target for both, targeting the start of this triangle trend, there are alot of possible entries in this one so pick the one that best suits your trading style.
Algorand ($ALGO) New FIBAlgorand ($ALGO) New FIB: If $ALGO can close and confirm in the FIB above, $ALGO will start its BULL-run @ $1.97 Currently $ALGO trading sideways, BB squeezing tight, RSI in the Goldilocks zone and MACD BULL-ish cross over. $ALGO looks primed to 🚀🚀🚀
Confirmed #Algorand goes longAfter weeks of consolidation and a confirmation of
a breakout on the top trend line in a symmetrical
triangle... Along with upwards momentum shown
below on the MACD I believe the next week will be
very bullish for $ALGO. Even a retest of 2.50$ ATH
price level is within reason.
Additionally "Governance" on Algorand's blockchain
currently has 1.88 billion $ALGO essentially being
locked away from the circulating supply for high
rewards until the New Year.
If $BTC stays the course or even falls a bit in price
$AGLO will be making some drastic moves. First
profit level I anticipate is 2.10 then a sharp move
upwards to 2.40 followed by a retest of the 2.5ATH
Getting in under 2$ mark will make for some nice
profits in the short term and in the long term the
staking and governance rewards will have many
traders coming back as return customers on this
blue chip alt.
-Cheers!
ALGO impulsive move ahead ? ALGO had a strong breakout in early September and has been since in consolidation above the 1.5$ area.
Prices are in compression days after days and could well go for another impulsive move up.
I would wait for the MACD to go green and the upper BB to open before catching up a move as a fake signal could be given.
This on is to be follow, we could anticipate and give a small percentage on a buy in case it pop.
