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ALGO Perpetual Futures Contract

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ALGOUSD.P trade ideas

ALGO - Purple War Zone! Update!As per my last analysis (attached below), we were waiting for ALGO to approach our lower green zone to look for buy setups OR break the upper green zone to look for buy setups on its retest. ALGO followed the first Scenario and now sitting around the lower green zone. so here is my updated Trading Plan: Scenario 1 - Purple : (Lower Green Zone - 0.900) Since ALGO is sitting around the lower green zone and round number 1.0, I will be looking for buy setups now. Scenario 2 - Red : (Lower Blue Zone - 0.500) Or if ALGO breaks below the green zone, then I will be looking for buy setups as it approaches the lower blue zone. As per my trading style: As ALGO approaches one of the circles, (purple or red) I will be looking for reversal buy setups (like a double bottom pattern, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. What do you think? Which scenario is more likely to happen? All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
34
ALGO/USD Possible Bullish Bat PatternTaking a look at ALGO/USD, it looks to be completing the C wave of a Bullish Bat Patten. Normally, I don't necessarily like to trade harmonic patterns, gartleys, or bats in the crypto market. It is a good tool for really technical traders who want to find a spot-on target. However, the crypto market is too volatile to expect such things. So I tend to stay away from them and look for mid-long term trends, patterns. That being said, expect this bullish bat pattern to trade within a range. You can use this pattern to find an entry range towards the end of wave c, and catch point D heading back up. Furthermore, point D, the completion of this pattern, coincides with the main trend line marked yellow. I would look to enter just above this point if you are looking to get your order filled. Fibonacci Analysis: It's always nice to see the initial correction bounce off the .618 in a bull market, which ALGO did, as seen with the blue arrow. But in this case, we will just use this as a sign that ALGO is trading healthy and keep an eye out for these key fib levels. I usually like to use these key fib levels in beautiful elliot wave patterns, not necessarily bat patterns. Hidden bullish divergence: IF this pattern continues down to the yellow trend line or around that area, I would expect the RSI to achieve a lower low. This would still indicate a higher low in price. This would confirm a hidden bullish divergence. If this is true, then we could say that ALGO is in fact bullish on several levels. Conclusion: Bullish Bat pattern, bullish fib bounce, hidden bullish divergence. Great entry point around POINT D. Can take profits at previous high and above. I will stay neutral for now because I do not short. But I will say LONG at the completion of this pattern. Of course...... I could be totally wrong.
COINBASE:ALGOUSD
by NoobTraderTV
30
ALGO [Algorand][USD] - Value Entry areas & Value Target areasI've been charting the stock market since the early 2000's and I've just recently gotten into charting Cryptos over the past few weeks and I'm starting to understand the behavior patterns a bit more now. I've noticed about Cryptos are that after they make an initial spike, they'll fall back down and settle into this low level where they just hang out for days/weeks/months until it's ready to make it's next run and when it does, it just shoots up in a straight line. So there usually isn't a gradual climb. In fact, the most recent climb from the support is about as good of a gradual climb as you get before it takes off and then it may never come back to this area again. This is what I see in ALGO, based off of the recent price movements.
KRAKEN:ALGOUSD
by TraderFromTheNorth
7
The curious case for #ALGO #AlgorandSteady as she goes nice and slow right to the moon... eventually. Slow accumulation channel for the inevitable future? and I'm okay with the steady gains in fact i'm down right happy. Trending with on chart analysis, more and more folks are jumping into the passive income train through staking (ie high dividend re-drip investments). This is quickly making ALGO a go-to coin for hedging a savings account against fiat. I will be watching #Crypto Algorand's career with great interest. What do you think about COINBASE:ALGOUSD future? And dont forget the COINBASE:ALGOBTC looks just as promising! -Cheers Bruce
COINBASE:ALGOUSD
by goodluckbruce
1
Algorand Channel Identified? 👀👀👀Over the last few days I’ve been watching Algorand. Of the alt-coins out there, this is definitely one of the most promising projects you should be watching. Pure Proof of Stake rewards is a great factor to buy and hold - especially if you are utilizing the Coinbase app where a poor entry can still be profitable if you hold for an extended amount of time. More specifically to this chart, if you are an aspiring crypto day trader, this coin presents a comparatively safe bet versus other similar coins such as Cosmos (ATOM) and Tezos (XTZ). A good entry appears to be at between 1.20-1.30, with upsides regularly returning to 1.50 and even up to 1.70 if you are patient. The next few weeks may shake out a new trend, especially with Algorand’s ‘Carbon Neutral’ sentiment, where in a Post Tesla/Bitcoin split market we may see Pure proof of stake (PPoS) based currencies take over energy drainer PoW coins such as Bitcoin (BTC).
COINBASE:ALGOUSDLong
by IbexiSterlinfa
$ALGO. Looking to enter a long term position.This seems like one of the more stable investments in the crypto space to me. It's got a lot of interest, and I think a lot of bargain hunters probably have it on their radar. Will there ever be a major catalyst and we see it hit 5$? I'm not so sure, but it's good to have the attention. To me this is a pretty solid investment, and I would hope to see at least 100% return within the year. Maybe more if crypto can stay hot through the summer. Some small portion of my portfolio will probably become ALGO in the near future. Crypto has been a really off and on market until the recent bitcoin run. Is bitcoin overpriced? Last time we thought so we were dead wrong. So is it here to stay this time?
KRAKEN:ALGOUSDLong
by emehoke
2
Crypto Market crash over? BUY THE DIP!Yesterday evening, just as the crypto market day was coming to an end with some bullish momentum, an unexpected tweet from Elon Musk, CEO of Tesla and SpaceX, caused the crypto market to crash the hardest and fastest in the shortest time. This caught most investors off guard and many crypto traders have had a really bad day today. But what if I told you that I am actually closing today on a BULLISH note. My crypto portfolio has gained about 10% today. Now as hard as you think that might be or as lucky as you think I am, I am here to tell you that it really takes nothing much. I will explain it briefly but effectively below. The most important steps to gaining on any day and especially CRASHES are quiet simple, some of the most important steps are: - Diversifying your portfolio into many different crypto coins, but only coins that are known to be somewhat stable OR move in a correlation with Bitcoin. The variety of the coins you choose are up to you, but I have previously posted a few Alt coins that I trade. More to come soon! - If you are trading with or without specific budget, always make sure to keep enough extra cash to buy the dip. Buying the lows can actually help recover losses quicker and allows you to aim for higher profits overtime. - I personally believe that the following RULE is the Golden Rule and should never be broken. Most beginners do not have enough experience and do not know how to properly deal with profits. The most important thing a trader can do before investing is set a specific target they want to reach before starting. Speaking from experience, not having a specific target can ultimately make you hungrier for more, leaving you paralyzed and unable to hit the sell button, hungry for more. This can be disastrous as when the market quickly rises, a quick drop is inevitable, stay aware of your goals and follow them. - Do Not let FOMO eat you up, FOMO: Fear of missing out The very best traders always miss out on opportunities. It is very important to understand that you will not be able to grab 1% of all opportunities in the market. The most important thing to focus on is to make the most of the opportunities in life. I hope you found this helpful, a like would really be appreciated. I will not suggest following me because you should be intelligent enough to know that following me is the right choice. I post daily content on crypto and stocks !
COINBASE:ALGOUSDLong
by TraderThierry
2
LONG $ALGO - CHEAP DECENTRALIZED PROOF-OF-STACK BLOCKCHAINI really think this coin will be a game changer in the proof of stake world. Currently it only has over 0.5% of volume on Coinbase so it has a lot of room for growth, especially with the 6% APY with no stake locking. Its traded on multiple exchanges with USD on ramps and while Ethereum has problems with high fees I think this is a great alternative. People are running to crypto because of inflation and how money is controlled so I would bet people will enjoy Algorand for its fast transaction speed and great APY return. DYOR
COINBASE:ALGOUSDLong
by SeanCookie
1
Bullish Scenario for ALGOHey guys, I present the linear chart this time instead of the logarithmic just to change it up. Looking at the chart we can see we are stuck in this triangular formation touching the 100 day EMA each time (Except one outlier). We have finished wave and ABC correction on the longer time frame (Blue and yellow markings). We are looking for that longer wave 5 move which i think will follow this ABCDE breakout (Orange markings) and smaller 12345 Elliot wave pattern (Green Markings) within the triangle (Just a rough placement for E, don't take to heart). There is a small chance we revisit the lower part of the triangle after wave E however we would be nearing the end of this financial year and I'm expecting a push to the upside just before financial year end, hence i thin it's more likely to continue pushing up from wave E. Once we break the triangular formation a push up to the yearly high of approx. $1.85 (marked by pink line) would fulfil the smaller timeframe wave 3 (green). From this point it is more speculation, but we could see a retest of the triangle formation four the wave 4 of the smaller time frame Elliot wave, or we could push past this point for an extended wave 3... Targets for the 5th wave (Green and Yellow) start at $2.30 and work up to $4.80, however i'll be adjusting targets the closer we get to finishing this triangular breakout. See please don't take these to heart. Still expecting this daily Elliot wave count to finish before the end of financial year. Enjoy the staking and patience will be rewarded. Thanks
COINBASE:ALGOUSD
by dp4379
1
#ALGOUSD #ALGOUSDT ://my first crypto love... what to do wit ui could see algo dropn as low as 1.20 or runn'n up to 1.65 plus so thats means sit on my hands n maybe buy some more if she dips... remember to buy algo and stake in algo wallet u hold the keys to n earn 15 to 20 plus apy she will go hard soon so get in while she is still realitivly unknown the crypto market as a whole is cooling off but i doubt we will see redonkuless dumps at least not in quality projects. _ at least for the next bit unless we really see the market dump this week which is beciming less n less likely as people ape around with their new Millions from dog n meme money.... lets see what happens This is why I like projects that in general are always adapting, upgrading, n just generally trying to evolve with this ever advancing crypto ecosystem. As layer 2 gains momentum and gets built out_ more n more user friendly esp cross chain swaps etc etc (see clover) We look for projects that seem to keep up. By this I mean when ZKswap n matic n Binance smart chain n any other layer 2 or cheep gas solution pops up look to see what tokens or alts are getting liquidity to these trading pairs on these newer cheep to free swap eco systems. When ZKSWAP started doing its thing the first tokens you could trade in ie liquidity there to swap without massive slippage (ie loosing 5 to 90 percent on swap depending on liquidity situation and size off swap) where UNISWAP_UNI AAVE SUSHI SNX AAVE REN then we saw OKB HT MKR YFI BADGER LRC MASK DODO N WAITING ON GT CREAM ALPHA RUNE LINK BNB N MOST RECENTLY AKITA SHIB As we try to get away from alts over these next few months and more and more back to eth n btc adding to our algo ada cel swap avax aave etc bags leave and stake stuff is ideal ALGO in algo wallet being my fav SAKESWAP is trying to be a AMM DAO type futures platform on the BINANCE smart chain DOT has an event on the 19th with KSM n in general this new project called PINK NODE that is supposed to be able to help organize luiquidy and alowe these parachains to talk and work together AVAX or AVALANCH is making stable coin real world moves into the crucial under repp’d fiat on n off ramps like paypall and everything they work with n own. Look for an avax usa backed stable coin built on the avax blockchain _if not them than maybe ALGO would be my other guess. ADA or CARDONA is going to really push this next year esp next few months… there is an oracle project (LINK for ADA blockchain) called CHARLI3 or C3 _card starter or CARD is a project launch pad _OCCIM FI a fundraising and bridge to get liquidity back n forth from Ethereum and Cardano eco system. YFI and the dark wizard team is at it again with their WOOFY protocol it turns 1 YFI into 1 million woofy coins DOG meme x BLUE CHIP defi YFI n BOOM _want to look into their projects asap like Fantom wallet token etc is super interesting and I believe ties their “suite” of crypto platforms together Altcoin Season Index: Is it Altseason right now? (blockchaincenter.net) 🌈 Bitcoin Rainbow Chart (Live) - Blockchaincenter
COINBASE:ALGOUSDLong
by HustleGrindMomentum
5