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ALGOUSD.P trade ideas

Triangles This Time! $ALGOPeople are irrational! Super, duper irrational! Like, ok, I'm pretty sure our Algorand coins are going to be worth quite a bit of $ in the future, right? I mean like at least double at some point, almost guaranteed. Right now it looks like "the market agrees," but there will be specific time intervals where that definitely isn't the case. The end is nigh! Abandon all hope! Until a whale steps in and is like, "nah, here's a rug for u bro ." So these intervals! These time periods of bullish and bearish sentiment! I've got four of these weird triangles plotted out that correlate to the price action for given periods. I chose most of my points of off "best fit" criteria, but I'm not applying a great deal of in-depth statistical analysis. I think the edge here is that a lot of the market maybe isn't either, so we get to see the prices reflect the imperfection of man on a more granular scale. Anyway- for my specific strategy for this time period, I've got a spread of buys that I adjust accordingly on the intersection points between the bullish and bearish sentiment flags. Since I'm buying/selling more than I intend to own long term, I've also got a spread of sells that correlate to my "Excite" and "Euphoric" price points, but I'm also sending some portion to my Algo wallet at regular intervals as the market churns. 6% APY for just... nothing? No coding, no staking, no gas, just more coins on the thing for the thing? On the crossover points: when determining the validity of these intersections, I also consider whether or not they already lie on preexisting "psychological barriers." If I don't have to adjust a flag for it to have already conformed to a psychological number (n.0000), then it's an indicator to me that the given price will be accurate. The last chart I drew had a few of these, and it was interesting to see the price movement as they approached. I postulated about the cause of this correlation and can only theorize that it's related to that vacuous thing I said before about granularity and people brains. Whatever anyway here's some colors. I'm probably not doing this right. If you aren't helping me, you aren't being helpful.
COINBASE:ALGOUSDLong
by pleasesendhel
6
ALGO - You Decide => We Follow!ALGO is currently stuck inside this green range. NOW WHAT? Here are the two scenarios where I will be looking for high probability buy setups: I call them War Zones. Scenario 1 - Purple : (Lower Zone Retest - 0.900) I will be waiting for ALGO to retest the lower bound of the range (projection in red) to look for buy setups on lower timeframes. Scenario 2 - Orange : (Upper Zone Break & Retest - 1.900) Or if ALGO breaks above the upper bound of the range (projection in blue), then I will be looking for buy setups on its retest. As per my trading style: As ALGO approaches one of the circles, (orange or purple) 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:ALGOUSD
by TheSignalyst
44
Update on AlgorandHey Guys, just a quick update on a new idea and price targets. We have a potential cup an handle forming waiting to see if the ascending triangle on the hourly chart breaks out to the $1.8 spot (Only speculation at this point that it will form). If the cup and handle pattern forms the breakout will be at approx. $3.75. Cup and handle formations don't always reach the target spot on, sometimes higher other times lower than target. Overall thoughts are the 5th Elliot wave target will be reached 10 days before the end of financial year as institutions will sell off their crypto (Mostly bitcoin and Ethereum , affecting overall market), to balance out their spreadsheets (makes the company look good for shareholders). I've drawn up 5 targets which I think are possible goals for Algorand. Let me know your thoughts, Thanks
BINANCE:ALGOUSD
by dp4379
3
$ALGO Continues the Slow & Steady Path to $2*THIS IS NOT FINANCIAL ADVICE* Besides the fact that ALGO has real uses, and is backed by a solid team, it's ALT season so most things don't matter. As you can see from my chart (and previous chart) ALGO is on a steady climb to its resistance zone in the $1.60 to $1.80 range. Afterward, I expect $2 to be the next resistance target but just like when it hit $1, it will surpass this and settle around the low $2 range. ($2 will only be a psychological resistance) By this time next week, ALGO will reach the top of its accumulation zone and begin retesting its resistance zone. As you can see in the first zone, ALGO hit resistance 3x before cross it on its 4th. Overall, I expect ALGO to stick around for a long time and will someday be worth more than $5 💎 Please let me know your thoughts on this theory, or if you have another idea in mind!
COINBASE:ALGOUSDLong
by CruiserSpentIt
2
BTC CRV ALGOUSD Technical Analysis & Predictions 5/5/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade (long or short) any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission. *Follow me for the latest cryptocurrency analyses on my watchlist *Thank you to those who donated, I very much appreciate it. *Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
COINBASE:ALGOUSD
by CryptoRush_
ALGO RE-ENTERING ITS CHANNEL ?? Hello all, we have had our eye on ALGO for a long time now (March) and have my fingers crossed for its progress. As we can see looking at the chart, ALGO is re-entering into its previous up trend which may experience some turbulence getting into it. We could see ALGO push straight through or it may find support before pushing up. TP 1 : $1.56 TP 2 : $1.74 TP 3 : $2.22 As always do your own research on trades we are good but can't predict the future. Make sure to comment your thoughts, like and follow for more content !!
KRAKEN:ALGOUSDLong
by Invest_XY
5
ALGO Update and Price PredictionHey guys, looking at the chart I'm quite confident we have finished the 4th leg of the Elliot wave now, and have had a running flat ABC correction. With this in mind, where do we go from here for the 5th leg? Well in my opinion a not so greedy price prediction for the 5th wave would be in the $2.5 - $3 range. This would complete either the 1.618% inverse fib extension or the 61.8% combination of both wave 1+3. However for those who want to take a bit more risk we could have a impulse extension wave which would put the price beyond this. ($3-$5 range at a guess based on Fibonacci extensions). There is going to be a re-structure of the ALGO stake distribution towards the end of this year to a new governance system which will require locking up ALGO for stake rewards. This might effect price when approaching the end of the year (positive or negative), so keep an eye out. However the sentiment is bullish still and the 5th wave is yet to complete. Thanks.
BINANCE:ALGOUSD
by dp4379