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ALGO Perpetual Futures Contract

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ALGOUSD.P trade ideas

ALGO (ALGOPERP) – Long signalBUY: 1.12 – 1.18 (Wait for price to reclaim the EMAs before entering) TARGETS: 1) 1.44 2) 1.77 STOP: When a 4h candle closes below 0.98 Rationale: -The 100 and 200 EMA have acted as strong support for the duration of the uptrend. -More recently, the price has been conforming to an ascending channel. -The RSI has also been moving in a channel and is at a key support/resistance level. -If the RSI can break and hold above the channel it should also hold above the 200EMA. This is our signal to enter a long position. -The confluence with the 200EMA and RSI gives us confidence in taking a long position once the EMA is reclaimed as support. Your risk, your reward. This is not financial advice. Happy trading.
FTX:ALGOPERPLong
by ForgeTrades
Algorand (ALGO) - March 30Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also ask for the "Like" clock. Have a nice day. ---------------------------------- You should watch for any movement that deviates from the 1.35677473-1.47009413 section. If it goes down, you need to make sure you get support at 1.32179365. If you fall at the 1.18903235 point, you need a short stop loss. However, it may rise along the uptrend line, so careful trading is necessary. We'll get support at 1.47009413 and see if we can climb above 2.11836146. In the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line. --------------------------------------- (ALGOBTC 1D chart) We need to see if we get support at the 2374 Satoshi spot and see if it breaks off the downtrend line. The next volatility period is around April 7. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective. GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:ALGOUSD
by readCrypto
1
ALGOUSDT ://LONG_ big NFT and algo block chain newsalso was selected to be the blockchain for registering NFTs for art This is just one more block in the foundation for this ALGO giant. they dont pump they just build BUY algo and shoot to the algo wallet where u earn and hold ur tokens.... _snx and Sushi look strong ie doing a lot of trading on zkswap getting swaps for less than 1usd makes scalping etc a thang.... took short term play profits in REN and swithed tokens back to zks tokens _HGM T3Am
COINBASE:ALGOUSDLong
by HustleGrindMomentum
3
Long on ALGO Analysing $ALGO... We’re following a similar pattern to the last breakout. A typical ABCDE pattern is formulating this time around too and I believe we have reached the final stage. Breakout is around the corner! I’m expecting price to reach $1.45 by the end of the month. I’m estimating around a 13 day period till we reach the new high for the coming bull run which puts us around Mid April (breakout coming end of the month/early April) at a price of around $2.80-3.
KRAKEN:ALGOUSDLong
by abssoni97
ALGOUSD ://longalgo looks a bit dumpy but still super strong above 1.00_ maybe look to get a dip around this level n down _IF she breaks that 1.00 and falls below .95 .90 we could see a re trace to .70 zone but very doubtful_ algo was unknown until recently _ this team is bananas strong in talent _ scalable and easy to stake this blockchain has huge government _ stable coin and other potential just buy algo and download the wallet then keep _ send to wallet and earn more algo _ really that easy _HGM T3Am
COINBASE:ALGOUSDLong
by HustleGrindMomentum