algousd upside move possiblealgousd upside move possible
buying above the 0.10479704
stoploss 0.09922773
target 0.11694121
ALGOUSD.P trade ideas
Will Algorand Reach $0.10 With This Breakout?ALGO's daily charts indicate a triangle breakout pattern.
Algorand's current price struggles with the 50-day EMA barrier.
Potential to reach $0.10 if the 50-day EMA is surpassed.
ALGO has witnessed a 98% price reduction from its peak.
A descending triangle pattern is formed with a firm resistance trendline.
Uncertainty prevails due to sideways price movement.
RSI shows diminished bullish momentum.
MACD suggests a prospective bullish market.
Breaching $0.10 hinges on maintaining the upward momentum.
Will Algorand Escape The Triangle In This Rally?
ALGO price action is showing a triangle pattern during its overall downtrend.
Algorand's price has bounced back within the triangle, hinting at a potential breakout.
A breakout rally could push the ALGO price to $0.10.
ALGO is trading at a significant 98% drop from its all-time high of 3.77.
ALGO price trend is forming a descending triangle pattern.
Algorand's coin price has jumped 6.11%, increasing the chances of a breakout.
ALGO coin is currently priced at $0.0935.
A triple white soldier pattern in the daily chart suggests a V-shaped reversal.
For ALGO to reach $0.10, it must break the resistance trendline.
If rejected at the resistance trendline, ALGO could find a new bottom at $0.081.
Wedge Forming over long term Really trying to practice my pattern recognition,
Am I i crazy, or is this a wedge that has been forming for months with a potential 150% profit target ........please advise
ALGORAND has potential If we see a reversal in DXY(ABC)..
Lots of devs have been at work on this project.
I have recently added to my bag(Not advice).
Will ALGO Price Rise Above $0.10?ALGO shows a strong demand at $0.091.
It displays a solid resistance trendline.
Potential bullish bounce can lead to a rally up to $0.1089.
ALGO is trading close to its all-time low of $0.08846.
ALGO coin witnessed a 97% discount from its all-time high of $3.28.
Algorand was founded by MIT professor, Silvio Micali.
$0.091 is the new support level with buyers preparing to challenge the resistance.
Doji candles at the base suggest a potential reversal or loss of momentum.
ALGO trades at $0.42, hinting at a potential bounce.
Bullish divergences in technical indicators such as RSI and MACD.
Breakout from resistance trendline necessary to reach or surpass $0.10.
If faced with rejection, ALGO could go down to $0.081.
Will ALGO Prices Reach $0.16?
ALGO forms a double bottom pattern at $0.91.
Bullish divergence spotted in RSI amid a double bottom.
ALGO faces resistance at the 50-day EMA.
Recent dip sees ALGO below the $0.10 mark, closing at $0.0934.
Sideways market trend with ALGO showing potential for a bounce.
Double bottom pattern emerges with strong support at $0.091.
Current ALGO price: $0.0965, down 0.82% intraday but up 2.21% from last night.
1-day chart reveals a key resistance trendline.
Breakout from double bottom could target $0.1082; ultimate aim: 200-day EMA at $0.16.
Downside risk: If ALGO drops below $0.091, it could head to $0.084.
algocould have a few more dumps, I think this is at least CLOSE to the bottom. I would double down at .07 but im adding here.
Educated guess with manipulation potential for the short term.Algo is overdue for a massive funding round and could potentially have its own funding round with a strong show of support.
After careful examination with markets the past two years and manipulation in trading patterns. I believe this could happen quickly
with brief cooldown periods of trading testing support in the market before the next bull market. Funding rounds occur after large corrections
like this and Algo has most definitely been quiet for the most part. It looks like its time to start buying now. This does not mean the entire market
will be bullish new traders. This is just a buying opportunity for algo and potential rally for the project. I placed several potential correction points
that i believe will be close to what will actually happen. I will not go into details but i do know crypto whales have been buying very low volume over the past two
weeks. I am only bullish for Algo presently and have already made my buys this week. Can't wait to see the performance and breakout that should happen
at any moment. Manipulation is a tricky thing so i added a potential manipulation pattern with a retracement pattern from the previous breakout......
ALGO Prices Back AT $0.10, Will it Break Below?
ALGO price action indicates a bullish failure to sustain the breakout rally.
ALGO prices have reversed from the 50-day EMA to retest the bullish dominance at $0.10.
Algorand prices are down by 7.17% in the last 24 hours.
Despite a triangle breakout, excessive selling pressure at the 50-day EMA and the bleeding altcoin market have reverted the rally.
The breakout rally failed to close above the 50-day EMA, falling 9.18% in the last 48 hours, returning to the $0.10 mark.
A sharp rise in trading volume supports the ALGO price downfall, with a third consecutive bearish candle challenging the bullish dominance at $0.10.
The retracement might be a retest of the bullish breakout, but the long-term correction rally may break under the $0.10 zone.
Technical indicators like daily RSI and MACD lines maintain a neutral to bearish standpoint, warning of a potential downfall.
If buyers hold off the bearish downfall at the $0.10 zone, ALGO price may consolidate and reattempt the 50-day EMA breakout.
A drop below $0.10 could lead to a crash, with the next support levels at $0.096 and $0.084, predicting a downfall of 7.15% to 18%.
Algorand mimicking 2019 lowsVery similar approach and pattern formed and broke out in both 2019, and again presently this month. If you're selling, I'll buy em. Goodluck
-Legend on WeBull
-Scott239Florida on X
-legendcapital.algo
Triangle Breakout Marks Grand Bullish in Algorand Prices!ALGO price breaks out of descending triangle, signaling a bullish trend.
Prices rise by 3.29% in the last 24 hours, aiming to challenge 50-day EMA.
Bullish launchpad projected, potential target at $0.1414.
ALGO down 96.62% from all-time high, but finds solid support at $0.10.
Triangle breakout supported by morning star pattern and increased trading volume.
Technical indicators maintain a bullish outlook, RSI and stochastic RSI showing uptrend.
Bullish momentum may continue throughout the week, facing resistance at $0.1225 and $0.1414.
Retest phase possible with early reversal.
Trapped In A Wedge, Is ALGO Price Going under $0.10?ALGO price struggling to maintain near resistance trendline forms a falling wedge pattern in the daily chart.
ALGO price may fall under $0.10 with an intraday drop of 1.37%, potentially setting a new low at $0.050.
A continuous downtrend has led to ALGO coin prices decreasing by 45% in the last four months.
Despite near-resistance trading, the recent 1.37% downfall forms a bearish candle, indicating a potential fall.
Increased trading volume supports the drop in ALGO price, implying significant supply pressure.
If prices close below $0.1084, the XLM trend may test the support trendline of the falling wedge.
Bearish rally indicated by sideways Stochastic indicator trend and falling RSI line.
If XLM prices fall below $0.10, a new low of $0.055 could be established, a 45% drop.
However, lower price rejection could drive ALGO prices above the resistance trendline, potentially triggering a breakout rally with prices reaching as high as $0.15.
Accumulation into .35 or .54, bullish Accumulation, 300% GainLets take a look at algo real quick.
Interesting set up here, even though algo supply 2.5 larger than it was back in 2020, it is actually still holding the psychological price of 10c.
That is actually very good for Tokenomics, considering how much they have liquidated into market.
I believe that algo is now a sleeper giant.
My chart is clean, and looks like there is a major fractal in August.
Should be interesting. hopefully.
I have been technically severely wrong about algo, so take this what it is, a TA, and not a prophecy.
Good luck all.
Who controls the markets "humans or bots"To anyone reading this post:
I have a very serious question to anyone providing tokens on exchanges.
Why would anyone with common sense sell tokens for no profit. This
makes no sense to me. The investment strategy of trading is buy low
and sell high. Utilizing a network for transferring funds is one thing. But
why provide so much liquidity for buyers on the order books and you lose
so much future return selling your assets at the bottom of a bear market.
When the bull market rockets your realized potential gains will be negative.
I'm sorry but i am a common sense investor. Exactly how many people
are really providing tokens or is this automated manipulation to prevent
a market price from swinging too fast. I would hate to be the person losing
money if this is true. This bear vs bull war is so stupid. No one really cares
about who controls what. They just want a secure investment when potential
gains. When a mysterious manipulation like this is going on then something
or someone is not very intelligent. I performed a test on market manipulation
months ago with some friends of mine. 100k budget started buying an asset order
book and the order book reset to the same figures after every purchase.
This was a crypto asset that is no longer available on coinbase and for good
reason. I thing algorithmic trading was recycling order flows to maintain the price
range and no matter what anyone did it never changed more than .01%
I look at Algo order books and such many tokens always at the cheapest price.
Now why is that. Look at all the crypto tokens and ask yourself why are they all
grouped together. You would think there would be more diversity for selling and
buying. At the bottom of a market you should see tokens available to buy to get smaller
and spread out toward peak prices in the future. Why is everyone grouping at the current
instead of future prices. I don't know the reasoning behind these traders. Common
sense is my thinking with a well planned strategy. Bought my long term holdings. Pulled
off the exchange i purchased. Then i bought more for short term trades to provide
support for my investment. Easy as 1,2,3 common sense. Seems this market is following
instead of individual thought. That is a bad market strategy. No body sells for no profit
unless they don't know what they are doing. Algorithmic bot by an inexperienced whale
can manipulate markets.
ALGOUSD Ahead of the first major bullish break-out in 4 months.Algorand (ALGOUSD) has hit today the 1D MA50 (blue trend-line) for the first time since April 17. That is also the top of the 4-month Channel Down pattern. If broken, it may turn out into the first such major bullish break-out move this year as not only is the price rebounding off a Double Bottom but the RSI is on a huge Higher Lows line (Bullish Divergence).
As a result, we will go long if the 1D candle closes above the top of the Channel Down and target 0.15000, which is not just near Resistance 1 but more importantly the Lower Highs trend-line since the February 21 High.
On the longer-term if a 1D candle closes above that Lower Highs trend-line as well as Resistance 1, we will buy again targeting 0.18000 (within Resistance 2 and the 0.382 Fibonacci).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
algo 60 day roadmapjudging by stochastic rsi history algo has another 2 weeks around its current region then we can see our next move maybe to the neckline of the double bottom then another consolidation while the stock resets and then maybe the push to target outlined on chart 60 days?
DYOR just my opinion
algo RAND corporationThe RAND Corporation is a nonprofit institution that helps improve policy and decision making through research and analysis.
NFA
DYOR
The following is a speculative look at the future of algo RAND and bitcoin
If the RAND in algo stands for the think tank above, then we may have an opportunity to get in on the ground floor of the next leading crypto after bitcoin has had its run and the US govt sells off its hoard via a blackrock etf and stuffs it into the 401K's and pensions of the sheeple clamoring for it at 1 or 2 or 3 million.
Climate change is one tenet in the satanic religion of the pedophile cannibals who control the govt's of this world. Bitcoin, unlike algo is not climate change friendly.
So we have a stealth globalist pos(no pun intented) coin with the name of their favorite "policy and decision making" think tank embedded in its name, included in the gensler lawsuits, with most crypto investors leaving it for dead. Can you spell o p p o r t u n i t y?
From an elliott wave perspective the entire move from "inception" in 2019 is a giant ABC, which means that algo must have traded on some private dark (globalist?) exchange before its public debut. This is another reason why i think this coin is not your average joe schmo crypto.
NFA
DYOR
ALGO - Clockwork Knife CatchMapping out the key support and resistance levels for ALGORAND.
Key Findings:
+ Almost everything that ALGO hit as a resistance on the way up during the Bull phase has been met as support on the way down.
+ Every 6 months when the Stochastic RSI has been in the oversold region it has coincided with a big correction in the opposite direction. Really large swings during the hype phase but still sizeable upticks on the bear phase.
+ We are now at a point where we have a new lower low and Stochastic RSI is oversold.
+ on the Coinbase order book for Algo there are some wildly low orders, is there something they know we don't.
+ older news but the SEC are investigating ALGORAND and COINBSE stopped giving out staking rewards as a result. This has been the main driver of downward pressure.
Thinkings:
I'm pretty sure that over the next two months we are going to see a bounce of at least 50%, the lower it goes the bigger the bounce. The only question is where?. That $0.1 mark looks the most obvious , although you could also extend the bear trend line down and have something lower.
ALGOUSDWhat is Algorand used for?
What is Algorand used for? The public version of the Algorand blockchain is primarily designed to enable other developers to create new kinds of applications fuelled by cryptocurrency. The platform has been used in real estate, copyright, microfinance and more.
Trading at 0.134971 Please Follow Chart Target 0.1818181
✴️ Algorand Goes Through The Same PatternIt might become doubtful, with every single day that isn't one full big green candle, doubt can creep in.
Look at Bitcoin, after months of consolidation it breaks bullish yet, each time we don't see prices going straight up we doubt thinking, "Is this the end or will it continue going?"
Bitcoin Cash went through the same pattern, it hit a lower low this month compared to December 2022 and look how great it is doing.
ALGOUSD went through a full correction, the RSI went to the extreme on the downside and is now recovering hitting above 50.
When the RSI is above 50 yet prices are low, it comes as one of the best signals to support a reversal taking place.
The next one would be volume but we have no volume on these charts and volume can be tricky.
Prices can be seen rising and the volume be low but only because there is no resistance and volume appears only when selling pressure shows up and is eliminated.
ALGOUSD is now trading above EMA10 and EMA21 with a strong bullish bias.
The support levels are marked blue on the chart. Below these levels, the bullish potential weakens. Any trading above these levels and the bullish perspective stays active, valid and strong.
Namaste.
