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ALGOUSD trade ideas

Long Algo Everything about Algo's chart is yelling "pump". We just hit strong support along with Momentum showing an Inverse H&S. RSI on the higher time-frames looks bullish as well. This bounce for Algo will be strong! My target is a combination of a fibonacci retracement level along with resistance. Keep an eye on Algo because it's ready to pop. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
COINBASE:ALGOUSDLong
by WaltrAlexander
1
Can ALGO overtake ETH by EOY?This is a simple setup for algorand position relative to BTC, ETH and USD It appears that ALGO is now threatening ETH, as we are hovering dangerously close to upper channel. With regards to BTC, we are also in the same position. If Algorand receives any additional catalysts from events, we could see a strong relief rally. Based on Inverse Prices action in USD, ALGO attempted 4 times to go bellow 30c and could not break through, indicating a very solid demand upon investors, that know the future and fundamentals of Algorand. Therefore, unless the world is heading into WW3, a new Mega Pandemic, 30c is going to hold and by August we should all be looking at 40c+ I am very interested in the ETH/ALGO as it shows a strong possibilty of ALGO breakout from a long bear channel. It still not going to start a bull, but after that drop it just might.. Fun times ahead regardless, **LEGENDS** BLUE = Bear/Resistance || Yellow = Bull/ Support Lines: Fractal dates are moments of interest, where price and time collide to create oscillation. the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind! Thank you, and stay strong my fellow CryptoPunks! Future belongs to the brave, and crypto is the future. _Ajion
COINBASE:ALGOUSDLong
by Ajion
ALGORAND - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Left Chart ALGO is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes. H4: Right Chart ALGO formed a valid channel in red but it is not ready to go yet. For the bulls to take over, we need a break above the previous high. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, ALGO can still trade lower inside the blue support zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
13
ALGO/USDT - Potential Short ScenarioHello Traders! ALGO price continues to move within the descending trend completing the previous market cycle. The culmination of the falling phase will be an aggressive downward exit of the price under the support level of $0.25 Medium-term purchases can be considered at $0.1440 - $0.1900. The targets of such purchases will be price levels of $0.25 and $0.36 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:ALGOUSDShort
by UnknownUnicorn10064030
1
$ALGO at key levelThe point of control level is $0.3005 very significant. Dating back to Algorand 's inception, this has been a key level of resistance/support. ALGO stopped nearly to the penny on the volume shelf at the bottom and bounced off it multiple times. Previously it was resistance, now it seems to have become support. ALGO seems to be running out of sellers. Soon the bulls will take control. Targeting the $0.5380 level which would be a 50% return and the VWAP from the most recent high at $1.0172 would be a nearly 200% gain. Algorand is green, efficient, and has extremely low gas fees (I believe it's $.001 please correct me if I'm mistaken).
COINBASE:ALGOUSDLong
by EBITDAtiger
2
ALGO, along the uptrend line.The following content is machine translation: In the 4-hour chart, it rebounded from May 12 and stepped back. It stopped falling on May 29, and then started to oscillate upward. On the way, the low point of the callback continued to rise, forming an upward trend line, but it formed resistance at the price of 0.42. The second time around 0.42 was suppressed and fell back. It fell to the rising trend line yesterday, stopped falling and rebounded. Now it has reached around 0.42 again. If the resistance level of 0.42 cannot be effectively broken here, there is a high probability that it will step back to the vicinity of the rising trend line. The fast and slow line of the macd indicator is above the zero axis with a golden cross, indicating a bullish trend. The RSI indicator has also recently shuttled up and down the neutral 50, and is currently above 50, a bullish range. Summary: If the 4-hour k-line breaks through and closes above 0.42, there is a high probability of seeing the resistance near 0.45. If it cannot break through, it will look down and step back near the trend line. When it reaches the trend line, a low, long, and short line can be made.
COINBASE:ALGOUSD
by LochubT
3