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Algorand
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#52 #52 #52

Algorand

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ALGOUSD trade ideas

#ALGO Algorand breaking out this falling wedge Algorand has consolidated over the last week in the form of a falling wedge, which has broken out to the upside today. We are starting to see a slight uptick in volume today on the break which is encouraging. This should trade back to the previous highs seen in September of approximately 0.41. stop close below 0.30

Long

by MarcoOlevano

Updated

[UPDATE ALGO] A lot of alts are going to do this in November?Algorand move: 1) as soon as we cross 0.38 --> 0.43 is fast in my opinions 2) my gut tells me 0.43 is going to be easy, so the next natural target is 0.50 which is the mid-range (macro) 3) we can have a deviation on the upside up to 0.70 if BTC behaves in November This is true for Algo and for many other alts.

Long

by Homocryptus

Updated

ALGO - No clear buying opportunity Even though Algorand has lost almost 90% of it´s value from the Nov21 high, I still see room for a 60+% drop. Price has been walking sideways since June, and there is no clear sign of bulls showing up. Also note that the 100% ABC extension sits at 0.1135. Of that price level doesn't HAVE to be touched, but it is very common that ABC´s reach the 100%. For the time being, I´m only looking for short scalp trades on ALGO.

Short

by Stoic-Trader

ALGO - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DAILY: Left Chart ALGO has been stuck inside a range for a while. For the bulls to take over from a long-term perspective, we need a break above the upper gray area (upper bound of the range) Meanwhile, as we are approaching the lower bound of the range, we will be looking for buy setups on lower timeframes. H4: Right Chart From a medium-term perspective, we have been bearish making lower lows and lower highs. For the bulls to take over, we need a momentum candle close above the last major high marked in green. Meanwhile, until the buy is activated, ALGO can still trade lower till the gray zone where we will be looking for new buy setups. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich

Long

by TheSignalyst

ALGOUSD ALGOUSD short trade with a second re-entry. Always remember to use money management.

Short

by EM_Trading_Company

Updated

12H Support to go along with Weekly Hold Nothing fancy here. 12H 200MA has been respected to the tee since last December. Coming for the retest as support today. Held weekly 10sma at close, held 2 week 10sma at close. Already broke out of long descending channel. FIFA World Cup on the horizton. This sucker looks ripe.

Long

by wesheets

$ALGO | Potential Move Up To Previous Resistance ALGOUSD was at mid-September levels of being oversold and broke the lower Bollinger Band. I waited on confirmation for this potential reversal to the upside because of this. We had a green candle closing fully above the bottom band and above the most resistant near term support levels. Got in a buy highlighted by LONG POSITION graph with the mindset of taking profit slightly above the 200 EMA which hasn't been respected most recently but BELOW the nearest resistance which has. Will need a decent sized green candle to push through. Stop loss placed below BOTH the lower band and support levels.

Long

by CryptoHotep

Updated

Algo Long Algo took out the local high for a HH over two weeks ago and has since been consolidating above support. Easy trade setup here. Possible double bottom on support at the 10sma. Close under weekly 10, exit on retest.

Long

by wesheets

ALGO completing Wyckoff accumulation phase After a multi-month period of mark-down ALGO is exhibiting the final stages of Wyckoff's accumulation model: 1. Preliminary Support (PS) established 2. Selling Climax (SC) achieved 3. Automatic Rally (AR) occurred 4. Secondary Tests (ST) occurred 5. Price broke key resistance level (Sign Of Strength / "crossed the creek" 6. Price Backed Up ("walk back to creek") The next phase is the mark-up phase. This could correspond well with a mid-term rally off SPY support level.

Long

by cryptomius

algo Still thinking bottoms in as I alerted to my group back in early Sept like XRP back did bottom at .30c but if BTC nukes we could overthrow to that cluster of support & resistance I marketed off in my highlighted circle for a capitulation event.

Long

by Big_Mike716

FIFA Fever!Looks like FIFA fever is beginning, expect max $0.50 range, then a drop after Cup is over. There will also be a dip when governance pays out as well, but should still push up to target. I expect winter to set in after for at least end Q1 2023. Good health, family and fortune to all!

Long

by Kanadian1

Algorand looks ready to trigger its inv h&s pattern After doing a fakeout above the yellow neckline we now have price action for king above the white neckline….not sure which one will be the most valid but if the white neckline reaches its target they both do. I imagine it will be retesting the 1day 200ma before too long. *not financial advice*

Long

by DrDovetail

ALGOUSDT | NEAR BREAKOUT ALGOUSDT has been trading under the falling resistance. The price is trading near the falling resistance. The price has also break above 200SMA. The falling resistance is also confluence with 0.38 fib level. Th price has multiple support level as 200SMA and 0.236 fib level and horizontal zone too. The price is converging and now near to breakout. One can long on breakout. Trade your levels accordingly.

by JustTradeSignals

ALGO Hello guys this is my trading analysis about ALGO thank you IF you like my work please like share and follow thanks TURTLE TRADER 🐢

by rebenga93

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.

Long

by WaltrAlexander

ALGORAND to $100 (£82) BY 2026?- IS20022 COMPLIANT crypto - Fast and cheap to move money! - Partnering up with FIFA 2022!

Long

by ALTCOIN_BEAST

$ALGO market is just simply wrong if it doesn't follow either red or white line / Also has been super weak compared too other alts but fundamentals didn't change.

Long

by Killacam23

Algorand - Uptrend Continues!As long as it keeps the trend line intact, it can easily go and tap the range high at $0.40 short term.

Long

by Toni_G21

Algorand finally poking above the inv h&s neckline.For now we won’t know exactly where the measured move target will be until we know clearly where we officially break above the neckline as well as flip it to solid support. Will update this idea once it happens. *not financial advice*

by DrDovetail

ALGOUSD King of the laggards Every L1 smart contract platform other than ETH has been underperforming the market in this cycle, but ALGO is truly the king of all laggards. It hasn't had a single ounce of relief in almost nine months. It's time to do or die.

Long

by swilton

BEAR FLAG Interesting continuation pattern developing on ALGUSD. Theory is for a continuation of the bearish momentum, however, in case of close above the channel, the outlook would then suggest a bullish reversal. For now we wait for the breakout and the position our trades accordingly

by vf_investment

ALGO ISH to $.4695 ALGO ISH Targets with TP's TP 1: .395 TP 2: .4169 TP 3: .4695

Long

by antempire4

ALGO TO $.395 ALGO showing heavy confluence at .395 cents We have a ISHS target matching up with a volume profile and a fib with the same coordinates. Let's ALGO to this target!

Long

by antempire4

Updated

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