ALGOUSD trade ideas
ALGO Uptrend BounceI think based on the support levels, trend lines, 200 day & 14 day MAs and fib levels
we will see an upward click back up toward last nights highs and beyond. After stopping out of my position just before the earlier correction dump, I am averaging back in slowly with SL in place in the event this does not confirm.
I am only creating / publishing for my own learning journey and in no way would want anybody to follow my advice given that I am not a professional or licensed trader.
ALGOUSD ❕ Algorand's partnership with FIFAThe correction after the growth happens on lower volumes.
The 100MA crosses upward of the 200MA on the 30m Timeframe.
I expect a fixation above the support level before the continuation of growth.
AlgorandAlgorand has today come forth with huge news of a fifa deal that will give them huge exposure and an opportunity to govern FIFA's crypto development strategy. Interested to see how this plays out.
Bullish Divergence on Algo#Algo is getting ready for a bigger move and forming bullish Divergence on weekly timeframe is a confirmation for the same
Algo 4-27-22Algorand divergence creating a possible bullish step-up back into parallel channel, this will most likely happen when our daily stoch rsi is back on the up and up in the next few days.
Referenced below is algorands divergences that have played out in the past. Still bullish on algo, just a long winter!
Algo 4-25-22 Divergence Indicators Long story short, Algo has shown previous runs on the daily in which we have seen massive divergence followed by a convergence before our next bullish run. Could this be the beginning on the next leg up?
Algo reverse bullish flagAlgo is currently forming a flag pattern or a parallel channel, either way we seem to have a nice setup for some crypto dips to scoop up!
Algorand Price Prediction 2022Look when we broke that downtrend first time, went from 0.80 to 2.75, this time we may reach around $4
ALGO 4-20-22Chart is very self explanatory, i am personally buying this trade setup. my target buy zone is between .71 and .75, target price as followed 50% sold at tp1, 25% sold at tp2, and 25% sold at tp3 or ultra sell zone depending how btc affects our price action. shares bought- 15,000, profits to be expected 650$-2500$, trade setup is to only be applied over the next 50 or 60 hours. good luck traders!
AlgorandAlgorand Technical analysis basically on elliott waves Principles and Priceaction Strategy
Algo can be grow to 5$
Wait and watch.
Algo is supremely BULLISHALGO is ready to start, do not miss this extremely bullish move. Get ready for 300% returns.
Picture Perfect Bullish $ALGO Monthly ChartWe all know Algorand has best-in-class fundamentals. The DeFi ecosystem is flourishing, with accelerating TVL growth.
There are several Algorand launchpads coming online soon, which will help to further streamline and accelerate project launches and TVL growth.
Algorand Governance participation is super strong with around 4 B $ALGO committed, which is around 59% of $ALGO circulating supply.
The Algorand Foundation, led by Staci Warden, is stepping up its marketing game - kicking off its new aggressive marketing strategy with a bold Earth Day event in Times Square NYC.
The stage is set, and the charts are confirming the fundamentals. $ALGO is currently bouncing off the bottom of a multi-year bullish rising channel with technical indicators in highly oversold regions.
I expect this next leg up to break out of the upper channel for a parabolic price discovery move to normalize as the premier top-tier L1 blockchain.
Algorand Summer may turn into an Algorand Heat Wave!
I like Algo right nowI'm bullish on Algo, I like the coin's fundamentals and its at a discount right now.
Algo:// even renting billboard in times Square my buy targetStay.75 - .50 is sti still my "scoop the dip" Zone look for a short-term Raly with a Savage rejection or series of rejections. There is enough liquidity on this alt where you should find decent exchanges to set some limit orders for the quick scoop n bounce
Remember, at the end of the day the only metric that truly matters is developing n knowing your own trading Style. That and buy rumors sell the news. Hahaha when in doubt zoom out ya all... _HGM
ALGO 15%+ gain entry incomingToday I'm doing something a little differently. I've decided to let the charts speak in detail instead of a lot of words. If I have something special to say about the specific instrument. I will mention it here. For general Crypto updates, please take a look at my BTC update.
One thing to keep in mind is that we are in a short-term downward wave today and we haven't reached the end of it.
Double Bottom with Bullish Divergence at PCZ of Bullish SharkThis is an Update to a previous ALGO setup of the same sort except the pattern has now further developed with the addition of a Double Bottom of the PCZ. The Bullish Targets and Stops remain the same as the previous setup
ALGO daily is looking to make the move up anytime.ALGO daily chart
This chart is still intact and once it gets the
push above the descending trendline, This
chart could really show whos boss...The ALGO
blockchain has been rated top 3 best blockchains
in this industry as well. Lets see what it can do here
in the next 1-7 weeks. RSI and chart is reading
a Bullish Divergence.
We need this test and confirmationWe need this test and confirmation to go up, but be carefull
Disclaimer: this is not a financial advise
ALGOUSD ReversalALGO traded down to its reversal zone. As price action approached the reversal zone, it began correcting to the upside, showing that it is ready for price to continue its uptrend. I expect ALGO to have a bright future as well to trade at higher prices!
ALGO - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
ALGO is overall bearish however, it is approaching a strong support zone in green so we will be looking for buy setups on lower timeframes.
DAILY: Right Chart
ALGO is forming a double bottom pattern but it is not ready to go yet.
Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline.
Meanwhile, until the buy is activated, ALGO can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ALGO LTF Support & Resistance$ALGO dropped into a LTF zone with good trading opportunities over the past 24 hours.
Now, the market is preparing to receive March CPI inflation numbers at 8:30a EST.
Look for short opportunity on breakdown, or a market really after the recent retracement.
CPI impact likely
<8 - bullish response
>8 - bearish response
$ALGO Inverted Cup & HandleBearish pattern forming on $ALGO
Invalidation w/ candle closing above $0.905
Target 1 Zone
$0.85 to $0.86
Target 2 Zone
$0.71 to $0.74
