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ALGOUSD trade ideas

ALGO/USD 15m pair is a never fail kind of tradeNot intended to be a piece of financial advice. Playing ALGO/USD at 15m timeframe and following the swing based on TA looks promisingly fail-proof. Not saying it won't lose a trade but has rarely done so. Why do guesswork or tinker about what goes up and what goes down? When emotions are out, the trade pattern with ALGO becomes stress-free. It's my experience. Why worry about what the world is up to? Anyone can manage their risk if swing timings are calculated based on the concurrent situation on the play. ALGO seems to follow the crypto king BTC similarly to most of the alt-coins do. Still, a 15m setup in auto-pilot or as in alert basis can be managed to work in favor. When the markets are bleeding, the swing tones can mostly be an opportunity. I always tend to benefit from those. How about you?
COINBASE:ALGOUSD
by coreSATS
1
ALGOGUSD (Long Term Buy?) Scaling InScaling in to obtain best asset prices: We are looking to acquire assets to hold long term as the markets are selling off and the SPX and ES breaking through the 4,000 level while the DXY may test new highs. We do this by scaling in slowly to obtain an attractive weighted average price in selected cryptos. For this to work, you need to be VERY TIGHT in your entries and sizes, and not chase the markets. One of the assets we are looking to acquire is Algorand (ALGOUSD) which from their website, is "the world's most decentralized, scalable, and secure blockchain infrastructure, that is capable of powering anything from decentralized finance to generative NFT art, powering future economic models." Reminders: 1) Unless you are selling puts, it is more difficult to protect yourself from the downside in cryptos and create a margin of safety by selling DOTM puts on lower strikes for protection. 2) Cryptos are more risky therefore portfolio allocation and trade sizes are of critical importance. Levels where we are looking to buy. We are looking make small purchases in the 25 to 50 cent area as it's a great price range for a long term hold. If you buy in the 50-69 cent range, it's a good but not as great. Anything above 69 cents, you are starting to chase as our min sell target is $1.85 No matter what the SPX ES and DXY do, we are looking to purchase ALGOUSD at levels that have attractive risk to reward ratios, where slow scaling in with a long term hold make sense. At the low end, if we risk $0.25 to make $1.60 (eg 1.85 - 0.25 = 1.60) or over a 5x return. At the mid level, we risk $0.50 to make $1.50 a 3x return. * If you are not willing to scale in small amount of money for a very long time minimum 3-7 years here don't do this trade. Hope it helps Marc
COINBASE:ALGOUSDLong
by PowerIndicators
4
This Chart Pattern Calls for Algorand $1.00 TargetThe technical chart suggests that Algorand (ALGO) has the potential to tag the $1.00 milestone again. The downswings since February 8 can be confined within a descending channel, with the swings getting shorter in magnitude and the momentum drying out. Algorand Descending Channel After reaching the lower support trendline, the ALGO price bounced, and we're now looking for a possible retest of the upper resistance trendline, which falls near the $1.00 psychological level. The current bounce is also supported by the RSI oscillator, which broke above the 50 mid-level. The last time the RSI broke above the 50 mid-level on March 21, ALGO's price retested the upper resistance trendline. The pattern, if confirmed, could set off a much larger rally in the coming months. However, for a meaningful reversal, we would need a daily break and close above the descending channel but, more importantly, above $1.00. We also have a massive bullish divergence between the price and the RSI oscillator, which highlights the exhaustion of selling pressure. This is a significant price development because it has the potential to call for a potential bullish reversal. Looking forward: We have to keep in mind that the overall trend is bearish as we're still trading below the 200-day simple moving average, and in terms of the price structure, we are still following a bearish path. However, we might be in the process of a reversal if the pattern highlighted above is triggered.
BINANCE:ALGOUSD
by cryptohopper
Algo Crypto Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series Focus: Worldwide By Sun Storm Investment Research & NexGen Wealth Management Service A Profit & Solutions Strategy & Research Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures | USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision. #debadipb #profitsolutions
KRAKEN:ALGOUSD
by Sunstorminvest
ALGO Long: Update My initial thought was about .65 pivot after the last correction but overthinking and a busy day with errands blindsided me into hoping for a drop even lower, therefore I did not open an order and missed a chance to make a sweet little profit as it did move from .65 to about .69 before a tiny retrace back into the .67s. The volume is very very steady at a normal pace, not much volatility and seems to trend upward within the channels I've drawn. Buying pressure is winning here and I did go in during this last retrace, albeit a mini retrace and plan on longing until the next target which I have at about .77. Keeping my stop loss tight as I don't want to lose profit I gained from the long I opened yesterday morning and closed after the run proceeding FIFA news. If I see price action fall into the support level under the trend line I've outlined, I will look for an exit. I'm learning TA on my own by reading books, watching videos and trial and error. If you like my thought or are more experienced and think I'm on the right track, please hit "agree". Thanks!
COINBASE:ALGOUSDLong
by peppermintschnaaps
1