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ALGOUSD trade ideas

ALGO looks to be setting up nicely for another spectacular move.Algorand is setting up nicely within the bull flag pattern it's currently trading in. Compared to many other coveted cryptos, ALGO's gains have been very reserved compared to its structure (maximum supply). I do believe that we are going to see ALGO outperform on the next leg, as it has some catching up to do, especially when compared to what it has done in past bull run cycles. Good luck, and always use a stop loss!
CRYPTO:ALGOUSDLong
by MetaShackle
2
ALGO 4-Hour .. Next Entry hunting between the linesHere's the problem. We have the larger TF indicator swings going in opposite directions. The 4-hour is Strongly down trending and the Daily is positive and up trending. The 1-hour has bottomed out and is attempting to push PA for a sideways action. I have a "Green-Channel" - "Bearish Pennant" I have an "Orange-Channel" - "Up Trend" I have a "Blue-Channel" - "Down Trend" All in all, I still trade off my 8 indicators, however knowing a probable direction of PA in a channel is very helpful. I am posting all these channels because it is not clear where the PA is going to go. It maybe the likely hood that PA moves in channels of sideway trends. Patience... it is the weekend and volatility is generally low and sporadic in frequency of volatility fluctuations. Also, PA has a long way to the downside if it wants to reset indicators. "Caution" to the downside
COINBASE:ALGOUSD
by Quartz-
ALGOrand Action ContinuesToday we see some action in the COINBASE:ALGOUSD market that started a few hours back. There looks to be still positive entry opportunities here for continued growth. algorand.co What is happening with the project? "Algorand is an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistently high throughput, and low fees." We like low fees and quantum security as I did recently read in a scientific journal that a Quantum Computer was used in China to hack blockchain related technology. Something to be aware of in the future with increasing reliance on AI-enabled tooling. Stay tuned for continued action and get those orders in. Remember Habibi, real Kings don't buy at market price, we use proven strategies based on solid technical research. The desert tests your will not your strength.
COINBASE:ALGOUSDLong
by CoinrabiaDeFi
4
ALGOrand Trending +12% Signals Continued GrowthAfter my earlier post on COINBASE:ALGOUSD strong performance, we are seeing some beautiful trending action in the Algorand markets today. Algorand was founded in 2017 by Silvio Micali, a computer scientist and professor at the Massachusetts Institute of Technology (MIT). algorandtechnologies.com Silvio Micali is one of the world’s foremost authorities on mathematics, computer science and cryptography. He is the founder of Algorand Technologies, the builder of the Algorand blockchain, which today is widely acknowledged to be one of the best performing Layer 1 blockchains ever created. Silvio has helped pioneer many of the breakthrough technologies that help power blockchain today. He is the co-inventor of probabilistic encryption, Zero-Knowledge Proofs, Verifiable Random Functions, and many other innovations that are the foundations of modern cryptography. He holds a total of 47 patents in the fields of random number generation, identification schemes, digital signatures, cryptography, digital certificates, and electronic transactions. Silvio has been awarded the Turing award for computer science, the Godel Prize for theoretical computer science, and the RSA prize for cryptography. Algorand ecosystem is very fast as you can see by the transaction speeds when using ALGO wallets like Defly and Pera. Both provide access to a wide range of Web3/DeFi platforms and tools, such as Meme Coins, NTFs, Algorand domains, swaps, and liquidly pools on platform Tinyman v2. BINANCE:ALGOUSDT isn't just a trending crypto, it is a DeFi ecosystem that is faster than many others out there like Uniswap and Phantom. Uniswap often laggs during swaps, and some swaps do not complete at all and stay in pending state forever. Some tokens cannot be sold because very high cash out fees or low liquidy in a token that has already been cashed out by other Rug Ninjas and Solana scalpers. Similar issues were experienced on Phantom - tokens that can't be sold after buying, high sell fees that make it impossible to cash out after a buy. Phantom is less sketchy than Jupiter, but when you are trading in the world of Algorand, I have not experienced any of the problems that I have had with Uniswap and Phantom as described above. This leads me to have greater confidence in the long-term growth potential for Algorand which puts more than a step ahead than competing and slower platforms like Uniswap, Phantom, Solflare, and Jupiter. Defly is a superior DeFi experience, not just a wallet and a token. The easy access to Liquidity Pools on Tinyman v2 is really what sets Defly above other wallets and DEX tools. It becomes possible to invest in a liquidity pool using a wide variety of tokens trading on Algorand, such as MOG, MONKO, Terabro (BRO), $mALGO, TINY, DEFLY, Orange (ORA), PANDA Chain, Death by Disentary (DOD), $BASILK and more. algorand.co --> HQ defly.app --> Trade app.tinyman.org --> Stake + Pool app.nf.domains --> ALGO Domains Get into the action with Algorand trading on Defly and see for yourself how fast the transaction speeds really are. Highly recommended! Remember habibi, the desert tests your will, not your strength.
COINBASE:ALGOUSDLong
by CoinrabiaDeFi
Algorand ALGOUSD Periodic Analysis (Issue 58)The analyst believes that the price of Algorand will decrease in the next 24 Days. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
BINANCE:ALGOUSDShort
by MoonriseTA
ALGO 4-hour .. Trade Long in progressI figured this one out a day or two ago. Placed an order in for the long position. I am now active in the trade. Even if it goes lower I will just stay in the trade. I see ALGO going upwards for another run. Yeah so... risky as it may seem, I guessed purely on historical support area and 50% drop from recent ATH. I am going with the trade, "Buy the dip" philosophy. Buying in, on the way down. It is possible that, if the market in whole, continues a down hill march... ALGO will probably reach the 20 cent area. .. Then 15 and 10 cent areas. Highly unlikely, however it still could happen, nothing is guaranteed.
COINBASE:ALGOUSDLong
by Quartz-
ALGO/USD Bullish Reversal Setup ALGO/USD is showing signs of a potential bullish reversal after recently touching the lower Bollinger Band on the 4H timeframe. The price has started to rebound, and a move toward the 38-cent resistance level is likely if bullish momentum continues. Technical Signals: Bollinger Band Rebound: The price has crossed back above the lower Bollinger Band, indicating potential support and a reversal. RSI Neutral Zone: RSI is currently at 40, which leaves room for upward momentum without being overbought. Short-Term Trend: The price shows signs of consolidation and recovery, aiming for the middle Bollinger Band as the next target before testing 38 cents. Target Levels: Immediate Resistance: $0.35 (middle Bollinger Band) Primary Target: $0.38 Stop-Loss Suggestion: Set a stop-loss near $0.32 to minimize downside risk.
COINBASE:ALGOUSDLong
by Abdihalim1
"ALGO: Bullish Breakout, Targets $1, $1.5, $2.5!"Given the price objectives which are specified—$1, $1.5, and $2.5—the chart offers prospective investors an intriguing opportunity. The research is broken down here to show the main elements that could draw in investors: * Important Analysis Points: 1. **Recent Surge**: The price has just risen from a low point, suggesting that a bullish phase may be beginning in the market. When coupled by strong volume, as shown in the chart, the steep price gain may indicate a trend reversal or the beginning of a new bull cycle. 2. **Volume Confirmation**: The price increase is accompanied by volume spikes that provide additional evidence of robust purchasing demand, which is encouraging for prospective investors.A high volume frequently indicates the entry of institutional or sizable retail investors into the market. 3.EMA Crossovers: With the 50-day EMA above the 200-day EMA, which usually denotes a bullish trend, the chart displays both the 50-day and 200-day EMAs. Both long-term investors and momentum traders may be drawn to this crossover, which suggests that the market may keep rising. 4.Important Price Goals: $1: A psychological level that can serve as a significant resistance point is the first target of $1. If this is broken above, more bullish activity may follow. $1.5: The next resistance level is represented by this price goal. Significant upside potential might be triggered by a clear breakout above $1.5, which would draw in more investors and accelerate the trend. $2.5: A significant resistance level from earlier highs is represented by the ultimate objective of $2.5. The asset may attract a lot of interest from investors if the price hits this goal, which might indicate a complete rebound of the previous bullish cycle. 5.RSI Indicator: At 44.41, the RSI indicates that the asset is not yet in an overbought state. Before the market gets too stretched, there is still opportunity for expansion. Investors can see this as a chance to get in before the price increases even further. 6.Possibility of Long-Term Growth: The general structure of the chart displays a significant accumulation phase that is followed by a breakout, which is a feature frequently observed in the early phases of a bull run. ALGO may have substantial upside potential over the next months, according to the price action and trend indicators, which makes it a desirable investment for both short- and long-term traders. Investors' conclusion: A comparatively low RSI, positive moving average crosses, and rising volume all contribute to the ALGO/USDT chart's strong bullish trend. Investors might profit greatly from the price goals of $1, $1.5, and $2.5—especially if ALGO breaks through these levels. Those who want to profit on the asset's momentum will find the current market structure intriguing, and the comparatively low RSI allows for additional growth before the market gets overbought. This study can assist in making a strong case for ALGO/USDT investing to prospective investors by concentrating on certain key indicators.
COINBASE:ALGOUSDLong
by PROFITPULSE10X
1