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ALGOUSD trade ideas

ALGO doing the move ? ALGO seem to be breaking out of his triangle but i would stay cautious as long as we don't have a daily above 2.05$. If it does close above then the plan would be to buy any retest of 1.95$ and target 2.5$ as 1st TP which would be what i would play since MACD daily is turning bullish. If it close under then we would need to rethink the upper trendline of the pattern perhaps and exclude the price action of 10 to 12th september which is missleading. Ideally we want a daily close at 2.1$ so both trendline would become potential support combine with the current resistance area 1.95$/2.05$ Let's see how this will play out
BINANCE:ALGOUSDLong
by Heatrading
ALGO We are currently re-accumulating and holding the 61.8 of the previous swing high/low on the FIB retracement. I expect a 100% as first TP for this trade once ETH starts to slow down. We must analyze and keep and eye on the higher lows printing. ON lower timeframes we are reaccumulating and are currently holding at the creek level. just showing many are holding their money which is a great sign. Algo announced new NFTs in their ecosystem 4 days ago. I expect this to be a huge move that can end at 10 dollars by the end of next year. Or, it can pull a Solana, lets see what the market blesses us with . Any lower prices are meant to get bought up to accumulate coins before we get the money coming in from bigger buyers. Holding from 89 cents. 10 dollars TP will be the first sign of looking to start limiting.
COINBASE:ALGOUSDLong
by BLKopalFX
ALGORAND against USD POS coinstaking, staking and staking!! the creator Silvio Micali is a professor of computer science at the Massachusetts Institute of Technology, and the founder of Algorand. He is a recipient of the Turing Award (in 2012) for his fundamental contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies and blockchain protocols. This makes him one of the foremost creators of crypto in the world. Rank #20 Coin On 373,858 watchlists Algorand Price (ALGO) $1.86 0.85% 0.00003044 BTC1.29% 0.0004137 ETH0.66%
BITSTAMP:ALGOUSD
by doqstrader
$ALGO Symmetrical TriangleRSI is showing strength maintaining above the 46 level. The 50-day MA passed up through the 200-day MA signifying a Golden Cross. MACD doesn't look the greatest but does appear to be moving in the right direction. Scenario A: break-out of the triangle, zoom towards previous ATH, contend with it momentarily and then make new ATH Scenario B: breakdown out of the triangle, fall towards 200-day MA or previous support. Which scenario do you think is more likely? Imagine when ALGO gets the market cap of ADA or SOL... Algorand would be at about $11 if that were the case based on current market caps at the time of this post. Weekly Chart:
COINBASE:ALGOUSDLong
by EBITDAtiger
ALGO to remain in correction phase above $1.75The Algorand price analysis shows that the ALGO/USD is correcting today. A decrease in price has been observed as bears are ruling the charts today. ALGO remained bullish for the last four days, and the price uplifted during that time but to a limited extent. Overall, ALGO has been following a wave pattern for more than a month and has been unable to break above the $2.3 level. Only one high swing was observed during the past weeks when ALGO went as high as $2.05 on 25th October, followed by a reversal of the same even higher magnitude when ALGO stooped down to $1.79 on 27th October. Since then, the price oscillation has been small.
COINBASE:ALGOUSDLong
by BernardMikhail1
1
ALGO - Critical Times!Hello everyone, if you like the idea, do not forget to support with a like and follow. After breaking the orange resistance, ALGO has been stuck inside a range in the shape of a symmetrical triangle highlighted in purple. For the bulls to take over, we need to see a break above the upper bound 2.13 marked in blue. In this case, a bullish trend continuation would be expected till 3.0 In parallel, for the bears to take over, we need a break below the lower bound 1.55 marked in red. In this case, a bearish reversal would be expected till around 1.0 where we will be looking for buy setups. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSD
by TheSignalyst
38
10% decline looks imminent ..!It looks like the Crypto market has run out of steam and a Flash crash is about to happen..! It is already 10% below the 2.743 Trillion, but another 10%-15% decline is closer than what you think! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BINANCEUS:ALGOUSDShort
by Moshkelgosha
1