20% targetEntered into another buy at this level with a target of the previous high and a stop below $2
ALGOUSD trade ideas
Algo turning point8 percent pump from here is possibl e.. target 2.222usdt
it depends if it leaves a wick from here and turns green coming in 4 hour candle that only way of 5 minutes.
support at 1.95usdt
investment carreis high risk, play wisely.
thank you!
Been slowed down
Stop in action at the touch of 2.5580
Expecting a retracement to 1.6, and more testing of 2.5580 still.
Demand has been strong, so I do keep a buying bias on the long-term, but some reaccumulating could happen first to make a break 2.5588 Having it consolidate under between it and 1.60 needing to build a cause to keep unfolding.
Could also regain strength and only dance on the 1.92 area before going up again. But on the 4 hours as well the selling interest have been showing more it's nose in the last 8 hours
Move back down under 1.92 would give more confirmation retracing movement started happening.
Monthly
Weekly
Daily
Yesterday close ended on increasing maintained demand with a weak candle, which is signs of important selling interest at the resistance.
Bearish ABCD Pattern Is Nearing CompletionWe are Near a 1.618 Retrace which will be the PCZ of our ABCD Harmonic here and i'm actually not sure if it will be strong enough to actually hit it but if it does that will be a very nice place to catch the reversal.
ALGO/USD WYCKOFF REACCUMULATION!Hello my beautiful traders.
I think ALGO might be very close to exploding beyond its range.
I will take a long position once it has broken above the range evidenced in red and retested it. The desired area is the one in green.
If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair.
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Peace.
Luca, TrickleDownFX
Algorand ($ALGO) FIBAlgorand ($ALGO) is one of the coins of the month. Incredible BULL action as they buy up yesterday's dip. Feeding fire with more fire🔥🔥🔥
Trading above $2.35 support
ALGO/USD short term Elliott Wave analysisALGO/USDT short term price action prediction. Next impulse wave could start around $1.80 mark. Planning to set my limit buy around $1.65-$1.80 for a nice swing trade. Comment below your thoughts.
Up we go possibly This is just my best guess. Looks like Alogrand will retest $2.50 - if it breaks resistance then we could see 3.46 a new ATH. If not, then a retracement back to $2.23 and will probably rally to ATH.
short term bearish a 2hr close below the super trend and a candle below the flag will indicate short term bearish trend. no volume is indicating a move to the down side as-well.
Can ALGO make a new high by October?RSI currently at 73.16, compared to feb 08 high of 87.17.
Support around .97
Resistance around 2.5
$Algo/USD Wave AnalysisThe biggest risk to this chart is labeling the leading diagonal as ABC of Wave of 1 instead of Wave 1. If the ABC is in fact Wave 1, then Wave 3 peaked at $1.50 and Wave 5 at $2.50 and the local top has been reached.
Not financial or trading advice. Let me know what you think.
ALGO - The Beast Is Awakened!Algorand, or what I called " the sleeping giant " is finally awakened.
As per my previous analysis (attached below), we have been waiting for a confirmation to buy ALGO around the support 0.700
ALGO activated the buy and traded higher aggressively . This movement reminded me of FTM and how its parabolic movement started.
NOW WHAT?
ALGO broke above the 1.8 - 2.0 resistance zone so it is now acting as support and we will be looking for buy setups on its retest.
Our next rejection / resistance area would be 2.8 - 3.0.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ALGO USDT New HighsALGO made a new high even after a BTC sell off
Made a triple bottom as well
Showing great relative strength
Retest of previous highs can be a decent entry
ALGO enough It’s was game for Algo . I will be no surprise if we go down . Algo should definitely calm down .
JUST AN OBSERVATION Long term bullish.
2020 full fib extension was hit, set from earlier this year.
big retrace.
then a full fib extension (4.236) was hit today.
Big retrace, next?
Next price target is 5.8$ maybe in the next 4-8 months?
ALGO in a tight Channel Previous Target hit.IMO any deviation from this channel invalidates the run-up to $3. It's possible we could see pullback @ fib levels established off the last run-up to $1.80. However, I don't believe that will happen. Heres to watching little ALGO become a legend folks. Currently I don't have an exit point on this. I am a believer in ALGO and will HODL until I need the $$$$. Trade at your own risk see disclaimer below.
I'm just an autistic guy with a digital crayon. This is not financial advice. This is my speculation and only mine.
Algorand (ALGO) - September 10Hello?
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(ALGOUSD 1W Chart)
If the price holds above the 0.50221395-0.76754798 range, we expect the uptrend to continue.
(1D chart)
Support is found at 1.90329264 and is breaking above the 2.11836146-2.25112275 section.
In the 2.25112275-2.51664536 section, you need to maintain your momentum to see if you can continue with further climbs.
If they do, they should check to see if they find support at the 2.11836146-2.25112275 area.
If it falls in the 1.72007755-1.90329264 section, a short-term stop loss is required.
The next volatility period is around September 28th.
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(ALGOBTC 1W chart)
It is rising in the 1075 Satoshi-4309 Satoshi section, which is a sideways section.
If it rises above the 6469 Satoshi point and maintains the price, it is expected to create a new wave.
(1D chart)
It remains to be seen if the 4309 satoshi-5422 satoshi section can find support and rise above the 6469 satoshi point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
What correction? Algorand returns to ATH zoneThe daily chart almost completely obscures the market correction. Interesting. Not enough information at this point to make an opinion about where it goes from here, other than we are hitting an area of resistance with ATH above.
I have Algo stashed somewhere collecting %. Like remembering you have something in your closet but you don't quite remember where you put it. Ha.
ALGORAND: Sleeping giant on the moveI'll be honest, I did not expect Algo out of all of them to start pumping like there's no tomorrow the moment BTC crashed. I love this little coin! But it's been really quiet for a long time.
Here's a simple set up on an hourly chart. I love using fibonacci channel when I see a clear trend up or down like this. That way I can see the levels it's less likely to go past, aka resistance and support levels, duh.
Yes, it is now way above the EMA 200, so I expect it to go down naturally, even without the help of any force majeure event (you never know these days).
I personally hope to at least see the price of $2.60-2.63, before the trend starts to weaken. But first it needs to get comfortable with $2.5. Then who knows, I've heard traders call $3.
What do you guys think?
ALGOUSD on its way to the All Time HighPattern: Channel Up on 1D.
Signal: Buy on the next pull-back after the 1D Golden Cross gets formed. That has been the last buy signal in the two previous bullish legs to a Higher High.
Target: 3.7500 (the All Time High).
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$ALGO to $5 with the new price flood at $1.85If the trend of 6-700% gain followed by a 60% drop continues, we might see $ALGO hit or just pass $5 but then fall back to a new absolute floor sitting around $1.86 (the last top)
Price Discovery Mode ActivatedAround 2.6 or 3.8 are my price predictions for the end of this leg up. It will be followed by seriously choppy waters and a 60% decline.
