ALGOUSD 1Wtest
Algorand is an inclusive and transparent system in which anyone can build prosperity through decentralized applications and projects, no matter where they are. The platform gives developers, enterprises, universities, and investors opportunities to participate in trusted, credible blockchain development.
Algorand uses a Proof-of-Stake (PoS) consensus mechanism, and distributes validator rewards to all holders of its native ALGO cryptocurrency.
ALGOUSD trade ideas
Algo in a good buy zone, but still under down TLPrice looks nice and bullish on larger time frames. Currently in pullback.
Im buying 2% of account as it sits in 1hr 38.2 .5 fib zone. Will buy more at down trend line break.
Big buy level at about 1.10, is 618 trend based fib zone and demand zone. Notice the previous wick there.
Also great looking team for position holds long term.
Happy Trading!
$ALGOI created a breakout on Algo when it found a major resistance Point I created couple exits with triangle setups and Curvatiures for trajectory of breakout. I then used the Double top theory and created a Guidline which would allow me to know when it would break out of channel and find some volume for spikes...end game is all the same it drops. Those are guidlies I use in my unorthodox style YOu hae to see me do it live I may do a video one day. So you understand my crazy. Have a good day enjoy the chartart
Reiterating Bullish Call on Algo (Algorand)Crypto space is starting to go bonkers and with this happening, it's wise to choose the strongest one
In my opinion, it's ALGO or Algorand.
Been watching this crypto for almost a month now and here's what I like about it:
*ALGO corrected and stabilized on the 50 Day MA while ETH and BTC on the 100 DAY MA, a sign of relative strength
*MACD Cross up, MACD +
*Area Pattern: Falling Wedge, a Bullish one
*Histogram soon to be on the positive side - a sign that downward momentum is about to reverse direction
*Area Pattern breakout retest, now acting as support ($1.80 level)
*Volume Contraction Pattern
With all this plus the bullish environment, it's tough to say no to ALGO. Let's go!
For my entry strategy, check link below
Good luck!
Chart of the Day - ALGOUSDPeriod of Consolidation forming a triangle pattern.
There is momentum to the up but we have to be patient to trade a clear direction.
I appreciate if you write in the comments all your questions and instruments which you would like me to see analyzed.
Thanks for pushing the like button, write your comment, and share with your friends. I would like to thank in you for all your support.
P.S. It's important that you make your own analysis and trade within your risk parameters.
MY MINIMALIST ANALYSIS FOR $ALGO9.14.21
My Minimalist Analysis of $ALGO
1. TARGET ENTRIES for $ALGO Correction taking place. The Chart will be adjusted after correction.
2. We will ENTER during ACCUMULATION.
Indicated are key support and resistance levels using small and large trading range boxes for ENTERING A SWING TRADE (Short - Long.)
Watch out for Patterns, Divergence, EMA, Candlestick Math, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer:
The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and must not be taken as investment advice.
Thank You for your appreciation and support.
ALGO target sees 3 nearby.The following content is machine translation:
The morphological trend is wavy, the two-wave callback and double-bottom support is almost completed, and it is currently rising in the third wave of the rising wave.
The macd is about to be a golden cross on the indicator, and it is bullish.
Near the target position 3
Long ALGO, crypto bull still onThere's been a big move in SOL the last few months and everyone has been talking about it. Reading about SOL I kept seeing mentions of ALGO, and ALGO looks like it hasn't really blown up yet. So while SOL might have already had its big move, I'm taking a position in ALGO thinking it might get some love soon.
There's a few bullish things... there's a triangle pattern breaking higher on ALGO. The black line is the 500 HULL, and ALGO is above that. But mostly I'm just going long here hoping some of the SOL money flows into this, or at least it gets a ride up as crypto continues its bull market. Decent alts have a good chance of outperforming BTC and ETH and that's all I'm looking for here.
Crypto in general made it through summer without too much drama which is good as summer is usually not a great period. Q4 is usually better and Q1 is usually much better. I'm expecting BIG moves from ETH by Q1 next year and hopefully it drags up all the atscoins.
Not investment advice.
ALGO (Algorand) getting closer to a bullish breakout?Crypto market is once again on the rise.
ALGO stands out the most to me given the following indicators:
MACD cross up
MACD +
MACD histogram transition to the positive side
Volume Contraction Pattern
50 Day MA as support
Together with the improving sentiment in the space, I'm liking the prospects of ALGO
Good luck!
Algo in a congesting rangeAfter the high above 2.5 from 13 September, AlgoUsd has started to correct lower and now is trading in a congesting range resembling a symmetrical triangle.
Levels to watch are 1.9 zone, with a break here exposing 2.5 high and 1.68 for a bearish move with a target at 1.25 support