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ALGOUSD trade ideas

Algo is very consistentOver the last 5 months algorand has been following this bottom pattern. The local lows are all 30 days apart from each other, except one which is 29 days.. Yesterday was the 30 day bottom, so we can conclude that, if the trend continues, 30 days from now is the next new bottom. Additionally, from local bottom to local top, all 4 cycles have increased over 65%. I'm going to put my money on algo repeating the cycle yet again. Even if it is a lower high, it is possible to reach 1.26 in the next 3 weeks. DYOR, NFA.
COINBASE:ALGOUSDLong
by FOMORON
2
ALGO Fractal is still in play: Updated VersionSo i was wrong about the fractal last time, but i am not giving up - are you? I am still very bullish on algorand future and the fact that Algorand push back above 1$ is a good sign. And based on my expectation we should be at $2 by end of JUNE. I hope you are guys are with and chasing less memes and more real assets. Real Tech, Real Team, Real Adoption. Let's see some of the algo recent news: yieldly.finance decrypt.co cointelegraph.com www.algorand.com arcc.one www.bitfinex.com So today i present to you an updated version with same fractal intact and i hope this time around it is going to be a lot more accurate. __FRACTALS__ Lots of fractals this summer __REVIEW__ So the fractal started pretty good, but unfortunately on May 17 fractal diverted, and on MAy 19 it became obvious to everyone the A-E was too eager. The D-E was going to be another deeper drop, and going to match the December Fractal a lot closer. Again we can thank BTC and ELON for this Plus CHINA. Fundamentals have not changed for ALGORAND at all, so it is unfortunate that this happened, but those who became bag holders, or early investors are stuck again HOLDing their asset, at least unlike many other alts, algo pays very nice daily reward :) The Key was counting A C and E as sub $1 supports , remember how i talk about holy trinities in crypto markets. Well i guess, this is it for ALGO at 70-80 support. It is sad to see your expectation fail, but luckly we are still in the game and Algo will prove that we are still right about it in the long term ----------------------------------------- **LEGENDS** BLUE = Bear/Resistance || Yellow = Bull/ Support Lines: Fractal dates are moments of interest, where price and time collide to create oscillation. the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind! Thank you, and stay strong my fellow CryptoPunks! Future belongs to the brave, and crypto is the future. _Ajion Please checkout my new beta product at : ajion.co/future - where you can see and trade with fractal power!
BINANCE:ALGOUSDLong
by Ajion
7
Algorand (ALGO) - June 15Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSD 1W Chart) If the price holds above the 0.76754798 point, we expect the uptrend to continue. (1D chart) We need to see if we can move higher from the 0.92350974-1.18903235 zone and move above the downtrend line. If it finds support by moving up to the 1.18903235-1.32179365 section, it is expected to lead to further upside. However, if it declines, it is expected that the downward trend will continue, so careful trading is required. ------------------------------------- (ALGOBTC 1W chart) To create a new wave, it must rise above the 4309 Satoshi point. It remains to be seen if support at the 2452 Satoshi point can be found and continue the uptrend along the uptrend line. If it falls below the 1970 Satoshi point, it may take a long time to rise as it enters the mid- to long-term investment area. Therefore, careful trading is required. (1D chart) It remains to be seen if we can climb to the 2792 satoshi-3000 satoshi section. If it falls from the 2374 Satoshi point, Stop Loss is required to preserve profit and loss. If it does not fall below the downtrend line, it is likely to rise, so careful trading is required. ------------------------------------------ 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 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. ------------------------------------------------------------ ----------------------------------------------------- ** 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)
BINANCE:ALGOUSD
by readCrypto
$4.77 Target for AlgoLike all of crypto... Algo has had a massive wave 4 pullback as the market was over extended, but as we look at the charts we can see that the STOCH RSI on the weekly is as low as it can go and basically on the floor. If BTC can start to recover in the coming weeks and get above $42k then we should see an ALT rally in July and Aug and this should lead us through wave 5 and Fib 2.618 target around $4.77 for Algo. The key is BTC continuation and ALT rally and we should be golden for Algo. Not financial advice.
KRAKEN:ALGOUSDLong
by EMA34TRADER
ALGORAND - Buy Setup Forming!As per one of my ideas, we were waiting for ALGO to approach the green support to look for buy setups. (attached below) Then we looked for a buy setup on H1 (also attached below) NOW WHAT? ALGO is still sitting around the green support and getting stuck in a range in the shape of a big ascending triangle as you can see in red. Before we buy, we want the buyers to prove that they are taking over again. on H4: we will be waiting for ALGO to break (candle close) the ascending triangle upward (projection in purple) preferably after forming a new swing high around it. Meanwhile, until the buy is activated, ALGO can still test the green support before upward. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSD
by TheSignalyst
19
Are 'staking altcoins' a safe play right now?FWIW, this is not financial advice - it is a dubious idea at best. I'm looking to 'chew back' some lost profit by very small simple trading on the larger altcoins that pose a second opportunity for traders than just price alone. I have drawn out some simple upward trendlines and an area of resistance that will be difficult to cross. Algorand bounced off an upward trendline and I bought in at that price. I sold Algorand profit at the top trendline. I am using the crossing below the 21-period EMA as the point that I am selling off the remainder. That is currently 1.02. Again FWIW and not at all a recommendation. Don't let this market or the doom-and-gloom get you down. Yes it may very well come crashing down. But that doesn't prevent us from making money in the meantime. We're in it to win it!
COINBASE:ALGOUSD
by chillcrypto