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ALGOUSD trade ideas

ALGO - STILL BULLISH: NOW forming Elliot Wave 2-3📉Hi Traders, Investors and Speculators of Charts📈 If you've been following, you'll know I'm fundamentally bullish on Algorand. And it gets better than fundamentals - we are currently witnessing a similar fractal that played out on ALGO during early days - the Elliot Wave Fractal. From the macro perspective, we can see that Algorand has a long way to go before reclaiming previous highs, unlike many other altcoins. It's hard to find an altcoin with good fundamentals tat still has 2000% upside potential, away from previous all time high. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:ALGOUSDT
BINANCE:ALGOUSDLong
by CryptoCheck-
5
ALGO/USD possible BULL run comingI recently posted my idea about nested LINK patterns and am seeing something similar in ALGO. The ALGO 1D chart is showing a cup & handle pattern. I put the target between .42-.64 depending on whether you start the up move from the top of the cup or bottom of the handle (not sure about that). ....but if you zoom out, it looks like this cup is the head of a potential inverse head & shoulders and the handle might be the 2nd shoulder. This pattern has played out with ALGO before. There was a big inverse head & shoulders bottom (light green) in 2020 and a big head & shoulders top in late 2021 (magenta). These patterns look a little cleaner in the 1W or 1M charts. Happy trading :) "NOT FINANCIAL ADVICE"
COINBASE:ALGOUSD
by BossHog1
2
3 MACD strategy creation...I am looking to create a strategy but I need help please. I've been using 3 MACDs. - MACD 1 = 1 Day - MACD 2 = 4 Hour - MACD 3 = 1 Hour The strategy is that I am using the 1 Day and the 4 Hour as trend indicators. Both of them have to be rising, then the long is taken when the 1 Hour MACD crosses above Zero at candle close. If the 'trend' MACDs are rising and the 1 Hour rises crossing above zero, I take the Long. So far I'm doing this manually. I've been watching videos and reading pine script examples but I just don't get it. I've tried AI to help write it. No luck. Is this simple enough that someone could create this / write this for me/us? Thanks!!! - Scott
COINBASE:ALGOUSDLong
by ScottParrWeddings
2
Oppression, Suppression, Innovation, wealth...Another example of the psychological market manipulation. 3 examples Bitcoin, Ethereum and Algo. Bitcoin and Ethereum vs Algo. Compare yourself and look at support and resistance levels of all 3. Determine for yourself what is the best investment. Algo = massive growth cycles moving forward into the future. Like buying bitcoin or Ethereum 5 to 10 years ago. Potential is HIGH fees are the lowest and speed is amazing. Resources to manage the Algo token is the lowest in the crypto industry. The next competitor is being suppressed and the explosion money flow wave is coming. Bitcoin = stability, structure and money flows in cycles. Bitcoin had massive growth and as time goes on the growth will be less and more stability but price could still go up overtime. Negative effect is dominance. Bitcoin dominance needs to drop below 20% Ethereum = Profitability and exchangeability throughout the crypto market scaling to be competitors. Negative effect is gas fees. Holding Bitcoin and Ethereum is smart. Holding ALGO is smarter.
COINBASE:ALGOUSDLong
by UnknownUnicorn35774657
5
ALGO Price Analysis: A Rocky Road Ahead?Bullish Failure: ALGO's inability to sustain its reversal rally above $0.24 leads to a sharp decline. Critical Support Breached: The price falls below the key level of $0.20, indicating increased bearish pressure. 50D EMA Struggle: ALGO is currently experiencing high volatility around the 50-day Exponential Moving Average (EMA). Potential Bearish Pattern: The breakdown of the rounding bottom pattern hints at a possible further decline. Recent Drop: ALGO has seen a significant 21% fall within just two weeks. Market Influence: The broader market slowdown, particularly post-Bitcoin crash, impacts ALGO's trajectory. Short-Term Bearish Outlook: The immediate view on Algorand is bearish, contrasting with longer-term bullish predictions. Trading Volume Spike: A noticeable increase in trading volume correlates with the selling spree. Evening Star Pattern: A bearish engulfing candle forms, contributing to an evening star pattern, but with limited resistance. RSI Indicator: A sharp drop in the Relative Strength Index (RSI) below the mid-line signifies a strong bearish momentum. Recovery Chances: If buyers can consolidate and regain strength, there's a possibility to reclaim the $0.20 level. Downside Risk: Failure to recover could lead ALGO towards testing the 200-day EMA.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
2
RUNE Price Analysis: Is $7 on the Horizon?Current State: RUNE price faces a downturn, currently trading at $4.53, teetering around a key support level. Recent Drop: Experienced a significant 10.54% fall last night, signaling potential market volatility. Key Support: Finds itself at the critical $4.50 mark, a pivotal point for the upcoming price trend. Technical Formation: A potential double bottom pattern is forming, indicating a possible bullish reversal. Below 50D EMA: RUNE is currently trading lower than the 50-day Exponential Moving Average. Fibonacci Levels: The price aligns with the 50% Fibonacci retracement level, adding to the crucial support. Bearish Engulfing Pattern: The formation of a bearish engulfing candle at the 50D EMA hints at heightened selling pressure. Market Sentiment: Despite the broader market downtrend, RUNE's technicals suggest a reversal might be imminent. Intraday Candle: A Doji stick in the daily chart is teasing a potential morning star pattern, a bullish sign. RSI Indicator: Shows bullish divergence, further supporting the reversal theory. Volume Spike: A noticeable spike in trading volume could fuel the potential upside. Upside Potential: If the bullish reversal materializes, RUNE could target the $7 level.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
2
ALGO - Next Wave Up ⏫It would appear that the next wave up is underway. To remind, ALGO printed a shooting star and that would very often signal a top / significant correction. But crypto is really warming up now and ALGO appears to be into the next wave up already. It wasn't entirely clear because we have multiple tiered 3 wave corrections. And ALGO has not even hit the 0.382 retracement which could be somewhat expected after a shooting star candle on the 3 day chart. But notice the bounce rolls into a contractive re-accumulation pattern (green box) and now we have seen a small breakout from it. Its not impossible of course to see further corrective price action perhaps if BTC slumped. But right here it would appear the next wave up is underway 🧐. ALGO is looking solid and things are getting very interesting. Not advice
BINANCE:ALGOUSDLong
by dRends35
8
ALGO Price Prepares Bull Run Beyond $0.30Stellar Reversal Rally: ALGO showcases an impressive 26% jump, indicating a bullish breakout from a rounding bottom pattern. Two Consecutive Bullish Candles: The significant rise is marked by strong bullish activity. Testing Key Psychological Levels: ALGO approaches the $0.25 mark, setting sights on $0.30. Remarkable Year-to-Date Growth: ALGO's 45% growth this year suggests a strong market presence. Potential for a New 52-Week High: The current momentum could lead to record highs in 2023. Strong Market Cap Milestone: ALGO's market cap surpasses $2 billion amid a 142% three-month rally. Neckline Breakout: The crossing of the $0.22-$0.23 neckline underlines the bullish breakout. High Trading Volume: A surge in trading volume bolsters the current uptrend. Technical Indicators: Bollinger Bands and MACD both point to a continuation of the bullish trend. Future Price Potential: If ALGO sustains momentum above $0.25, it could potentially target $0.30 and beyond. Possible Reversal Point: A reversal from $0.25 could lead to a retest of the $0.20 support level.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
Can ALGO Step Beyond This Neckline?Reversal Rally Reaching $0.20: ALGO's ongoing reversal rally is gaining momentum, currently reaching around $0.20. 32% Jump in Last Week: The bull run has resulted in a 32% increase in ALGO's price in the past week. Potential Surge to $0.2834: The high momentum bullish rally might soon surpass $0.25 and reach as high as $0.2834. 18% Year-to-Date Growth: Despite a challenging year, ALGO has seen an 18% increase in its price year-to-date. Support at $0.0912 Level: ALGO has taken multiple supports at the $0.0912 level, showing rejection of bearish dominance. Boost from Uptober Rally: A boost from the Uptober rally helped ALGO break multiple barriers, indicating a strong comeback. Rounding Bottom Pattern in Weekly Chart: The reversal rally has formed a rounding bottom pattern in the weekly chart. Current Trading Price: ALGO is trading at $0.2047, with buyers attempting to sustain it above $0.20. Technical Indicators - Bollinger Bands and MACD: Bollinger Bands stretch upward, signaling a bullish phase, while the MACD supports the possibility of a breakout rally. Bullish Actions Tease Sustenance Above $0.20: The bullish trend continuation pattern suggests a potential breakout above $0.24. Risk of Retesting $0.1717: If there's a reversal, ALGO may retest the $0.1717 level.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
2
ALGO/USD COINBASSE $ALGO ALGO ALGO Long hereEURONEXT:ALGO looks to be ready to take another leg up in this channel its in. Again it depends if #Bitcoin hold its sideways slow grind up price. #charts #crypto #alts #altcoins 1hr green DOT and in the money flow with a trigger wave along with break out of the descending triangle Ride nicely in the rising channel represented buy my thick red lines top and bottom of pattern. I have 2 million Algo coins bought at .15 cents i feel this can Easly double quickly. lets go !!!
COINBASE:ALGOUSDLong
by WAYYYYUP
Is ALGO Ready Reach $0.20?Consolidation Range Breakout: ALGO shows a breakout from its consolidation range, aiming to rally beyond $0.1717. 25% Jump in Eight Days: There's been a significant 25% increase in ALGO's price in the last eight days. Potential to Surpass $0.1717: The current bullish rally could soon exceed $0.1717, targeting $0.19. Bitcoin's Influence on Altcoins: Bitcoin crossing the $40K mark has positively impacted altcoins, including ALGO. 85% Jump in 50 Days: ALGO has experienced an 85% increase in the past 50 days, indicating rising demand. Bullish Reversal from $0.088: ALGO's bullish reversal started from $0.088, showing strong market performance. Uptober Rally Extension: The bullish trend from October continues, with high spirits in the ALGO market. Current Trading Price: ALGO is trading at $0.1657, with a recent 7.32% overnight jump. Technical Indicators - RSI and MACD: The RSI indicates increasing demand, and the MACD shows momentum post-bullish crossover. Target of $0.19 and $0.20: ALGO has the potential to reach $0.19 and possibly $0.20 before the end of 2023. Risk of Retest at $0.15: A reversal from $0.1717 could lead to a retest of the $0.15 level.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
3