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) by readCrypto18
ALGO/USDPrice retested market structure and got rejected from demand zone and 61 Fibo. I think we can see $3 easy in the end of the bull market. Bullish on #ALGO DYORLongby ArturasFetingis5
ALGOUSD: Moonboi EditionThis not to be taken as financial advice as I attempt to lay out what I personally see as the "best possible" scenario for an Algorand bull in 2021. I have it topping out late in the year around $5 before a descent back to the $2s. Now, there are so many bullish catalysts for Algorand right now but there is also the possibility for extremely bearish catalysts (regulation, crash, actual bear market confirmation, etc). Good luck to all.Longby TitoLibido4410
ALGO next 2 monthsAlgo has formed an inverse head and shoulders pattern and in the semi-longterm will rise to around the fib level 4 over the the next 2 months. There's a possible entry point around the 1.272 to the 2 fibonacci support levels in the near term before we head to around $1.64. That should give you a shot at a 96-100% return so look out for it. Longby MoneroMo114
$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. Longby EMA34TRADER6
Possible small gain on a flat marketThe ALGO market is going sideways at the moment, but there is a chance for a small profit over the next few days. The weekends are normally fairly flat, so, in an already flat market, I don't expect anything wild to happen TP1: $1.16 TP2: $1.28 (but I don't see us breaking the 0.236 fib) I won't use a stop loss as I trust the long term project, but I would probably set one around $0.95 Longby crypthalUpdated 2
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! ~Richby TheSignalystUpdated 191947
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!by chillcrypto4
Algo - $3.36ALGO is currently trading above the support zone of $0.9774 and below the resistance of $1.2670. If it can break this resistance zone, we could start seeing a move towards $1.3944, $1.5599, $1.7706, $2.3793 and $3.3642. Failure to hold the support at $0.9774 could lead to a drop towards $0.7813.Longby cryptomathemagician117
algo long Parntership with ethereum and other sources to create Dapps along with pure technicals. S/R flip along an oversold rsi and regressing macd momentum downward indicating a reversal.Longby kleimanb81667
ALGO - Big Resistance Ahead, Looking For a BreakoutAs illustrated ALGO needs to break out of the strong resistance formed on top of the triangle, whose formation indicates sellers loosing steam for the moment. This resistance is both a local resistance in the triangle formation and the bottom of the trendline established last month and possible retracement point (the red line). So long as the price remains above its current ascending support I would say that ALGO is in range for a breakout. Let's see what happens!by benjo934
ALGOALGO at a make or break point here. a close below the 0.618 would put in a second relevant lower low, resulting in sell pressure towards the next order block ( if the demand is there of course )by ChenzTrades0
ALGO - Low Risk Buy Setup ALGO has completed the fourth wave of an impulsive move to the upside. Further upward movement is expected in wave five towards previous structure. This is a low risk buy setup since any price closing below the top of the first wave would invalidate the pattern, giving a very certain stop loss for this trade. I have marked this using the red line on the graph. Target: $1.35 Stop: $0.95 Let's see how things play out! Longby benjo936
ALGO - Looking For Buy SetupsALGO has made a breakout in price to the upside and is establishing a new ascending support trendline. Next, I expect a retest to confirm the new support and a rally up to +30% A buy setup forms if volume and buying pressure picks up at the 50MA. Let's see what happens! Longby benjo939
ALGO - Wait for the BreakoutMany are expecting another crypto flash crash soon and there has been a lot of selling pressure. However, I believe a strong support has been established as buyers continue to accumulate at the $0.80-$0.85 range. Both the range and standard deviation have narrowed which typically precedes a breakout. This tug-of-war between buyers and sellers has created a triangle pattern in which the final breakout will cause a large swing in the market. If we see a breakout above the local descending resistance, we will likely see a retest of around $0.94 If so, I will look for buy setups on the retest. Let's see what happens!by benjo937
ALGO - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow. ALGO is sitting around strong support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H1: ALGO is forming a trendline in red but our upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ALGO would be overall bearish can still trade lower and even break the green support downward. Good luck! All Strategies Are Good; If Managed Properly! ~RichLongby TheSignalyst303048