ALGOUSD trade ideas
Crypto In My BagALGO is my fav, but I'm heavy on CVC, HBAR & VET as well. Drew some lines on here. They'll change, bag composition will as well but my commitment to most of these jingle bags will not!
Dunno where my entries are, the only recent additions are 1INCH, AMPL, CRV, SOL & SUSHI. Will probably flip Sushi for something else soon and bag up on the rest.
Got out of ENJ a while back for a 2x but got back in during the recent consolidation. Might bag up on it, the Enjin games look the best of all the chain-games, imo.
ALGO: The Love of round numbers (^_^)This is no secret that cryptos have a strong affection for this phenomenon. ALGO is no exception and has been bouncing back and forth between every round number marked on the chart. Speaking of the chart, you can see the RSI is getting closer to the 75 percentile where it has been shown to be sensitive since our latest corrective move on especially after April 25th. Seems like the bears are still in disbelief that this thing is moving up and might cross past its previous high. Although, they might be right because our recent upward channel is pretty steep and could easily shift gears and head back down. But, we have seen Algo go down to 96 cents and recover within days and hit its ATH. So, who knows?!
On a higher time frame, though, our last touch of 95 looks like a double bottom when compared to our previous low on March 24th. And both of these lows are higher than what we had on Feb 23rd. So we're still good and should keep moving up. Also, in my previous analysis, I thought we may be forming a C&H but that's contingent on if this uptrend continues toward the previous high at $1.80. But we are far away from that and too early to call. For now, we are moving toward 1.45 and that's a solid 7.3% profit. Not too bad! But the RSI is moving up pretty fast and should take a break in between so it would be a rough ride.
ALGO liftoff underwayALGO finally appears to be clear of most of the resistance ellipses, and should be more free to fly. Of course, not much support on the downside for quite a ways, either. In any event, I’m expecting some more dramatic moves in the coming days.
ALGOUSD - Breaking above 50D MAForming a mis-shapen cup & handle, two recent big pumps but still trending sideways in a consolidation range. Pretty good entry if you're not in already, looking to re-test recent highs. I like ALGO because of the simple 6% interest w/o lock up, long term this should be banger, adoption presently a bit light but big things expected in the future.
ALGO/USDLeft : ALGO mustering bullish sentiment. defiantly a "long-able" coin in my opinion
Right : ALGO is currently in a symmetrical triangle and waiting to break out. The top tine has been touched 2 or 3 times, It will take only 1 or 2 more taps to break through. strong support underneath.
Lines are ordered in (mo) likelyness.
If falls into "red zone" look below for update.
ALGO trendline analysis through may 2A trendline based analysis of algorand through May 2nd, looking like some potential for gains but I also included orange mid level trends for stops in between the main changes, sort of an experimental indicator of partial lot exchanges.
ALGO looks BullishI love the project, but regardless of fundamentals, this looks prime for a move, technically, since it's an overall extremely bullish asset long term. The trend will be up; very up.
ALGOALGO looks great on the daily. obvi. as long as btc price holds up this thing looks primed for higher levels . just a basic analysis . full disclosure I own this asset.
ALGO to $1.05 or $1.03, the back up?ALGO has been following the bottom of the yellow ellipse down as BTC continues to drop. If that ellipse holds, it could ride back up after touching $1.05 or even $1.03. However, if it breaks below that ellipse, it’s unclear to me how far it falls from there.
Trade carefully.
ALGO - DIP BUYING LONG TERM INVEST. NOW 1 usd!Hello trading friends,
And here again with a discount coin of 1 USD! we expecting a long-term 2.50 possible target.
hold for a spot.
Discipline is the key to success - Take profit - Learn from your mistakes and never give up!
The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally.
if this appeals to you then learn yourself first before starting with trading.
#Always do your own research don't follow us or someone else blindly * this is not an advice
FOLLOW AND LIKE FOR MORE CHARTS.
---> Have a great day😃
Intense MarketsPrice likely going down to 150 Fibonacci retracement
Currently This kind of market display is not suitable to be making a trade in.
ALGOUSDT 1_month :// playn with some new setting on 1month viewplayn around with some chart setting
(this algo chart is valuable tho_ one of our og hodl_es but more playn around tonight figur'n what dips n projects want to re buy etc)
besides the main stream projects i talk about like algo ada avax cel all that looking at some sub 300-500 market cap hi risk higher reward alts
BLANK
DMST
ZKS
SWAP
STMX
LUNA
n others...
Bull market is not over, it is just getting started!Apologies for not streaming on Friday. I got food poisoned yesterday, thank you Taco
So the only thing i can do is share some of my findings for Algorand. I will be updating all of my daily macro.
So if you think Algorand somehow entering into a bear market you are crazy.
I noticed there is some interesting fractal patterns that are similar. Obviously it is not a certanty that it is going to happen this way, but if the direction is the same. It all that matters.
All that matters now is the next 2 weeks. As long as Algo holds $1 for 2 weeks, we can expect the price return to higher levels. So we have to watch price careful but i am bullish are you?
__REVIEW__
Fire sale territory it appears to be anything under a $1 right now. Look how we are still defending the trend.
We did not hit our target $4.8. This means we need to scale everything down. as Wave 1-2 is $1.8 to 90c.
And the 2-3 wave would have to toward 5-6$
__FRACTAL__
For 3H time frames i don't write fractals as we usually get a lot of them
**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
Daily Update on ALGOHey guys, Algorand ended up meeting the 200EMA yesterday and was quickly bought up to the bottom of the channel (where strong resistance was met). The sentiment at the moment is short term bearish and we have no confirmation on completing wave C. I'm expecting another dip in the short term to confirm wave C (possibly a double bottom (near 200 daily EMA or extension off the 200EMA as shown in the chart). Long term sentiment is still positive for ALGO and we still need wave 5 completion, so buy the dip, dollar cost average and stake. You will be rewarded when the 5th wave comes. Thanks
ALGO is still within the broader bullish trendBroader trend is still bullish .
Will watch closely to the price action of BTC . If it breaks 50k support then this idea will be invalidated.
Will start a trade early if I see bullish formation like a double bottom or other.
ALGO / USD
Entry ~0.98$
TP ~1.79$
SL ~0.85$
ALGOUSD (NOT SUGGESTED#ALGOUSD #ALGOUSDT
The price broke the red zone, if it break the downtrend which is predicted the price will drop to 1
