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ALGOUSD trade ideas

ALGO Update and Price PredictionHey guys, looking at the chart I'm quite confident we have finished the 4th leg of the Elliot wave now, and have had a running flat ABC correction. With this in mind, where do we go from here for the 5th leg? Well in my opinion a not so greedy price prediction for the 5th wave would be in the $2.5 - $3 range. This would complete either the 1.618% inverse fib extension or the 61.8% combination of both wave 1+3. However for those who want to take a bit more risk we could have a impulse extension wave which would put the price beyond this. ($3-$5 range at a guess based on Fibonacci extensions). There is going to be a re-structure of the ALGO stake distribution towards the end of this year to a new governance system which will require locking up ALGO for stake rewards. This might effect price when approaching the end of the year (positive or negative), so keep an eye out. However the sentiment is bullish still and the 5th wave is yet to complete. Thanks.
BINANCE:ALGOUSD
by dp4379
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.
COINBASE:ALGOUSDLong
by lazytrade
2
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.
COINBASE:ALGOUSDLong
by MarkitMaven
4
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😃
KRAKEN:ALGOUSDLong
by watchtrend
2
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
BINANCE:ALGOUSDLong
by Ajion
5