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Algorand

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ALGOUSD trade ideas

Will Algo Price Jump Above The $2 BarrierThe weekly technical chart for Algorand showcases a bullish momentum.ALGO price is showing signs of consolidated momentum on coming to the daily chart.Its price is trading above 50 and 100 Moving Average.The 50MA price is at $1.18, making it temporary support for the coin. The coin's resistance on the upside will be at $2.03, and on the downside, it will see a bounce back from $1.02.Algo price is currently inside the accumulation zone on the daily chart.If the price breaks 10% above the parallel channel then a strong bullish momentum upto the point of $2 can be seen. Kindly comment your thoughts here
KRAKEN:ALGOUSDLong
by tcr_thecoinrepublic
4
ALGO alt Crypto BOOM?ALGO has seen exponential growth since last year. I have plotted a few key indicators that allow you to understand the potential growth on this cryptocurrency. We have seen clear retracement on Fibonacci levels which could be used as BUY points. The key support and resistance levels could be plotted by drawing a Pitchfork , that clearly identifies these levels. Support and Resistance on the Pitchfork could be used as BUY and SELL points for swing traders, while HODLers could find more buying opportunities at any current price due to their hopes of exponential increase. The yellow bold line is used as a 'Schiff' line that is plotted using the pitchfork , breaking through this line could mean a break in the trend, we clearly see it bounce off this line. Trade this alt coin in hopes of exponential growth, but beware, like other alt coins, it is not so STABLE. This is published only for educational purposes LIKE for more! Thierry Leave a comment that is helpful or encouraging. Let's master the markets together
COINBASE:ALGOUSDLong
by TraderThierry
ALGO looking great.Here are some key resistance and support lines. I'll be looking to see if ALGO will hold the blue increased support levels and if it does not, I'll be looking for buy setups around $1.10 or below. Note the MACD prior to the last massive swing up in February. We seem to be going through a similar pattern through March coming into April hanging around in the .025 to .05 range. I'm excited for more ALGO action as we get further into this crypto market bull run. + this is my first published chart so I'll hopefully improve
KRAKEN:ALGOUSDLong
by mascher7675
2
ALGO channel top once againAlgorand looks to be testing the top of an ascending channel (red dashed lines) once again similarly to how it did at the end of March. A break here could be a great sign for ALGO as it could signal a new ATH , but there is also bearish divergence forming both on the 4-hour chart (blue lines) as well as on the daily chart . If resistance holds here, it could send the price sub-$1.20 if the bottom of the channel gets tested next. Additionally if channel support fails, it could send the price sub $1. Ultimately any price changes in BTC could easily influence the direction over the next day, so there is much uncertainty here, but also much potential for the trend to change in either direction. ALGO looks to be interesting to keep an eye on either way over the next few hours/days.
BITTREX:ALGOUSD
by crypto_trends
2
Possible divergence at ALGO Algorand has had a good last week of recuperation with +30% boosted by the general recovery of all currencies especially the Altcoins. 2-3 days ago it bounced off the resistance of the bullish channel which it has not been able to break and came close to the $1.20 level where there was strong buying from the people. Currently it is a bit far from both the EMA and MA 20 last sessions. To note the clear bearish trend generated by the average volume in the last 5 sessions that could generate a bearish divergence to the price. With all this I could expect a break towards the bottom of the channel that could coincide with the support of $1.18-1.20 and then bounce again to the top of the channel breaking all the resistances in between. Algorand lleva una buena ultima semana de recuperación con un +30% impulsado por la recuperación general de todas las monedas especialmente de las Altcoins. Hace 2-3 días reboto con la resistencia del canal alcista que no ha podido romper y se acercó a buscar los $1.20 donde hubo una fuerte compra por parte de la gente. Actualmente se encuentra un poco lejos tanto de la EMA como la MA 20 ultimas sesiones. A destacar la clara tendencia a la baja generada por la media del volumen en las ultimas 5 sesiones que eso podría generar una divergencia bajista al precio. Con todo esto podría esperar un descanso hacia la parte baja del canal que podría coincidir con el soporte de los $1.18-1.20 para luego rebotar otra vez hacia la parte alta del canal rompiendo todas las resistencias de en medio.
BINANCE:ALGOUSD
by GuillemGM
ALGOUSD inverse HEAD AND SHOULDERS?Algo looks like it is creating an inverse head and shoulders pattern. Lets see if it will complete the yellow line and break the neck line labeled with the purple arrow. If we can break out of this and the channel we can see us at our local high around $1.84. We can also view it as a cup and handle possibly I like to keep my ideas short, brief, clean and clear right to the point. Do you own research. Good luck and happy trades this is not trading advice
COINBASE:ALGOUSDLong
by MrTradingDay
2