ALGO Drop Holds TrendlineHrm. Identifying range values for accumulation but otherwise chillin on this one. Need more time.
ALGOUSD trade ideas
ALGO.X: Possible Cup-and-Handle formingAlgo has all we need for a currency. It worth more than a dollar already but should worth 5 times more. There is going to be a little dip in the short term but long term, Algo will worth 5 dollars. Watch for this handle forming within the next month, and then there is the moon.
PUMPS AND DUMPSIs every pump followed by a dump? IDK but tell me what you think.
Not financial advice =)
History doesn't repeat, but it rhymesA little Saturday afternoon Hopium.
The last 2 cycles for Algorand saw 650% and 730% rises, followed by a 70% and 55% fall.
If we take both of these cycles and extrapolate – we're looking at a $6.40 price target near the end of June with a likely correction trough July down to $2.55 after.
Just gotta zoom out sometimes.
ALGO taking offALGO had pushed up into the larger ellipse shown. If the current daily candle closes above that lower boundary, I expect either a parabolic run, or a bounce up the bigger ellipse. Could also see it drop under the bigger ellipse and bounce between it’s lower border and the ellipse drawn below it.
Algo ATH Break threw soon.Algo have been breaking all resistant's. Almost breaking the last one. Coin have a 6%-10% stake on dif exchanges. Gain Algo while holding. Continue to monitor this coin. Follow me for daily analysis.
Algo: With a MicroscopeJust an update on a previous idea... seems be be playing out so, I would personal like to set longs with tight stop losses. Not Financial Advice... Cheers!
10X Before Next Staking Rewards DistributionInteresting pattern tied to the dates of the staking rewards distribution
Could we see a 10X run up starting in July before the September 1 staking rewards distribution?
ALGO Rising Wedge?Just considering this scenario. I'm not so sure I am looking at this the right way but what do yall think?
Possible ALGO price actionThis is where I'm guessing ALGO is going. I'm waiting for the MACD to break upwards or at least go flat. THIS IS NOT FINANCIAL ADVICE!
My Two Favorite Love Coins $ALGO and $ADA Continuing to follow around these guys like the poparazzi $ALGO vs $ADA
Algo: Testing IncomingIf you don't think this thing will at least retest previous all time highs you're crazy! Not financial advice... Cheers!
ALGO Long Position We can clearly see a rising wedge I used this wedge quite a lot.
I have stop loss below the support trend.
That should be a possible swing option.
ALGO getting ready for takeoff?I’m long term HODL on AlGO, so will probably pick ip some more if/when it visits the green dash. If it hits the yellow price points, I’ll probably also pick up some more, but will be watching the price action to see if it makes more sense to wait for a bigger dip. For instance, if it starts headed to the red dashed level down the inside of one of the smaller ellipses, it might not be quite ready to blast off up the bigger green slope.
Anyone else out there use ellipses for analysis? Still discovering the effectiveness and drawbacks myself, but still finding it fascinating. It’s been helping me figure our good TP and buy levels, but not perfectly, and it doesn’t help with knowing if/when a high volume event will cause an abrupt break out of an ellipse to the up/downside. Still looking to other indicators for that.
Algorand - Double your Money!!Hi guys, this is a Macro outlook on Algorand from the daily logarithmic chart. I titled it double your money because I believe we are either in a leg three wave or leg 5 wave on the macro perspective heading towards the $3 mark. If we are in the third leg, well we can be a bit more bullish on our macro target and say we are heading beyond the $3 mark. If it's also the 3rd leg of this trend, there is a chance to dip back down below the mean channel which would present a good buying opportunity, however don't be waiting for it to happen. I would be dollar cost averaging this idea, and also reinvesting my stake back into ALGO as we trend higher. I also believe if we are in the leg 3 of the elliot wave, we may see a cup and handle formation if we complete the 3rd leg at the all time high. The 4th leg would then be the handle.
Please feel free to comment your opinion on my chart, always keen to learn more. Thank you :)
Slow and Steady for Algorand*Not Financial Advice*
Algorand is the first crypto I got into (after BTC) so of course I dove deep into it. I don't expect this coin to moon in a matter of days so this is definitely a long term hold due to it's uses.
Looks like a rising wedge pattern to the ATH of 1.86. Expect resistance along the way but eventually hitting $2 and beyond.
