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Algorand

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ALGOUSD trade ideas

XLM , good buy .Sup folks , posted about xlm just to let you know its cheap , i have drawn an accumulation zone which right now the price is in and you can start accumulating , in my idea we gonna have most of the 2024 bullish and xlm is one of the coins that repeats its history , my target for it will be close to previous ATH and im not sure it can break it as theres so many new freaking good coins in the market but its an easy gain in case you have the patience with antique , good luck lads .
CRYPTO:ALGOUSD
by mastershark
2
How ALGO Can Prolong The Ongoing Recovery?Gradual Growth in Bullish Momentum: ALGO's price trend shows a steady increase in bullish momentum, hinting at an upcoming breakout rally. Rounding Bottom Formation: The 4-hour chart reveals a rounding bottom pattern, indicating a potential exit from short-term consolidation. Potential for a 20% Jump: A breakout could lead ALGO's price to rise to $0.1717, a 20% increase. Altcoin Market Recovery Anticipations: With the altcoin market gaining momentum, there's heightened anticipation for market recovery. Bullish Turnaround in Consolidation Range: ALGO displays a bullish turnaround within its current consolidation range. Trend Continuation Pattern: Analysis suggests a high likelihood of the prevailing uptrend continuing. Increased Trading Volume: A surge in trading volume supports the possibility of a speedy upward move. Consolidation Range Between $0.12 and $0.15: The price has been moving within a consolidation range, showing volatility. Higher Low Formations Near 200 EMA: Frequent higher low formations near the 200 EMA suggest strong demand. Current Trading Price: ALGO is trading at $0.1415, following a 4.26% jump, with an intraday growth of 1.51%. Technical Indicators - RSI and EMA: The RSI is nearing the overbought boundary, and a potential golden crossover between the 50-day and 200-day EMAs is on the horizon. Breakout Rally to $0.15: The formation of a rounding bottom pattern suggests a breakout rally that could challenge the $0.15 mark. Downside Risk: A reversal from key levels could see a retest of the 200 EMA at $0.1277.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
same but 4hr #ALGO viewALGO is tricky due to the tokenomics ie the early investors got special privileges to sell at reduce loss etc etc etc. (token was released at sever dollers like 4usd or some such) the good news is this is a MIT sponsored project thats def on the short list to be used by some government for some project at some point T and A looks strong and shes long time due for a run. a lot of old school support at .25 to .33 so there is room for a run b4 the long term HODLers wake up to take profits/break even
COINBASE:ALGOUSDLong
by HustleGrindMomentum
same as last post just 1 month #ALGO viewALGO is tricky due to the tokenomics ie the early investors got special privileges to sell at reduce loss etc etc etc. (token was released at sever dollers like 4usd or some such) the good news is this is a MIT sponsored project thats def on the short list to be used by some government for some project at some point T and A looks strong and shes long time due for a run. a lot of old school support at .25 to .33 so there is room for a run b4 the long term HODLers wake up to take profits/break even
COINBASE:ALGOUSD
by HustleGrindMomentum
Will ALGO Shine Brighter This Year?Bullish Sustenance: ALGO displays bullish sustenance above the 200-day Exponential Moving Average (EMA). Golden Crossover Potential: There is a high possibility of a golden crossover due to the rising 50-day EMA. Uptrend Momentum: ALGO price could cross the 200-day EMA if the current uptrend maintains its momentum. Impact of US SEC Decision: The US SEC's nearing decision on the Bitcoin ETF is influencing the market, with Bitcoin sustaining the $36,000 mark. Altcoin Market Recovery: With the altcoin market turning bullish, Algorand showed resilience, rebounding from the $2.3 support. Bullish Reversal Pattern: The formation of a rounding bottom pattern indicates a bullish reversal and a new recovery phase for ALGO. Significant Price Recovery: Over the past month, ALGO has seen a steep recovery, jumping from $0.0877 to $0.148, a 69.2% increase. Breakout and Recovery: Post-breakout, ALGO reached a four-month high of $0.1452, indicating a solid recovery trend. Rounding Bottom Pattern: This pattern suggests a transition from a downtrend to a sustainable recovery, with a potential price target of $0.03. Technical Indicators: The daily Relative Strength Index (RSI) is near the overbought boundary, and the 50-day EMA is rising, indicating bullish momentum. Sustainment Above 200-day EMA: The analysis questions if ALGO can sustain its jump above the 200-day EMA amidst the recovery rally. Retracement Levels as Safeguards: The 38.2% and 58% Fibonacci retracement levels are identified as potential safeguard or stop-loss levels in case of pullbacks.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
ALGO - Shakeout / Accumulation / Bull MarketALGO looks like a tight accumulation here and it may have a big pop to join that party with other ISO20022 coins XLM XRP XDC. Liquidity SRP Shakeout Reversal Pattern at ATL All Time Low complete and now it would appear it is ready to move on up. ALGO is a big deal ISO20022 coin and this is probably the exact bottom of a major bull market. I mostly give these calls to my clients first but this one I give to TradingView in prime position. More calls like this in the pipeline. This should be an ideal entry; right here 👍. Not advice.
BINANCE:ALGOUSDLong
by dRends35
6
Historic Moment For Algorand Algorand is at a historic moment regaining the 13.5 cent support area. Weekly & Monthly chart are showing potential for a big rally. This coins ATH is $3.15 or 23x the current price. Take a look at that squeeze on the Bollinger Bands! Price has been very suppressed on this project if you look at the larger timeframes. The boom/bust cycle symmetry is there and there is now potential for exponential growth! TV please don't delete my post! This chart has the potential to age very well! Always invest at your own risk! Im basing this trade over the next 3 to 12 months. Don't sleep on Algo!
COINBASE:ALGOUSDLong
by observingthetrade
Will ALGO price cross above the 200-day EMA?Channel Breakout: ALGO's price action indicates a bullish channel breakout, eyeing the 200-day EMA. Golden Crossover: The 50-day EMA's rise hints at an impending golden crossover, a bullish signal. Market Performance: Algorand emerges as a top gainer, reflecting a positive market sentiment. Technical Indicators - MACD: The MACD's bullish trend in positive territory suggests strong momentum. Technical Indicators - EMA: The 50-day EMA's potential crossover with the 200-day EMA could provide dynamic support. Intraday Trading: ALGO is trading at $0.1205, with a significant 5.47% overnight increase. Upside Potential: A sustained move above the 200-day EMA could propel ALGO towards the $0.15 level. Downside Risk: Any pullback from the 200-day EMA might see ALGO revisiting the $0.10 support zone.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
Is Algorand ready to hit the $013 mark?Current Status: ALGO is trading at $0.1063, with a recent overnight jump of 4.72%. Resistance Level: The $0.1085 mark serves as a significant resistance level for ALGO. Technical Indicators - MACD: Rising MACD and signal lines, along with growing bullish histograms, indicate increased buying pressure. Technical Indicators - EMA: The bullish breakout of the 50-day EMA suggests a possible golden crossover with the 200-day EMA. Recent Performance: ALGO has broken its short-term downtrend, rising from $0.088 and surpassing the 50-day EMA. Potential Targets: If ALGO breaks the $0.1085 resistance, it could aim for $0.1327. Downside Risk: A reversal from $0.1085 could lead to a drop to the 50-day EMA at $0.0987. Market Sentiment: Overall sentiment is bullish, especially if ALGO can break the $0.1085 resistance. Long-Term Trend: ALGO has reversed its short-term downtrend and is now showcasing a rounding bottom pattern. Market Catalysts: The overall recovering conditions in the crypto market could boost investor confidence in altcoins like ALGO. Long-Term Outlook: Algorand price predictions are optimistic, given the improving market conditions and technical indicators.
COINBASE:ALGOUSD
by Coinpedia-Market-Insight