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ALGOUSD trade ideas

Breaking an ascending triangle to 1.6This is my own technical analysis of Algorand's one day chart. The chart is forming an ascending triangle on the one day time line. If we close the day above the upper resistance line of the ascending triangle (1.2), the next target should be 1.6. The increase in volume from yesterday and today confirm that this is a true breakout. I think we will close above the 1.2 resistance line because we can see on the MACD indicator the red and the blue line are intersecting. We can see from the white arrows that each time they intersect a trend change happens. In this case since the blue line is starting to cross above the red line, the trend will be upwards. We should be hitting 1.6 this week. Good luck
COINBASE:ALGOUSDLong
by iwkatibah
ALGOA little explaining to do... Was looking at this chart and noticed some symmetry (not perfect but close). I highlighted the purple box and grabbed the fractal within it. Flipped the fractal to a mirror image and changed the color to yellow and it overlays perfectly...also follows the pitchfork pretty well. I have highlighted the price target in orange which coincides with this charts ATH. The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
BINANCE:ALGOUSDLong
by RozeRoze
Algo: Going the DistanceWe may be on the cusp of Algorand's long-awaited moment. I suspect the long period of consolidation has come to an end and the big boys behind the trading bots will be wanting a return on their investment very soon. Plenty of noob demand will be wanting to take overpriced Algo off their hands when the pump begins, but not you, right? You'll be swimming alongside the sharks selling it to those same unsuspecting noobs, right? Good, cuz it's eat or be eaten in this world! Stay safe in the feeding frenzies by following my charts. *Not financial advice; trade at your own risk. Utilize a stop-loss to mitigate that risk. **If you have strong hands, patience, and like big wins and big money, follow me. I track all the USD-paired cryptocurrencies on Coinbase (and many others) and regularly seek out the most potentially lucrative swing trades for you. All my charts are clean, straightforward, and easy-to-follow. My technical analysis is based upon Wyckoff phase analysis, Elliott wave theory & Fibonacci ratios. If some of my sell zones seem conservative, it's only because I believe in exiting while still holding the fat money bags! The more intrepid traders can let the winners run a bit longer if they choose. Good luck and safe trading to all! Swing trade wins so far for March 2021: 1. Filecoin (14 Days) 31.92% 2. Kyber Network (7 Days): 12.09% 3. Loom Network (10 Days): 66%
COINBASE:ALGOUSDLong
by jalapablo
5
ALGOUSDT ://LONG all dayDONT let these BIG guys_WALES send money to exchanges just so we all get spooked and they get our crypto cheep. nothing has changed _ BUY the DIP in every project u believe in algo is finaly getn some play_ my brother inlaw came over the other day and told me about algo love it. anything in low 1.00s great under 1.00 or close to it is a gift _1inch looking a bit mad but think if u can afford start taking a stronger position from here on down. just be carefull if she drops hard hard another .50 cents _ALGO looking good _ADA i still think can be got under 1.00 but if u can afford it grab and stake same with algo but maybe 1.10 n less there but less possible on algo _ she getn her rite full hype _AVAX avalanch get all u can under 30 a steal.... 500 to run a node... _vet doing it and will continue so buy those dips. 60s great 50s good luck _DOT ya u want some dot exsposure kinda like snx etc etc etc anything in low 30s n under 30 great if she breaks 28 ish look for some wild dips _like some LOW 30k YFI anything under 30k a steal steal _BAND n OMG r good HODLs esp small to med bags so BUY THOSE DIPS everyone n dont forget about ur exchanges VGX CRO CHSB FTX N THE NEW ALMIGGHTY BNB _______ZKS is the one esp for mid to longer term stake ops rite now at around 500 to 200 percent depending on what u go with. _we chose the 1 year staking contract and the eth zks lLP for 500 percent for now and we will continue to go after next best APY ZKS ( just found out u need 50 zks on zkswap layer to or 200 usd in tokens to be active_ so if wanting to run the 500 APY n need to send ur LP tokens to layer one make sure n keep 200 usd or 50 zks in ur layer 2 ZKS wallet) option etc etc etc TRUST swap be strong and team aint playn also like UTRUST doing a merchant crypto payment thang DMST is into everything gaming NFTs n whatever else u can probably think off in the artistic crypto innovative space. other longer shots worth looking at_watching DDIM LINA LUNA_TERRA VGX STMX INJ LIKE RAMP UNISTAKE just like the 61.7 ECOfi n to a lesser more got hustled_scamed YFPEER _tokens I have no idea how I got but need to look deeper. THOSE last few are small few hundred positions that looked good at the time but need more research ie that’s how trust swap started for us shit n CEL_ then !inch airdrop n now ZKS airdrop n APY hunt B$ word gets out Any one KNOW anything about the OPTIMISM..io uni snx etc layer 2.0???? _UNI man if she hit anywhere near low 20s n under get all u can same with _SNX at 16 17 n under. _Sushi under 20 to 18 depending on ur bag situations is a win. dont forget to buy eth and btc ya all _HGM T3Am
COINBASE:ALGOUSDLong
by HustleGrindMomentum
1
Two lines of resistance/supportLets look at that green line and white arrows first. This was the lower level of support end of Feb and early March before it broke down to that other lower green line of support switching to use this line as the upper bound which has capped this run to date. The other level of resistance is around $1.23 (and lines up with the .382 fib retracement level) which was a resistance level in the last bull run where the price paused for 2 days before running up to $1.86, then was the upper bound of the wicks over the last 2 weeks before the break through this morning. So if you believe in the self fulfilling prophecy that is Fibonacci levels, then we could see Algo hitting $2.49 if we get price volume in as we saw last month.
COINBASE:ALGOUSD
by spiritedBear89562
1
ALGO - One More Confirmation To Shoot!ALGO is overall bullish from a long-term perspective and it is currently in the corrective phase. Since it approaching a demand/support area, we will be looking for buy setups to catch the next impulse. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? ALGO formed a channel in blue and broke it upward, then got stuck inside the red channel. So for the buyers to fully take over, we need to see a break above the previous swing highs. Our upper red trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above the gray zone. Meanwhile, until the buy is activated, ALGO would be overall bearish and can still test the green demand/support zone before going up. In this case, we will be looking for new buy setups to form. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
COINBASE:ALGOUSDLong
by TheSignalyst
51
ALGO dropping.ALGO finished the Adam and Eve pattern and retested the neck line. Price is now dropping to the .67 then the .52 resistance areas. In the short term I'm bear on ALGO. In the long term, after this cycle completes, I'll be holding until a price in the $5-10 range while collecting an APY. In my opinion the current midterm trend dictates a price of $.50 - .70. My thoughts on ALGO, holding offers a 6.35% on staked coins. Not a bad return on savings in my opinion. The cap on minted ALGO coins is 4billion and the adoption of ALGO looks promising. Transfer rates appear to be very fast compared to competitors like ETH. Amount of transfers per second is higher than ADA and DOT. ALGO Foundation states they want the market place to dictate the price of coins. I'd assume as coins are held to capitalize on the APY the price may increase as the amount of coins in circulation decreases. This could trigger more holders to sell and take some profit which would increase the coins in circulation. I'm curious to see how this model of Supply v. Demand plays out in the real world.
COINBASE:ALGOUSDShort
by etw01
2