ALGOUSD trade ideas
Could Algorand be making a potential Giant W pattern?Not sure at all if this will play out but just a potential idea for a double bottom reversal pattern
Crypto Market & ALGOUSD Technical Analysis & Predictions 3/12/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Interesting outlookLooks like the sellers are running out of stream and buyers are jumping in. look at the TTM, there is a squeeze forming for a pent-up buyers to jump in. ADX indictor is above 20 for aggressive buying. Candlestick is resting on support and it looks like a green morning star daily candlestick that indicators trend reserval for the upside, waiting for some massive buyers to jump in an uptrend channel as you can see in the chart.
Even though is March 12, Crypto Darkest Day today because of the pandemic hit a year ago. Use caution.
Educational Purposes Only.
ALGO/USDPotential Long opportunity at the current market with a stop below the previous low @ $1. The primary target is on the conservative side @ the 1:1 extension.
ALGOUSD 4hBroke downtrend line with low volume.
Consolidating above,.786 FIb asting as support.
If it breaks below,next support 1.02-1.05
Algorand LongAlgorand is a sleeping giant. We have seen Polkadot, Cardano, and Eth explode but we haven't seen Algorand make a huge move? I think it's overdue for it especially when people start to realize its superior to the coins listed above in certain aspects and it has the potential to be used commercially. It could also be used for derivatives and completely revolutionize the monetary system within those ecosystems resulting in cheaper and faster transaction settlement that doesn't require a middleman. This isn't financial advice but I'm balls deep in Algorand. KRAKEN:ALGOUSD
Triangle design idea I think algo will take off in near future, we’ve been in buy zone around for almost a month. Any criticism is acceptable.
ALGO $2+ imminent!! $ALGOONE leading the way and ALGO following in its footsteps! Who's is ready for $2 ALGO??
🚀ALGO - Consolidation in an Uptrend? Grab the dip!🚀ALGO is a fantastic defi project that's seen good upside recently. It looks like we're currently in a consolidation wedge with a failure at the upper bounds.
I anticipate a bit of a retrace then continued upside. RSI support this theory.
Potential buy zone in green. Potential long term targets on chart.
ALGO Potential 130% Bagger is IMMINENT! ALGO has been on a tear lately. After testing the .382 retracement zone at the $0.86 level, we have seen a strong recovery to $1.20
If we can break above the .618 zone and hold above $1.25 I can see a potential set-up here to $2.88
Waiting for ALGO's Next MoveALGO has been forming a symmetrical wedge, the RSI is showing neither bullish nor bearish signs, and the MACD is almost exactly in the middle. Looking at the 4hour chart ALGO seems 50/50. If ALGO breaks above the wedge and bounces back turning that line into support, I would take a long position, and if ALGO breaks below the supporting wedge line, and it turns into a line of resistance, ALGO will most likely continue its correction, and I will wait for a better buy-in opportunity.
I wish you prosperous and happy trading!!:)
ALGO, slow mover, big gainsalgo, the maker of infinite bull flags. finally some significant volume and macd cross. good buy
ALGOUSDT - PUMP comingALGO is breaking out of this descending trendline... all im waiting for now is a break above this strong level of horizontal resistance ! If we see a break we will take this long.
ALGOlove this set up higher lows with selling pressure decreasing....I think we break this resistance and head towards $1.6 once BTC gets going again
hitting a major line of resistance at $1.15This line of resistance (and support) has been around since early February, and can be seen as a point of tension a few days ago on March 3rd and 4th acting as resistance, then support, then resistance again before the market bombed and we tested our long trendline from December.
I'm expecting ALGO to bounce off this line tomorrow, re-test the long support line, and then finally push though and bounce between $1.23 and $1.15 for a while until the long trend pushes us up mid-month
Fighting small patternsAlgo is having a tough time breaking through these small pattern resistances on the hourly. No doubt, if it prints green over this resistance and turns it into support, it will jump.
Not financial advice.
You feeling the hype?Lot of internet personalities are pushing "to the moon" hype. Are you feeling it? Personally, I look at past trends.
Looks like we'll find soon.
Algo ready for liftoffAlgo is showing many bullish signs. The most impressive sign is the weekly bullish div. I expect Algo to breakout any day now. Target is $2.00+.
$ALGONext mover imo will be here. Nice wedge setting up, will have to see the direction of the break, but imo should be to the upside
