ALGUSD trade ideas
$ALGO Weekly ChartGood day, everyone.
I hope you are doing well. Algorand has been moving up weekly since December 26, 2022. I believe resistance will be tested at $0.28 this week if the trend continues. I would like to see the resistance become support and begin its battle at $0.31. Let's hope for the best!
Also, my analysis is not financial advise. Please do your own research.
I'll update this weekly chart next week. Cheers!
Humans love patterns.Looking at the history of ALGO, I feel we are in a growth phase.
Patterns are human nature.
Good health, wealth and family to all!
$ALGO with trend line and Fib Retracement AnalysisGood day, everyone. I hope everyone is having a relaxing day.
$ALGO seems to be doing very well since December 28 on the daily. According to the Fibonacci Retreacemnent, Algorand bottomed out at $0.16 after a big red candle on November 20, 2022 when it reached $0.2991.
I expect Algorand to continue it's upward trend. I am hopeful that the $0.269 resistance will be broken and be considered support. After that, the next target will be at $0.2986 which is the next level of resistance.
If $0.2986 resistance is broken, expect $0.38 to be the new target of resistance as $0.29 will be support.
Add as of 3:15PM EST -- Relative Strength Index is just above 69 (nice). It is very close into being the overbought region of 70.
Please do your own research. I am not offering financial advice! Trade responsibly folks!
Drawing supply and demand areas and possible scenarioDrawing supply and demand areas and possible scenario
Watch these two targets better late than too earlyTwo white circles on this chart is what i will be watching next two months and next year after the Bitcoin halving.
I would rather wait to buy algo honestly. If it breaks into the purple i will see it as support and start buying.
If i am correct and the channel completes to the bottom i will have no regret in waiting.
FOMO is a weakness and we have to be smart for the long term money flow into the markets.
Well this is just my idea and it is not confirmed yet. There is no wrong trade decision here after the 95% drop so buying
isn't out of the question but i would rather wait to see what happens. If there is still a 50% chance to buy more with less invested then
it is worth the wait in my opinion. Day trades move in and out so it really has no effect on them.
Good luck to us in the new market coming. I will not be posting anything else for months so happy trading.
ALGO - Fib Time & Space Predictions using the Power of PyramidsALGO - Fib Time & Space Predictions using the Power of Pyramids
the length of each segment of the blue rektangles is equal to the time price spent inside of the price range of the pyramid (diamond)
so using pyramids give us knowledge about time AND space
that lower triangle caught my eye a while back and i had to leave it on there
interestingly it lines up well with the fib spiral
the angle of the center line of the pyramid tells us about the ratio of the blue rektangles
the golden ratio
and eureka!
the yellow lines are the fib time tool
the coordinates being the time price spent in the range of the pyramid
exactly matching my blue rektangles
Let's watch how this goes
ALGOUSD 1/24/2023This is my analysis for ALGOUSD 01/24/2023.
Algorand will fill the at the high. There will be 3 box push to the high that would equal to 7.5
I projecting that is a Huge W that formed for Algo and it's ready to pump.
Algo turning point! Crypto Altcoins
#CryptoWhale100Billion Alt Coin Analysis: Algo
My Analysis shows that Algo has been holding at the .24 cent market for a few days now, filling up bear pockets. Algo has been falling for quite some time from an all-time high at $2.79 and crashed to .24 cents. A lot of sell-off, but this coin has the potential of stake rewards of Algo 5.75%+ interest which will give you more reward of Algo over the longer time of holding it. I can see it moving back to .285 cents and .33 cents.
Indicators show strong resistance using common pass strategies indicators to see cryptocurrency patterns. Rsi giving an Upper trend, Macd crossing over to the higher side of the trend. Candlesticks holding the resistance for over a week.
I am more bullish on Algo to .284-.33 cents.
For bearish to .19 cent.
Shoot me a message with your Technical Analysis to see your thoughts and trading strategies.
#CryptoWhale100Billion
Press The Thumbs Up and shoot me a message below what your idea on KNC will hit.
Thank You for the support!
Below are some Previous chart links I've written for Reference.
$ALGO run it back turbo $.295-$.31As I mentioned in my analysis on $SYN, while many alts have already topped, the few that haven't hit their 200DMA, still look like they have room for upside. Algo meets that criteria.
I think we're likely to see a push higher from here targeting the two top resistances at $.295-$.31.
Invalidation would be a break of current support and this move has to play out over the next week.
Let's see if it plays out.
Aussie Bank Mints Stablecoin AUDN on Ethereum and AlgorandFor markets to acquiesce a bottom
You all have to believe it’s a top
I see a lot of Wall Street cheat sheet bear hopium
Cheat sheet this
GRI 2023
NOT TARDING ADVICE
$ALGO 4HR ChartJust a little 4H chart with a trend line. As of 1/18/22, there seems to be a bit of a sell off. Not sure how low it will go, but another opportunity to buy lower.
Not financial advice. :)
ALGO bullish swing-trade. 6 day or less swing-trade. Fulfilled at the top or the stop, or timed out and canceled at day 6.
Algorand #ALGOKeep it simple as we form the base for the cup and handle pattern (big potential breakout)
Jupu has tagged green on daily time frame
Look for test of fibs and 4H green shades on Jupiter Pendulum for your setup
Algo Should be a swift move up to 0.3 range and then consolidate at that 0.28 level
Scalable with an institutional target market
iso20022 innit
GRI 2023
Algo is looking ready!As you can see on the monthly chart Algo has a very nice W printing. Again it is a monthly chart so the pattern will take some time but this should be moving up soon! $.30 is the initial target! MACD looks primed!
Go Long Algo Is About To Explode Algo will peak at around $0.1820 then head towards $0.20 before continuing further! Go long before the consolidation the market is about to become volatile!
The upside potential in ALGO is obvious!The price action has - for the first time, broken out of the long term trend line.
AlgorandDuring the past months Aglo has seen a lot of bearish sentiment due to bear market and the 35M exposure to Hodlnaut. This very big bearish pressure i assume that it will come to an end with a very big cundlestick to the upside.
#ALGOshort term very bearish, long term if it holds without issues, it will give a very good opportunity in the next Bull run
$60 Algorand in the years to comeAlgo is setting up for a good long term hold. This project checks all the boxes when it comes to fundamentals, here is what could become of the asset over the next 3 years. Personally, I think it is a bit conservative but time will tell.
6 Month Simple LONGLet's keep this very simple. We only have 19 days until the 6 Month candle closes. Anything below the previous candle body lows is a buy. A 6 Month candle close beneath previous candle bodies invalidates the long and you can find your exit.
Fib Level of 0.382 becomes the Point of Control... Perhaps you think the worst of the bear market is over. If so, ALGO may be trading at values that are quite attractive for the long term holder or new to the ALGO coin. From the previous high in November around 45 cents, trading at 23 cents is almost 50% off. Drawing the fib retracement alongside the volume profile for ALGO going back to May of 2021, shows an alignment of 0.382 fib level with the Point of Control.
