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ALGUSD trade ideas

ALGO PLAYS CATCH-UPAlgorand is displaying the early signs of a bullish reversal, flipping the daily 20 EMA (exponential moving average) into support around 1.05 USD, is the confluence needed to reinforce this trading idea. Many big cap altcoins are beginning to chase liquidity, and you could not have asked for a more clean technical set-up here. If the D1 20 EMA becomes support, then the next resistance is at $1.30USD. Once in profits, manage your own risk accordingly (move up stop losses into break-even for a risk-free trade is but one example). SUPPORT 1: $0.90 USD SUPPORT 2: $1 USD RESISTANCE 1: $1.30 USD RESISTANCE 2: $1.60 USD easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
COINBASE:ALGOUSDLong
by easyMarkets
ALGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. ALGO is sitting around a strong support in green so we will be looking for buy setups. on H4: ALGO formed an ascending triangle in orange but it is not ready to go yet. Before we buy, we want the bulls to take over. Trigger => Waiting for a momentum candle close above the gray area to buy. Meanwhile, until the buy is activated, ALGO would be overall bearish and still dive inside the support zone. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
45
$ALGO longBased on the long-term daily log chart of Algorand, it looks like RSI has reached a low where it normally bounces relative to previous large declines greater than 60% when the 200D moving average was breached. This RSI level has signaled a bounce back 4 times before since the inception of Algorand. The probability that this will be the 5th time is very high. History doesn't repeat itself but it often rhymes. This has been the 4th worst decline besides the initial puking of ALGO which I don't count. The 5th worst, or the least bad, was a 64% decline. Right now we're at about 69% of a decline. The worst was an 81% decline. I don't think we have any more room to the downside since 100% of the time (4/4) the RSI has hit that magic low level, the trend changes from bearish to bullish after a breach of the 200-day moving average.
COINBASE:ALGOUSDLong
by EBITDAtiger
ALGOUSD D2: 500%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates IMPORTANT NOTE: If you want to request analysis via DM you have to SUPPORT MY IDEAS FIRST - LIKE/COMMENT. Otherwise don't waste my time. 🎁Please hit the like button and 🎁Leave a comment to support our team! ALGOUSD D2: 500%+ gains THE BEST Level to BUY/HOLD (SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: ALGOUSD D2 chart review ::: chart looks good /strong ::: setup still valid as of right now ::: noteworthy compression in progress ::: expecting one final pullback soon ::: get ready to BUY LOW later ::: best reload bulls near 60C later ::: expecting 500% bull run ::: re-test of sliding S/R line ::: near 3.50 USD later ::: BULLS stay out be ready later ::: expecting short-term pullback ::: BULLS get ready to BUY after pullback ::: TP bulls is +500% gains later ::: expecting decent gains soon ::: 30-45% pullback short-term ::: recommended strategy: BUY/HOLD after pullback ::: TP BULLS +500% gains / 3.60 USD ::: BEST reload BULLS near 60C ::: TP BULLS is 3.60 USD+ final exit ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: BEARS/PULLBACK RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:ALGOUSDLong
by ProjectSyndicate
6
ALGO - STILL IN A FALLING WEDGE! What's Happening Next?Happy Icy Texas Friday, Traders! Hope you find value from this post. If you did, pls like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. I am not trading this asset but TA on this asset has been requested, so it is my pleasure to present my views on this ALGO /USD pair. ============================== ALGO continues to be pushed downwards as the Bears continue to feast. ALGO dipped down to the Blue Support Bar and has now pulled back. ALGO continues to be in a Falling Wedge and if ALGO keeps dropping the next level to watch out for is the 84% Fib @ $0.9436 with a confluence support by the Green Extended Support Trend Line. Further push of price down could bring ALGO out of the wedge towards the 100% Fib level at $0.6702 - an area of key support. If ALGO bounces from the Blue Horizontal Bar, the next level to watch out for is again the 21MA and the Red Resistance Trend Line above. MACD: If ALGO manages to keep its level above 0.1217 then it will maintain its Bullish Divergence against the price action. Stoch RSI (1Wk TF): Take note that the setting on this chart for Stoch RSI is set on the 1Wk Time Frame. Stoch RSI on this chart has crossed bearish and about to cross the 20 Level towards the Oversold Region. A conservative trader like me would consider price going above the 12MA or even the 21MA and above all resistances prior to entering a long position. Price action is KING! Always remember to place your Stop Loss. Patience and Discipline are KEYS to a successful trade. Trading is both a Science and an Art. Develop an intuition and listen to your instinct while following the rules putting emotions aside. If you have not yet developed it, you will develop this as long as you stay consistent with following the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle. Soon it will be your subconscious running your trades, again, much like when riding a bicycle the balancing is controlled by the subconscious part of your brain. Be PERSISTENT and stay PERSISTENT. Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView. If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this. More power to all your trades, my friends! Ron Intrepid_Trader
COINBASE:ALGOUSD
by RSibayan
7
ALGO - Touched Golden Pocket! What next?Happy Taco Tuesday, Traders! Hope you find value from this post. If you did, pls like and consider following. Here's a trading idea. But firstly... ============================== Quick Disclaimer: Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade. Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money. ============================== ALGO could be creating a Bullish Double Bottom Pattern, but only a rebound will confirm that. Falling further past the Green Support Bar could take ALGO down towards the next Fib Level @ 78.6% $1.0566. A push upwards past the Pink Resistance Trend Line and going above the 21MA could bring ALGO towards 1.5377 Blue Bar, then up towards the Red Resistance Trend Line. MACD: Potential Bullish Divergence forming Stoch RSI: Oversold Region, Potential Bullish Divergence forming Always remember to place your Stop Loss. Price action is KING! More power to all your trades, my friends! Ron Intrepid_Trader
COINBASE:ALGOUSD
by RSibayan