ALGO weekly chart is looking really nice!The ALGO charts appear to be signaling a potential turnaround, or at least a nice move up from the current trading range.
Good luck, and always use a stop-loss!
ALGUSD trade ideas
ALGO is setting up nicely!ALGO is forming a nice descending wedge pattern on the weekly and daily charts. It could break out from these levels, but it could also easily drop to the lower trend line first.
Good luck, and always use a stop loss.
Where Algorand Needs To Close Before Its Next Bull RunAlgorand Daily Chart Price Action Analysis
▪ ALGO is very, very close to it's most bullish technical condition since late Feb 2024.
▪ If there's a daily close above $0.13,
▪ and if the Chikou Span remains above the bodies of the candlesticks,
▪ then boom to moon
ANOTHER PERSPECTIVE OF THE LONG-TERM POTENTIAL FOR ALGO.ALGO is one of the best cryptocurrencies you can buy, especially at today’s prices. Being one of only a handful of top-quality cryptos that are ISO 20022 compliant, like XRP, XLM, and Quant, I believe the future is bright for ALGO and its holders.
This chart isn’t set in stone and will change over time as more information comes to light.
Good luck, and enjoy becoming a millionaire!
Buying an Algorand to trade on the spot market.#ALGOUSDT
There are many factors that indicate the possibility of buying:
1. The strength index suggests that a rebound is possible in the short term.
2. We have already seen a complete bearish correction of A, B and C.
3. According to technical analysis, we have reached the bottom zone.
4. At the moment, the first and second waves have formed, and a long third wave is expected to follow. However, the target ($0.6495) can be reached by both the third and fifth waves.
Good luck to you!
Please note that these are just my expectations. There is no financial or investment advice here. All of the above information is provided for informational purposes only.
ALGO and 1068% ROI?Algorand (ALGO) is one of my favourite coins which I choose to invest in. I like this project because they have a lot of partnership with all kind of companys. On their page you can find various real estate projects, FIFA announced that ALGO is their blockchain partner for upcoming events, they are taking part in Esports etc. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4 and 5 very soon, that could be year(s). I will sell most of my capital on targets 3,4 and 5. Small portion will be sold on Target 1 and 2.
Entry Zone: 0.27 – 0.34
Buy Zone 1: 0.17 – 0.20
Target 1: 0.70 – 0.76 (106%)
Target 2: 0.97 – 1.03 (184%)
Target 3: 1.64 – 1.77 (377%)
Target 4: 2.76 – 2.91 (703%)
Target 5: 4.02– 4.23 (1068%)
ALGOUSD find a bottom hereOpening a trade here with around ~1500% profit potential.
Not a financial advice.
ALGO has spend very little time at current levels in the past.This is a great buying opportunity. ALGO has spend very little time at these low levels in the past, and we all know how quickly it can move when the buyers come rushing back in.
Keep stacking!
ALGO Technical Analysis: Key Levels to Watch in 2024-2025 Algorand (ALGO) is a promising project known for its efficient management of scalability, security, and decentralization. The long-term success of ALGO depends on broader adoption and leveraging its distinct features in the competitive blockchain market.
Currently, ALGOUSD is holding a Weak Support at the $0.119 support level, presenting a potential for significant gains. If this support level holds, we might see a bullish move. However, if this support breaks, the next strong support and bottom lie near $0.086. A bounce is expected from this level due to some upcoming positive events and the potential approval of ETH ETFs. Historically, we have seen altcoin rallies following such approvals.
ALGOUSD was listed on June 17, 2019, and experienced a significant rally between March 30, 2020, and November 27, 2021, during the 2021 bull market. According to Bitcoin's historical patterns, a bull market tends to occur every four years. We anticipate increased market volatility in Q4 2024 and Q1 2025, similar to the 2021 bull market for ALGO.
Our calculated targets for ALGO's bull run suggest a minimum target of $1.57. If this resistance flips by Q4 2024 or January 2025, we could see a maximum target of $3.44. It's crucial to monitor support and resistance zones to keep the trade active. Remember to exit long positions by April or August 11, 2025, as the bull run and alt season are expected to end during this period.
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ALGO is getting ready to make a BIG MOVE!The chart is indicating that ALGO is getting ready to make a very bid move in the coming months, and imo, is currently on sale at the current price.
Enjoy the ride!
Short Term BreakoutALGO broke out of triagle, upside target is blue line. Idea void if price moves back into pattern.
ALGO LongAlgo long at a key inflection point with another bullish 886.
We look to accumulate on any retrace
(ALGO) ALGORANDOne day can make a big difference. The lead lines have changed quite a bit for cryptocurrency based on the losses over the last 24 hours. This image is an update of the same image I posted yesterday with the new and improved lines of the indicator in orange versus the same view of the black lines a person would normally create if they were looking at the chart and trying to place the lines on the graph. The inbetween black line I drew yesterday came true and now the orange line is laying on top of the middle black line.
(ALGO) algorand "custom indicator example" The black lead lines you see is what you think the graph is telling you based on where the major points on the chart will be found visually; the orange lines is where my custom indicator is telling me the lead lines are found on the chart. See the difference? Drawing the pennants is not always practical. Best to use indicators.
Inverted H & SBullish pattern , according to school rules, ALGO should retest the orange level
TP-0.6500
ALGOUSD Pump of the day! Huge buy opportunity.Algorand (ALGOUSD) is having a huge pump today as it smashed above the 1D MA50 (blue trend-line) for the first time since April 01. This rally has been generated after holding and bouncing on the 1W MA50 (red trend-line) for the 2nd time since January 23.
This gives shape to a Channel Up, not so different from the one that led the token to its peak during the previous Cycle. The 1D MACD has just formed a Bullish Cross, indicating that we are still at the very start of the new rally. Our Target is 2.000 (Fibonacci 0.9 retracement level).
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$Algo #Algorand Algorand EURONEXT:ALGO #Algo
Is currently caught between the support at $0.15 range and the now resistance above at the $0.18 range.
If we get a follow up pullback with the rest of the market on further war i.e. middle east drama, then I would watch for the next support range to come in at the $0.12 range.
I've purposely given you the same chart and layout but on two different time frames to help newer traders coming into this cycle see how different things can look on a daily vs a weekly time frame.
I think that this can really help speed up learning for many and to open their minds to variables.
As you see the daily can easily in this case look much more instantly bullish and give you the greater feeling of FOMO #Fomo to jump in. Whereas the weekly can give you more of a tactical view and help with your approach being so.
Hopefully some of you find this chart helpful during this stressful pullback/flush that I'm aware has really beaten down and or killed many portfolios for traders.
I've fallen off on posting/sharing my charts these last few months while I was trading ALOT myself and on multiple platforms and various ideas. However, during these more stressful times I will try and stay more active with updating what community I have.
For my birthday without cause or warning X shutdown my larger account @RareBreedOG so I'm starting over fresh with almost no followers now for the algorithm. That being said I would greatly appreciate help with you hitting the like /Follow/share buttons as much as possible if you find these charts helpful at all or even just want to help me rebuild my following after getting Fu**ed by X. For this reason, I don't plan to pay for a checkmark this time around either, but you can all help give me reason to keep sharing and not just leave to other platforms.
Everyone stay safe and trade wisely and be careful with leverage in these uncertain times.
Biggest goal is to not be liquidated before the real top comes and or worst-case scenario have positions worth holding until the next cycle if we really did just have an early cycle Rare Triple Top.
Crazy Buy!!! $50 into an old friend.When I was 17, 2 years ago completely new to crypto this is the coin that doubled my money. Today the coin has crashed by 23% so I have bought it and will be holding it!!!
Another perspective of the ALGO Cup & Handle pattern.The Cup & Handle pattern in ALGO has broken out, and perfectly retested the rim-line. We could see some incredible price gains in the coming months.
Good luck, and always use a stop-loss!
Algorand To Reach Prior Highs ?
If price is able to reach the prior highs that would be a 10x upside from here
$300 bet on Algorand going up by 19% in 7 to 8 days.$300 bet on Algorand going up by 19% in 7 to 8 days. That is a $57 profit in 8 days.
ALGO | Stands at Demand ZoneALGOUSDT is retesting its breakout level. It is currently standing at a very good support level. It has immense potential for upside for atleast 50% in near term. Manage your risk accordingly.
