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ALGUSD trade ideas

ALGO - DIP BUYING LONG TERM INVEST. NOW 1 usd!Hello trading friends, And here again with a discount coin of 1 USD! we expecting a long-term 2.50 possible target. hold for a spot. Discipline is the key to success - Take profit - Learn from your mistakes and never give up! The reason 1 that 90% of traders lose, not because they can't trade, but because they trade emotionally. if this appeals to you then learn yourself first before starting with trading. #Always do your own research don't follow us or someone else blindly * this is not an advice FOLLOW AND LIKE FOR MORE CHARTS. ---> Have a great day😃
KRAKEN:ALGOUSDLong
by watchtrend
2
Bull market is not over, it is just getting started!Apologies for not streaming on Friday. I got food poisoned yesterday, thank you Taco So the only thing i can do is share some of my findings for Algorand. I will be updating all of my daily macro. So if you think Algorand somehow entering into a bear market you are crazy. I noticed there is some interesting fractal patterns that are similar. Obviously it is not a certanty that it is going to happen this way, but if the direction is the same. It all that matters. All that matters now is the next 2 weeks. As long as Algo holds $1 for 2 weeks, we can expect the price return to higher levels. So we have to watch price careful but i am bullish are you? __REVIEW__ Fire sale territory it appears to be anything under a $1 right now. Look how we are still defending the trend. We did not hit our target $4.8. This means we need to scale everything down. as Wave 1-2 is $1.8 to 90c. And the 2-3 wave would have to toward 5-6$ __FRACTAL__ For 3H time frames i don't write fractals as we usually get a lot of them **LEGENDS** BLUE = Bear/Resistance || Yellow = Bull/ Support Lines: Fractal dates are moments of interest, where price and time collide to create oscillation. the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind! Thank you, and stay strong my fellow CryptoPunks! Future belongs to the brave, and crypto is the future. _Ajion
BINANCE:ALGOUSDLong
by Ajion
5
Daily Update on ALGOHey guys, Algorand ended up meeting the 200EMA yesterday and was quickly bought up to the bottom of the channel (where strong resistance was met). The sentiment at the moment is short term bearish and we have no confirmation on completing wave C. I'm expecting another dip in the short term to confirm wave C (possibly a double bottom (near 200 daily EMA or extension off the 200EMA as shown in the chart). Long term sentiment is still positive for ALGO and we still need wave 5 completion, so buy the dip, dollar cost average and stake. You will be rewarded when the 5th wave comes. Thanks
BINANCE:ALGOUSD
by dp4379
2
ALGO - Bullish Long Term, Bearish Short TermHey guys, just an update on the technical analysis of Algorand on the Daily Logarithmic Chart. As you can see we are still travelling in the ascending channel (known to break to the downside, more so than upside), and could also be forming a larger ABC correction to complete wave 4, however, if wave 4 has already been completed (back near the first drop as shown on chart), we can expect a bounce off the 200 day EMA to complete the smaller time frame ABC correction, this in turn will also form an ascending triangle (speculating that it will bounce off the 200day EMA) resulting in more bullish momentum. Overall we will see a bounce for the final run up to our resistance levels for a wave 5 leg bullish move, targets for wave 5 are shown by the blue horizontal lines. I believe we will see a $3 Algorand, however the max out point for a wave 5 move in this bullish trend up would see a $5 Algorand. Just looking for some advice from those who have Algorand wallets and are seeking better staking values. I have recently been playing around with the wallet and transferred 5000 to test the waters. My thoughts are to compound the stakes earlier than what exchanges are offering to overall end up with more Algorand by years end. I have found a formula which calculates when to reinvest stakes back into wallet for optimum compounding which looks like this: n = sqrt(1.0299 * k - 0.0829) * (r/0.1) * (-100f + 1.5) I had placed a timer on Algorand and calculated the APY = r = 5.84% (9min interval stake which i then divided into minutes in a year and then divided by principal to get rate) k = Principal = 5000 f = fees = 0.001 I then placed all the values into the formula and got; n = 58.67 investment opportunities in a year which; 365/n = 6.22 days, which is best time to reinvest my rewards without losing out on fees however, when comparing this to what exchanges are offering i am noticing a gap which says Algorand wallet returns less than exchanges. Can anyone help, or has the exchanges just inflated their return rates?? Is it better just to leave on exchanges? Any help would be much appreciated :) I am going to wait a full day and recheck the stake interest to make sure it is 5.84%, because i have heard it should be more... Anyway, hope you guys enjoyed the technical analysis. Thanks
BINANCE:ALGOUSD
by dp4379
ALGO found resistance at $1.20. Ready to take off?Even with the pummeling BTC gave ALGO yesterday and today, after it paused at each ellipse boundary and ultimately crashed through, it has held the bottom of that red ellipse. I had put a tentative buy target of $1.1950, just above the lower boundary of the red ellipse, in case it fell that far. As this recent dip was underway, and it started falling towards that lower boundary, I did put in a limit order at $1.20 that hit. I should have trusted my $1.195, as that would have hit as well. I used the same strategy for BTC using an ellipse I had identified for the BTC-USD pair, and filled a limit order @ $53,400. After having spent a little time with this ellipse technique, I will say that it has give me a bit more confidence that I have some idea where price might be headed in the near future, and also during big-ish drops, where the potential resistance levels are, with what seems to me to be more precision than just trend lines. YMMV. Most people who do TA would probably have recommended that I wait for ALGO to confirm the test of resistance, and wait for confirmation of reversal before buying. I’m still a bit impulsive, so I made the assumption of a bounce and acted accordingly. There is nothing to say that we won’t see another big drop below the resistance of the ellipses I’ve drawn, and if that happens, the fall could be quite far, so I took a bit of a risk there. But my hope is that ALGO finds its way above the bottom of that green ellipse I’ve drawn, as it would provide a nice run back up to/past ATH. Otherwise, we may find it using that ellipse as resistance. So, in sum, I think ellipses have proven so far to me to be a useful way to look at a coin’s chart, but they definitely need to be used alongside all of the other traditional TA tools to make informed decisions. *not financial advice
KRAKEN:ALGOUSDLong
by PFunk420