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ALGUSD trade ideas

Algorand (ALGO) - May 12Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSD 1W chart) (1D chart) We should watch for movements that deviate from the 1.32179365-1.72007755 section between around 11th and 16th May. In particular, it remains to be seen if it can rise above the 1.47009413 point. If it falls at the 1.18903235 point, a Stop Loss is needed to preserve the profit and loss. -------------------------------------- (ALGOBTC 1W chart) (1D chart) 2374 Satoshi-2792 We must watch for any movement that deviates from the Satoshi section. In particular, it remains to be seen if it can rise along the uptrend line. If you fall from the 2374 Satoshi point, you can touch the 1970 Satoshi point, so you need to trade carefully. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:ALGOUSD
by readCrypto
Support Failed, What Happens Next? ALGO blew right through the support on the retest. After a brief drop down to $1.31, the price has stabilized and returned to around its 1-month average price. Now, we either see a breakout above the previous support and look for a buy setup on the retest or we bounce back down to a lower support level . Given the average price over the past 30 days is $1.38-$1. 40 , I am thinking this might be a good entry point. There needs to be confirmation of strong support if/when the price drops back down to $1. 40 and it will give ALGO a chance to take off.
COINBASE:ALGOUSDLong
by benjo93
How High Will ALGO Go?There needs to be a solid closed candle above the resistance zone and then a retest to confirm a potential spike to the higher levels around $2.00 - $2.50 The trend is overall bullish and the 1-Day MACD helps to confirm this idea. There is a lot of momentum building in the crypto space and this could be the beginning of the next big leg up. ALGO just needs to breakout soon! Let me know what you think of the analysis and I'd love to hear some critiques and feedback!
COINBASE:ALGOUSDLong
by benjo93
Triangles This Time! $ALGOPeople are irrational! Super, duper irrational! Like, ok, I'm pretty sure our Algorand coins are going to be worth quite a bit of $ in the future, right? I mean like at least double at some point, almost guaranteed. Right now it looks like "the market agrees," but there will be specific time intervals where that definitely isn't the case. The end is nigh! Abandon all hope! Until a whale steps in and is like, "nah, here's a rug for u bro ." So these intervals! These time periods of bullish and bearish sentiment! I've got four of these weird triangles plotted out that correlate to the price action for given periods. I chose most of my points of off "best fit" criteria, but I'm not applying a great deal of in-depth statistical analysis. I think the edge here is that a lot of the market maybe isn't either, so we get to see the prices reflect the imperfection of man on a more granular scale. Anyway- for my specific strategy for this time period, I've got a spread of buys that I adjust accordingly on the intersection points between the bullish and bearish sentiment flags. Since I'm buying/selling more than I intend to own long term, I've also got a spread of sells that correlate to my "Excite" and "Euphoric" price points, but I'm also sending some portion to my Algo wallet at regular intervals as the market churns. 6% APY for just... nothing? No coding, no staking, no gas, just more coins on the thing for the thing? On the crossover points: when determining the validity of these intersections, I also consider whether or not they already lie on preexisting "psychological barriers." If I don't have to adjust a flag for it to have already conformed to a psychological number (n.0000), then it's an indicator to me that the given price will be accurate. The last chart I drew had a few of these, and it was interesting to see the price movement as they approached. I postulated about the cause of this correlation and can only theorize that it's related to that vacuous thing I said before about granularity and people brains. Whatever anyway here's some colors. I'm probably not doing this right. If you aren't helping me, you aren't being helpful.
COINBASE:ALGOUSDLong
by pleasesendhel
6
ALGO - You Decide => We Follow!ALGO is currently stuck inside this green range. NOW WHAT? Here are the two scenarios where I will be looking for high probability buy setups: I call them War Zones. Scenario 1 - Purple : (Lower Zone Retest - 0.900) I will be waiting for ALGO to retest the lower bound of the range (projection in red) to look for buy setups on lower timeframes. Scenario 2 - Orange : (Upper Zone Break & Retest - 1.900) Or if ALGO breaks above the upper bound of the range (projection in blue), then I will be looking for buy setups on its retest. As per my trading style: As ALGO approaches one of the circles, (orange or purple) I will be looking for reversal buy setups (like a double bottom pattern, trendline break, and so on...) Always follow your trading plan regarding entry, risk management, and trade management. What do you think? Which scenario is more likely to happen? All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSD
by TheSignalyst
44
ALGORAND FUNDAMENTAL BUY ZONEAlgorand has bounced successfully from the $1 psychological buy zone in confluence with the fundamental demand area. This token has a use-case for instant payments with low commissions and rewards through staking. Several payment processors such as NYSE:V & NYSE:MA have shown an intensive interest in this asset since last month. This fact causes the $1 level to be detected as a good buying opportunity, as it is considered reasonable for a token that could be used to pay for goods and services. Its low market capitalization could be a trigger for a very profitable opportunity in a long-term approach . You should monitor this token, as it is a bit risky to enter while bitcoin decides its next move. However, we recommend taking advantage of these investment ideas using the DCA (Dollar Cost Averaging) strategy. So that unpredictable dumps or bad timing wouldn't be a problem when entering excellent opportunities. Check our socials and stay tuned! Have a good day, Alkalites.
BINANCEUS:ALGOUSDLong
by CryptoAlkaline
2