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ALGALGALG
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ALGUSD trade ideas

Stairway to Heaven... Hell... or Purgatory $algoThis set up goes all the way back to lowest point of Algo on Nov. 4, 2020 following the previous peak in Aug. 2020. Notice the trend since Feb. 12th peak at 1.8585. The dips occur at the cross of the 3/1 (red ). The peaks occur at the cross of the 2/1 (yellow). If the trend continues I see 3 possible scenarios to play out: 1. Algo breaks out in a big way when the 2/1 crosses the previous high of $1.8585. That has the look of a cup and handle. (Stairway to Heaven) 2. Rejection at $1.8585 with a retrace to the 3/1 line where it finds support. (Purgatory) 3. Rejection at $1.8585 with a retrace to the 3/1 line. Support lost and we enter a bear market. (Hell) I don't trade. I HODL. Not investment advice. Please share your thoughts or predictions.
COINBASE:ALGOUSDLong
by bmadden
3
$ALGO correction coming to an END.We wicked down and tapped the trend and 0.786 fib perfectly this morning and it may signify the end of the correction for ALGO and all of crypto really. I think we may get another tab of the trend line & 0.786 fib, forming a double bottom on the lower time frames before a slingshot back up. Should we break the trend line and close below, we have support at the grey box & the $1.00 psychological level. ALWAYS ADAPT & CONSIDER ALL POSSIBILITIES.
COINBASE:ALGOUSDLong
by benjamintrades
1
Another reason to be bullish on ALGO for the long term!We have formed this ascending triangle on the daily logarithmic chart which is a bullish sign for ALGO. We are still in either the 3rd or 5th Leg on the Macro trend for ALGO which is super bullish long term, however due to the recent pullback on the smaller time frame we may see one more dip to the downside completing an ABC correction wave. Support would form near the bottom of the blue channel at the $1.20 mark in my opinion. Overall Bullish for ALGO, and enjoying the staking rewards of this bumpy ascent.
BINANCE:ALGOUSD
by dp4379
THE GOLDEN NFT COIN ALGO CAN BECOME NO 1 NFT COIN - HUGE EXPECTIHello trading friends, Know that Algo can go above all our expecting targets, we don't just change our profile picture for this coin, there are huge NFT NEWS coming, we did talk also with the team of ALGO, seems great updates on the way. we expect also depending on more things a great increase for the next coming time. # its possible that ALGO can become the NO 1 Worldwide NFT coin with a great CEO and team. i expect we can see soon a huge breakout on ALGO for the real moon target. Our 2.50 target can be only the start # we expect this are only the dip buys before we will enter to above 2 usd + with whale trend. 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 ---> Have a great day
KRAKEN:ALGOUSDLong
by watchtrend
6