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ALGUSD trade ideas

ALGO looking great.Here are some key resistance and support lines. I'll be looking to see if ALGO will hold the blue increased support levels and if it does not, I'll be looking for buy setups around $1.10 or below. Note the MACD prior to the last massive swing up in February. We seem to be going through a similar pattern through March coming into April hanging around in the .025 to .05 range. I'm excited for more ALGO action as we get further into this crypto market bull run. + this is my first published chart so I'll hopefully improve
KRAKEN:ALGOUSDLong
by mascher7675
2
ALGO channel top once againAlgorand looks to be testing the top of an ascending channel (red dashed lines) once again similarly to how it did at the end of March. A break here could be a great sign for ALGO as it could signal a new ATH , but there is also bearish divergence forming both on the 4-hour chart (blue lines) as well as on the daily chart . If resistance holds here, it could send the price sub-$1.20 if the bottom of the channel gets tested next. Additionally if channel support fails, it could send the price sub $1. Ultimately any price changes in BTC could easily influence the direction over the next day, so there is much uncertainty here, but also much potential for the trend to change in either direction. ALGO looks to be interesting to keep an eye on either way over the next few hours/days.
BITTREX:ALGOUSD
by crypto_trends
2
Possible divergence at ALGO Algorand has had a good last week of recuperation with +30% boosted by the general recovery of all currencies especially the Altcoins. 2-3 days ago it bounced off the resistance of the bullish channel which it has not been able to break and came close to the $1.20 level where there was strong buying from the people. Currently it is a bit far from both the EMA and MA 20 last sessions. To note the clear bearish trend generated by the average volume in the last 5 sessions that could generate a bearish divergence to the price. With all this I could expect a break towards the bottom of the channel that could coincide with the support of $1.18-1.20 and then bounce again to the top of the channel breaking all the resistances in between. Algorand lleva una buena ultima semana de recuperación con un +30% impulsado por la recuperación general de todas las monedas especialmente de las Altcoins. Hace 2-3 días reboto con la resistencia del canal alcista que no ha podido romper y se acercó a buscar los $1.20 donde hubo una fuerte compra por parte de la gente. Actualmente se encuentra un poco lejos tanto de la EMA como la MA 20 ultimas sesiones. A destacar la clara tendencia a la baja generada por la media del volumen en las ultimas 5 sesiones que eso podría generar una divergencia bajista al precio. Con todo esto podría esperar un descanso hacia la parte baja del canal que podría coincidir con el soporte de los $1.18-1.20 para luego rebotar otra vez hacia la parte alta del canal rompiendo todas las resistencias de en medio.
BINANCE:ALGOUSD
by GuillemGM
ALGOUSD inverse HEAD AND SHOULDERS?Algo looks like it is creating an inverse head and shoulders pattern. Lets see if it will complete the yellow line and break the neck line labeled with the purple arrow. If we can break out of this and the channel we can see us at our local high around $1.84. We can also view it as a cup and handle possibly I like to keep my ideas short, brief, clean and clear right to the point. Do you own research. Good luck and happy trades this is not trading advice
COINBASE:ALGOUSDLong
by MrTradingDay
2
ALGO (ALGOPERP) – Long signalBUY: 1.12 – 1.18 (Wait for price to reclaim the EMAs before entering) TARGETS: 1) 1.44 2) 1.77 STOP: When a 4h candle closes below 0.98 Rationale: -The 100 and 200 EMA have acted as strong support for the duration of the uptrend. -More recently, the price has been conforming to an ascending channel. -The RSI has also been moving in a channel and is at a key support/resistance level. -If the RSI can break and hold above the channel it should also hold above the 200EMA. This is our signal to enter a long position. -The confluence with the 200EMA and RSI gives us confidence in taking a long position once the EMA is reclaimed as support. Your risk, your reward. This is not financial advice. Happy trading.
FTX:ALGOPERPLong
by ForgeTrades
Algorand (ALGO) - March 30Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also ask for the "Like" clock. Have a nice day. ---------------------------------- You should watch for any movement that deviates from the 1.35677473-1.47009413 section. If it goes down, you need to make sure you get support at 1.32179365. If you fall at the 1.18903235 point, you need a short stop loss. However, it may rise along the uptrend line, so careful trading is necessary. We'll get support at 1.47009413 and see if we can climb above 2.11836146. In the CCI-RC indicator, it remains to be seen whether the CCI line can break above the EMA line. --------------------------------------- (ALGOBTC 1D chart) We need to see if we get support at the 2374 Satoshi spot and see if it breaks off the downtrend line. The next volatility period is around April 7. -------------------------------------------------- ------------------------------------------- ** 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
1