ALGUSD trade ideas
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
ALGO.X: Possible Cup-and-Handle formingAlgo has all we need for a currency. It worth more than a dollar already but should worth 5 times more. There is going to be a little dip in the short term but long term, Algo will worth 5 dollars. Watch for this handle forming within the next month, and then there is the moon.
History doesn't repeat, but it rhymesA little Saturday afternoon Hopium.
The last 2 cycles for Algorand saw 650% and 730% rises, followed by a 70% and 55% fall.
If we take both of these cycles and extrapolate – we're looking at a $6.40 price target near the end of June with a likely correction trough July down to $2.55 after.
Just gotta zoom out sometimes.
ALGO taking offALGO had pushed up into the larger ellipse shown. If the current daily candle closes above that lower boundary, I expect either a parabolic run, or a bounce up the bigger ellipse. Could also see it drop under the bigger ellipse and bounce between it’s lower border and the ellipse drawn below it.
ALGO getting ready for takeoff?I’m long term HODL on AlGO, so will probably pick ip some more if/when it visits the green dash. If it hits the yellow price points, I’ll probably also pick up some more, but will be watching the price action to see if it makes more sense to wait for a bigger dip. For instance, if it starts headed to the red dashed level down the inside of one of the smaller ellipses, it might not be quite ready to blast off up the bigger green slope.
Anyone else out there use ellipses for analysis? Still discovering the effectiveness and drawbacks myself, but still finding it fascinating. It’s been helping me figure our good TP and buy levels, but not perfectly, and it doesn’t help with knowing if/when a high volume event will cause an abrupt break out of an ellipse to the up/downside. Still looking to other indicators for that.