ALGUSD trade ideas
Will ALGO Price Sustain Above $0.088?Declining Trend: ALGO price action shows a downward trend in the daily chart.
Critical $0.10 Mark: ALGO fails to sustain above the $0.10 level, indicating bearish pressure.
Bounce-Back Potential: A rebound from $0.088 could retest the $0.10 ceiling.
Current Price: ALGO is trading at $0.090, forming a Doji candle.
Resistance Trendline: A resistance trendline in the daily chart is limiting upward movement.
RSI Indicator: A minor bullish divergence in RSI suggests a potential comeback for ALGO.
50-Day EMA: The price fails to sustain above the 50-day EMA, indicating bearish momentum.
Morning Star: The Doji candle hints at a possible morning star pattern, appealing to sideline traders.
Optimistic Scenario: If ALGO sustains above $0.088, it could reclaim momentum and potentially cross $0.15 this October.
Pessimistic Scenario: If ALGO fails to regain upward momentum, it could reach a new low of $0.081.
Market-Wide Recovery: Growing expectations of a market-wide recovery could positively impact ALGO.
Distribution Phase: Despite the Uptober season, ALGO faces intense selling pressure, leading to another distribution phase.
ALGO Possible Falling wedge pattern. If algo can get back above both horizontal resistances. It's got a good shot of some positive momentum. Looks to be forming a massive falling wedge and it's getting Tighter and Tighter Plus I'll go looks to be at the end of the downwave as it's been falling forever. It looks like a very low risk opportunity. Would like to see more positive momentum especially getting back above at c19 low
ALGORAND profits taken and ready to buy this supportWas able to sell off half my position at 10%+ gains.
Planning on buying back here soon as I see multiple supports in play.
The snow is coming, hockey is back on the tube and bone broth is slow cooking.
Life is good, I feel comfortable in my positions and ready to play some hockey myself tomorrow!!
Much love peeps!!
Algorand Retests To Eye $0.15 Against Numerous Traps!Post-Retest Phase: ALGO is in a post-retest phase of a broken falling channel.
50-day EMA Support: ALGO price is sustaining above the 50-day EMA.
Target of $0.15: A jump to $0.15 is possible if the uptrend regains momentum.
96% Discount: Trading at a 96% discount from its all-time high of $3.28.
Bearish Control: Bears have been controlling the trend, breaking multiple support levels.
All-Time Low: Recently tested $0.081 as its all-time low.
Inverted Head and Shoulders: A bullish breakout pattern has been formed.
Retest Phase: Currently retesting the broken resistance trendline.
RSI Indicator: RSI is moving sideways above the halfway line, indicating potential bullish momentum.
EMA Alignment: 50-day EMA is acting as support, but EMAs maintain a bearish alignment.
Market-Wide Recovery: Rising anticipations for a market-wide recovery could positively affect ALGO.
Bearish Scenario: Failure to regain momentum could lead to a new low of $0.081.
Algorand support is strong with bullish money flow since JuneHey my friends,
I beat the cancer again so i have more time to live thanks to modern medicine.
Retail traders have been buying strong since June and the money flow is still go up after the sideways breakout top to bottom. Market volume is still low throughout the market but that is ok. We have support so lets keep building on that until the time comes. High volume trading should kick in soon when people realize watching the market move needs participation. Money actually has to flow in for your investment to actually grow you know. The fear is gone from the markets you know. If you have not been trading this year your actually late to the game. Market has been booming since November 2022. If a crypto is down it is the manipulating traders fault. Once you plant those bearish candles people continue to follow the trend until a big move up happens. 50% to 100% is not going to attract buyers. High volume flows when the altcoin markets start moving 500% to 1000% on a regular basis. Day traders need to start holding and stop living off the market bleeding all the liquidity hurts the foundation of an asset. Are you ready for a bull market then lets go!!!!
Squeeze that ALGO and show investors we are ready.
All-time High is coming sadly I won't be here to see it. 🙏This is my final posting. I know many things I will take to the grave and this last secret had to be shared with everyone. Buy hold and live your life it's so short. My cancer is back so I will not be around to see it. Will miss you all my crypto family. 😢🙏 Peace and long life. Take care everyone. Good bye
Algorand closer upZoomed in view of the last chart and what has to happen first.
We will see how this plays out.
Let me know what you think!!
Algorand Support and that bad R word.
This is a zoomed out view and long term play that I hope(another bad word).
I might grab some more soon....
I am in the belief(Terrible word) that we see a good Christmas season and will be ready to dump.
Not get dumped again and continue my fishing career.
Turning Tides For Algorand Eyes 35% Jump! ALGO price action shows a bullish attempt to break above a falling channel pattern.
An inverted head and shoulder pattern forms with a neckline at $0.1050.
A bullish breakout could propel ALGO to $0.1175.
ALGO has been in a long-term downtrend, falling 35% in a month.
The recent reversal aims to exit the bearish trend and reclaim the 50-day EMA.
A morning star pattern ignites an early bullish reversal.
ALGO is currently trading at $0.1081, challenging the overhead trendline.
The 50-day EMA and the $0.10 psychological mark are crucial for a breakout.
RSI is on a bullish trajectory, approaching the overbought zone.
MACD and signal lines avoid a bearish crossover, indicating bullish momentum.
A failure to breakout could prolong the downtrend, with a new low of $0.081 possible.
The ongoing price action is critical for future Algorand price predictions.
I am crazy for posting this... Potential Nobody believed that so many altcoins would have growth like this in 2020-2021. They were wrong and markets went higher than
anyone could realistically imagine. Hype and supportive communities have a strong influence on the markets.
This chart shows potential and every 4 years we have massive swings in markets regardless of good or bad news.
So why should now be any different. No matter what regulators or SEC does to try and control the crypto markets. We
come back stronger every bull market. I needed to share to get this off my mind. No prediction just accurate observations from
years of trading crypto currency. Sharing what i see vs my other posting that many believe is outrageously modest.
Algorand has too much potential for the crytpo market to just lose investors. I believe this last dip from June 10th was it
and now waiting on volume. Time will tell what is going to happen.
OMG breaking news Algorand to replace Bitcoin 3 warning signs.
Energy usage and abundance of tokens for everyone in the world.
Charts are lining up like bitcoin in 2012 before the massive bull market that gave bitcoin its popularity.
Miners are losing revenue after the bitcoin halving and Algorand is everything crypto should be.
Decentralized, very low energy network and more potential for expansion than any other project in the entire crypto market.
Foundation and infrastructure is solid and ready to expand on a massive scale.
If you are holding Algo tokens don't let them go. Trust me with the intel i just received this is a hot market for the next 10 years. Early investors hold the keys.
Algorand quick step up?Thoughts of how great my government is playing the game have me ready to go fishing.
This is what I hope to see when I get home.
Found my red pocket...
Next target .1087, any thoughts on my charts??
Algorand on a larger viewY'all probably think I'm crazy and I promise, you don't know someone like me.
Lots of hope in this chart while everyone sells you fear.
Buy their blood when it feels like their last drop.
Do you feel their pain? Could it be part of the plan?
Old notes may stay in my charts from my pains and gains.
Peace and LOVE!!
Algorand made me shave off some of my BTC and BUY order is inGreat news and many people are working with the project.
Sold some BTC for some today. I believe this is my fourth buy.
Not investment advice. You could end up with ZERO!!!
algousd upside move possiblealgousd upside move possible
buying above the 0.10479704
stoploss 0.09922773
target 0.11694121
Will Algorand Reach $0.10 With This Breakout?ALGO's daily charts indicate a triangle breakout pattern.
Algorand's current price struggles with the 50-day EMA barrier.
Potential to reach $0.10 if the 50-day EMA is surpassed.
ALGO has witnessed a 98% price reduction from its peak.
A descending triangle pattern is formed with a firm resistance trendline.
Uncertainty prevails due to sideways price movement.
RSI shows diminished bullish momentum.
MACD suggests a prospective bullish market.
Breaching $0.10 hinges on maintaining the upward momentum.
Will Algorand Escape The Triangle In This Rally?
ALGO price action is showing a triangle pattern during its overall downtrend.
Algorand's price has bounced back within the triangle, hinting at a potential breakout.
A breakout rally could push the ALGO price to $0.10.
ALGO is trading at a significant 98% drop from its all-time high of 3.77.
ALGO price trend is forming a descending triangle pattern.
Algorand's coin price has jumped 6.11%, increasing the chances of a breakout.
ALGO coin is currently priced at $0.0935.
A triple white soldier pattern in the daily chart suggests a V-shaped reversal.
For ALGO to reach $0.10, it must break the resistance trendline.
If rejected at the resistance trendline, ALGO could find a new bottom at $0.081.
Wedge Forming over long term Really trying to practice my pattern recognition,
Am I i crazy, or is this a wedge that has been forming for months with a potential 150% profit target ........please advise
ALGORAND has potential If we see a reversal in DXY(ABC)..
Lots of devs have been at work on this project.
I have recently added to my bag(Not advice).
Will ALGO Price Rise Above $0.10?ALGO shows a strong demand at $0.091.
It displays a solid resistance trendline.
Potential bullish bounce can lead to a rally up to $0.1089.
ALGO is trading close to its all-time low of $0.08846.
ALGO coin witnessed a 97% discount from its all-time high of $3.28.
Algorand was founded by MIT professor, Silvio Micali.
$0.091 is the new support level with buyers preparing to challenge the resistance.
Doji candles at the base suggest a potential reversal or loss of momentum.
ALGO trades at $0.42, hinting at a potential bounce.
Bullish divergences in technical indicators such as RSI and MACD.
Breakout from resistance trendline necessary to reach or surpass $0.10.
If faced with rejection, ALGO could go down to $0.081.
Will ALGO Prices Reach $0.16?
ALGO forms a double bottom pattern at $0.91.
Bullish divergence spotted in RSI amid a double bottom.
ALGO faces resistance at the 50-day EMA.
Recent dip sees ALGO below the $0.10 mark, closing at $0.0934.
Sideways market trend with ALGO showing potential for a bounce.
Double bottom pattern emerges with strong support at $0.091.
Current ALGO price: $0.0965, down 0.82% intraday but up 2.21% from last night.
1-day chart reveals a key resistance trendline.
Breakout from double bottom could target $0.1082; ultimate aim: 200-day EMA at $0.16.
Downside risk: If ALGO drops below $0.091, it could head to $0.084.
algocould have a few more dumps, I think this is at least CLOSE to the bottom. I would double down at .07 but im adding here.
