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ALGUST trade ideas

ALGO/USDT Cut & Handle spotted Hello guys Another one one our watchlist is ALGO/USDT pair. As on THETA this one also has formed our favourite pattern which is "Cup & Handle" pattern. This pattern has been working out nicely for us so let's see if ALGO can secure the price above the neckline which would lear the price of ALGO to go towards EMA100 and possibly EMA200. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowPremium
11
ALGO a Safe Play!? ALGO seeks to build on similar projects like Ethereum by improving scalability, security, and reducing the amount of time it takes for transactions on the network to be considered “final.” Developers can use Algorand to create decentralized applications — for loans, decentralized trading, and many other uses — that can take advantage of fast, low-cost transaction processing while scaling to a large number of users. With a reward of over 6% currently on Coinbase and 72% of supply now released ALGO is in a strong position to steadily climb to new Heights. Algo looks like a safe play in the coming Bull! IMO ALGO has bottomed and a reversal is underway!
by ChartPatternExpress
1
ALGO Waiting ✋for complete pattern ☕🖐☕Hi dear traders As you saw in previous analysis we take profit 📈full target ✅ After climbing 19.54%, the price is now correcting. If it stays above 0.1717, it will correct around 9.63%. Now it's seems Cup and Handel forming. The cup pattern is formed and we are waiting for the formation of the handle. If the pattern is confirmed, the price can climb up to the resistance area of ​​0.2126. We have to wait for the market's reaction. If BTC rises, altcoins will also start to rise. ALGO is unpredictable, but we can take a good swing and earn profit in both the bearish and bullish cases. Waiting for breakout and pullback completed for long position. Let's see what happens This is not financial advice ( DYOR ) Good luck
Long
by Th57Trader
6
Algorand (ALGO) to $2On the above 5-day chart price action has corrected over 90% since the beautiful sell signal (not shown) on September 2021 @ $2.40. Now is an excellent long moment. Why? 1) A strong buy signal (not shown). 2) Price action is printing as support on past resistance, look left. 3) Regular bullish divergence. Lots of it. Do not ignore. 4) Dragonfly DOJI candle. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: Don’t know. Return: 10x
Long
by without_worries
1