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ALGUST trade ideas

$ALGO- updateimagine your stop is at .2049 you've been dca you levered position since $1.72 trying to keep the faith most likely will stop you out and some more .. .2050 first zoi .16 - .34 possible rally macro bottom ain't in until the fat lady sings:) deviation below and reclaim of blue line should be a good trigger imo either way holding some of this and going to add at .2050 leaving the leverage for after we reclaim 18k and above .. dominance bounce would mean alts suffer and the btc pairs have room to go down . sell the news dump in regards to the world cup maybe as we reach the semi's this pumps
by CompoundingGain
6
Algorand (ALGO) Price PredictionAlgorand (ALGO) Price Prediction Algorand (ALGO) holds the 30th position on CoinGecko right now. ALGO price prediction 2022 is explained below with a daily time frame. The falling wedge is a bullish pattern . Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume , which decreases as the channel converges.  Currently, Algorand (ALGO) is in the range of $0.2394. If the pattern continues, the price of ALGO might reach the resistance levels of $0.3150. If the trend reverses, then the price of ALGO may fall to $0.2190. Happy Trading
Long
by TheNewsCrypto
28
ALGO BULLISH REVERSAL !Hello Traders, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. ALGOUSDT, as we clearly see price is overall bearish trading around a massive support zone So, as we can see in the picture For a short-term perspective we need a break above the first neckline which is the first swing high For the bulls to kick in Second neckline for the bulls to kick in from a medium-term perspective we need a break above the upper neckline Until that happens, we are still bearish, and we can still trade lower and lower to dive inside the support zone And as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
2
ALGO Bearish Flag 🚩?🚩?🚩?🚩Hi dear traders As you saw in previous analysis we take profit 📈. The price has formed a bearish flag. If it loses the 0.26 support on the daily time frame, I expect the price to drop down to the 0.2444 and 0.2306 area. Wait for a pullback to the 0.271 area to enter. This area should be tested as resistance and the pattern confirmed. Waiting ✋ for confirmation. Let's see what happens This is not financial advice ( DYOR ) Good luck
by Th57Trader
4
ALGO Loading up for a move! Here's a quick look at ALGO 30 min chart. As we can see, the price has been forming a symmetrical triangle and we will see a breakout soon! Keep an eye on this setup! The best entry would be when the price breaks above 0.302$ with a good amount of volume. ------------------------------------------- The idea is: Buy when the price breaks above 0.302$ and take profits at the levels shown in the chart. Targets: 1. 0.306$ 2. 0.31$ 3. 0.327$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
6
ALGO's remarkable growth!ALGO has registered a growth of 11% in the last 24 hours. The price of this currency, which is in a range trend in the daily time frame, broke (fake) its support level in the range of 0.26 to 0.28 dollars. The support of buyers has led to the return of high prices in this area. Therefore, we expect a good reaction in case of a pullback to this area. The overall trend momentum is still bearish, and there is selling pressure in the market. The price trend of this currency is upward in the 1-hour time frame, but considering the range of the trend in the 4-hour time frame and the resistance in the range of 0.32 to 0.33 dollars, we expect a negative reaction to this range. For the next week, if this currency returns above the range of $0.36, it is likely that we can see an upward trend in the 4-hour time frame.
by MonoCoinSignal
1
ALGO Long Term Expectation (19.11.22)The threat of global economic crisis and recession is no longer a possibility, but a reality. Therefore, in a few months, decreases will continue in coins, especially ALGO. There is still the possibility of a dead cat bounce in the short term and then it is highly possible to pull back to 0.17$ support and get a reaction. It is best to wait for the 0.11$ region for the actual purchase. What I write here serves as a note to myself. Does not include investment advice.
by BarbarKalyon
3
LONG ALGOUSDTSome coins have reached the rock bottom. Rock bottom does not guarantee or is a symptom of reversal to the upside. it's important to note that reversal happens when price has got to an institutional key level or say protected levels. This is the level the market makers and investors would not like to see price trade below. They would however rather introduce new money into the project or pair at that level just to push price back up. ALGOUSDT is such a pair that has got to the institutional level and has given a healthy signal for reversal. This means that we would be looking for the BUYs.
Long
by cryptodna_uk