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ALGO Perpetual Futures Contract

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ALGOUSD.P trade ideas

ALGOUSD has bottomed. Next High at $4.00.Algorand's price action has been very straightforward since the start of 2020, as it has been trading within a long-term Channel Up. Every Higher High follows a +0.236, +0.786 +1.0 sequence on the Fibonacci scale and every Bottom is made on the second low following the correction and a Triple Bottom on the 1D RSI (green shape). If this pattern continues, then ALGO should currently be on its bottom as it is the second low leg since the correction (could be even the third if we count December 04). That makes it a strong buy opportunity on the current levels. A 1D MA50/MA100 Bullish Cross should come as confirmation of the rally but the accumulation process has already started. Based on the Fibonacci sequence of Higher Highs, the next High should be on the 2.236 Fib extension i.e. somewhere around $4.00. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:ALGOUSDLong
by TradingShot
10
ALGO 12 JAN REBAG SPOT #KetagihanCuanCryptoHi there, it will possibly come, lm waiting *long position* on ALGO , type: swing / SPOT ⚠️ Entry position 1 : 1.3793 ⚠️ Entry position 2 : 1.3542 🚀 Take Profit 1 : 1.551 🚀 Take Profit 2 : 1.66 🆘StopLoss/Average: wait n see Validity signal : 48 hours. My rules on trading: You can also read my chart on those line, orange as entri, green as take profit, and red as stoploss/average . IF you are using 20x leverage, and if it get 40% profit, i usually take profit 50% and move SL higher. ,Money management: 2-5% of total margin You still can lose ur money if u use my signal Regard, Ade HP ketagihancuantrading
FTX:ALGOPERPLong
by AdeHP
Algo price movement over the next wave cycleBased on the previous movements analysis, i've extrapolated trend lines from the first cycle of this upwards moving wave to get a look at what we could see in terms of the next dip, which may be down to around 1$, followed of course by another rising wave that could go as high as 2$ if the overall trend continues its momentum. If we don't see a continuing upwards trend, I would look at a more conservative high of 1.75 to 1.80 on the next crest, depending on if it will mellow out into a more neutral cycle, or if it will potentially fall into the next lower bracket (highs of 1.25, lows of 0.85 ) again.
COINBASE:ALGOUSDLong
by SDMVentureFund
1
Rise of ALGOALGO was one of the L1 laggards of 2021, along with ATOM. I believe these two play catchup to SOL, AVAX, LUNA, etc. in Q1 2022. Undercut the local lows for some liquidity and swinging back around into the range. Forming a mini flag and looks like it wants to breakout soon towards $2-2.10 which is the major resistance area. Given we've already had a failed move, think the probably of success is much greater. New ATHs this month is a real possibility, especially given ATOM is already at the highs and these two see, to mostly trade together (similar charts).
COINBASE:ALGOUSDLong
by ZenTradesRW
ALGO/USD ChartHi, I try to post often so if you could follow and like it would mean a lot to me. ALGO is very bullish right now and is ready to move towards 2$. The FOMO on the coin is amazing, the 4H and 1D charts are looking amazing. The coin broke the 1.50$ resistance a few days ago, and after having a bullish retest, the coin looks ready to skyrocket. I don't have to much to say, but right now BTC is moving sideways in between the 45K-48K, and the best way to be profitable right now is in alts that are showing strenght (like ATOM and ALGO). Please comment what you think and check my recent ideas!
COINBASE:ALGOUSDLong
by Devan-CryptoCharts