ALGOUSD.P trade ideas
ALGO holding up beautifullyI am completely new to TA, and got into ALGO a bit late in the party, but watching ALGO over the past few days, it has held up to the BTC-induced overall market ups and downs remarkably based upon the ranges I assumed it would trade in on all time frames -- bouncing off of nearly every trend line and support. See my newb chart above.
ALGO Swing tradeNice setup for a swing trade.
Please see the chart with marked key levels and trend lines.
Longin for some algoVery undervalued market cap with adoption coming along every day. Ta shows nothing but coincidence.
Long on ALGO Analysing $ALGO...
We’re following a similar pattern to the last breakout. A typical ABCDE pattern is formulating this time around too and I believe we have reached the final stage. Breakout is around the corner! I’m expecting price to reach $1.45 by the end of the month.
I’m estimating around a 13 day period till we reach the new high for the coming bull run which puts us around Mid April (breakout coming end of the month/early April) at a price of around $2.80-3.
ALGOUSD ://longalgo looks a bit dumpy but still super strong above 1.00_ maybe look to get a dip around this level n down
_IF she breaks that 1.00 and falls below .95 .90 we could see a re trace to .70 zone but very doubtful_ algo was unknown until recently _ this team is bananas strong in talent _ scalable and easy to stake this blockchain has huge government _ stable coin and other potential
just buy algo and download the wallet then keep _ send to wallet and earn more algo _ really that easy
_HGM T3Am
ALGO touching support?Thanks to BTC alts are taking hits. BITSTAMP:BTCUSD
But remember the market cap for alts is at an ATH and we have more upside potential.
This is time to break away from correlation and forge a new future for the coins.
Algo has so much potential it would be hard not to pass. We are still bullish, and those low wicks keep getting filled with orders which is a good sign similar to AVAX
I leave this up to your discretion but know it may drop temporarily while BTC lets off some steam. All part of le process.
(Disclaimer not financial advice just my opinion)
algorand wave ideakeeping an eye on this guy. seem s to me there is enough lack of news or hype about a great project to provide the opportunity for positioning early for next wave./
Algo quick in and out?Maybe a bump above resistance and a retest?
A few points and I'm out.
this has been my game with algo over the last few weeks and it has been FIRE!!
ReversalShort-term reversal diamond pattern is possibly forming.
I have an immediate target of 1.30-1.32.
We'll have to see if this finishes filling out first.
Constructive criticism and critiques welcome.
Not advice.
Happy and Prosperous Trading.
algo ideafor some reason algo is struggling to keep up, deaily support is at 1.17 cents . am still long algo but should it close below, that wouls be very bad
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Algorand Stays Range BoundI have been buying and selling this guy throughout most of this range. I set alerts when it crosses the median line and sell when it exits the orange line on the high side (or close to it) and buy when it closes in on the bottom orange line. Most things break out of cycle eventually, but this could be a simple play for you crypto traders.
ALGO specifically moves in decent correlation to some crypto but not most. If ALGO is not your cup of tea, there are more cryptos coming up everyday.
Algorand on Healthy uptrend!This is my first post I've ever made on here, so am sure there will be lots of mistakes. I like to call mistakes learning opportunities. IMO Algroand is very undervalued and is not on the radar for most people. The uptrend I've highlighted is looking healthy, and am optimistic for the future for algorand. Just thought id share this.
Thanks
