ALGOUSD.P trade ideas
$ALGO Target 1.5872 for 20.18% Or double at .9328$ALGO Target 1.5872 for 20.18%
Or next add level is at .9328
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
algo above 8hr supportalgo still looking solid, only a close below it would make it bearish am long algo, with stop loss. this is not a trading advise just a view from my point.
Algo the fib sun, and fib levels Algorand actually has hit an all time high back in july 6th 2019 at 3.15 which isn't shown on trading view chart for coinbase but it is shown in coin market cap, now why do i mention that? well if we put the 2019 all time high in account we actually see a 3 year old cup playing out now! in 2021 , make sure to adjust your uptrend and retracement fib to the all time high of $3.15 back in 2019 to get more accurate fibs! besides those awesome news it is currently bouncing on the sun fib levels and taking support on the regular fib levels set manually .
Lines still holding, resistance flipped at .382 fib lineThe upper green line of our end of Feb. support is stall holding strong limiting the tops of these last 2 big runs.
The .382 Fib line at around $1.23 was an upper resistance, but our last little dip just bounced off it.
Algo T2Algo, target 1 hit, moving towards 2. For this I decided to use an oldy but goody. Cup and handle. Perfect formation, should move up the height of the cup (around 13%) from the start of the handle. Let's aim for 1.5.
Algorand, My Humble Prediction. Seems like ALGO is following the trendline established from the beginning of the last big pump to it's current price, which helps establish the lower portion of the triangle.
Then, an important resistance zone developed over the past week or so which acts as a breakout trigger into a possible bull run and forms the top portion of the triangle.
After a nice boost in volume over the past few days and a solid cross on the 1-Day MACD, it seems that ALGO is attempting to ditch the old triangle and move on to bigger better things.
It just needs to climb up past the next few levels of resistance to get going.
The green boxes I've drawn represent possible resistance/support zones and I expect the price to bounce around these levels while it continues rising. These were determined by looking at previous price movements and using some good ole Fibonacci levels.
Personally, I see this as a great coin right now!
This is my first published idea and I'm new to trading so take it with a grain of salt. I would love some constructive criticism. Thanks!
ALGOUSDT ://for the crazy n brave_SCALP ME PLEASEalgo n me always long
buy dips n stake on algo wallet u dont need to do anything but keep algo in algo wallet that u controle
_HGM T3Am
eth n alt market gonna pump soooo hard so buy ur dips n hang on....
algo ideaalgo at top of channel i hope it breaks thought if not could risk falling a bit but am still long
bullish or what ? ALGOUSDRetesting here! let's see what happens!!! just sold a small portion. lol...might re-enter :)
ALGO - Strong BuyALGOUSD - Strong Buy
Near-Term Target: $2.00-$2.45
Learn More: www.algorand.com
FibMarketWatch
Algo target I swear, it's a beautiful inv h&s, but I can't chart on my phone. 1.25 by the am boys. (and gals)
Algo bull case Nice bull flag crossing MACD and solid consistency with volume. Been ranging too long now.
algoholding a small position in this name, as long as trendline holds, algo to 1.45 . unless a disaster happens and algo falls below trendline sell and wait for re entry this is not a trading recomendation only ideas
moving the wrong directionWell, looks like ALGO has de-coupled from the broader market, unfortunately going down while everything else goes up.
We just had a depressing Head and shoulders pattern which will likely continue with a fall to around $1.00. Unless the clouds part and we'll continue the slow climb up either getting back above the green line or staying above the blue.
Breaking an ascending triangle to 1.6This is my own technical analysis of Algorand's one day chart.
The chart is forming an ascending triangle on the one day time line. If we close the day above the upper resistance line of the ascending triangle (1.2), the next target should be 1.6. The increase in volume from yesterday and today confirm that this is a true breakout.
I think we will close above the 1.2 resistance line because we can see on the MACD indicator the red and the blue line are intersecting. We can see from the white arrows that each time they intersect a trend change happens. In this case since the blue line is starting to cross above the red line, the trend will be upwards.
We should be hitting 1.6 this week.
Good luck
ALGOA little explaining to do...
Was looking at this chart and noticed some symmetry (not perfect but close). I highlighted the purple box and grabbed the fractal within it. Flipped the fractal to a mirror image and changed the color to yellow and it overlays perfectly...also follows the pitchfork pretty well. I have highlighted the price target in orange which coincides with this charts ATH.
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
