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ALGO Perpetual Futures Contract

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ALGOUSD.P trade ideas

Oppression, Suppression, Innovation, wealth...Another example of the psychological market manipulation. 3 examples Bitcoin, Ethereum and Algo. Bitcoin and Ethereum vs Algo. Compare yourself and look at support and resistance levels of all 3. Determine for yourself what is the best investment. Algo = massive growth cycles moving forward into the future. Like buying bitcoin or Ethereum 5 to 10 years ago. Potential is HIGH fees are the lowest and speed is amazing. Resources to manage the Algo token is the lowest in the crypto industry. The next competitor is being suppressed and the explosion money flow wave is coming. Bitcoin = stability, structure and money flows in cycles. Bitcoin had massive growth and as time goes on the growth will be less and more stability but price could still go up overtime. Negative effect is dominance. Bitcoin dominance needs to drop below 20% Ethereum = Profitability and exchangeability throughout the crypto market scaling to be competitors. Negative effect is gas fees. Holding Bitcoin and Ethereum is smart. Holding ALGO is smarter.
COINBASE:ALGOUSDLong
by UnknownUnicorn35774657
5
ALGO Price Analysis: A Rocky Road Ahead?Bullish Failure: ALGO's inability to sustain its reversal rally above $0.24 leads to a sharp decline. Critical Support Breached: The price falls below the key level of $0.20, indicating increased bearish pressure. 50D EMA Struggle: ALGO is currently experiencing high volatility around the 50-day Exponential Moving Average (EMA). Potential Bearish Pattern: The breakdown of the rounding bottom pattern hints at a possible further decline. Recent Drop: ALGO has seen a significant 21% fall within just two weeks. Market Influence: The broader market slowdown, particularly post-Bitcoin crash, impacts ALGO's trajectory. Short-Term Bearish Outlook: The immediate view on Algorand is bearish, contrasting with longer-term bullish predictions. Trading Volume Spike: A noticeable increase in trading volume correlates with the selling spree. Evening Star Pattern: A bearish engulfing candle forms, contributing to an evening star pattern, but with limited resistance. RSI Indicator: A sharp drop in the Relative Strength Index (RSI) below the mid-line signifies a strong bearish momentum. Recovery Chances: If buyers can consolidate and regain strength, there's a possibility to reclaim the $0.20 level. Downside Risk: Failure to recover could lead ALGO towards testing the 200-day EMA.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
2
RUNE Price Analysis: Is $7 on the Horizon?Current State: RUNE price faces a downturn, currently trading at $4.53, teetering around a key support level. Recent Drop: Experienced a significant 10.54% fall last night, signaling potential market volatility. Key Support: Finds itself at the critical $4.50 mark, a pivotal point for the upcoming price trend. Technical Formation: A potential double bottom pattern is forming, indicating a possible bullish reversal. Below 50D EMA: RUNE is currently trading lower than the 50-day Exponential Moving Average. Fibonacci Levels: The price aligns with the 50% Fibonacci retracement level, adding to the crucial support. Bearish Engulfing Pattern: The formation of a bearish engulfing candle at the 50D EMA hints at heightened selling pressure. Market Sentiment: Despite the broader market downtrend, RUNE's technicals suggest a reversal might be imminent. Intraday Candle: A Doji stick in the daily chart is teasing a potential morning star pattern, a bullish sign. RSI Indicator: Shows bullish divergence, further supporting the reversal theory. Volume Spike: A noticeable spike in trading volume could fuel the potential upside. Upside Potential: If the bullish reversal materializes, RUNE could target the $7 level.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
2
ALGO - Next Wave Up ⏫It would appear that the next wave up is underway. To remind, ALGO printed a shooting star and that would very often signal a top / significant correction. But crypto is really warming up now and ALGO appears to be into the next wave up already. It wasn't entirely clear because we have multiple tiered 3 wave corrections. And ALGO has not even hit the 0.382 retracement which could be somewhat expected after a shooting star candle on the 3 day chart. But notice the bounce rolls into a contractive re-accumulation pattern (green box) and now we have seen a small breakout from it. Its not impossible of course to see further corrective price action perhaps if BTC slumped. But right here it would appear the next wave up is underway 🧐. ALGO is looking solid and things are getting very interesting. Not advice
BINANCE:ALGOUSDLong
by dRends35
8
ALGO Price Prepares Bull Run Beyond $0.30Stellar Reversal Rally: ALGO showcases an impressive 26% jump, indicating a bullish breakout from a rounding bottom pattern. Two Consecutive Bullish Candles: The significant rise is marked by strong bullish activity. Testing Key Psychological Levels: ALGO approaches the $0.25 mark, setting sights on $0.30. Remarkable Year-to-Date Growth: ALGO's 45% growth this year suggests a strong market presence. Potential for a New 52-Week High: The current momentum could lead to record highs in 2023. Strong Market Cap Milestone: ALGO's market cap surpasses $2 billion amid a 142% three-month rally. Neckline Breakout: The crossing of the $0.22-$0.23 neckline underlines the bullish breakout. High Trading Volume: A surge in trading volume bolsters the current uptrend. Technical Indicators: Bollinger Bands and MACD both point to a continuation of the bullish trend. Future Price Potential: If ALGO sustains momentum above $0.25, it could potentially target $0.30 and beyond. Possible Reversal Point: A reversal from $0.25 could lead to a retest of the $0.20 support level.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
Can ALGO Step Beyond This Neckline?Reversal Rally Reaching $0.20: ALGO's ongoing reversal rally is gaining momentum, currently reaching around $0.20. 32% Jump in Last Week: The bull run has resulted in a 32% increase in ALGO's price in the past week. Potential Surge to $0.2834: The high momentum bullish rally might soon surpass $0.25 and reach as high as $0.2834. 18% Year-to-Date Growth: Despite a challenging year, ALGO has seen an 18% increase in its price year-to-date. Support at $0.0912 Level: ALGO has taken multiple supports at the $0.0912 level, showing rejection of bearish dominance. Boost from Uptober Rally: A boost from the Uptober rally helped ALGO break multiple barriers, indicating a strong comeback. Rounding Bottom Pattern in Weekly Chart: The reversal rally has formed a rounding bottom pattern in the weekly chart. Current Trading Price: ALGO is trading at $0.2047, with buyers attempting to sustain it above $0.20. Technical Indicators - Bollinger Bands and MACD: Bollinger Bands stretch upward, signaling a bullish phase, while the MACD supports the possibility of a breakout rally. Bullish Actions Tease Sustenance Above $0.20: The bullish trend continuation pattern suggests a potential breakout above $0.24. Risk of Retesting $0.1717: If there's a reversal, ALGO may retest the $0.1717 level.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
2
ALGO/USD COINBASSE $ALGO ALGO ALGO Long hereEURONEXT:ALGO looks to be ready to take another leg up in this channel its in. Again it depends if #Bitcoin hold its sideways slow grind up price. #charts #crypto #alts #altcoins 1hr green DOT and in the money flow with a trigger wave along with break out of the descending triangle Ride nicely in the rising channel represented buy my thick red lines top and bottom of pattern. I have 2 million Algo coins bought at .15 cents i feel this can Easly double quickly. lets go !!!
COINBASE:ALGOUSDLong
by WAYYYYUP
Is ALGO Ready Reach $0.20?Consolidation Range Breakout: ALGO shows a breakout from its consolidation range, aiming to rally beyond $0.1717. 25% Jump in Eight Days: There's been a significant 25% increase in ALGO's price in the last eight days. Potential to Surpass $0.1717: The current bullish rally could soon exceed $0.1717, targeting $0.19. Bitcoin's Influence on Altcoins: Bitcoin crossing the $40K mark has positively impacted altcoins, including ALGO. 85% Jump in 50 Days: ALGO has experienced an 85% increase in the past 50 days, indicating rising demand. Bullish Reversal from $0.088: ALGO's bullish reversal started from $0.088, showing strong market performance. Uptober Rally Extension: The bullish trend from October continues, with high spirits in the ALGO market. Current Trading Price: ALGO is trading at $0.1657, with a recent 7.32% overnight jump. Technical Indicators - RSI and MACD: The RSI indicates increasing demand, and the MACD shows momentum post-bullish crossover. Target of $0.19 and $0.20: ALGO has the potential to reach $0.19 and possibly $0.20 before the end of 2023. Risk of Retest at $0.15: A reversal from $0.1717 could lead to a retest of the $0.15 level.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
3
Is ALGO Ready For A Bull Run To $0.20?Bullish Reversal from 200D EMA: ALGO shows a bullish reversal, rallying from the 200-day EMA. Exceeding $0.15 Mark: The bull run has surpassed the psychological level of $0.15, hinting at further gains. Golden Crossover Possibilities: The rally increases the likelihood of a golden crossover in the technical charts. Breakout Rally to $0.1717: The breakout rally surpassing $0.15 teases a potential rise to $0.1717. Impact of Bitcoin's Surge: Bitcoin's ascent past $40K is positively influencing the altcoin market, including ALGO. Dynamic Support at 200D EMA: The 200-day EMA acts as dynamic support, bolstering ALGO's price. Prediction of Bull Run to $0.20: Current trends support predictions of a bull run potentially reaching $0.20. Trend Reversal in Daily Chart: The daily chart shows a clear trend reversal and sustained bullish momentum. Consecutive Bullish Candles: ALGO forms four consecutive bullish candles, reinforcing the uptrend. Current Trading Price: ALGO is trading at $0.1548, following a 2.43% jump, with an intraday growth of 2.31%. Technical Indicators - RSI and EMA: The RSI approaches the overbought boundary, while the 50-day EMA trending up suggests a golden crossover. Risk of Reversal to $0.1277: If there's a reversal under $0.15, ALGO might retest the $0.1277 level.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
1
XLM , good buy .Sup folks , posted about xlm just to let you know its cheap , i have drawn an accumulation zone which right now the price is in and you can start accumulating , in my idea we gonna have most of the 2024 bullish and xlm is one of the coins that repeats its history , my target for it will be close to previous ATH and im not sure it can break it as theres so many new freaking good coins in the market but its an easy gain in case you have the patience with antique , good luck lads .
CRYPTO:ALGOUSD
by mastershark
2
How ALGO Can Prolong The Ongoing Recovery?Gradual Growth in Bullish Momentum: ALGO's price trend shows a steady increase in bullish momentum, hinting at an upcoming breakout rally. Rounding Bottom Formation: The 4-hour chart reveals a rounding bottom pattern, indicating a potential exit from short-term consolidation. Potential for a 20% Jump: A breakout could lead ALGO's price to rise to $0.1717, a 20% increase. Altcoin Market Recovery Anticipations: With the altcoin market gaining momentum, there's heightened anticipation for market recovery. Bullish Turnaround in Consolidation Range: ALGO displays a bullish turnaround within its current consolidation range. Trend Continuation Pattern: Analysis suggests a high likelihood of the prevailing uptrend continuing. Increased Trading Volume: A surge in trading volume supports the possibility of a speedy upward move. Consolidation Range Between $0.12 and $0.15: The price has been moving within a consolidation range, showing volatility. Higher Low Formations Near 200 EMA: Frequent higher low formations near the 200 EMA suggest strong demand. Current Trading Price: ALGO is trading at $0.1415, following a 4.26% jump, with an intraday growth of 1.51%. Technical Indicators - RSI and EMA: The RSI is nearing the overbought boundary, and a potential golden crossover between the 50-day and 200-day EMAs is on the horizon. Breakout Rally to $0.15: The formation of a rounding bottom pattern suggests a breakout rally that could challenge the $0.15 mark. Downside Risk: A reversal from key levels could see a retest of the 200 EMA at $0.1277.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight