Get started
ALGO Perpetual Futures ContractALGO Perpetual Futures ContractALGO Perpetual Futures Contract

ALGO Perpetual Futures Contract

No trades
See on Supercharts
OverviewNewsIdeasMindsTechnicalsSeasonalsMarkets

Trade ideas

Possible divergence at ALGO Algorand has had a good last week of recuperation with +30% boosted by the general recovery of all currencies especially the Altcoins. 2-3 days ago it bounced off the resistance of the bullish channel which it has not been able to break and came close to the $1.20 level where there was strong buying from the people. Currently it is a bit far from both the EMA and MA 20 last sessions. To note the clear bearish trend generated by the average volume in the last 5 sessions that could generate a bearish divergence to the price. With all this I could expect a break towards the bottom of the channel that could coincide with the support of $1.18-1.20 and then bounce again to the top of the channel breaking all the resistances in between. Algorand lleva una buena ultima semana de recuperación con un +30% impulsado por la recuperación general de todas las monedas especialmente de las Altcoins. Hace 2-3 días reboto con la resistencia del canal alcista que no ha podido romper y se acercó a buscar los $1.20 donde hubo una fuerte compra por parte de la gente. Actualmente se encuentra un poco lejos tanto de la EMA como la MA 20 ultimas sesiones. A destacar la clara tendencia a la baja generada por la media del volumen en las ultimas 5 sesiones que eso podría generar una divergencia bajista al precio. Con todo esto podría esperar un descanso hacia la parte baja del canal que podría coincidir con el soporte de los $1.18-1.20 para luego rebotar otra vez hacia la parte alta del canal rompiendo todas las resistencias de en medio.
BINANCE:ALGOUSD
by GuillemGM
ALGOUSD inverse HEAD AND SHOULDERS?Algo looks like it is creating an inverse head and shoulders pattern. Lets see if it will complete the yellow line and break the neck line labeled with the purple arrow. If we can break out of this and the channel we can see us at our local high around $1.84. We can also view it as a cup and handle possibly I like to keep my ideas short, brief, clean and clear right to the point. Do you own research. Good luck and happy trades this is not trading advice
COINBASE:ALGOUSDLong
by MrTradingDay
2
ALGO (ALGOPERP) – Long signalBUY: 1.12 – 1.18 (Wait for price to reclaim the EMAs before entering) TARGETS: 1) 1.44 2) 1.77 STOP: When a 4h candle closes below 0.98 Rationale: -The 100 and 200 EMA have acted as strong support for the duration of the uptrend. -More recently, the price has been conforming to an ascending channel. -The RSI has also been moving in a channel and is at a key support/resistance level. -If the RSI can break and hold above the channel it should also hold above the 200EMA. This is our signal to enter a long position. -The confluence with the 200EMA and RSI gives us confidence in taking a long position once the EMA is reclaimed as support. Your risk, your reward. This is not financial advice. Happy trading.
FTX:ALGOPERPLong
by ForgeTrades