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ALGOUSD trade ideas

$ALGO with trend line and Fib Retracement AnalysisGood day, everyone. I hope everyone is having a relaxing day. $ALGO seems to be doing very well since December 28 on the daily. According to the Fibonacci Retreacemnent, Algorand bottomed out at $0.16 after a big red candle on November 20, 2022 when it reached $0.2991. I expect Algorand to continue it's upward trend. I am hopeful that the $0.269 resistance will be broken and be considered support. After that, the next target will be at $0.2986 which is the next level of resistance. If $0.2986 resistance is broken, expect $0.38 to be the new target of resistance as $0.29 will be support. Add as of 3:15PM EST -- Relative Strength Index is just above 69 (nice). It is very close into being the overbought region of 70. Please do your own research. I am not offering financial advice! Trade responsibly folks!
COINBASE:ALGOUSDLong
by jlayfield85
Watch these two targets better late than too earlyTwo white circles on this chart is what i will be watching next two months and next year after the Bitcoin halving. I would rather wait to buy algo honestly. If it breaks into the purple i will see it as support and start buying. If i am correct and the channel completes to the bottom i will have no regret in waiting. FOMO is a weakness and we have to be smart for the long term money flow into the markets. Well this is just my idea and it is not confirmed yet. There is no wrong trade decision here after the 95% drop so buying isn't out of the question but i would rather wait to see what happens. If there is still a 50% chance to buy more with less invested then it is worth the wait in my opinion. Day trades move in and out so it really has no effect on them. Good luck to us in the new market coming. I will not be posting anything else for months so happy trading.
COINBASE:ALGOUSD
by UnknownUnicorn20315852
3
ALGO - Fib Time & Space Predictions using the Power of PyramidsALGO - Fib Time & Space Predictions using the Power of Pyramids the length of each segment of the blue rektangles is equal to the time price spent inside of the price range of the pyramid (diamond) so using pyramids give us knowledge about time AND space that lower triangle caught my eye a while back and i had to leave it on there interestingly it lines up well with the fib spiral the angle of the center line of the pyramid tells us about the ratio of the blue rektangles the golden ratio and eureka! the yellow lines are the fib time tool the coordinates being the time price spent in the range of the pyramid exactly matching my blue rektangles Let's watch how this goes
COINBASE:ALGOUSD
by antempire4
2
Algo turning point! Crypto Altcoins #CryptoWhale100Billion Alt Coin Analysis: Algo My Analysis shows that Algo has been holding at the .24 cent market for a few days now, filling up bear pockets. Algo has been falling for quite some time from an all-time high at $2.79 and crashed to .24 cents. A lot of sell-off, but this coin has the potential of stake rewards of Algo 5.75%+ interest which will give you more reward of Algo over the longer time of holding it. I can see it moving back to .285 cents and .33 cents. Indicators show strong resistance using common pass strategies indicators to see cryptocurrency patterns. Rsi giving an Upper trend, Macd crossing over to the higher side of the trend. Candlesticks holding the resistance for over a week. I am more bullish on Algo to .284-.33 cents. For bearish to .19 cent. Shoot me a message with your Technical Analysis to see your thoughts and trading strategies. #CryptoWhale100Billion Press The Thumbs Up and shoot me a message below what your idea on KNC will hit. Thank You for the support! Below are some Previous chart links I've written for Reference.
COINBASE:ALGOUSDLong
by CryptoWhale100Billion
4
ALGORAND Rising WedgeGot news for you: ALGORAND's not the only altcoin trending in a RW pattern. There are many others. Upper shadows are long and deep above microtrend resistance, volume is relatively low on the upthrusts. Blood is in the forecast, but perhaps not before another bull trap rally. Don't get fooled by the FOMO. Stay safe! Be sure to subscribe for more clean, accurate, easy-to-follow swing charts with exceptionally high win ratios (80-85% average). I've been a fulltime crypto trader/investor since 2017, and I handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Not financial advice. Always DYOR & trade at your own risk.
COINBASE:ALGOUSDShort
by jalapablo
2