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ALGOUSD trade ideas

$ALGO | Potential Move Up To Previous ResistanceALGOUSD was at mid-September levels of being oversold and broke the lower Bollinger Band. I waited on confirmation for this potential reversal to the upside because of this. We had a green candle closing fully above the bottom band and above the most resistant near term support levels. Got in a buy highlighted by LONG POSITION graph with the mindset of taking profit slightly above the 200 EMA which hasn't been respected most recently but BELOW the nearest resistance which has. Will need a decent sized green candle to push through. Stop loss placed below BOTH the lower band and support levels.
COINBASE:ALGOUSDLong
by CryptoHotep
ALGO completing Wyckoff accumulation phaseAfter a multi-month period of mark-down ALGO is exhibiting the final stages of Wyckoff's accumulation model: 1. Preliminary Support (PS) established 2. Selling Climax (SC) achieved 3. Automatic Rally (AR) occurred 4. Secondary Tests (ST) occurred 5. Price broke key resistance level (Sign Of Strength / "crossed the creek" 6. Price Backed Up ("walk back to creek") The next phase is the mark-up phase. This could correspond well with a mid-term rally off SPY support level.
FTX:ALGOPERPLong
by cryptomius
Long Algo Everything about Algo's chart is yelling "pump". We just hit strong support along with Momentum showing an Inverse H&S. RSI on the higher time-frames looks bullish as well. This bounce for Algo will be strong! My target is a combination of a fibonacci retracement level along with resistance. Keep an eye on Algo because it's ready to pop. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
COINBASE:ALGOUSDLong
by WaltrAlexander
1
Can ALGO overtake ETH by EOY?This is a simple setup for algorand position relative to BTC, ETH and USD It appears that ALGO is now threatening ETH, as we are hovering dangerously close to upper channel. With regards to BTC, we are also in the same position. If Algorand receives any additional catalysts from events, we could see a strong relief rally. Based on Inverse Prices action in USD, ALGO attempted 4 times to go bellow 30c and could not break through, indicating a very solid demand upon investors, that know the future and fundamentals of Algorand. Therefore, unless the world is heading into WW3, a new Mega Pandemic, 30c is going to hold and by August we should all be looking at 40c+ I am very interested in the ETH/ALGO as it shows a strong possibilty of ALGO breakout from a long bear channel. It still not going to start a bull, but after that drop it just might.. Fun times ahead regardless, **LEGENDS** BLUE = Bear/Resistance || Yellow = Bull/ Support Lines: Fractal dates are moments of interest, where price and time collide to create oscillation. the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ Feel free to request: your coin to be analyzed! Please keep those Stop losses in place or mind! Thank you, and stay strong my fellow CryptoPunks! Future belongs to the brave, and crypto is the future. _Ajion
COINBASE:ALGOUSDLong
by Ajion
ALGORAND - Wait For The Trigger!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Left Chart ALGO is approaching a strong support and demand zone so we will be looking for buy setups on lower timeframes. H4: Right Chart ALGO formed a valid channel in red but it is not ready to go yet. For the bulls to take over, we need a break above the previous high. Trigger => Waiting for a momentum candle close above the last high in gray to buy. Meanwhile, until the buy is activated, ALGO can still trade lower inside the blue support zone. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
13