Price Discovery Mode ActivatedAround 2.6 or 3.8 are my price predictions for the end of this leg up. It will be followed by seriously choppy waters and a 60% decline.
ALGOUSD trade ideas
Algorand - ALGO in upward channelAlgo - Price is moving up nicely in upward channel, it can reach as highs at 4.75$
ALGO - How High Can it Go?Unlike most cryptocurrencies, ALGO is up big over the last few days. If I were trading this, I would be looking to sell, and hope to by back at a lower price later. But, I'm getting a really nice staking reward, so I'm just going to hold on to this one. Over all, I'm up over 300% on this. Probably going to get slaughtered like a pig.
MIXED THOUGHTS, WAIT FOR CONFIRMATIONWell, the TA pattern so far indicates that a bull flag has printed in the shape of a DBW (Descending Broadening Wedge), so both a bull flag pattern and a DBW pattern both will produce an bullish outcome MOST of the time...however this time we have the recent drop of a potential correction where LH's and LL's are still being printed. If the overall market pattern changes bullish then my sentiment on the short term for ALGO will turn bullish as well. For now, I am neutral on this one and suggest proceeding with caution whether Bullish OR Bearish. To enter bullish, we need confirmation above the upper TL on this wedge AND bullish market sentiment. To enter short, we probably just need to let this pattern play out until it morphs into a TA pattern with a bearish expected outcome. DYODD. NFA.
ALGO disrespecting the current crypto bear market lolALGO has decided that the market is a bull market and in a big way. TP1 and TP2 identified since ALGO is on the way up. Has not retraced enough to look for an entry so take it with a short 'stop loss' exit to stable coin position.
ALGO ON FireLooks like ole Algo is finally doing what it's meant to do in the last year. We needed to break the 1.80 ceilings, and Algo done busted that thing wide open and held it. I believe we will see a small pullback and then a run-up to 3 bucks before the end of the week. My projection is a test of the previous 3.33 level. I expect Algo won't be seeing >1.10 again for a while. Right now I don't have an exit point for Algo, I'm going to let it ride all the way to the moon.
I'm just an idiot with a crayon. My opinion is just that an opinion this is not trading advice. COINBASE:ALGOUSD
#algo #Algorand
AlgorandOne more concurent of Polkadot, Solana and Luna.
What Is Algorand (ALGO)?
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020.
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Trading parts :
- Buy 0.98$ - 0.95$ ( Small Buy )
- Rebuy 0.85$ ( Medium Buy)
- Rebuy 0.70$ ( Full Buy )
Stop Loss : 0.65$
TP : 1.8$ ( Last ATH for now )
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Follow TheKing Moves and stay safe!
Happy Tr4Ding !
Is ALGo heading for the End-Zone!??!If ALGo is allowed to play out this projection I can see her making it over the $2 mark. However, today was a very low volume day and that could spell disaster as the day turns into night and the hypothetical Act 2 of the sell-off begins. DYODD. NFA.
Algorand ($ALGO) Upward Price ActionIt is hard to ignore the Algorand ($ALGO) BULLS. Phenomenal upward price action despite BEAR-ish energy in the overall market
Algorand Bullish Reversal ConfirmationToday's impulsive puts price on track to see $5 before end of this year
ALGOUSD is it right time to exit ?Hi, if you are following me you must have seen yesterday i shared algousd analysis in which i market the area where you can take entry
you can see after restest we took entries in algo and now we closed all our positions now we will wait for best point to enter again
Don't force trades just wait
33%+ Profits is better than nothing you can see only algo recovered that well because second leg was on the cards as e predicted
Enjoy profits and give yourself a treat and remember me as well hahhaah just kidding
Like and comment below if you took a trade and share you experiences with me because when someone earn from my analysis it makes me happy
ALGOUSD second leg up I am looking at the marked area to get into the trade and achieve the marked targets
MY MINIMALIST CHART ANALYSIS 9.6.21
Indicated are key levels of support and resistance using small and large range boxes.
Watch out for patterns, EMA, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer: The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
ALGO Up 4.13% from PreliminaryALGO has netted me a 4.13% return in 2 days. This is based on a 1.2351 preliminary entry I took on 9/3.
Prognosis: This crypto is moving up the fibs. I expect it to retest the 1.272% Fibonacci before advancing to the next level.
*Professional Wyckoffian VSA crypto swing trader (since 2017). I regularly seek out the most lucrative swings on all the major exchanges.
All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread analysis ( VSA ) and 'take-the-money-and-run' Fibonacci target zones.
I go after the runners and big money. My win rates are between 80-85%. Follow me on TradingView and see for yourself.
I review over 300 coins & tokens daily and handpick all the runners myself (no bot signals).
** Not financial advice. Trade at your own risk.
Algo making another attempt to break the triple bottom necklineNot yet fully confident we will close the current candle above the neckline when looking just to the left we can see we’ve already had a few wicks pierce it but no body closes above the grey neckline just yet. Would not surprise me if the current candle will be the one we finally get a candle body close above the neckline on but will leave this neutral now until I have more confirmation to go by. If it follows Ethereum,’s lead here it likely will close some candle bodies above the neckline sooner rather than later. If it does confirm a breakout it looks like we have a target of around 1.60-1.70 *not financial advice*
66% up for ALGO. About to breaking upNFT are climbing rapidly. Visa bought a crypto punk last month.
This opens an opportunity for MANA and its NFTs
$0.25 - 0.22 could be a great entry point!
Happy trading
ALGO USD CUP and HANDLE on the DailyNot financial advice but looks like its about to go.
1st TP $1.55
if your not in a rush $2.95
Waiting for Daily close above 38.2%.Algo has been pumping good today. I would really like to see a solid daily candle close above the .382.
ALGO double bottom .65 FIB bounce ALGO double bottom .65 FIB bounce retracement . Cup and Handle breakout on daily, any moment!
2.55 Price target for ALGORAND 2.55 Price target for ALGORAND Cup & Handle Breakout 2.55 Price target for ALGORAND Cup & Handle Breakout
Algo explosion by end of OctoberThe last time the weekly RSI was at these levels there was a massive move upward (486%) in the following 4-5 weeks. If we see the same result as last time, algo could move as high as $5.90 (unrealistic in my opinion) or at least $2.50s. With goverance happening in October, I don't see a scenario where algo doesn't move up, and quick.
