ALGOUSD trade ideas

Crypto_MD

Hi As you can see in the chart, the price has broken a downward trendline and pullback. Besides, that price got supported on 0.618 Fibonacci and on an upward trendline. There is a visible bullish divergence. --------------------------------------------------- What is your opinion? Comment it below. If you like the idea, please hit the like button and subscribe to...

assegayer Updated 

ALGO/USD LONG Reverse head and shoulders + RSI divergence -As the title says. COMMENT AND LET ME KNOW WHAT YOU THINK. ALL IDEAS ARE VALUABLE TO ME.

ashkan9193

weekly chart, it will be amazing

Abolfazl69

Beautiful😂

Sparkster

ALGOUSD is under pressure with a 45% downside risk to find a strong support level. That would present traders with a good buying opportunity. Alternatively price may consolidate at the current level, preparing to re-test the level 45% above current prices. The MACD is turning red as of this week which suggests that momentum is weakening so we remain cautious...

Abolfazl69 Updated 

50%----50%

klaye060502

algo looks to be a failing to break the .50 fib upward, and holding the downward trend line short term. Stuck between resistance above, and a massive amount of support below, a test downward is only logical from here. A Big Head and shoulders looks to drive continued capitulation, and force a test of the monthly support line . I expect a bounce back up from...

Coolerking1 Updated 

it's time.

TheTradingTraveller

Whats next?

TheTradingTraveller

Staking Algorand is as easy as leaving the asset in your wallet, I'm a fan of this coin!

track4success

algo with the bullish crossing on the 4hr and the possible 3 white soldier on the daily. is this the breakout to 4 or higher you tell me like an agree.

degentrader1111 Updated 

nice s/r flip, technicals look good, nice volume coming in. I dont know anything about the project but strictly TA wise it looks good

Swoop6

Time to gain those sats.

rinvest

I don't hold any. Good project. Terrible name. www.algorand.com --------- Marshall Islands have built their CBDC on the Algorand blockchain, albeit a permissioned "co-chain" version of it, and against the recommendation of the IMF. See: Marshallese Sovereign (SOV) sov.foundation Partnered with SFB Technologies for identity management Also see: USDC on Algorand

Thierry88

What a crucial image. Same Head and Shoulders as a few weeks back, just bigger! Looks like we have a waterfall scenario here... For the ones who hold ALGO, better pray... Happy Trading!

Thierry88

Algorand looking as if it is building one massive broadening triangle which could go into both direction when hitting the bottom. Looks very bearish at the moment. Also built a H&S in shorter time frames. Good luck with that one! Happy Trading!

looky83 Updated 

Take a look @ this chart...it looks bullish The only problem is EMA 200 on daily, we closed 1 candle under, let's see how today and tommorow close

leopisbig Updated 

It has been since October 2019, #Algo is in accumulation mode and it is now testing the upper level of its range. I think there are 2 possibilities: a) Successfully passes above the resistance, retest and continue b) Failures and continue to accumulation. In the end, after the accumulation, there is a big upside potential for #Algo.