ALGONot financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Algorand
Algo.Algo saw a clean 5 wave impulse which had begun back in march of 2020.
The impulse was completed in November of 2021.
Since that top, Algo has put in what looks to be a zig-zag (labeled a-b-c).
-it has retraced roughly 61.80% of the entire bull run.
-quadruple bullish divergence on the daily time-frame is present (very rare).
-indicative that this dip could potentially be a wave (2).
if i'm right about all of these alts being in a 1-2,
then we are in for a ride into the skies.
---
things definitely don't look too good in the world right now,
the economic crisis which is happening right now would be the single biggest argument against what i'm portraying here.
the only way this scenario could play out, is if something drastic changed in the world in the near future.
---
i will continue to entertain the idea that these could indeed be 1-2's, but i'm also going to approach this very conservatively and with extreme care \ caution; making sure to use proper risk management if i ever was to play any of these.
nothing in this market is certain, in fact, it's all extremely uncertain right now; and there is an infinite amount of possibilities which could potentially be at play.
this is merely the bull case, nothing more.
there is also a very probable bear case, so you gotta be very careful.
don't be attached to either side, just let the market show you what it wants to do, then simply go with the flow.
---
Best of luck!
$ALGO at key levelThe point of control level is $0.3005 very significant. Dating back to Algorand 's inception, this has been a key level of resistance/support. ALGO stopped nearly to the penny on the volume shelf at the bottom and bounced off it multiple times.
Previously it was resistance, now it seems to have become support. ALGO seems to be running out of sellers. Soon the bulls will take control. Targeting the $0.5380 level which would be a 50% return and the VWAP from the most recent high at $1.0172 would be a nearly 200% gain.
Algorand is green, efficient, and has extremely low gas fees (I believe it's $.001 please correct me if I'm mistaken).
Algorand ALGO short Entry Range, Take Profit and Stop Losspreviews Algorand short
ALGO/USDT short
Entry Range: $0.35 - 0.38
Take Profit 1: $0.30
Take Profit 2: $0.25
Take Profit 3: $0.19
Stop Loss: $0.44
ALGO/USDT 80% Potential Upward if Break This Resistance#ALGOUSDT Technical Analysis:-
#ALGO Trading at SuperTrend Resistance $0.42
If Price Break This Resistance Then We Can see 30% to 80% Upward Move from here.
Resistance:- $0.5/$0.62/$0.75
Stop Loss: $0.367
Algorand longAlgorand bounced off the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.495 is possible.
ALGO - LONG TO .42ALGO has held .35 Support well. I’ll be accumulating a long position down to that zone
Looking for .42 target (~ 18% Return)
Stay nice, this is not financial advice.
- mrnicegvy
ALGO inverted head and shoulders#ALGO/USDT
$ALGO shaped inverted head and shoulders pattern and now try to break out from neck line.
🐮 breaking out from neck line will increase price to touch resistance zone between $0.47 and $0.49.
ALGO - $.41 ideaALGORAND has held $.35 support since May 27.
A successful trade to $.41 returns ~ 15%.
I’m in. Stay nice, this is not financial advice.
- mrnicegvy
ALGO/USDT BUYING SETUP (SWING)ALGO potential rejection after hit demand area and continue upward movement .we can close if can't break resistance at $0.425 area
Buy zone : 0.38 - 0.365- 0.355
Target : 0.4196 - 0.4521 - 0.4952 - 0.5761
Stop : 0.345
Algo Obvious patterns!Here is a update analysis on Algo. We about to see algo move up trend in the next few weeks. All blue arrows shows how long you should be holding algo for to profit. Algo have potential of hitting over $3 Rsi looks similar from all its previous lows. Make sure you do your own research before buying.
Algorand (ALGO) Buy ZoneAlgorand (ALGO) Buy Zone
--------------------
BIAS
Mid-Term : Neutral
Risk : Medium
We’ve seen high volume spike on this beast over the last 2 weeks, with closes below support and spikes of buying volume.
--------------------
$ALGO/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 0.39 - 0.38
TP 1 : 0.398
TP 2 : 0.408
TP 3 : 0.418
TP 4 : 0.43
TP 5 : 0.443
TP 6 : 0.455
TP 7 : 0.473
TP 8 : 0.495
Stop Loss : 0.3665
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
--------------------
short ALGO$ALGO is trading below its local support level. Further decline to support at recent low at 0,35 $ is likely to happen.
#ALGO/USDT 1DAY UPDATE BY CRYPTOSANDERS Welcome to this quick ALGO/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:- ALGO/USDT PARALLEL CHANNEL brake the green and trandline and buy the retest green zone. PARALLEL CHANNEL green zone. (SPOT CALL)
Entry:-$0.4230,$0.4625
Traget:- 30%
Stoploss:- $0.3555
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
DCA down - High R/RAfter having a deep dive through ALGO on a range of indicators, we have entered accumulation zone.
Chart & technicals are overall bullish (though the market is weak at this time).
ALGO is perhaps one of few coins worth its speculative weight; spot buys from here all the way to 0.
NFA - DYOR.
Charts are my own opinion, markets are volatile & you're likely to get properly rekt - take care out there.
Algo Bull incomingAlgo just increase its stake reward on coinbase the highest earner rewards. Massive buying volume have already started Algo stake reward payout daily and higher then most other coins atm. Coin have potential moving up in the next few days. Algo reach its low at .35cent and pulled back .10 which is very low. The RSI have shown double bottom inverse.
2022-05-16 ALGOUSDT Long IdeaMy thoughts on KUCOIN:ALGOUSDT :
**Daily:** Price has moved down to a key demand level aligned with the green box at 35c. From here we have seen a good reaction with a reasonable amount of volume entering the market - however, we are still clearly in a downtrend, and every failed attempt at a recovery creates more low timeframe supply zones (red boxes) that will have to be overcome to regain bullish momentum.
**4H:** Price has recovered past the 10/20EMA cradle and is shaping up for a recovery push. Key levels to watch will be the 50 Fibonacci level from the recent bearish move (as aligned to the 4H 100EMA in yellow) and the 61.8Fib level (as aligned to the low timeframe supply block in red).
**1H**: Showing an interesting area for a short term long play. I've marked areas for consideration for accumulation, and where a stop loss should be placed. Targets have been set based on the higher timeframe confluences.
*Ideas only, not financial advice*
$ALGO 3D Support Break$ALGO / Algorand with the clear break and hold under the .559 key level stretching back 3 years. Already a bit low for my liking, but target levels are as shown.
Invalidated with a close above .56 again.
ALGO ROCK BOTTOM'S 0.10 SUPPORT IS AHEADIts a clear failed key level or support at 0.75. As I mentioned earlier a breakout will follow on the price towards 0.10 support formed. Holders might say its a shoot to the moon but technically its rock bottomed 90% already
ALGORAND at 31 cents is a BUYOur updated chart on Algorand shows short term pressure and a Buying opportunity soon.
A combination of 'Sell the news' regarding FIFA sponsorship :
and the fact that the crypto market has been attacked (call it raped..).
Regardless, our chart shows 31 cents support and that's a level we will most likely see and then definitely Buy.
One Love,
the FXPROFESSOR
ALGORAND ALGO/USDT i saw Bearish Flag on this coin im Short on ALGO and waiting for next Support zone 2 good luck!
ALGORAND - 0,519 is MAJOR ResistanceALGORAND but not just ALGORAND as the whole market has taken a SERIOUS beating; has had severe losses
This is our updated chart which shows 0,519 being a serious Resistance.
We would prefer to be short with a stop loss at 0,53 for now, or prefer to Buy over 0,519 (or lower at 0,31 and 0,20 doomsday prices).
Market is still in grave danger.
One Love,
the FXPROFESSOR
