Will Algo reach the ATH?Algorand, created a bullish flag. Looks like is forming a cup. A handle might still form. Will it reach the ATH?
ALGUSD trade ideas
Crypto ALGOUSD (Bullish Breakout is in the making)View on Crypto ALGOUSDT (17 Oct 2021)
There are buzz around network coins and ALGO shall be the one that follow Solana footstep.
$1.5 region is a strong support session and $2 will be a strong resistant.
Once $2 is broken up $2.4~$2.5 will be a strong resistant.
Let's see.
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ALGO Wedge transforming into an uptrend channelThe top of the wedge was indicating a 1.94 resistance level which we have broken through today with good volume. The MACD looks poised to make a go at holding that 1.94 as support now. I would look for support at the 1.92 level and then the 1.78 level below. There will be resistance at the 2.07 level and the 2.12 levels above.
MY NOT SO MINIMALIST ANALYSIS OF ALGORAND$ALGO
10.25.21
1931H +8 SINGAPORE
ALERT: About time for $ALGO to PUSH UPWARDS.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
"FOLLOW THE WHITE RABBIT!"
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur, while the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS
and even if you wish to hold longer for a CONSERVATIVE MAXIMUM TARGET AREA OF VALUE (Depending on, if the conditions are right.)
At times I include WAY BEYOND PARABOLIC Price TARGETS.
Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, and especially your Fibs, Market Dynamics, and trading psychology.
The above-mentioned is sufficient enough as a major deciding factor for this MINIMALIST CHART.
Note: That This CHART is best used without indicators. (As we all know, they lag.)
ALGORAND about to BLAST OFF!!!!!Algorand has built a BULLISH base and holding the base breakout and consolidating BUT looks like it is ready to blast off.Bollinger band contraction supports a big move in the cards and the upside trend favoured currently rather than it dropping. Interesting chart setup!!!
ALGOUSD ANALYSISIn this chart we are currently being pushed up and down at the same time, slowly approaching a decision point for the pair. I think a bullish breakout has better chances of happening although both breakouts are possible.
We have a similar target for both, targeting the start of this triangle trend, there are alot of possible entries in this one so pick the one that best suits your trading style.
Algorand ($ALGO) New FIBAlgorand ($ALGO) New FIB: If $ALGO can close and confirm in the FIB above, $ALGO will start its BULL-run @ $1.97 Currently $ALGO trading sideways, BB squeezing tight, RSI in the Goldilocks zone and MACD BULL-ish cross over. $ALGO looks primed to 🚀🚀🚀
Confirmed #Algorand goes longAfter weeks of consolidation and a confirmation of
a breakout on the top trend line in a symmetrical
triangle... Along with upwards momentum shown
below on the MACD I believe the next week will be
very bullish for $ALGO. Even a retest of 2.50$ ATH
price level is within reason.
Additionally "Governance" on Algorand's blockchain
currently has 1.88 billion $ALGO essentially being
locked away from the circulating supply for high
rewards until the New Year.
If $BTC stays the course or even falls a bit in price
$AGLO will be making some drastic moves. First
profit level I anticipate is 2.10 then a sharp move
upwards to 2.40 followed by a retest of the 2.5ATH
Getting in under 2$ mark will make for some nice
profits in the short term and in the long term the
staking and governance rewards will have many
traders coming back as return customers on this
blue chip alt.
-Cheers!
ALGO impulsive move ahead ? ALGO had a strong breakout in early September and has been since in consolidation above the 1.5$ area.
Prices are in compression days after days and could well go for another impulsive move up.
I would wait for the MACD to go green and the upper BB to open before catching up a move as a fake signal could be given.
This on is to be follow, we could anticipate and give a small percentage on a buy in case it pop.
ALGO local price targetALGO local price target ALGO local price target ALGO local price target ALGO local price target
bullflag price target
ALGO - Potential Bullish Continuation!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ALGO is trying to break the orange support/resistance again.
on H4: ALGO is forming a symmetrical triangle in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above the gray zone.
Meanwhile, until the buy is activated, ALGO would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ALGORAND 4hrBroke the resistance, ready to PUMP.
Algo have been in this triangle pattern for more than a month.
Since btc reached its all time high, it shows how bullish market is.
So we expect algo to pump.
ALGO TradeALGO Trade had a hammer bouncing at a strong support forming a morning star reversal, bouncing off the 50 ema, with momo triggered at the begging of a new moon, Bitcoin seemed to had sold off into Etherium which was selling off into the alt coins. The hammer had already closed so I did a market buy because all ready 100% knew I wanted to be in the trade. Didnt hit the target but almost! Was interesting to see the flow of the Bitty into Etherium, into the alt coins happen within a span of 6 or so hours.
Symmetrical Triangle on ALGO/USD DailyOn the daily chart is a symmetrical triangle forming which should lead to a nice up move if price breaks through.
Algorand DCA AdvancementsAlgorand is poised for gains. The yellow rays are my DCA points thus far. I am using this simple chart to track its trajectory.
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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.
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It's almost $ALGO time$ALGO has been consolidating for weeks now, since the mid-september move after hitting 2.50.
The 1.55 area has shown strong support after being tested multiple times in late September. Each time on less and less volume, indicating that selling pressure is waning.
Price is currently bouncing off its 50EMA and the bollinger bands are tightening. I still think we could see one more retest of that 1.55 area but if price breaks its downtrend line then my gut might be wrong.
RSI is peaking above its short term downtrend line and the MACD is a few days away from a crossover.
Keep your eye on this one.
Algo Update - ABCDE Algo is looking pretty good. I think we have one more drop to the 1.60-1.65 area before we head up towards 2.20. This is just a potential play that I am currently keeping my eye on.
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Algo As long as algo remains above 1.53$-1.60 we could see a big move. Consolidation above precious resistance. This could be setting up big time
Potential Nice Trade Set UpIf algo breaks out of the triangle to the downside we could see a strong bounce off support. 1.65 is a pretty good entry and target would be 2.15. All dependent on Btc.
You've got to give me a like when this plays outPop that top resistance we off to the races with new ATH. We all know it stop playing yourself bears. oh and uh... LETS GO BRANDON
