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ALGALGALG
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ALG

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ALGUSD trade ideas

$ALGO - Weekly Analysis 2.18.23Good day, everyone. I hope you are doing well. It appears that $ALGO is still respecting the trendline and looking relatively strong. The relative strength index for the week thus far is 46.09 as pf today. Support is at $0.25 and the line of resistance is at $0.28. Last week, $ALGO did break resistance of $0.28, but it came back down. Let's hope for a great week for Alogrand as well as for your financial trades. This is not financial advice and please do your research. :)
COINBASE:ALGOUSDLong
by jlayfield85
Algo with perfect retest of green channel tl as supportPerfect support retest of the bottom trendline of the green horizontals channel. In reaching there price also broke above the purple falling wedge…we can also see now that price is testing the turquoise neckline of an inverse head and shoulders as well. I have put the inverse head and shoulder target and the falling wedge targets on the chart for now. Will add the channel breakout target if/when we get closer to its top trendline. *not financial advice*
COINBASE:ALGOUSDLong
by DrDovetail
3
$ALGO with trend line and Fib Retracement AnalysisGood day, everyone. I hope everyone is having a relaxing day. $ALGO seems to be doing very well since December 28 on the daily. According to the Fibonacci Retreacemnent, Algorand bottomed out at $0.16 after a big red candle on November 20, 2022 when it reached $0.2991. I expect Algorand to continue it's upward trend. I am hopeful that the $0.269 resistance will be broken and be considered support. After that, the next target will be at $0.2986 which is the next level of resistance. If $0.2986 resistance is broken, expect $0.38 to be the new target of resistance as $0.29 will be support. Add as of 3:15PM EST -- Relative Strength Index is just above 69 (nice). It is very close into being the overbought region of 70. Please do your own research. I am not offering financial advice! Trade responsibly folks!
COINBASE:ALGOUSDLong
by jlayfield85
Watch these two targets better late than too earlyTwo white circles on this chart is what i will be watching next two months and next year after the Bitcoin halving. I would rather wait to buy algo honestly. If it breaks into the purple i will see it as support and start buying. If i am correct and the channel completes to the bottom i will have no regret in waiting. FOMO is a weakness and we have to be smart for the long term money flow into the markets. Well this is just my idea and it is not confirmed yet. There is no wrong trade decision here after the 95% drop so buying isn't out of the question but i would rather wait to see what happens. If there is still a 50% chance to buy more with less invested then it is worth the wait in my opinion. Day trades move in and out so it really has no effect on them. Good luck to us in the new market coming. I will not be posting anything else for months so happy trading.
COINBASE:ALGOUSD
by UnknownUnicorn20315852
3
ALGO - Fib Time & Space Predictions using the Power of PyramidsALGO - Fib Time & Space Predictions using the Power of Pyramids the length of each segment of the blue rektangles is equal to the time price spent inside of the price range of the pyramid (diamond) so using pyramids give us knowledge about time AND space that lower triangle caught my eye a while back and i had to leave it on there interestingly it lines up well with the fib spiral the angle of the center line of the pyramid tells us about the ratio of the blue rektangles the golden ratio and eureka! the yellow lines are the fib time tool the coordinates being the time price spent in the range of the pyramid exactly matching my blue rektangles Let's watch how this goes
COINBASE:ALGOUSD
by antempire4
2