[crypto] Algorand - ALGO - Just above DCA zoneAlgorand - ALGO - just above DCA Zone. May did back into DCA before push upward? Edutainment Purposes Only!
Algo
Algo Swing Trade Opp$Algo #Algorand broke above .382 fib level that has acted as LTF resistance. Retesting the level as support and if it can swing back and close a H4 above .5, then swing to 2.35 is likely with more upside potential.
Good R:R here IMO. Bitcoin needs to hold 56k for this to play out...
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Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Algo stuck in range!Algorand has been stuck in this range since mid-September. I've been buying at the red and selling at the green and it's been working perfectly. I do think we break out of this range soon, as for the direction, can't be sure, the best bet is to wait for a break then long/short on the retest.
ALGO 2022 projectionThe way I'm looking at it, ALGO will either under perform or do a 10x from current levels by the end of 2022.
ALGO/BTC pumpin!!Here is a quick analysis of the ALGO/BTC chart pumping.
Next targets are resistances marked in horizontal ray blue at 4575 sats & purple at 5540 sats per ALGO coin.
Big green arrow shows how the trend tested the 200 MA and bounced off of it making to break the downtrend channel that was created.
RSI indicator shows how once the downtrend was broken (blue small arrow), it backtested before mooning (orange small arrow).
MACD Showing how positive momentum is building up... :)
ALGOUSDT-SHORTThere is a short position in ALGOUSDT Algorand
ALGOUSDT Algorand
🔴Short Now or set on Key Level 1.9860
🟢Target 1 1.7510
🟢Target 2 1.6185
❌Stop loss 2.0600
#K_Level
ALGO (Long Term)This is how I look at the ALGO which makes me think it has a beautiful chart and could be a good long term investment.
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First Plan (Timeframe: 4H/Daily)
>Wait for a possible breakout @2.3 area
>Enter pullback $2.1 area
>TP #1 = $2.5 | TP #2 = $2.9 |TP #3 = 3.4
Second Plan : (Cup and Handle)
>I could see a pullback to price @$3.0-$2.5 and from there hold it for new ATH.
Green Rectangle : Support
Green Thin Arrow : Just a guide but it could still possibly go sideways.
Red Rectangle : Resistance
Purple Arcs : For the Second Plan
Purple Square : Possible Target
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This is just my own opinion that I would possibly follow.
Comment your idea and suggestion that could make this idea so much better and right, thank you!
revised targetsstill right on track from my previous ALGO idea , but revising the upcoming targets based on the latest data. specifically noting the new strong support at $1.52 and that crazy wick up to $2.99, making $3.00 an excellent target.
Algorand - Long PositionThe live Algorand price today is $1.96 USD with a 24-hour trading volume of $738,617,029 USD. We update our ALGO to USD price in real-time. Algorand is up 7.18% in the last 24 hours. The current CoinMarketCap ranking is #21, with a live market cap of $12,295,312,243 USD. It has a circulating supply of 6,286,654,254 ALGO coins and a max. supply of 10,000,000,000 ALGO coins.
Algorand (ALGO) in a stable 2 day price wedge and room to growAlgorand (ALGO) in a stable 2 day price wedge and room to grow.
Enough free space to orange or even red resistance on the RSI.
Attention:
The OBV support (green trendline channel) should not break.
😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
algo double topalgorand is a great project and have a planty of good news. now it made a double top (ignore that huge shadow) and can make its way to the top
ALGO USDT | Soon to be $2 | Positive FormationI am watching Algorand and studying its fundamentals since long. This blockchain is with strong basics and well planned future plans. If we see pattern in ALGO now, it seems very positive to me. We may see $2 range within 5-10 days.
Tip: We may LONG/BUY it and take profit after $1.95 level. Stop loss should be around this level. If you want to go for long term, Highly recommended.
ALGO/USDTThis is my trade idea, not an advise. I think it can go very high, but for now I prefer set the first target not too far. Waiting for breaking the resistance before entry.
ALGO with chances for +200% aganst BTCAlgorand is in a nice setup towards the downtrend-line - if it breaks chances are that we can see +180% from here within the next 90 days.
Even more realistic if Altseason is about to start.
The slim white lines represent support/resisitance-levels that we want to overcome.
Good luck.
Trade carefully.
Be happy with 10% every here and there.
Consider stop-losses
ALGOALGO has consolidated enough already. Getting ready for the next ATH.
S/R flip worked perfectly with hitting ATH on 1.618 fibo level and consolidating afterwards.
Needs to cool off momentum and will be ready for the next leg
algo/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
$ALGO ALGO appears to have a 3rd test of the 50 RSI (third time’s the charm) on the way as well as the MACD curling up, histogram is lightening. The triangle looks ready to pop and has reached its apex.
Unfortunately, the daily moving averages don’t seem to be giving any signs at least to me, so please point it out if you see something.
Despite this I’m overall bullish on Algorand & can see $5 easily
ALGOUSDT UPDATEHello friends ,
Welcome to our ALGOUSDT 1h chart updates .
As we are seeing in the chart. How the BULLISH WEDGE is forming.
Which is a sign of the UPTREND.
Thank you
And
God Bless You All!
BTC Thanksgiving Weekend ForecastMy projection for the direction of btc's price within our current range until the end of the month
KEEP EYE ON ALGOin my idea algo ready to move , so the first target is obvious on the chart , let see what happen next !
ALGO / USDT - Falling Wedge 1HHere is how I would trade ALGO / USDT 1H Chart in a falling wedge formation. Since the RSI is approaching overbought condition, I would wait for the price to move back into the falling wedge and bounce of the dotted lines.
If the price breaks the upper line of the falling wedge (again) - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 1.90$
TG2 - 1.98$
TG3 - 2.10$
TG4 - 2.21$
TG5 - 2.28$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
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About Algorand:
"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.
(...) Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol."
Source: Coinmarketcap.com
Correction is over: time to buy!Market wide correction is over! I expect a bit of sideways action of Bitcoin for the next few days and possible one more wick to the downside before blasting of to 70K+. I'm shopping altcoins and bagged up with:
LOW cap:
Benqi (QI): 2 to 10x potential (defi on AVAX)
Ultra (UOS): 2 to 10x potential (metaverse / gaming)
MID cap:
Quant (QNT): 2 to 8x potential (interoperability for institutional adoption of crypto / CBDC)
Loopring (LRC): 2 to 5x potential (layer 2 / trading)
HIGH cap:
Fantom (FTM): 2 to 3x potential (infrastructure)
Algorand (ALGO): 2 to 3x potential (infrastructure)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
