Get started

Algorand

update ALGO BTC pairdidn't go the way I wanted. My stop hit and didn't get a chance to re-enter due to the strong bull momentum. But it will undoubtedly come. I am now going to turn my attention to the BTC pair. The BTC pair looks very bullish on the weekly and daily. That's why I like to be in a long position. If I get the chance to get in 0.00003, then I will go long. otherwise I'll wait and see how the price develops at the first red box. A test of the blue line must happen before the bulls will push further. Better safe than sorry.
Long
by BullzeyeG
Charts Are Telling Us It Will Be Another Powerful Reversal MoveHi friends hope you are well and welcome to the new update on Algorand (ALGO). channel and stochastic: The priceline of Algo started the formation of a big channel on weekly time frame in Dec 2020 and since then the support of this channel is not broken down. It can be noticed that whenever the priceline is reaching the support of this channel and the stochastic goes in the oversold zone, Algo starts big rally and this time the same action seems to be repeated as the priceline of Algo has started a reversal move from the support and stochastic is oversold. Channel within a channel: If we take a look at the daily time frame, then there is another channel formed within a big channel. Therefore, in order to start a big reversal, Algo needs to 1st breakout the smaller channel. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
Algo going back to 1$ ?BINANCE:ALGOUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets ➡️Test fundamental price 1$ and global support trend line ➡️ Retest on D1 downtrend fib line ➡️ Retest 0.23 level FIB to make a continuation move UP ➡️ After retest target by end of Bull Run 5.52$ ➡️Pattern since 2019 cup and handle already played. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
by Crypto4light
ALGOUSD - Bullish idea on the daily timeframeHello traders and investors, Today we have looked at the ALGO / USD pair. Assuming that 2020 March low is the beginning of a primary cycle (purple) and that 2021 February high is the beginning of extension in primary wave 3 (hence intermediate blue wave 1), I can only be extremely bullish that we are in a 1-2-1-2-1-2 pattern that is unfolding towards new (incredible) high. Looking at possible targets, I see a confluence of Fibonacci for primary pink 3 (2.618) and possible ends of intermediate blue wave 5 (200%). This is a bullish idea that still needs to unfold in the next couple months. What's your target?
COINBASE:ALGOUSDLong
by Dry-Storm
4
Algorand (Algo) - Gearing Up for Something Big.Hi everyone, Algorand is a promising project with a great team. The chart also looks fantastic, being in a very pronounced uptrend since around April 2020. This uptrend has involved previous resistance being turned into support, something which I believe is happening now. Due to the promising nature of the project and it's having a very modest market cap of $8 billion (lol), I believe that Algorand will go much higher. How much higher is difficult to say, but assuming a total crypto market cap of between 6-12 trillion $ by the end of this bull market, and assuming that Algorand continues to gain market share relative to its peers in the top 20 (from projects like litecoin, cro, and xrp for example), a market cap above 40 billion seems exceedingly likely, and thus an Algo above $5. Watch this space. Take care everyone and happy holidays! Jason
COINBASE:ALGOUSDLong
by JasonMP91
buy zoneit's no secret that i'm bullish on ALGO long term, and i think we're likely to see strong growth starting in Q1 2022. here are a few reasons why: the new governance model is beginning, and users will be locking up supply for extended periods of time, effectively taking algo out of circulation. supply down, price up. el salvador committing to algorand for their crypto infrastructure. el salvador doesn't exactly have a great track record as a model government, but i do think their endorsement is a valid signal of adoption. it's fast and cheap and has some of the best minds behind it. and with MIT's ties to the Fed, i'm betting ALGO is on the U.S.'s short list. placing my next round of buy orders on this $1.30 support. price may dip further to retest either of the major bull trendlines, but i don't think the probability is high enough to risk waiting. this is (not coincidentally) right around the same level i was buying last time:
by reees
2
ALGO we tested 0.38 FibBINANCE:ALGOUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets ➡️We tested 0.38 Fib global chart since 2019. (1.39$) ➡️I mention how much % Algo made last 2 times when we touch bottom on 1D on RSI ➡️According by cup and handle pattern what I've mention in previews ideas ALGO should reach 3.44$ ➡️We got huge wick candle on 1D if we hold 0.38 fib we will go in to this imbalance zone 3-4$ ➡️Worse case scenario if btc going to 44-40K we can see retest support global line and test 0.23 level by fib around 1$ ➡️Targets still relevant for Algo 3.45$ - 5.52$ Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
by Crypto4light
ALGORAND- Updated Chart with Key Levels 🕺Updated chart for ALGORAND which had a nice recent Pump and Dump that hit our 3 previous targets. Remember: Buying and Holding will get you places but learning how to take profits and buying the dips will take you there faster... 3 Reasons to Buy Algorand : 1. Interoperability 2. Smart contracts 3. Algorand's growth potential is impressive For hypergrowth investors, finding investments that provide unique competitive advantages and moats is important. In the cryptocurrency world, there is certainly no shortage of such options. However, Algorand's unique network provides interoperability along with functionality that is truly enticing. Of course, like other digital tokens, Algo is not without risk. This token's value depends upon the market consensus of its value, and the value of the underlying Algorand network. Accordingly, volatility can be expected. However, those seeking a hypergrowth option in the cryptocurrency space today have reason to consider Algo. This is one of the top cryptocurrencies I've got on my watch list right now. One Love, the FXPROFESSOR
Long
by FX_Professor
3
#ALGO Algorand 1D - Bearish Divergence in sightI am looking at the 1D chart for Algorand. I show the top and bottom multi-year trendlines and it seems that we may have some downside to go possibly based on historical trends. I showed a possible fractal from the past that may play out again. Lastly and most important, on the daily chart there is bearish divergence. This may be a good indicator of what's to come in the future. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
COINBASE:ALGOUSDShort
by MillionaireEconomics
4
ALGOBTC possible Wyckoff accumulationDear Friends i have noticed possible Wyckoff accumulation forming with Algorand/Bitcoin market pair. Now in phase A at PS, AR, SC and ST the spread does not behave quite as described in Wyckoff method but the price still does appear to be bottoming out. buy now at ~0.00003500 stop loss at 0.00000708 profit target 1 at 0.00006000 risk & reward ratio 1:1 profit target 2 at 0.00012490 risk & reward ratio 1:3 only use maximum 1% of your total portfolio for this trade. when price hits first profit target, exit the trade or move stop loss to break-even at trade entry point.
Long
by p1ng