ALGO - buying more !!In the past it has never been a bad idea to buy at these oversold levels !! RSI around 33-34 level has many times been a good indicator. Moreover ALGO is right above support !Longby DangermousebananaPublished 336
AlgorandDownside targets for Algorand. Will be purchasing at 0.50 cents and below if opportunity is given. Don't predict the market react only. by Andres1495Published 222
ALGO SHORT SETUPNFI EDUCATIONAL IDEA. We can try short from OTE fib 0.705 levelShortby huqqamanPublished 0
ALGO Fib RetracementAlgorand is a blockchain-based cryptocurrency platform that aims to be secure, scalable, and decentralized. The Algorand platform supports smart contract functionality, and its consensus algorithm is based on proof-of-stake principles and a Byzantine Agreement protocol. Algorand's native cryptocurrency is called Algo. by b6d1016fdeb149be865b678a8ac935Updated 0
#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 #altcoinsShortby MillionaireEconomicsUpdated 449
Algorand (ALGO) - December 7Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ALGOUSD 1W Chart) - Mid-Long-Term Perspective Above 0.76754798 point: Expected to create a new wave. (1D chart) First resistance section: near point 2.30117362 Second resistance section: 2.84473154-3.02591751 First support section: near point 1.21405778 Second support section: 0.67049985-0.85168582 A move above the 1.97455023 point is needed to see if it can accelerate the uptrend. If they do, they should check to see if they find support at the 1.57642973-1.75761570 zone. The price should hold above the 1.35658321 point to continue the uptrend. Accordingly, a short-term Stop Loss is required if the price declines from the 1.57642973 point. ------------------------------------------ (ALGOBTC 1W chart) 6469 Satoshi point or higher: Expected to create a new wave. Above the 2886 Satoshi point: It is likely to turn into an uptrend and continue the uptrend. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) --------------------------------- by readCryptoPublished 5518
ALGO: Trend FollowALGO crypto is following a familiar trend. I am looking at this cryptocurrency very closely as it approaches the bottom of the channel as a buy zone. Good Luck. by DuhBluePrintPublished 5
ALGOUSD- UPDATEDespite the decline across the market ALGO is one of the few coins which didn't dump hard, this shows us buyers are holding strong, we can see a wick below the trendline and horizontal support which would of " stop hunted " traders which already entered long with there stops below the structure, now the liquidity has been removed i don't see why a breakout and continuation wont follow, will be watching on lower timeframes for valid entry confirmations.Longby ITSCRYPTO1Published 116
Target for ALGO/USDI can see a confluence of fibonacci extension levels 1.618 and 2.618. The price has bounced of the 1.618 level of the bigger extension and is aiming towards 2.618 following an uptrend (above 200 ema) Longby AmaliuuPublished 1
Algo is a favoriteAnthony scaramucci ~ "The Future is bright. The more you learn about @Algorand the more you will realize how big a part of the future it be. Carbon Negative Crypto. " For some reason this crypto resonates as a whole with me. Fundamentally and technically, from a logical viewpoint. While Mr BTC or ALTS may actually be entering a bear period for a while, this may not stop ALGO from rising. Remember when the market was down earlier this year and ALGO was rising? BTC dumping could actually prove another chance for ALGO to break from this irrational correlation. I mean it's not like BTC is the S&P and ALGO is one of it's featured companies. Money outflow from crypto will only be when IR rise. You can see every dip is bought perfectly on RSI bouncing off the trendline. If we retest 200EMA I will expect another huge buying opportunity, that being said any price sub 2$ resistance is a great entry point if you are thinking 2025 and beyond. Keep accumulating and staking my friends, even take a small leverage position on FTX if your feeling this ;P (Disclaimer not financial advice, just rational thought and a little bias)Longby jackohgormanPublished 2
Algousd Potential price moveMonthly Chart shows Ascending triangle. Current price is in a consolidation phase that will allow price to break out of lower side of rising wedge. after rising wedge is completed we have an ascending upward channel that is expanding on the top side that will allow break out of the ascending triangle. Expect a massive dip. and then enjoy the ride to new highs. Possible low if rising wedge lower side break out occurs potential low .70-.80 Shortby born2bwylde2005Published 228
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 investingLongby Crypto4EverybodyPublished 447
ALGO , pinching wedgesee the coiling at the end of the range, looks healthy and ready to move to upside. Market agnostic, play tight to the levels . by jake.luis.munozPublished 9
ALGONeed to watch how this reacts to the .38 levels. before I double down. by reclaimingmy10Published 441
Algorand headed downBased on the previous bull cycle trend of BTC and the last local top trends of ALGO, my prediction is that between Dec 10th and 22nd, ALGO will bottom somewhere between $1 and 1.10 - putting it about 60% down from it's ATH (excluding it's single day peak when it was listed on a new exchange)... I have set a buy order at 1.061 (as a form of insurance in case it doesn't go quite as low as I expect). As of today, there is a massive buy wall at $1.50, but I'm not sure how strong that will hold up if a mass sell-off scenario were to occur. This is mostly a personal chart, but I'd like to share publically to get feedback from others.by FOMORONPublished 661
algo/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.by AyoKuPublished 117
$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 easilyLongby EBITDAtigerUpdated 886
Bullish Bat Trying To Hold On To Levels of Support Algo is right above support and showing a bullish harmonic here and somewhat of a morning star candlestick reversal it's worth a shot trying to catch a move up to the next resistance zone from here.Longby RizeSenpaiPublished 3
ALGO - Altcoin ready to move?Just bought some ALGO at 2.18. Hopefully its going to spike here. Longby simplenothingUpdated 229
ALGOUSD Fibonacci CircleI have drawn up some Fib circle describing a bullish move to a spot that has been a previous trend rejection point (red ovals) Price comparison points can be drawn between the green ovals Major trendline in bold white line The Cup and Handle pattern is an addition that supports the bull idea by BixleyPublished 5519
ALGO Outlook Looks BullishHave been a big fan of Algorand here lately. Hard to find the channel, it's subject to change. However if it were to stay in this current channel then outlook for the next few years looks promising and a good buy and hold coin.Longby Pyrat82Published 665