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ALGO Perpetual Futures Contract

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ALGOUSD.P trade ideas

Picture Perfect Bullish $ALGO Monthly ChartWe all know Algorand has best-in-class fundamentals. The DeFi ecosystem is flourishing, with accelerating TVL growth. There are several Algorand launchpads coming online soon, which will help to further streamline and accelerate project launches and TVL growth. Algorand Governance participation is super strong with around 4 B $ALGO committed, which is around 59% of $ALGO circulating supply. The Algorand Foundation, led by Staci Warden, is stepping up its marketing game - kicking off its new aggressive marketing strategy with a bold Earth Day event in Times Square NYC. The stage is set, and the charts are confirming the fundamentals. $ALGO is currently bouncing off the bottom of a multi-year bullish rising channel with technical indicators in highly oversold regions. I expect this next leg up to break out of the upper channel for a parabolic price discovery move to normalize as the premier top-tier L1 blockchain. Algorand Summer may turn into an Algorand Heat Wave!
COINBASE:ALGOUSDLong
by OysterPack
Algo:// even renting billboard in times Square my buy targetStay.75 - .50 is sti still my "scoop the dip" Zone look for a short-term Raly with a Savage rejection or series of rejections. There is enough liquidity on this alt where you should find decent exchanges to set some limit orders for the quick scoop n bounce Remember, at the end of the day the only metric that truly matters is developing n knowing your own trading Style. That and buy rumors sell the news. Hahaha when in doubt zoom out ya all... _HGM
KRAKEN:ALGOUSDLong
by HustleGrindMomentum
ALGO - Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. WEEKLY: Left Chart ALGO is overall bearish however, it is approaching a strong support zone in green so we will be looking for buy setups on lower timeframes. DAILY: Right Chart ALGO is forming a double bottom pattern but it is not ready to go yet. Trigger => For the bulls to take over, we need a momentum candle close above the gray neckline. Meanwhile, until the buy is activated, ALGO can still trade lower. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSD
by TheSignalyst
15
ALGO - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow. As per my last video analysis, we were waiting for the bulls to take over from a medium-term perspective by breaking above the inverse head and shoulders neckline. ALGO broke above the neckline and traded higher. Now for the bulls to take over from a long-term perspective, we need a daily candle close above the last high in gray and above 1.0 round number. Meanwhile, until the bulls take over from Daily, the bears can still kick in to form another low. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
16