Algo is supremely BULLISHALGO is ready to start, do not miss this extremely bullish move. Get ready for 300% returns.
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!
I like Algo right nowI'm bullish on Algo, I like the coin's fundamentals and its at a discount right now.
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
ALGO 15%+ gain entry incomingToday I'm doing something a little differently. I've decided to let the charts speak in detail instead of a lot of words. If I have something special to say about the specific instrument. I will mention it here. For general Crypto updates, please take a look at my BTC update.
One thing to keep in mind is that we are in a short-term downward wave today and we haven't reached the end of it.
Double Bottom with Bullish Divergence at PCZ of Bullish SharkThis is an Update to a previous ALGO setup of the same sort except the pattern has now further developed with the addition of a Double Bottom of the PCZ. The Bullish Targets and Stops remain the same as the previous setup
ALGO daily is looking to make the move up anytime.ALGO daily chart
This chart is still intact and once it gets the
push above the descending trendline, This
chart could really show whos boss...The ALGO
blockchain has been rated top 3 best blockchains
in this industry as well. Lets see what it can do here
in the next 1-7 weeks. RSI and chart is reading
a Bullish Divergence.
We need this test and confirmationWe need this test and confirmation to go up, but be carefull
Disclaimer: this is not a financial advise
ALGOUSD ReversalALGO traded down to its reversal zone. As price action approached the reversal zone, it began correcting to the upside, showing that it is ready for price to continue its uptrend. I expect ALGO to have a bright future as well to trade at higher prices!
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
ALGO LTF Support & Resistance$ALGO dropped into a LTF zone with good trading opportunities over the past 24 hours.
Now, the market is preparing to receive March CPI inflation numbers at 8:30a EST.
Look for short opportunity on breakdown, or a market really after the recent retracement.
CPI impact likely
<8 - bullish response
>8 - bearish response
$ALGO Inverted Cup & HandleBearish pattern forming on $ALGO
Invalidation w/ candle closing above $0.905
Target 1 Zone
$0.85 to $0.86
Target 2 Zone
$0.71 to $0.74
ALGO could make the move up after this trendline break.ALGO daily chart
This chart is still intact and once it gets the
push above the descending trendline, This
chart could really show whos boss...The ALGO
blockchain has been rated top 3 best blockchains
in this industry as well. Lets see what it can do here
in the next 1-8 weeks. RSI is literally Oversold
and on Deck to move up now.
Algorand Short Scenario $ALGO's last two local highs both saw spinning top candles on the daily chart. Each realizing approx 20% retracement that followed the daily candle close over about 1.5 weeks.
Today, ALGO is forming another spinning top. If the trend continues, this gives a short-term price target of $0.67 by end of March.
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
algo to $1I think Algo will go to one dollar because of fundamentals and it broke out of a down trend and the market conditions are good thanks
Don't forget about Algorand! 🪐🪐Greetings,
Today we're looking at ALGO/USD - Algorand is a decentralized blockchain-based network that supports a wide range of applications. Algorand purpose is to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blocks. It's design focus is 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.
If you have a look at the chart, our Long Term Bottom line is drawn in (orange) around 70c region. If we look at this price on the daily or weekly time frame we can see that 70c was once resistance, which has now become support. I look at this price as being a value buy, for Algo to fall below 70c again there would have to be a large crash across the market, which is always possible!
Current Price:
$0.84
Buy Zone:
#1 - $0.70 - $0.76
#2 - $0.76 - $0.84
Targets:
#1 - $1.38
#2 - $1.61
#3 - $1.82
#4 - $2.1
#5 - $2.53
On the smaller time frames 1-2 Hrs - we may also have an inverse head and shoulders playing out, which is a bullish pattern!
As you can see i've set targets quite high on this one - We won't be trading Algo with any leverage as the market can be volatile in both directions. Cryptocurrency market can be extremely violent, so keep in mind that we're always using our tools and indicators to decide the structure of the market to try and predict the future.
Remember, nothing is guaranteed, control the controllables.
Mogues
$ALGO Confirmed Long Term SupportTechnicals look healthy
- long term support at $0.67 has been confirmed
- RSI crossover followed by 7 week EMA turning up will confirm resumption of long-term uptrend
Fundamentals are far stronger since the start of the correction
- Algorand Governance TVL to be unlocked by AlgoFi and AlgoGard for DeFi
- Flurry of DeFi projects launching launching
- Algorand liquidity incentive reward programs
- AVM-EVM compatibility initiative spear headed by Staci Warden
- bridges coming online to connect to liquidity on other chains - AlgoMint, GlitterFinance, C3Protocol, Applied Blockchain's London Bridge with Ethereum
- Staci Warden as new Algorand Foundation CEO brings her expertise and network with new focus on Algorand branding
- hiring one of the world's leading PR firms to market Algorand
- Algorand Ledger issues are being resolved
- AVM upgrades throughout the year - state proofs, cross contract calls, TPS boosts
- ... and much more, but too much to list all here ... but you get the idea
inverse head and shoulder in this crypto like algonow we watching this coin broke the neckline of that inverse head and shoulder
ALGO, being pump I will look to hold some at 0.79ALGO, being pump I will look to hold some at 0.79
This is not a financial advise or recommendation.
ALGO/USDT - Potential 123% SetupHello Traders!
After finishing the downward movement, the price of ALGO returned to the zone of interest of buyers $0.695 - $0.890.
It is possible to consider medium-term purchases in the range of $0.695 - $0.800. Price movement under $0.58 will be a trigger for closing the position.
For a short-term trade it is better to wait for a breakdown of the downtrend, the price exit beyond the price level of $1.07 and MA100 on a daily timeframe.
Targets will be price levels of $1.46 and $1.79
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
