JUST AN OBSERVATION Long term bullish.
2020 full fib extension was hit, set from earlier this year.
big retrace.
then a full fib extension (4.236) was hit today.
Big retrace, next?
Next price target is 5.8$ maybe in the next 4-8 months?
ALGOUSD.P trade ideas
ALGO in a tight Channel Previous Target hit.IMO any deviation from this channel invalidates the run-up to $3. It's possible we could see pullback @ fib levels established off the last run-up to $1.80. However, I don't believe that will happen. Heres to watching little ALGO become a legend folks. Currently I don't have an exit point on this. I am a believer in ALGO and will HODL until I need the $$$$. Trade at your own risk see disclaimer below.
I'm just an autistic guy with a digital crayon. This is not financial advice. This is my speculation and only mine.
Algorand (ALGO) - September 10Hello?
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(ALGOUSD 1W Chart)
If the price holds above the 0.50221395-0.76754798 range, we expect the uptrend to continue.
(1D chart)
Support is found at 1.90329264 and is breaking above the 2.11836146-2.25112275 section.
In the 2.25112275-2.51664536 section, you need to maintain your momentum to see if you can continue with further climbs.
If they do, they should check to see if they find support at the 2.11836146-2.25112275 area.
If it falls in the 1.72007755-1.90329264 section, a short-term stop loss is required.
The next volatility period is around September 28th.
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(ALGOBTC 1W chart)
It is rising in the 1075 Satoshi-4309 Satoshi section, which is a sideways section.
If it rises above the 6469 Satoshi point and maintains the price, it is expected to create a new wave.
(1D chart)
It remains to be seen if the 4309 satoshi-5422 satoshi section can find support and rise above the 6469 satoshi point.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, 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 regenerate themselves.
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** 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 the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** 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.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(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.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
What correction? Algorand returns to ATH zoneThe daily chart almost completely obscures the market correction. Interesting. Not enough information at this point to make an opinion about where it goes from here, other than we are hitting an area of resistance with ATH above.
I have Algo stashed somewhere collecting %. Like remembering you have something in your closet but you don't quite remember where you put it. Ha.
ALGORAND: Sleeping giant on the moveI'll be honest, I did not expect Algo out of all of them to start pumping like there's no tomorrow the moment BTC crashed. I love this little coin! But it's been really quiet for a long time.
Here's a simple set up on an hourly chart. I love using fibonacci channel when I see a clear trend up or down like this. That way I can see the levels it's less likely to go past, aka resistance and support levels, duh.
Yes, it is now way above the EMA 200, so I expect it to go down naturally, even without the help of any force majeure event (you never know these days).
I personally hope to at least see the price of $2.60-2.63, before the trend starts to weaken. But first it needs to get comfortable with $2.5. Then who knows, I've heard traders call $3.
What do you guys think?
ALGOUSD on its way to the All Time HighPattern: Channel Up on 1D.
Signal: Buy on the next pull-back after the 1D Golden Cross gets formed. That has been the last buy signal in the two previous bullish legs to a Higher High.
Target: 3.7500 (the All Time High).
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$ALGO to $5 with the new price flood at $1.85If the trend of 6-700% gain followed by a 60% drop continues, we might see $ALGO hit or just pass $5 but then fall back to a new absolute floor sitting around $1.86 (the last top)
Price Discovery Mode ActivatedAround 2.6 or 3.8 are my price predictions for the end of this leg up. It will be followed by seriously choppy waters and a 60% decline.
Algorand - ALGO in upward channelAlgo - Price is moving up nicely in upward channel, it can reach as highs at 4.75$
ALGO - How High Can it Go?Unlike most cryptocurrencies, ALGO is up big over the last few days. If I were trading this, I would be looking to sell, and hope to by back at a lower price later. But, I'm getting a really nice staking reward, so I'm just going to hold on to this one. Over all, I'm up over 300% on this. Probably going to get slaughtered like a pig.
MIXED THOUGHTS, WAIT FOR CONFIRMATIONWell, the TA pattern so far indicates that a bull flag has printed in the shape of a DBW (Descending Broadening Wedge), so both a bull flag pattern and a DBW pattern both will produce an bullish outcome MOST of the time...however this time we have the recent drop of a potential correction where LH's and LL's are still being printed. If the overall market pattern changes bullish then my sentiment on the short term for ALGO will turn bullish as well. For now, I am neutral on this one and suggest proceeding with caution whether Bullish OR Bearish. To enter bullish, we need confirmation above the upper TL on this wedge AND bullish market sentiment. To enter short, we probably just need to let this pattern play out until it morphs into a TA pattern with a bearish expected outcome. DYODD. NFA.
ALGO disrespecting the current crypto bear market lolALGO has decided that the market is a bull market and in a big way. TP1 and TP2 identified since ALGO is on the way up. Has not retraced enough to look for an entry so take it with a short 'stop loss' exit to stable coin position.
ALGO ON FireLooks like ole Algo is finally doing what it's meant to do in the last year. We needed to break the 1.80 ceilings, and Algo done busted that thing wide open and held it. I believe we will see a small pullback and then a run-up to 3 bucks before the end of the week. My projection is a test of the previous 3.33 level. I expect Algo won't be seeing >1.10 again for a while. Right now I don't have an exit point for Algo, I'm going to let it ride all the way to the moon.
I'm just an idiot with a crayon. My opinion is just that an opinion this is not trading advice. COINBASE:ALGOUSD
#algo #Algorand
AlgorandOne more concurent of Polkadot, Solana and Luna.
What Is Algorand (ALGO)?
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.
The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020.
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Trading parts :
- Buy 0.98$ - 0.95$ ( Small Buy )
- Rebuy 0.85$ ( Medium Buy)
- Rebuy 0.70$ ( Full Buy )
Stop Loss : 0.65$
TP : 1.8$ ( Last ATH for now )
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Follow TheKing Moves and stay safe!
Happy Tr4Ding !
Is ALGo heading for the End-Zone!??!If ALGo is allowed to play out this projection I can see her making it over the $2 mark. However, today was a very low volume day and that could spell disaster as the day turns into night and the hypothetical Act 2 of the sell-off begins. DYODD. NFA.
Algorand ($ALGO) Upward Price ActionIt is hard to ignore the Algorand ($ALGO) BULLS. Phenomenal upward price action despite BEAR-ish energy in the overall market
Algorand Bullish Reversal ConfirmationToday's impulsive puts price on track to see $5 before end of this year
ALGOUSD is it right time to exit ?Hi, if you are following me you must have seen yesterday i shared algousd analysis in which i market the area where you can take entry
you can see after restest we took entries in algo and now we closed all our positions now we will wait for best point to enter again
Don't force trades just wait
33%+ Profits is better than nothing you can see only algo recovered that well because second leg was on the cards as e predicted
Enjoy profits and give yourself a treat and remember me as well hahhaah just kidding
Like and comment below if you took a trade and share you experiences with me because when someone earn from my analysis it makes me happy
ALGOUSD second leg up I am looking at the marked area to get into the trade and achieve the marked targets
MY MINIMALIST CHART ANALYSIS 9.6.21
Indicated are key levels of support and resistance using small and large range boxes.
Watch out for patterns, EMA, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer: The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
ALGO Up 4.13% from PreliminaryALGO has netted me a 4.13% return in 2 days. This is based on a 1.2351 preliminary entry I took on 9/3.
Prognosis: This crypto is moving up the fibs. I expect it to retest the 1.272% Fibonacci before advancing to the next level.
*Professional Wyckoffian VSA crypto swing trader (since 2017). I regularly seek out the most lucrative swings on all the major exchanges.
All my charts are clean, straightforward, and easy to follow. No junk, no needless indicators, just solid volume spread analysis ( VSA ) and 'take-the-money-and-run' Fibonacci target zones.
I go after the runners and big money. My win rates are between 80-85%. Follow me on TradingView and see for yourself.
I review over 300 coins & tokens daily and handpick all the runners myself (no bot signals).
** Not financial advice. Trade at your own risk.
Algo making another attempt to break the triple bottom necklineNot yet fully confident we will close the current candle above the neckline when looking just to the left we can see we’ve already had a few wicks pierce it but no body closes above the grey neckline just yet. Would not surprise me if the current candle will be the one we finally get a candle body close above the neckline on but will leave this neutral now until I have more confirmation to go by. If it follows Ethereum,’s lead here it likely will close some candle bodies above the neckline sooner rather than later. If it does confirm a breakout it looks like we have a target of around 1.60-1.70 *not financial advice*
