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ALGO Perpetual Futures ContractALGO Perpetual Futures ContractALGO Perpetual Futures Contract

ALGO Perpetual Futures Contract

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ALGOUSD.P trade ideas

ALGO getting ready for takeoff?I’m long term HODL on AlGO, so will probably pick ip some more if/when it visits the green dash. If it hits the yellow price points, I’ll probably also pick up some more, but will be watching the price action to see if it makes more sense to wait for a bigger dip. For instance, if it starts headed to the red dashed level down the inside of one of the smaller ellipses, it might not be quite ready to blast off up the bigger green slope. Anyone else out there use ellipses for analysis? Still discovering the effectiveness and drawbacks myself, but still finding it fascinating. It’s been helping me figure our good TP and buy levels, but not perfectly, and it doesn’t help with knowing if/when a high volume event will cause an abrupt break out of an ellipse to the up/downside. Still looking to other indicators for that.
KRAKEN:ALGOUSDLong
by PFunk420
Algorand - Double your Money!!Hi guys, this is a Macro outlook on Algorand from the daily logarithmic chart. I titled it double your money because I believe we are either in a leg three wave or leg 5 wave on the macro perspective heading towards the $3 mark. If we are in the third leg, well we can be a bit more bullish on our macro target and say we are heading beyond the $3 mark. If it's also the 3rd leg of this trend, there is a chance to dip back down below the mean channel which would present a good buying opportunity, however don't be waiting for it to happen. I would be dollar cost averaging this idea, and also reinvesting my stake back into ALGO as we trend higher. I also believe if we are in the leg 3 of the elliot wave, we may see a cup and handle formation if we complete the 3rd leg at the all time high. The 4th leg would then be the handle. Please feel free to comment your opinion on my chart, always keen to learn more. Thank you :)
BINANCE:ALGOUSDLong
by dp4379
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