ALGOUSD trade ideas
Waiting for Daily close above 38.2%.Algo has been pumping good today. I would really like to see a solid daily candle close above the .382.
ALGO double bottom .65 FIB bounce ALGO double bottom .65 FIB bounce retracement . Cup and Handle breakout on daily, any moment!
2.55 Price target for ALGORAND 2.55 Price target for ALGORAND Cup & Handle Breakout 2.55 Price target for ALGORAND Cup & Handle Breakout
Algo explosion by end of OctoberThe last time the weekly RSI was at these levels there was a massive move upward (486%) in the following 4-5 weeks. If we see the same result as last time, algo could move as high as $5.90 (unrealistic in my opinion) or at least $2.50s. With goverance happening in October, I don't see a scenario where algo doesn't move up, and quick.
Algo bullish setup potential Looks like we have came back and looking to retest previous sideways trading range around this .95 cent range. We back test and hold, this will be extremely bullish. We fall and close below back in channel, further consildation will be needed. Bouncing here could
Be spring board for 1.43$ target
ALGO WILL RUN THE QUESTION IS WHEN?Algo should play out one of two ways short term.
Not financial advice.
Possible Algorand Short term BuyAlgorand reached a support it has been having for a few days. MACD shows bullish regular divergence in 30 min chart. RSI is oversold.
ALGO POISED FOR BULLISH MOVE?#ALGO looking naughty on the weekly timeframe, and currently approaching that key golden ratio on the fib retracement from the ATH set earlier this year!
Algorand(testing key bullish levels)Could see a bounce off the 38.20% level, if it breaks down through that level look for a bounce at 23.6% level. If Algo can break through the parallel channel and the 50% level look for a 100% retracement then to 161.8% and beyond.
ALGO - personal buy near 2020 HighAlgorand (ALGO) is in a technical downtrend, which appears to be weakening (see MACD and thinning negative Ichimoku cloud). For a conservative trade, waiting for the MAs to cross would support a trend reversal. Personal trade made at @0.85111. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
Local Bottoms and Local TopsWithout fail, Algorand has stuck to this pattern for over 7 months now. Roughly every 30 days is a local bottom. The most recent doesn't seem like a bottom because on the chart it is in the same range algo had been bound to for quite awhile.
My target for the next local top, meaning within the next 18-25 days, is in yellow.
ALGO lagging BTC by appx 35%With a 90 day beta of 1.3 and R² = 0.7 the post recovery performance should be much closer to BTC. IMHO it's lagging by appx 35%
#algo #btc
I was right about ALGO!Told you it was lagging BTC by 30-35%! A few days ago:
"With a 90 day beta of 1.3 and R² = 0.7 the post recovery performance should be much closer to BTC . IMHO it's lagging by appx 35%"
#btc #algo
ALGO: Clear for TakeOffAlgo moving on high volatility with upward trajectory on all time scales examined. Easily tradeable today on 1-5% margins as it heads towards $1.45 (95% confidence intervals).
Best regards and happy trading,
Dr. Nick2Keul
#Algo to the Moon!Hello, my dear padawans,
This is my first review, chart analysis on ALGOUSD.
I always love to draw chart patterns, to discover something we can explore to my padawans.
Do not take this as a piece of financial advice.
Let's see what's gonna happen next.
may the force be with you.
Cheers.
ALGO long Many alts i have killed lately have had this exact set up on the Daily level. Rune, sushi, Waves, Luna, Sxp, Alpha, etc.. confirmation of this would be a close above sloping resistance. easy 40-50% move to follow . 9% risk for a 46% reward..
ALGO - My Trading Plan in 3 mins!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for ALGO, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Bullish wedge on the weeklyRSI neutral and MACD sell pressure weakening. Good entry point here with btc and eth sideways and alts rising
