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ALGOUSD trade ideas

Algorand Retests To Eye $0.15 Against Numerous Traps!Post-Retest Phase: ALGO is in a post-retest phase of a broken falling channel. 50-day EMA Support: ALGO price is sustaining above the 50-day EMA. Target of $0.15: A jump to $0.15 is possible if the uptrend regains momentum. 96% Discount: Trading at a 96% discount from its all-time high of $3.28. Bearish Control: Bears have been controlling the trend, breaking multiple support levels. All-Time Low: Recently tested $0.081 as its all-time low. Inverted Head and Shoulders: A bullish breakout pattern has been formed. Retest Phase: Currently retesting the broken resistance trendline. RSI Indicator: RSI is moving sideways above the halfway line, indicating potential bullish momentum. EMA Alignment: 50-day EMA is acting as support, but EMAs maintain a bearish alignment. Market-Wide Recovery: Rising anticipations for a market-wide recovery could positively affect ALGO. Bearish Scenario: Failure to regain momentum could lead to a new low of $0.081.
BINANCE:ALGOUSD
by Coinpedia-Market-Insight
1
Algorand support is strong with bullish money flow since JuneHey my friends, I beat the cancer again so i have more time to live thanks to modern medicine. Retail traders have been buying strong since June and the money flow is still go up after the sideways breakout top to bottom. Market volume is still low throughout the market but that is ok. We have support so lets keep building on that until the time comes. High volume trading should kick in soon when people realize watching the market move needs participation. Money actually has to flow in for your investment to actually grow you know. The fear is gone from the markets you know. If you have not been trading this year your actually late to the game. Market has been booming since November 2022. If a crypto is down it is the manipulating traders fault. Once you plant those bearish candles people continue to follow the trend until a big move up happens. 50% to 100% is not going to attract buyers. High volume flows when the altcoin markets start moving 500% to 1000% on a regular basis. Day traders need to start holding and stop living off the market bleeding all the liquidity hurts the foundation of an asset. Are you ready for a bull market then lets go!!!! Squeeze that ALGO and show investors we are ready.
COINBASE:ALGOUSDLong
by UnknownUnicorn20315852
4
Turning Tides For Algorand Eyes 35% Jump! ALGO price action shows a bullish attempt to break above a falling channel pattern. An inverted head and shoulder pattern forms with a neckline at $0.1050. A bullish breakout could propel ALGO to $0.1175. ALGO has been in a long-term downtrend, falling 35% in a month. The recent reversal aims to exit the bearish trend and reclaim the 50-day EMA. A morning star pattern ignites an early bullish reversal. ALGO is currently trading at $0.1081, challenging the overhead trendline. The 50-day EMA and the $0.10 psychological mark are crucial for a breakout. RSI is on a bullish trajectory, approaching the overbought zone. MACD and signal lines avoid a bearish crossover, indicating bullish momentum. A failure to breakout could prolong the downtrend, with a new low of $0.081 possible. The ongoing price action is critical for future Algorand price predictions.
BINANCE:ALGOUSDLong
by Coinpedia-Market-Insight
I am crazy for posting this... Potential Nobody believed that so many altcoins would have growth like this in 2020-2021. They were wrong and markets went higher than anyone could realistically imagine. Hype and supportive communities have a strong influence on the markets. This chart shows potential and every 4 years we have massive swings in markets regardless of good or bad news. So why should now be any different. No matter what regulators or SEC does to try and control the crypto markets. We come back stronger every bull market. I needed to share to get this off my mind. No prediction just accurate observations from years of trading crypto currency. Sharing what i see vs my other posting that many believe is outrageously modest. Algorand has too much potential for the crytpo market to just lose investors. I believe this last dip from June 10th was it and now waiting on volume. Time will tell what is going to happen.
COINBASE:ALGOUSDLong
by UnknownUnicorn35774657
6
OMG breaking news Algorand to replace Bitcoin 3 warning signs. Energy usage and abundance of tokens for everyone in the world. Charts are lining up like bitcoin in 2012 before the massive bull market that gave bitcoin its popularity. Miners are losing revenue after the bitcoin halving and Algorand is everything crypto should be. Decentralized, very low energy network and more potential for expansion than any other project in the entire crypto market. Foundation and infrastructure is solid and ready to expand on a massive scale. If you are holding Algo tokens don't let them go. Trust me with the intel i just received this is a hot market for the next 10 years. Early investors hold the keys.
COINBASE:ALGOUSDLong
by UnknownUnicorn35774657
1
Will Algorand Reach $0.10 With This Breakout?ALGO's daily charts indicate a triangle breakout pattern. Algorand's current price struggles with the 50-day EMA barrier. Potential to reach $0.10 if the 50-day EMA is surpassed. ALGO has witnessed a 98% price reduction from its peak. A descending triangle pattern is formed with a firm resistance trendline. Uncertainty prevails due to sideways price movement. RSI shows diminished bullish momentum. MACD suggests a prospective bullish market. Breaching $0.10 hinges on maintaining the upward momentum.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
Will Algorand Escape The Triangle In This Rally? ALGO price action is showing a triangle pattern during its overall downtrend. Algorand's price has bounced back within the triangle, hinting at a potential breakout. A breakout rally could push the ALGO price to $0.10. ALGO is trading at a significant 98% drop from its all-time high of 3.77. ALGO price trend is forming a descending triangle pattern. Algorand's coin price has jumped 6.11%, increasing the chances of a breakout. ALGO coin is currently priced at $0.0935. A triple white soldier pattern in the daily chart suggests a V-shaped reversal. For ALGO to reach $0.10, it must break the resistance trendline. If rejected at the resistance trendline, ALGO could find a new bottom at $0.081.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
Will ALGO Price Rise Above $0.10?ALGO shows a strong demand at $0.091. It displays a solid resistance trendline. Potential bullish bounce can lead to a rally up to $0.1089. ALGO is trading close to its all-time low of $0.08846. ALGO coin witnessed a 97% discount from its all-time high of $3.28. Algorand was founded by MIT professor, Silvio Micali. $0.091 is the new support level with buyers preparing to challenge the resistance. Doji candles at the base suggest a potential reversal or loss of momentum. ALGO trades at $0.42, hinting at a potential bounce. Bullish divergences in technical indicators such as RSI and MACD. Breakout from resistance trendline necessary to reach or surpass $0.10. If faced with rejection, ALGO could go down to $0.081.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
Will ALGO Prices Reach $0.16? ALGO forms a double bottom pattern at $0.91. Bullish divergence spotted in RSI amid a double bottom. ALGO faces resistance at the 50-day EMA. Recent dip sees ALGO below the $0.10 mark, closing at $0.0934. Sideways market trend with ALGO showing potential for a bounce. Double bottom pattern emerges with strong support at $0.091. Current ALGO price: $0.0965, down 0.82% intraday but up 2.21% from last night. 1-day chart reveals a key resistance trendline. Breakout from double bottom could target $0.1082; ultimate aim: 200-day EMA at $0.16. Downside risk: If ALGO drops below $0.091, it could head to $0.084.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
2
Educated guess with manipulation potential for the short term.Algo is overdue for a massive funding round and could potentially have its own funding round with a strong show of support. After careful examination with markets the past two years and manipulation in trading patterns. I believe this could happen quickly with brief cooldown periods of trading testing support in the market before the next bull market. Funding rounds occur after large corrections like this and Algo has most definitely been quiet for the most part. It looks like its time to start buying now. This does not mean the entire market will be bullish new traders. This is just a buying opportunity for algo and potential rally for the project. I placed several potential correction points that i believe will be close to what will actually happen. I will not go into details but i do know crypto whales have been buying very low volume over the past two weeks. I am only bullish for Algo presently and have already made my buys this week. Can't wait to see the performance and breakout that should happen at any moment. Manipulation is a tricky thing so i added a potential manipulation pattern with a retracement pattern from the previous breakout......
COINBASE:ALGOUSDLong
by UnknownUnicorn35774657
11
ALGO Prices Back AT $0.10, Will it Break Below? ALGO price action indicates a bullish failure to sustain the breakout rally. ALGO prices have reversed from the 50-day EMA to retest the bullish dominance at $0.10. Algorand prices are down by 7.17% in the last 24 hours. Despite a triangle breakout, excessive selling pressure at the 50-day EMA and the bleeding altcoin market have reverted the rally. The breakout rally failed to close above the 50-day EMA, falling 9.18% in the last 48 hours, returning to the $0.10 mark. A sharp rise in trading volume supports the ALGO price downfall, with a third consecutive bearish candle challenging the bullish dominance at $0.10. The retracement might be a retest of the bullish breakout, but the long-term correction rally may break under the $0.10 zone. Technical indicators like daily RSI and MACD lines maintain a neutral to bearish standpoint, warning of a potential downfall. If buyers hold off the bearish downfall at the $0.10 zone, ALGO price may consolidate and reattempt the 50-day EMA breakout. A drop below $0.10 could lead to a crash, with the next support levels at $0.096 and $0.084, predicting a downfall of 7.15% to 18%.
BINANCE:ALGOUSD
by Coinpedia-Market-Insight
Triangle Breakout Marks Grand Bullish in Algorand Prices!ALGO price breaks out of descending triangle, signaling a bullish trend. Prices rise by 3.29% in the last 24 hours, aiming to challenge 50-day EMA. Bullish launchpad projected, potential target at $0.1414. ALGO down 96.62% from all-time high, but finds solid support at $0.10. Triangle breakout supported by morning star pattern and increased trading volume. Technical indicators maintain a bullish outlook, RSI and stochastic RSI showing uptrend. Bullish momentum may continue throughout the week, facing resistance at $0.1225 and $0.1414. Retest phase possible with early reversal.
BINANCE:ALGOUSDLong
by Coinpedia-Market-Insight