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ALGUSD trade ideas

ALGO - Potential Bullish Continuation!Hello everyone, if you like the idea, do not forget to support with a like and follow. ALGO is trying to break the orange support/resistance again. on H4: ALGO is forming a symmetrical triangle in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above the gray zone. Meanwhile, until the buy is activated, ALGO would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
27
ALGO TradeALGO Trade had a hammer bouncing at a strong support forming a morning star reversal, bouncing off the 50 ema, with momo triggered at the begging of a new moon, Bitcoin seemed to had sold off into Etherium which was selling off into the alt coins. The hammer had already closed so I did a market buy because all ready 100% knew I wanted to be in the trade. Didnt hit the target but almost! Was interesting to see the flow of the Bitty into Etherium, into the alt coins happen within a span of 6 or so hours.
COINBASE:ALGOUSD
by DNA5Prime
Algorand DCA AdvancementsAlgorand is poised for gains. The yellow rays are my DCA points thus far. I am using this simple chart to track its trajectory. *Professional Wyckoffian VSA crypto swing trader. I regularly seek out the most lucrative swings on all major crypto 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).
COINBASE:ALGOUSDLong
by jalapablo
It's almost $ALGO time$ALGO has been consolidating for weeks now, since the mid-september move after hitting 2.50. The 1.55 area has shown strong support after being tested multiple times in late September. Each time on less and less volume, indicating that selling pressure is waning. Price is currently bouncing off its 50EMA and the bollinger bands are tightening. I still think we could see one more retest of that 1.55 area but if price breaks its downtrend line then my gut might be wrong. RSI is peaking above its short term downtrend line and the MACD is a few days away from a crossover. Keep your eye on this one.
COINBASE:ALGOUSDLong
by Drewsified
2
$ALGO buy set-upsBetween the two scenarios, A & B, I think scenario A is more likely so I'm looking for a breakout above this downtrend line. Scenario A looks likely because of an MACD cross, strong bounce off the lower bound of the channel, showing strength. Looks like it is about to test RSI at 50. With ETH fees going through the roof and ALGO being put to the test with more and more transactions per second while maintaining fees below $.01 I think ALGO will flip ETH eventually unless ETH fixes the gas fee problem or ALGO can't maintain its low fees while scaling. If scenario B happens, I will be looking to buy more once it bounces off the lower bound of the channel. Long ALGO. Strong support at 1.5538 4% for staking your Algorand on Coinbase. Nice to own an appreciating asset that also has interest.
COINBASE:ALGOUSDLong
by EBITDAtiger
4
ALGORANDO for a BILBOFor all you stakers out there, Rib Eye or Sirloin? Option A or B? - algorand.foundation Leading up to the voting period for Governance, we could see a breakout from the 200 EMA. The trendline is strong and everytime it retests we see a bounce upwards, paired with the fact we are consolidating. Many buy the dip opportunities or to DCA at $1.50-$1.7 Also looks like we'll get rewards in the sub 2B mark. Good luck fellow ALGONAUTS and bagginses. (Disclaimer - not financial advice, just rational research into one of the most underrated projects)
COINBASE:ALGOUSDLong
by jackohgorman