ALGO Running out of steam for now.Looks we're topping the MACD for Friday 29th, It will cool off over the weekend then Monday go again from the low 33 range.
Volume is also picking up over the last week.
ALGUSD trade ideas
ALGO weekly primed for a move!The weekly price action for EURONEXT:ALGO looks great. Close to breakout of $0.33 range. Will be buying more for staking purposes. Like to govern this stuff not just trade for crappy $USD! HODL or whatever you want to call it.
ALGO long term viewBullish long term view for Algo. Following suite of other Alt coins. A lot of upside potential for these coins in 2025. Both technically and fundamentally with Trump being president and supporting cyrpto in general. Big year for these coins coming up
Algorand Current Market StructureGood Day Fellow Traders
The ALGO chart is currently exhibiting a short-term ABCD pattern, indicating a potential reversal or continuation. Throughout the last week, ALGO has demonstrated impressive gains, suggesting a robust bullish momentum.
Support and Double Bottom Confirmation
ALGO has found significant support at the $0.25 level, which is confirmed by a double bottom pattern. This support level serves as a crucial foundation for the potential bullish continuation.
ABCD Pattern and Point D Projection
The ABCD pattern suggests that ALGO might be cooling off temporarily before resuming its upward trajectory. If the pattern plays out, we can expect ALGO to reach Point D, which could mark the beginning of another bullish leg.
Bullish Continuation and Potential ATH
Upon reaching Point D, ALGO may experience a bullish resurgence, potentially leading to new all-time highs (ATH). The double bottom confirmation and the ABCD pattern suggest that ALGO is poised for a continuation of its uptrend.
Conclusion
In conclusion, the Algorand chart is exhibiting a short-term ABCD pattern, indicating a potential bullish continuation. The double bottom confirmation at $0.25 provides a solid support level, and reaching Point D could mark the beginning of another upward leg. As ALGO cools off temporarily, it may be preparing for a more significant bullish move, potentially leading to new all-time highs.
ALGOUSD Macro BreakoutMacro Breakout, with long time frames taking over. I'm pretty bullish, and Algrand's tech is some of the best out there! If we get a week closing .33, that's confirmation on the upside.
#ALGORAND Vs #ETH - When is Cheap actually a good entry buy.Losing Dollar Value is one thing.
But losing 94% in 2 years vs #Ethereum is a second type of pain
That highlights the risk that abounds in #Crypto and the #altcoins
Can #Algo start making positive progress now?
ALGORANDIf ALGO closes weekly above 0.30 and manages to hold this levels , we can see a huge rally towards the next resistance area which is 0.80. Make sure to have proper alerts as this can happen fast.
Buy $ALGOBuying EURONEXT:ALGO has peaked through Macro resistance for the first time in a long time, and it is an awesome blockchain!
Risk vs Rewardtaking into account it could be a broadening wedge. this position look like a very good Risk vs Reward kind of play.
Next immediate target could be around the 0.42 region
Super Bullish - This chart is just near breakout outAlgorand - I just bought this crypto ... buy and hold for 1 year enjoy the brekaout !!
ALGO - Shakeout / Accumulation / Bull MarketALGO looks like a tight accumulation here and it may have a big pop to join that party with other ISO20022 coins XLM XRP XDC.
Liquidity SRP Shakeout Reversal Pattern at ATL All Time Low complete and now it would appear it is ready to move on up.
ALGO is a big deal ISO20022 coin and this is probably the exact bottom of a major bull market.
I mostly give these calls to my clients first but this one I give to TradingView in prime position.
More calls like this in the pipeline.
This should be an ideal entry; right here 👍.
Not advice.
Watching $ALGO chart the next few weeksI'll be watching Algorand over the next few weeks on the weekly chart. A weekly close above .30 would signal a .65 target.
Go Algorand!
Inverse head and shoulders and golden cross on algorandMuch like litecoin’s current setup, algorand is also in the midst of completing the right shoulder of its inverse head and shoulders pattern as a golden cross is set to occur in the next 2 -4 daily candles. Hopefully the golden cross on both algorand and litecoin provide the same bullish momentum we’ve seen it already provide xlm, solana, and the total chart, if so we should see the price action break above the enckline of this inverse head ad shoulders pattern not long after. I’ll link the litecoin chart down below for easy access to compare the similarities between these two charts. *not financial advice*
Hey Trading Fam! ALGO at a Pivotal Moment – What’s Next?Hey trading family, let’s break this one down. Algorand (ALGO) looks ready for a potential move up to $0.26. From there, we could see a correction, but how deep could it go? Here’s what we’re watching:
Scenario 1: A correction could take us back down to levels like $0.21 or even as low as $0.15 – stay sharp!
Scenario 2: If $0.26 doesn’t hold as resistance, we could break higher and run all the way up to $0.42.
This setup is worth watching closely. What’s your move here? Let’s trade smart and adapt to what the market gives us.
Like, comment, and share your thoughts below to keep the conversation going! Got questions or your own analysis? Send me a DM – let’s connect.
Mindbloome Trading // Kris
Trade What You See.
ALGO Bullrun 2024-25 TP ZonesAlgorand could easily get back to ATH by summer 2025 with the right macro influences. I would like to see ALGO hit 3 TP targets this bullrun. We aren't far from the first TP target, and ALGO is coming off of a textbook W double bottom formation. Let's see what happens.
Algorand nearing 2 targetsThe triangle breakout target(dotted pink line) and the inverse head and shoulder target (dotted grey line). The speculation that Trump would do away with capital gains taxes on US cryptos may be fueling the current momentum. *not financial advice*
ALGOUSD LONGMonthly Bullish break and close and pullback completed
Weekly Bullish break and close and pullback completed
Daily Bullish break and close and pullback completed
I now forecast Bullish upwards momentum, If this does not take place, Expect complete failure and price to stab through the Lows.
I for one am Certainly Bullish ALGO
ALGORAND (ALGO) Looks like it could drop another 15% - 16% here.The crypto markets as a whole have taken quite a beating in the past week but appear to be getting close to forming a bottom. ALGO is showing signs that a rejection off the FVG (Fair Value Gap) currently presenting above the current price on the daily chart could signal a further 15% to 16% drop in the coming weeks.
Good luck, and always use a stop-loss!
ALGOUSD1 Year
Stoch RSI-is overbought and might sustain up here for a bit.
5 Year
Stoch RSI-is looking bullish.
ALL
Stoch RSI-is curling upwards.
Prediction: This will start moving upwards.
ALGO is breaking out of the current wedge pattern.ALGO has just broken out of the wedge pattern that it has been in for a minute now, and is looking like it could be getting ready to run. It's likely to go the .15 range, retrace back down to the upper wedge trendline, then continue the move from there.
Good luck, and always use a stop-loss!
