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ALGO Perpetual Futures ContractAA

ALGO Perpetual Futures Contract

0.2287USDR
+0.0011+0.48%
As of today at 12:28 GMT
USD
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ALGOUSD.P trade ideas

ALGO | AlgorandRed = Daily Orange = 4hr Yellow = 1hr Light blue = 15min Blue = 5min Purple = 1min Untested levels are marked with horizontal ray. Tested levels marked with dotted horizontal ray. Lower rays indicate area's of support and idea's to DCA into a position. Upper levels indicate area's of resistance and idea's to exit positions. If Algo is to continue its ladder upwards it must hold the thicker 1hr level that intersects with the bottom daily trend. If it fails, I would expect it to fall off the face of the earth. There are a couple untested 1hr levels near the base point of the daily trend. FJB lets go Algo
K
by lyingdogfacedponysoldier
2
ALGOUSD D2: 250%+ gains THE BEST Level to BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! ALGOUSD D2: 250%+ gains THE BEST Level to BUY/HOLD(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: ALGOUSD D2 chart review ::: updated/revised outlook ::: overall strong chart looks good ::: BULLISH compression pattern ::: focus on buying lower later ::: final swipe lower possible/likely ::: but then expect MASSIVE GAINS ::: chart looks good /strong ::: still valid today / great setup BULLS ::: BULL FLAG setup with massive upside ::: still expecting pullback off the highs ::: get ready to BUY LOW later ::: accumulation in range previously ::: then we had 350% gains PUMP ::: we had 2 pumps already before this ::: 350% pump - pullback ::: then 350% pump and now pullback mode ::: expecting short-term pullback ::: BULLS get ready to BUY after pullback ::: TP bulls is +250% gains later ::: expecting decent gains soon ::: 20-30% pullback short-term ::: recommended strategy: BUY/HOLD after pullback ::: TP BULLS +250% gains ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: BEARS/PULLBACK RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BLong
by ProjectSyndicate
3
ALGOUSD - Bullish idea on the daily timeframeHello traders and investors, Today we have looked at the ALGO / USD pair. Assuming that 2020 March low is the beginning of a primary cycle (purple) and that 2021 February high is the beginning of extension in primary wave 3 (hence intermediate blue wave 1), I can only be extremely bullish that we are in a 1-2-1-2-1-2 pattern that is unfolding towards new (incredible) high. Looking at possible targets, I see a confluence of Fibonacci for primary pink 3 (2.618) and possible ends of intermediate blue wave 5 (200%). This is a bullish idea that still needs to unfold in the next couple months. What's your target?
CLong
by Dry-Storm
4
Algorand (Algo) - Gearing Up for Something Big.Hi everyone, Algorand is a promising project with a great team. The chart also looks fantastic, being in a very pronounced uptrend since around April 2020. This uptrend has involved previous resistance being turned into support, something which I believe is happening now. Due to the promising nature of the project and it's having a very modest market cap of $8 billion (lol), I believe that Algorand will go much higher. How much higher is difficult to say, but assuming a total crypto market cap of between 6-12 trillion $ by the end of this bull market, and assuming that Algorand continues to gain market share relative to its peers in the top 20 (from projects like litecoin, cro, and xrp for example), a market cap above 40 billion seems exceedingly likely, and thus an Algo above $5. Watch this space. Take care everyone and happy holidays! Jason
CLong
by JasonMP91
Strong Uptrend from Powell and his Talk today!Many were wondering what the catalyst would be to help propel us out of the crypto slump and though the higher level timeframes depict bearishness across the board, such as the Weekly and Monthly timeframes on most Cryptocurrencies, we are due for one last Santa Clause Rally. During the day earlier today, the Fed talk caused a precipitous drop in the VIX and it's ETF Derivative Investments such as UVXY and a Rally in Equities and Cryptocurrencies. This has left many currencies, including Algo propped up by strong support levels, consolidating and ready for the next leg up! As you can see in my shorter term chart, Algo has consolidated just above the 200 SMA into a sideways symmetrical triangle and has obeyed the strongest Fibonacci Level, which is .236 or 23.6% (the shallowest correction in terms of fib ratios). In theory, the extension should run up to the reciprocal of the fibonacci ratio added to the bottom of the retracement, so 1/.236, which = 4.237, but I'm looking at the conservative target, assuming our breakout holds of 1.618 which is at 1.55 short term. After that I will reanalyze things.
CLong
by candlestickninja