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ALGO Perpetual Futures ContractALGO Perpetual Futures ContractALGO Perpetual Futures Contract

ALGO Perpetual Futures Contract

0.1919USDR
−0.0052−2.64%
As of today at 10:41 GMT
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ALGOUSD.P trade ideas

ALGOUSD H8: BEST Level to SHORT IT 25/35% gains(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -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 -24/7 uptime so constant updates ALGOUSD H8: BEST Level to SHORT IT 25/35% gains(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT as I expect more losses short and mid term. 🔸 Summary and potential trade setup ::: ALGOUSD 8hour chart review/outlook ::: compression into wedge now ::: breakdown pending ::: expecting 25%/35% correction ::: shorting from here is a nice trade ::: BEARS will target recent cycle lows ::: TP Bears is +25%/+35% gains ::: no valid setups for bulls now ::: later after pullback/correction ::: bulls may look at buying low ::: recommended strategy: SHORT IT ::: short at market / short rallies/rips ::: SWING TRADE: SHORT/HOLD IT ::: correction not over yet ::: good luck traders! ::: SHORT and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS ::: Sentiment outlook short-term: BEARS 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.
COINBASE:ALGOUSDShort
by ProjectSyndicate
3
ALGO's ascending triangle is ready for a breakout!Algorand (ALGO) has formed an ascending triangle pattern on the 4-hour chart. ALGO has been following a higher rising trendline but found repeated resistance around the $0.924 level. We’re currently at a point where the price can soon break on either side as the price congestion is becoming tighter and tighter. Ascending Triangle Price Target In technical analysis, the ascending triangle is a bullish chart pattern, but since the long term trend is bearish, we can’t rule out the possibility of a downside breakout either. Generally, the profit target for the ascending triangle is the measured triangle depth which is added to the flat resistance line projected to the upside. In our case, the price target is the $1.180 level. But first, we need the breakout to the upside to hold above the resistance level of $0.924. Money Flow Index The Money Flow Index (MFI) signals a positive buying pressure as the MFI readings have been constantly above the mid-level 50 while we were developing this ascending triangle. The MFI can also be used to gauge any downside breakout. If we break below the upward sloping trendline, but the MFI remains above the 50 level, it might be a false breakout signal. In this case, we would need to readjust the trendline to fit in the new price developments. Looking Ahead: The next big hurdle that the bulls need to overcome besides the triangle flat resistance level is the vital psychological number $1.0.
COINBASE:ALGOUSD
by cryptohopper
Algorand on its way too .95+ for next weekWe're currently in a Uptrend, approaching the lower resistance of this trend & the Fib resistance which is a great opportunity for a Touch & Go. Also if you take a look at the RSI we touched the Oversold indicator which usually leads to a nice bull run, this would send us towards the upper trend resistance. If we end up breaking the lower resistance we may consolidate in the mid to low .80's as we move through the weekend. *Not Financial Advice
KRAKEN:ALGOUSDLong
by Kyle_Kinnaird
ALKALINE PORTFOLIO - ALGO 2This will be our Alkaline Free Crypto Portfolio. This portfolio will be held for the long term, so you must manage your capital to deal with potential dips in the crypto market. We will not provide every entry in one post, as we believe in the power of dollar-cost averaging. Leverage is not allowed, this portfolio must be followed by a Spot wallet. Our analysis will be provided with an approximate entry price and the name of the token. All the ideas provided must be taken with the same capital so that the performance is similar to the CryptoAlkaline portfolio. You must divide your capital into entries of 2-5%. For example, a $10k bag will place entries of $200-$ 500, and in case of running out of money from the allocated capital, new entries must be taken with the same size. It has been proven that the cryptocurrency market follows the same direction most of the time and that in this case, diversification does not eliminate the risk of losing money. However, we rely on diversification as a tool to increase our exposure to sporadic hikes in certain Altcoins. Understand the risks involved in buying cryptocurrencies, and execute these activities legally according to the regulations of your country. ------------------------------------------------------------------ NEW ENTRY in Algorand (ALGO/USD // ALGO/USDT) ENTRY PRICE $ 0.885 NO LEVERAGE, NO TARGETS Please read our "Free Crypto Portfolio Rules" before placing your positions. From a technical view, Bitcoin is in a good place to start buying near the $30k psychological level, so we could anticipate the next Altcoin Rally buying Algorand near the support situation. This token has a use case for instant payments with low commissions and rewards through staking. Several payment processors such as Visa & Mastercard have shown interest in this asset. This fact causes the $1 level to be detected as a good buying opportunity, as it is considered reasonable for a token that could be used to pay for goods and services. After this purchase, our average entry in Algorand is @$0.972. Good luck, Alkalites!
BINANCEUS:ALGOUSDLong
by CryptoAlkaline
2
Algo is very consistentOver the last 5 months algorand has been following this bottom pattern. The local lows are all 30 days apart from each other, except one which is 29 days.. Yesterday was the 30 day bottom, so we can conclude that, if the trend continues, 30 days from now is the next new bottom. Additionally, from local bottom to local top, all 4 cycles have increased over 65%. I'm going to put my money on algo repeating the cycle yet again. Even if it is a lower high, it is possible to reach 1.26 in the next 3 weeks. DYOR, NFA.
COINBASE:ALGOUSDLong
by FOMORON
2