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ALGOUSD trade ideas

Algo is a favoriteAnthony scaramucci ~ "The Future is bright. The more you learn about ⁦ @Algorand the more you will realize how big a part of the future it be. Carbon Negative Crypto. " For some reason this crypto resonates as a whole with me. Fundamentally and technically, from a logical viewpoint. While Mr BTC or ALTS may actually be entering a bear period for a while, this may not stop ALGO from rising. Remember when the market was down earlier this year and ALGO was rising? BTC dumping could actually prove another chance for ALGO to break from this irrational correlation. I mean it's not like BTC is the S&P and ALGO is one of it's featured companies. Money outflow from crypto will only be when IR rise. You can see every dip is bought perfectly on RSI bouncing off the trendline. If we retest 200EMA I will expect another huge buying opportunity, that being said any price sub 2$ resistance is a great entry point if you are thinking 2025 and beyond. Keep accumulating and staking my friends, even take a small leverage position on FTX if your feeling this ;P (Disclaimer not financial advice, just rational thought and a little bias)
COINBASE:ALGOUSDLong
by jackohgorman
Algorand headed downBased on the previous bull cycle trend of BTC and the last local top trends of ALGO, my prediction is that between Dec 10th and 22nd, ALGO will bottom somewhere between $1 and 1.10 - putting it about 60% down from it's ATH (excluding it's single day peak when it was listed on a new exchange)... I have set a buy order at 1.061 (as a form of insurance in case it doesn't go quite as low as I expect). As of today, there is a massive buy wall at $1.50, but I'm not sure how strong that will hold up if a mass sell-off scenario were to occur. This is mostly a personal chart, but I'd like to share publically to get feedback from others.
COINBASE:ALGOUSD
by FOMORON
6
MY MINIMALIST CHART ANALYSIS FOR ALGORAND $ALGO ON TRACK WITH OUR TARGET AREA OF VALUES 11.18.21 1422H +8 SINGAPORE Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. ALERT: VITAL SIGN A-OK, WE WILL FINISH THIS SWING. The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION. We are now looking at an ENTRY that we can TOP-UP for our Investment FIB 0.618. Congratulating all those who have climbed the SWING together with me. REMINDER: INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE "FOLLOW THE WHITE RABBIT!" Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you. HOW TO USE THIS MINIMALIST CHART Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.) It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. You can CLICK AND hold THE CHART and PAN or DRAG IT. TARGET ZONE IDENTIFICATION The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.) At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY). Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology. Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work. Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share. Vive Le Autist! Vive Le Egalitarianism!
COINBASE:ALGOUSDLong
by The_Crypto_Samurai
5