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ALGOUSD trade ideas

Turning Tides For Algorand Eyes 35% Jump! ALGO price action shows a bullish attempt to break above a falling channel pattern. An inverted head and shoulder pattern forms with a neckline at $0.1050. A bullish breakout could propel ALGO to $0.1175. ALGO has been in a long-term downtrend, falling 35% in a month. The recent reversal aims to exit the bearish trend and reclaim the 50-day EMA. A morning star pattern ignites an early bullish reversal. ALGO is currently trading at $0.1081, challenging the overhead trendline. The 50-day EMA and the $0.10 psychological mark are crucial for a breakout. RSI is on a bullish trajectory, approaching the overbought zone. MACD and signal lines avoid a bearish crossover, indicating bullish momentum. A failure to breakout could prolong the downtrend, with a new low of $0.081 possible. The ongoing price action is critical for future Algorand price predictions.
BINANCE:ALGOUSDLong
by Coinpedia-Market-Insight
I am crazy for posting this... Potential Nobody believed that so many altcoins would have growth like this in 2020-2021. They were wrong and markets went higher than anyone could realistically imagine. Hype and supportive communities have a strong influence on the markets. This chart shows potential and every 4 years we have massive swings in markets regardless of good or bad news. So why should now be any different. No matter what regulators or SEC does to try and control the crypto markets. We come back stronger every bull market. I needed to share to get this off my mind. No prediction just accurate observations from years of trading crypto currency. Sharing what i see vs my other posting that many believe is outrageously modest. Algorand has too much potential for the crytpo market to just lose investors. I believe this last dip from June 10th was it and now waiting on volume. Time will tell what is going to happen.
COINBASE:ALGOUSDLong
by UnknownUnicorn35774657
6
OMG breaking news Algorand to replace Bitcoin 3 warning signs. Energy usage and abundance of tokens for everyone in the world. Charts are lining up like bitcoin in 2012 before the massive bull market that gave bitcoin its popularity. Miners are losing revenue after the bitcoin halving and Algorand is everything crypto should be. Decentralized, very low energy network and more potential for expansion than any other project in the entire crypto market. Foundation and infrastructure is solid and ready to expand on a massive scale. If you are holding Algo tokens don't let them go. Trust me with the intel i just received this is a hot market for the next 10 years. Early investors hold the keys.
COINBASE:ALGOUSDLong
by UnknownUnicorn35774657
1
Will Algorand Reach $0.10 With This Breakout?ALGO's daily charts indicate a triangle breakout pattern. Algorand's current price struggles with the 50-day EMA barrier. Potential to reach $0.10 if the 50-day EMA is surpassed. ALGO has witnessed a 98% price reduction from its peak. A descending triangle pattern is formed with a firm resistance trendline. Uncertainty prevails due to sideways price movement. RSI shows diminished bullish momentum. MACD suggests a prospective bullish market. Breaching $0.10 hinges on maintaining the upward momentum.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
Will Algorand Escape The Triangle In This Rally? ALGO price action is showing a triangle pattern during its overall downtrend. Algorand's price has bounced back within the triangle, hinting at a potential breakout. A breakout rally could push the ALGO price to $0.10. ALGO is trading at a significant 98% drop from its all-time high of 3.77. ALGO price trend is forming a descending triangle pattern. Algorand's coin price has jumped 6.11%, increasing the chances of a breakout. ALGO coin is currently priced at $0.0935. A triple white soldier pattern in the daily chart suggests a V-shaped reversal. For ALGO to reach $0.10, it must break the resistance trendline. If rejected at the resistance trendline, ALGO could find a new bottom at $0.081.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
Will ALGO Price Rise Above $0.10?ALGO shows a strong demand at $0.091. It displays a solid resistance trendline. Potential bullish bounce can lead to a rally up to $0.1089. ALGO is trading close to its all-time low of $0.08846. ALGO coin witnessed a 97% discount from its all-time high of $3.28. Algorand was founded by MIT professor, Silvio Micali. $0.091 is the new support level with buyers preparing to challenge the resistance. Doji candles at the base suggest a potential reversal or loss of momentum. ALGO trades at $0.42, hinting at a potential bounce. Bullish divergences in technical indicators such as RSI and MACD. Breakout from resistance trendline necessary to reach or surpass $0.10. If faced with rejection, ALGO could go down to $0.081.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
Will ALGO Prices Reach $0.16? ALGO forms a double bottom pattern at $0.91. Bullish divergence spotted in RSI amid a double bottom. ALGO faces resistance at the 50-day EMA. Recent dip sees ALGO below the $0.10 mark, closing at $0.0934. Sideways market trend with ALGO showing potential for a bounce. Double bottom pattern emerges with strong support at $0.091. Current ALGO price: $0.0965, down 0.82% intraday but up 2.21% from last night. 1-day chart reveals a key resistance trendline. Breakout from double bottom could target $0.1082; ultimate aim: 200-day EMA at $0.16. Downside risk: If ALGO drops below $0.091, it could head to $0.084.
COINBASE:ALGOUSDLong
by Coinpedia-Market-Insight
2
Educated guess with manipulation potential for the short term.Algo is overdue for a massive funding round and could potentially have its own funding round with a strong show of support. After careful examination with markets the past two years and manipulation in trading patterns. I believe this could happen quickly with brief cooldown periods of trading testing support in the market before the next bull market. Funding rounds occur after large corrections like this and Algo has most definitely been quiet for the most part. It looks like its time to start buying now. This does not mean the entire market will be bullish new traders. This is just a buying opportunity for algo and potential rally for the project. I placed several potential correction points that i believe will be close to what will actually happen. I will not go into details but i do know crypto whales have been buying very low volume over the past two weeks. I am only bullish for Algo presently and have already made my buys this week. Can't wait to see the performance and breakout that should happen at any moment. Manipulation is a tricky thing so i added a potential manipulation pattern with a retracement pattern from the previous breakout......
COINBASE:ALGOUSDLong
by UnknownUnicorn35774657
11
ALGO Prices Back AT $0.10, Will it Break Below? ALGO price action indicates a bullish failure to sustain the breakout rally. ALGO prices have reversed from the 50-day EMA to retest the bullish dominance at $0.10. Algorand prices are down by 7.17% in the last 24 hours. Despite a triangle breakout, excessive selling pressure at the 50-day EMA and the bleeding altcoin market have reverted the rally. The breakout rally failed to close above the 50-day EMA, falling 9.18% in the last 48 hours, returning to the $0.10 mark. A sharp rise in trading volume supports the ALGO price downfall, with a third consecutive bearish candle challenging the bullish dominance at $0.10. The retracement might be a retest of the bullish breakout, but the long-term correction rally may break under the $0.10 zone. Technical indicators like daily RSI and MACD lines maintain a neutral to bearish standpoint, warning of a potential downfall. If buyers hold off the bearish downfall at the $0.10 zone, ALGO price may consolidate and reattempt the 50-day EMA breakout. A drop below $0.10 could lead to a crash, with the next support levels at $0.096 and $0.084, predicting a downfall of 7.15% to 18%.
BINANCE:ALGOUSD
by Coinpedia-Market-Insight
Triangle Breakout Marks Grand Bullish in Algorand Prices!ALGO price breaks out of descending triangle, signaling a bullish trend. Prices rise by 3.29% in the last 24 hours, aiming to challenge 50-day EMA. Bullish launchpad projected, potential target at $0.1414. ALGO down 96.62% from all-time high, but finds solid support at $0.10. Triangle breakout supported by morning star pattern and increased trading volume. Technical indicators maintain a bullish outlook, RSI and stochastic RSI showing uptrend. Bullish momentum may continue throughout the week, facing resistance at $0.1225 and $0.1414. Retest phase possible with early reversal.
BINANCE:ALGOUSDLong
by Coinpedia-Market-Insight
Trapped In A Wedge, Is ALGO Price Going under $0.10?ALGO price struggling to maintain near resistance trendline forms a falling wedge pattern in the daily chart. ALGO price may fall under $0.10 with an intraday drop of 1.37%, potentially setting a new low at $0.050. A continuous downtrend has led to ALGO coin prices decreasing by 45% in the last four months. Despite near-resistance trading, the recent 1.37% downfall forms a bearish candle, indicating a potential fall. Increased trading volume supports the drop in ALGO price, implying significant supply pressure. If prices close below $0.1084, the XLM trend may test the support trendline of the falling wedge. Bearish rally indicated by sideways Stochastic indicator trend and falling RSI line. If XLM prices fall below $0.10, a new low of $0.055 could be established, a 45% drop. However, lower price rejection could drive ALGO prices above the resistance trendline, potentially triggering a breakout rally with prices reaching as high as $0.15.
COINBASE:ALGOUSDShort
by Coinpedia-Market-Insight
2
Accumulation into .35 or .54, bullish Accumulation, 300% GainLets take a look at algo real quick. Interesting set up here, even though algo supply 2.5 larger than it was back in 2020, it is actually still holding the psychological price of 10c. That is actually very good for Tokenomics, considering how much they have liquidated into market. I believe that algo is now a sleeper giant. My chart is clean, and looks like there is a major fractal in August. Should be interesting. hopefully. I have been technically severely wrong about algo, so take this what it is, a TA, and not a prophecy. Good luck all.
COINBASE:ALGOUSDLong
by Ajion