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ALGO/USDT probability of bullish move from support? 👀🚀ALGO💎 Paradisers, focus on #ALGOUSDT, as it's currently exhibiting a trend that suggests a strong chance of a bullish continuation from its support zone. 💎 Amid recent market volatilities, #ALGORAND has seen a decline, but it now appears ready to recover from the support zone at $0.1650. Should #ALGO manage to maintain its momentum above this critical level, there's a substantial likelihood of it embarking on a bullish trajectory towards the significant resistance at $0.2861. 💎 In the dynamic and unpredictable crypto market, adaptability and responsiveness in our trading strategies are key. If #ALGO faces challenges in sustaining its position within this support zone, a reevaluation of our strategy may be necessary. 💎 In that event, our contingency plan, Plan B, would involve a focus on triggering a bullish movement from a deeper support level, identified at $0.1474. Monitoring this level is vital, as failing to hold above it could indicate a possible shift to a bearish trend in the #ALGO market. 🌴💰
Long
by MyCryptoParadise
1
ALGO: Pullback in UptrendTrade setup : Price is in an Uptrend. It got rejected at $0.24 resistance and pulled back to $0.18 support zone, which could be a swing trade entry in Uptrend, with upside potential to $0.24. Stop Loss (SL) level at $0.155 (just below the prior swing low). Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.18, then $0.15. The nearest Resistance Zone is $0.24, then $0.30.
Long
by altFINS
1
ALGO/USDT Fail to Break the supply, Potential continue downward!💎 ALGO's recent market trajectory has certainly caught the eye, particularly with its powerful bullish candle on the daily close, signaling a potential upward surge. 💎 To capitalize on this momentum, ALGO needs to decisively breach the supply zone. Probability Achieving this would not only confirm a bullish trend reversal but also open a path toward the next critical target - a strong resistance level. 💎 However, should ALGO stumble at the supply barrier and fail to secure a breakout, a reversal to bearish tendencies could be on the cards. In such a scenario, ALGO might retreat towards a key demand area around $0.1540, necessitating a close watch on its response in this zone. 💎 The demand area thus becomes a litmus test for ALGO's resilience. A robust bounce off this level could reinvigorate bullish sentiments, while a breakdown through this support might spell trouble. 💎 A failure to hold above this demand level could see ALGO spiraling down to lower support areas, or in a worst-case scenario, descending towards a much stronger support level. This phase is crucial for ALGO, as maintaining its position above the demand zone is imperative to stave off a deeper bearish downturn.
by MyCryptoParadise
2
ALGO: Approaching SupportTrade setup : Price is in an Uptrend. It got rejected at $0.24 resistance and pulled back. Now we wait for price to find support for a swing entry, ideally around $0.15 support level. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.18, then $0.15. The nearest Resistance Zone is $0.24, then $0.30.
Long
by altFINS
ALGO: Approaching ResistanceTrade setup : Price is in an Uptrend and approaching $0.24 resistance. If it breaks above that, it could revisit $0.30 next. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $0.20 (previous resistance), then $0.18. The nearest Resistance Zone is $0.24, then $0.30.
Long
by altFINS
ALGO: Approaching ResistanceTrade setup : Price is in an Uptrend and approaching $0.24 resistance. If it breaks above that, it could revisit $0.30 next. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.20 (previous resistance), then $0.18. The nearest Resistance Zone is $0.24, then $0.30.
Long
by altFINS
Technical analysis for ( USDCAD ) 23 Dec 2023 Trend: Down Expected Scenario: The technical analysis suggests that prices may reverse from current levels, based on the following reasons: 1- The price has reached the trendline. 2- The price has entered the support zone (from 1.3264 to 1.31000). What if prices don't reverse and continue moving down below the support green zone? That would mean the expected scenario has failed, as prices have broken both the upper trendline and the support zone.
by Algo0UAE
$SOl updated price targets - Huge potential off physical productExplore the "Sol Play" strategy tailored for the resistance zone between 104.45 and 114.12, with set targets at 130.89 (Target 1) and 198.79 (Target 2). Utilize the current diagonal channel, ranging from -7.76 to 23.27 at the bottom and 147.36 to 180.06 at the top, for a straightforward approach to market movements. Utilize charts for target points. Resistance zone 1: $104.45 - $114.12 Target 1: $130.89 Target 2: 198.79 The key driver behind this play is the introduction of the Solana Phone. As the first phone with a decentralized app store, it marks a significant step in the mobile era of Web3. Offering self-custody on the phone via Seed Vault and access to Web3 native dApps, the Solana Phone introduces a real-world use case product into the crypto market. This asset analysis focuses on the practical implications of the Solana Phone, recognizing its potential to bring a tangible, real-world utility to the crypto environment. The inclusion of a decentralized app store makes it a noteworthy development with implications for the broader crypto market.
Long
by Helios_Capital_Investment
ALGO: Approaching ResistanceTrade setup: Price is in an Uptrend and approaching $0.24 resistance. If it breaks above that, it could revisit $0.30 next. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Trend: Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance Nearest Support Zone is $0.20 (previous resistance), then $0.18. The nearest Resistance Zone is $0.24, then $0.30.
Long
by altFINS
ALGO: Approaching ResistanceTrade setup : Price got overbought (RSI > 70) after breaking above $0.20 and pulled back on some profit taking. Pullbacks to $0.18 area could be swing trade entry opportunities with upside potential to $0.24 near-term. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.18 (previous resistance), then $0.15. The nearest Resistance Zone is $0.20, then $0.24.
Long
by altFINS
ALGORAND is About to Explode!🚀 ALGO/USDT Potential Breakout Signal: After a careful analysis of ALGO/USDT price action, it appears that a significant move is on the horizon. ALGO has recently broken out of a Falling Wedge pattern, and all signs point to an imminent bullish surge. The key price levels to watch closely are 0.102 and 0.108. 🎯 Mid-term Price Targets: Target 1: 0.116 Target 2: 0.137 Target 3: 0.159 Target 4: 0.181 🛡️ Risk Management: Consider initiating small spot buys as the price action develops. If the price experiences a temporary drop, consider Dollar-Cost Averaging (DCA) to achieve an average buying level. It's advisable to set a stop-loss just below 0.090 to manage risk and protect against potential pullbacks from this support level. Stay tuned for updates as this promising move unfolds! 📈
Long
by ArShevelev
3
ALGO: Approaching ResistanceTrade setup : After getting rejected at $0.15 resistance a few times in November, price has finally broken above it to signal continuation of uptrend with upside potential to $0.24. However, price is now overbought (RSI > 70), hence, near-term, we’re likely to see it pause here on some profit taking. Pullbacks to $0.18 area could be swing trade entry opportunities. Previously, price broke above above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $0.18 (previous resistance), then $0.15. The nearest Resistance Zone is $0.20, then $0.24.
Long
by altFINS
ALGOUSDT upward momentum? 👀 🚀 ALGO Today analysis💎 Paradisers, prepare for a promising opportunity with ALGOUSDT as it showcases an impressive trend, currently positioned in a demand zone, hinting at a heightened likelihood of a bullish trajectory. 💎 In recent developments, we've observed a shift where supply zones have transformed into demand zones. Currently, ALGOUSDT is nestled within such a demand zone, and the prospects of it breaching the .1382 supply zone are quite favorable. 💎 Should this supply zone be successfully surpassed, we could see a move towards challenging higher supply levels, with the increased volume lending credence to a bullish outlook. 💎 On the flip side, should ALGOUSDT falter in its ascent, we might anticipate a bullish resurgence from the .1057 demand level. A dip below this could potentially lead to a notable bearish slide.
Long
by MyCryptoParadise