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Algo

ALGO Yearly RangeBINANCE:ALGOUSDT Possible Targets and explanation idea ➡️If we take a look on yearly chart we just got a simple range ➡️Top. Bottom at 0.0958. 2 test of equilibrium End of hype ➡️Crashed and formed historical lower low and deviation of range 0.0901 ➡️Bullish road to 2 main monthly gaps and euphoria to deviation at the top 3.45$ ➡️That time or we will break deviation and going higher or come back in a range again Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
7
Range Trend, Twin Bottom Pattern, and Resistance LevelsThe ALGO cryptocurrency has followed an expected range trend by consistently finding support at the $0.10 level. This trend is likely to continue for some time. Additionally, a twin bottom pattern has formed on this support. If the pattern's neck line is broken, we anticipate that the price will increase further, reaching the resistance range between $0.185 and $0.19. There is a minor resistance at around $0.122, and the price has shown multiple reactions at this level in the past. If buyers have enough strength to break through this resistance, the next target would be the resistance range at the top of the descending channel, specifically around $0.141. However, in a bearish scenario where there is a negative reaction to this resistance, the support range at $0.092 is significant. We can expect a positive reaction from the price in this range.
by MonoCoinSignal
4
Algorand ALGO price is far behind the cryptomarket. When growth?We are often asked to publish an idea for ALGOUSDT, you asked - we did. We look at the chart and see that the ALGO price is still in a downward trend. The only good news is that as of right now, ALGOUSD hasn't updated its lows in a month. Now the ALGOUSDT price has moved into consolidation, so we can hope that the stage of accumulating long positions has begun, and this stage can last for many weeks. As of now, we would definitely not risk buying ALGO with our own funds, as we do not see the strength of buyers and the "desire" for prices to rise. The first ray of hope for ALGO holders may be a breakout of the trend line and a price fix above $0.15. In this case, there will be a chance for continued growth to $0.20 and $0.26 In the long term, we would like to see the ALGOUSDT price reach a strong mirror zone of $0.70-0.80, but we do not know when this will happen and what should provoke such a price increase. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
21
ALGOUSD Ahead of the first major bullish break-out in 4 months.Algorand (ALGOUSD) has hit today the 1D MA50 (blue trend-line) for the first time since April 17. That is also the top of the 4-month Channel Down pattern. If broken, it may turn out into the first such major bullish break-out move this year as not only is the price rebounding off a Double Bottom but the RSI is on a huge Higher Lows line (Bullish Divergence). As a result, we will go long if the 1D candle closes above the top of the Channel Down and target 0.15000, which is not just near Resistance 1 but more importantly the Lower Highs trend-line since the February 21 High. On the longer-term if a 1D candle closes above that Lower Highs trend-line as well as Resistance 1, we will buy again targeting 0.18000 (within Resistance 2 and the 0.382 Fibonacci). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:ALGOUSDLong
by TradingShot
Algorand (ALGO) formed bullish Shark for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO). Our last successful trade of ALGO was as below: Now on a 4-hr time frame with Bitcoin pair, ALGO has formed a bullish Shark move, at the moment after the completion of final leg the priceline is slightly moved up, therefore, we can wait for some correction. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333