ALGO / USDTALGO / USDT
Everything described in chart
Forming big double bottom and HH and HL in LTF
price is going straight up from bottom
We are on this trade since 0.17$ and i still see potential room for more growth
If you a holder or want to make a new entry see the support and resistance in this chart and keep following it
Algorand
Alikze »» ALGO | Scenario 3 or C bullish - 1W🔍 Technical analysis: Scenario of the first cycle bullish wave 3 or C - 1W
BINANCE:ALGOUSDT In the daily time frame, the ascending channel is moving.
- In the analysis presented in the previous post , after reaching the dynamic trigger, it faced selling pressure and, after a correction of 0.23 Fibo of the previous wave, it was able to continue the upward movement to the supply area.
- Considering the previous movement structure, which had an upward cycle to the 33 cent range, after which it made a three-wave downward correction cycle.
💎After that, by forming a Double Bottom, it was able to touch the middle of the channel and the neckline by creating demand.
💎Considering the momentum, this movement cycle can continue to the ceiling area of the ascending channel and the supply area, and then with a temporary correction in the middle of the channel, it can continue the upward path to the second supply area.
⚠️In addition, if the price enters the Invalidation LVL range during this upward phase, the bullish scenario is invalidated and must be re-examined and updated.⚠️
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Hey Trading Fam! ALGO at a Pivotal Moment – What’s Next?Hey trading family, let’s break this one down. Algorand (ALGO) looks ready for a potential move up to $0.26. From there, we could see a correction, but how deep could it go? Here’s what we’re watching:
Scenario 1: A correction could take us back down to levels like $0.21 or even as low as $0.15 – stay sharp!
Scenario 2: If $0.26 doesn’t hold as resistance, we could break higher and run all the way up to $0.42.
This setup is worth watching closely. What’s your move here? Let’s trade smart and adapt to what the market gives us.
Like, comment, and share your thoughts below to keep the conversation going! Got questions or your own analysis? Send me a DM – let’s connect.
Mindbloome Trading // Kris
Trade What You See.
#ALGO/USDT#ALGO
The price is moving in a descending channel on the 4-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 0.1186
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.1280
First target 0.1333
Second target 0.1370
Third target 0.1416
Go GORA Go :-)GORA - Gora Network is a decentralized oracle network established on Algorand as well as on Ethereum.
This low cap gem has been beaten up badly recently, but seems to have found a double bottom at the end of October 2024 -- severely undervalued imho, with a 2x - 15x potential mid-term.
DYOR:
28% of the original 100M token supply has been burned (source: vestige.fi ).
Validator staking V3 released (on Algorand and Ethereum) with 17% APY.
App-Specific Oracles.
x.com
linktr.ee
coinmarketcap.com
app.tinyman.org
Algorand Confluence StrongIt's quite the busy chart but it's all about confluences. And right now I'm seeing strong confluence, which is a vote of confidence for me.
Bullish divergence with RSI signalling 5th wave completition (corrective)
Falling wedge boundaries being respected
RSI climbing slowly but surely
Bounce off .786 fib retracement and making a HL (need to see HH next)
RSI is now bullish on the 2D TF and up
If this is wave 1 of the current cycle and with a severe correction to .786 Fib, Algo won't correct much at wave 4. Meaning it's up and only up from now on till the fifth wave sometime in 2025.
This NFA!!
ALGOUSDT:Will the Bulls Lose Their Momentum? Yello, Paradisers! Are we on the brink of a breakout, or could the bulls be about to lose their steam? Let's break down the current situation and find out where BINANCE:ALGOUSDT is heading next.
💎#ALGOUSDT has been tracking a symmetrical triangle pattern, signaling a high probability of an upcoming breakout. Right now, the price is gaining momentum at the ascending support, which could set the stage for a bullish push. If this momentum holds, we could see the price breaking above the triangle, potentially setting off a significant upward move. However, it's important to note that we’re not in full breakout mode just yet.
💎For a confirmed bullish move, we need to see a strong break above the symmetrical triangle and the internal supply area at $0.1458. This move should be backed by solid buying pressure, such as strong engulfing candles and consistent momentum. Until these conditions are met, caution is warranted, and jumping into positions too early could be risky.
💎But what if the bulls lose their grip? If ALGO fails to breach the triangle and internal supply level, it could signal weakening momentum, inviting sellers to step in. The critical level to watch is the lower support at $0.1111, a historically strong area. If the price bounces from here, the bullish outlook could remain intact. However, a break below $0.1111 would invalidate the bullish setup, potentially leading to a sharp decline.
The next move for ALGO will be pivotal, Paradisers. Whether we see a breakout or a reversal, maintaining a strategic approach with disciplined risk management is essential. The difference between winners and the rest will come down to patience and the execution of a well-thought-out plan.
MyCryptoParadise
iFeel the success🌴
ALGOUSD LONGMonthly Bullish break and close and pullback completed
Weekly Bullish break and close and pullback completed
Daily Bullish break and close and pullback completed
I now forecast Bullish upwards momentum, If this does not take place, Expect complete failure and price to stab through the Lows.
I for one am Certainly Bullish ALGO
ALGOUSDT 1H - TRIANGULAR ZoneALGOUSDT 1H - TRIANGULAR Zone
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ALGOUSDT 1H - TRIANGULAR Zone
ALGORAND is in a price consolidation zone.
LEVELS:
SL: 0.14
Resistance 0.14
TP: 0.16
In the range 0.11 - 0.16 we can do SWING TRADING as long as it does not lose the SL. At the moment we are close to the BUY ZONE.
Above 0.16 we can set other objectives.
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Algorand middle term targetsAlgorand middle term targets BINANCE:ALGOUSDT
Possible Targets and explanation idea
➡️We already sweep covid historical march 2020 low
➡️On a W tf we can see money inflow based on my Money Power indicator
➡️Perfect scenario with test of Buy line of my Take Profit indicator
➡️Target will be break out of downtrend line and test with full fill around 0.53$ monthly FVG.
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ALGORAND (ALGO) Looks like it could drop another 15% - 16% here.The crypto markets as a whole have taken quite a beating in the past week but appear to be getting close to forming a bottom. ALGO is showing signs that a rejection off the FVG (Fair Value Gap) currently presenting above the current price on the daily chart could signal a further 15% to 16% drop in the coming weeks.
Good luck, and always use a stop-loss!
Algorand 65000%Algorand is in a brutal Broadening Wedge Pattern, according to the textbooks it should do what is shown. Many alts, either OGs or legit layer-1 chains got absolutely rekt versus BTC caused by uncertainty of many things, Macro, SEC, bankrupt crypto lending companies, QT, scams like FTX and so on. Too many bad things and actors in the market and god knows what else, crypto in general got torn apart left and right since BTC touched 68k for the first time.
#LET'S_GO_FORWARD
#ALGO/USDT#ALGO
The price is moving in a descending channel on the 1-hour frame and is sticking to it to a large extent and is expected to break it upwards
We have a bounce that was booked from the lower limit of the channel at a price of 0.1200
We have a downtrend on the RSI indicator which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.1210
First target 0.1250
Second target 0.1300
Third target 0.1344
ALGO is breaking out of the current wedge pattern.ALGO has just broken out of the wedge pattern that it has been in for a minute now, and is looking like it could be getting ready to run. It's likely to go the .15 range, retrace back down to the upper wedge trendline, then continue the move from there.
Good luck, and always use a stop-loss!
ANOTHER PERSPECTIVE OF THE LONG-TERM POTENTIAL FOR ALGO.ALGO is one of the best cryptocurrencies you can buy, especially at today’s prices. Being one of only a handful of top-quality cryptos that are ISO 20022 compliant, like XRP, XLM, and Quant, I believe the future is bright for ALGO and its holders.
This chart isn’t set in stone and will change over time as more information comes to light.
Good luck, and enjoy becoming a millionaire!
Buying an Algorand to trade on the spot market.#ALGOUSDT
There are many factors that indicate the possibility of buying:
1. The strength index suggests that a rebound is possible in the short term.
2. We have already seen a complete bearish correction of A, B and C.
3. According to technical analysis, we have reached the bottom zone.
4. At the moment, the first and second waves have formed, and a long third wave is expected to follow. However, the target ($0.6495) can be reached by both the third and fifth waves.
Good luck to you!
Please note that these are just my expectations. There is no financial or investment advice here. All of the above information is provided for informational purposes only.
ALGO (Algorand): Falling Wedge BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with +22% upside potential to $.17 resistance. Stop Loss at $0.12. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9.
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Up, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $0.11, then $0.087. Nearest Resistance Zone is $0.15, then $0.20.
ALGOUSDT: A Crucial Moment Approaching Are You Prepared?Yello, Paradisers! Are you ready for what could be a pivotal moment for #ALGOUSDT? Let’s dive into the latest analysis and uncover what might be coming our way.
💎We’ve been tracking #ALGOUSDT closely, and the signs suggest a potentially explosive move. If the price breaks above the descending resistance, we could see a bullish surge.
💎However, given the repeated patterns we've observed, there's a possibility that the price of #algorand may retrace back to a strong support level at $0.1226. If momentum holds, we might witness a bullish ride up to the probable resistance.
💎But we’re prepared for all scenarios. If the price loses momentum at the strong support and breaks below, we're eyeing a potential bullish rebound from the lower demand zone at $0.1085
💎This is a critical juncture, Paradisers. Keep a sharp eye on the price movements around this demand area. A daily close below this zone could invalidate the bullish outlook and signal further declines.
Staying disciplined and patient is key here. The market is full of opportunities, but only those who wait for the highest probability setups will come out ahead.
MyCryptoParadise
iFeel the success🌴