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Algorand

ALGO: Approaching SupportTrade setup : Price got rejected at $0.24 resistance and pulled back to $0.17 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, Neutral on Medium-Term basis and Uptrend on 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 $0.17, then $0.15. The nearest Resistance Zone is $0.24, then $0.30.
Long
by altFINS
ALGO LOOKS BEARISHOn the chart, it seems that a bearish triangle is being completed. We are approaching the end of this triangle. The expectation is to have a pullback to the red range and then move down. I specified the targets on the chart. Closing a daily candle above the red range will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Short
by behdark
ALGO: Pullback in UptrendTrade setup : Price 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 : Neutral on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). 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
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: 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
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
ALGO's Parabolic Growth: Cup and Handle Masterpiece! 🚀Algorand (ALGO) emerges as a distinguished performer, crafting a masterpiece in the form of a Cup and Handle pattern. With a breakthrough of a crucial trendline, ALGO is now shaping the handle of this pattern, signaling potential for a resolute continuation of its upward journey. Chart Analysis: Crafting the Cup and Handle Symphony Cup and Handle Formation: ALGO intricately weaves the narrative of a Cup and Handle pattern, a bullish continuation formation. The cup, formed by a gradual rounding bottom, transitions into the handle—a consolidation before the potential surge. Trendline Breakthrough: ALGO marks a significant breakthrough, piercing through a vital trendline. This breakout serves as a precursor to the formation of the handle, setting the stage for a potential strong upward movement. Anticipated Scenarios: A Harmonious Surge Crafting the Handle: ALGO is currently in the process of forming the handle, a consolidation phase within the Cup and Handle pattern. This consolidation is essential for gathering momentum before the next phase of the bullish journey. Bullish Continuation: The completion of the handle sets the scene for a potential bullish continuation. Traders and investors eagerly anticipate the symphony of growth, expecting ALGO to resume its ascent. Strategic Approaches: Navigating ALGO's Crescendo Strategic Entry Points: Traders may strategically position themselves during the handle formation, ensuring entry at optimal points within the consolidation. Timing is crucial, and vigilant entry strategies could enhance the potential for capitalizing on the anticipated surge. Monitoring the Handle Dynamics: Continuous monitoring of ALGO's price action within the handle is imperative. Breakout confirmation from the handle would be a key signal for traders to act on the anticipated bullish continuation. Conclusion: ALGO's Symphony Continues to Unfold As Algorand weaves the harmonious notes of its Cup and Handle symphony, traders and enthusiasts alike await the completion of the handle—a prelude to a potential surge in price. The stage is set for ALGO to continue its journey, composing a resounding melody of growth in the crypto realm. 🚀 Crafting the Cup and Handle Symphony | 🎻 The Crucial Trendline Breakthrough | 🌌 Navigating ALGO's Crescendo ❗See related ideas below❗ Share your insights on ALGO's chart dynamics and join the conversation about the potential breakout and its implications. 💚🚀💚
Long
by Yaroslav_Krasko
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