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Algorand

$ALGO Supports And Resistance Zones - TIME TO BUYEURONEXT:ALGO Is an asset I have a lot of history with, Currently, it is trading well below what it realistically should be, considering the overall state of the crypto market right now. In this Chart I have not only added updated support / Resistance and target zones, I have left the previous Levels up that I charted in 2021 The more relevant data to current trades will be the levels established at the lower parts of the chart. Namely, the price points that follow. Here are my levels to watch out for, Here are my recommended options for entry. You can wait for a breakout of resistance zone 1, wait for a breakdown to the support level ($.1230), or enter right now and risk a breakdown while still in the trade. At this level I do believe it is a more beneficial move to either enter now or wait until a break of resistance, I don't necessarily see us dipping to support unless the overall market declines over the next few days. Here are the levels to watch. Set alerts are applicable prices. Support / Entry level: $.1230 Resistance Zone 1: $.1405-$.1520 Target 1: $.2390 +97% Target 2: $.3610 +190% Target 3: $.5070 +320%
Long
by Helios_Capital_Investment
ALGO/USDT A Bullish Horizon Beckons? 👀 🚀 Algo Today analysis💎Paradisers, ALGOUSDT is currently on the radar with its intriguing behavior, having faced rejection at a resistance level but showing signs that it might surge past it in a bullish manner soon. 💎 Historical patterns have shown that when supply zones transform into demand zones, ALGOUSDT tends to ascend. Although it faced a setback at the resistance level of .11563, the momentum seems to be regaining, hinting at a heightened likelihood of breaching the resistance. 💎 Notably, the price has maintained a stance above the previous low, which supports the bullish outlook. Another scenario to consider is a potential bullish push from the demand zone at .10594. However, a drop below this zone could signal a bearish turn. 💎 While some traders, particularly newcomers, may be initiating long positions, it's crucial to maintain a strategic edge and remain alert to all market movements.
Long
by MyCryptoParadise
Algorand Price Surges Above Exponential Moving Average 200! Algorand (ALGO) has soared above its Exponential Moving Average 200 (EMA200), hinting at a remarkably bullish run! For those of you who relish the excitement of trading in fast-paced markets, this exhilarating development presents an unmissable chance to capitalize on the strong upward momentum of ALGO. The fact that it has surged beyond its EMA200 signifies a significant shift in its overall trend, indicating the potential for substantial gains in the near future. Now, you might be wondering, "Why should I long Algorand?" Well, the reasons to do so are plentiful. The recent breakthrough above EMA200 showcases the cryptocurrency's resilience and solidifies its position as a growing force in the market. Furthermore, Algorand's cutting-edge blockchain technology, combined with its ability to handle high transaction volumes with minimal fees and superb scalability, has garnered widespread attention and acclaim within the crypto community. It is worth noting that Algorand's dedicated team of visionaries and prominent partnerships add further credibility and potential to this digital asset. So, fellow traders, let's seize this exhilarating opportunity and consider initiating a long position on Algorand (ALGO) today. With the price soaring above its EMA200, it's an exciting moment to ride the upward wave and potentially secure significant profits. Don't miss out on the action! As we navigate the fast-paced world of cryptocurrency trading, remember to stay informed, set stop-loss orders for risk management, and always trade responsibly. May each trade bring you adventure and success! To embark on this exciting journey with Algorand, act now and place your long position. Get ready to ride the waves of profit! Call-to-Action: Take advantage of Algorand's surge above its EMA200 and seize the opportunity to long ALGO today! Place your trade and enter the thrilling world of potential profit now. Don't delay, act today!
Long
by bryandowningqln
ALGO/USDT Ready to continue upward Movement ?? Bullish Momentum💎 ALGO has undoubtedly seized our fascination, successfully breaking through the descending channel pattern. Following this breakout and a subsequent retesting phase, ALGO embarked on a significant upward journey, only to face a stern rejection at the resistance zone. 💎 Currently, ALGO is retracing to the nearby support level at $0.097, seeking fresh momentum for another breakout attempt. A crucial bounce at this juncture is necessary for ALGO to rally back and challenge the resistance zone once more. Should ALGO manage to break this resistance and secure a position above, Probability would pave a smooth path toward its next targets - the supply zone and the bearish OB. 💎 However, ALGO's trajectory could take a negative turn if it fails to maintain its stance above the support or within the demand zone. Should ALGO falter in upholding the support level, it still reserves a lifeline at the demand zone. It's imperative at this demand level for ALGO to manifest a bounce; failure to do so could signify a forfeiture of the demand zone, potentially triggering a retreat to the robust support zone below. 💎A precarious scenario unfolds if, upon retesting, ALGO shows no signs of bullish rejection or bounce within the demand zone. This weakness could be a harbinger of ALGO's potential loss of the demand zone. If this materializes, the bullish momentum may wane, giving way to bearish tendencies and priming ALGO for a downward spiral, seeking solace back at the strong support zone.
by MyCryptoParadise_Nathan
9
ALGO SETTING UP TO PUMP?!?!Algo looks bullish. Looking at the chart we can see a few ways how the algo price action might play out. If this breaks out to he upside, I mapped out where I think price will go and where to exit or take profit. (Golden Pocket (Orange Line)) Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
3
ALGO can drop moreIt looks like a diametric finished. After this bullish diametric I expect another bearish pattern to complete to the downside. You can look for sell/short transactions in the red box. I specified the invalidation level, closing one 4-candles above this level 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
by behdark
10
The key is whether it can rise above 0.1098Hello? Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ALGOUSDT chart) (1M charts) The key is whether the price can be maintained by rising above 0.1098. (1W chart) Since the volume profile section spans 0.1881-0.4253, the key is whether it can rise beyond this section. (1D chart) A volume profile section is formed at 0.3091. As it falls below the 0.0924-0.1039 range, the possibility of further decline is increasing. Accordingly, the key is whether it can rise to the 0.0924-0.1039 range. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
3
ALGO/USDT Break Alert! Bullish Sign in the short-term Movement 💎ALGO has experienced a bounce within the demand area and has broken through the descending channel of the pattern. This breakout is validated on an hourly timeframe. However, for a more precise breakout confirmation, it is prudent to await the closure of the daily candle. A closure above the pattern signifies a valid breakout, potentially leading to significant movements for ALGO. 💎 In the broader perspective of weekly or monthly timeframes, ALGO is already in an oversold condition. This strongly suggests the commencement of accumulation and the likelihood of an upward movement to test the bearish OB area. 💎 Before any significant upward movement, ALGO needs to breach the resistance area. Once this area is successfully broken through, ALGO can effortlessly reach target profits 1 and 2. 💎 However, this analysis would be invalidated if ALGO breaks the key support area and the daily candle closes below it.
by MyCryptoParadise_Nathan
9
ALGO 60% pump incoming 🆓🚦📌 #dyor 💰 Position size :: 1% 💱 Leverage :: cross ➖ 2-5x 🪙 EURONEXT:ALGO -USDT 📌 #futuretrade :: ↗️ ......🌴 #BUY :: $0.105 - $0.112 ( split % 💰 ) 🎯 :: $0.1222 :: $0.1387 ::$0.1874 Stop 🛑 lose #SL :: $0.1 🚏 👆 ( complete day below ) 📌 always move stop lose #sl when target get reached 📌 #risk :: High 🔥#scalping #explanation 👉 Max showing bearish 📍 but 🫠 Day chart 📈 looking bullish so risky 📐
Long
by raj5_7_5
ALGO/USDT Ready to Upward Movement?? Algorand Today Analysis Ladies and Gentlemen of ParadiseClub, gear up for the forthcoming gems! 💎ALGO has broken its prior pattern and is now retesting the resistance trendline. 💎We're keenly observing its approach to the demand zone. Should ALGO exhibit a bounce or face rejection within this area, we can anticipate a bullish trajectory, 💎 targeting the next supply point at 0.1265 and a formidable resistance at 0.1387. 💎However, be cautious: if ALGO closes below 0.1046 on a daily scale, our bullish outlook would be invalidated. Stay alert and trade safe! 🌴
by MyCryptoParadise_Nathan