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Algorandusdt

Algorand uptrend local targetsBINANCE:ALGOUSDT Lets take a look on D timeframe for Algo Possible Targets and explanation idea ➡️Local fib we perfectly touched -0.18 lvl and would be good to test green block again ➡️Like usual we got many variations of price movements but I marked 2 ➡️Both of this price movement for continuation Up. ➡️Green - retest 27 block and continuation in spring ➡️Red - retest buy line "take profit" indicator on D and Up 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
ALGO: Pullback in UptrendTrade setup : Following a bullish breakout from a Falling Wedge pattern, price resumed its Uptrend. It briefly broke above $0.30 resistance but failed stay above it as traders took profits. Pullback near $0.25 support area could be an attractive swing entry in Uptrend, with +20% upside potential to $0.30 near-term and +40% to $0.36 mid-term. Stop Loss (SL) level at $0.225. 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 ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.25 (previous resistance), then $0.20. The nearest Resistance Zone is $0.30, then $0.36 and $0.41.
Long
by altFINS
1
ALGO: Resistance BreakoutTrade setup : Following a bullish breakout from a Falling Wedge pattern, price resumed its Uptrend. Now it broke above $0.30 to signal continuation of that uptrend, with +20% upside potential to $0.36 near-term and +33% to $0.41 mid-term. Stop Loss (SL) level at $0.265. 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 $0.25 (previous resistance), then $0.20. The nearest Resistance Zone is $0.30, which it broke, then $0.36 and $0.41.
Long
by altFINS
ALGO: Resistance BreakoutTrade setup : Following a bullish breakout from a Falling Wedge pattern, price resumed its Uptrend. Now it broke above $0.25 to signal continuation of that uptrend, with +20% upside potential to $0.30 near-term and $0.35 mid-term. Stop Loss (SL) level at $0.225. 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 $0.17. The nearest Resistance Zone is $0.25, which it broke, then $0.30.
Long
by altFINS
A closer look at the potential of ALGO.People are jumping with joy today as FLARE has made a more than 300% in gains as of late, but when you see what ALGO is about to do, you won't give a second look at FLARE again. Not to put down FLR, I hold a bag myself, but only to use it as a comparison. Just taking a gander at this chart, even the most rudimentary of assessments come to realize really quickly that there is definitely potential here. Even if the cup & handle formation fails, the chart gives you some really great tips about exit and entry points on long, and short positions. Enjoy traders, and always use a stop.
Long
by MetaShackle
2
ALGO: Resistance BreakoutTrade setup : Price is in an Uptrend. Following a bullish breakout from a Channel Down pattern, price has also broken above $0.20 resistance to signal continuation of uptrend, with + 20% upside potential to $0.24. Stop Loss (SL) at $0.18, just below prior swing low. 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 $0.17 (previous resistance), then $0.15. The nearest Resistance Zone is $0.20, which it broke, then $0.24.
Long
by altFINS
1
ALGO - STILL BULLISH: NOW forming Elliot Wave 2-3📉Hi Traders, Investors and Speculators of Charts📈 If you've been following, you'll know I'm fundamentally bullish on Algorand. And it gets better than fundamentals - we are currently witnessing a similar fractal that played out on ALGO during early days - the Elliot Wave Fractal. From the macro perspective, we can see that Algorand has a long way to go before reclaiming previous highs, unlike many other altcoins. It's hard to find an altcoin with good fundamentals tat still has 2000% upside potential, away from previous all time high. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:ALGOUSDT
BINANCE:ALGOUSDLong
by CryptoCheck-
5
ALGO - Don't Sleep on THIS ALTCOIN 💎Hi Traders, Investors and Speculators of Charts📈📉 Welcome to 2024🥂🥳 And with the new year, we've been focusing on altcoins that have great fundamentals AND great upside potential. Algorand is a decentralized network built to solve the Blockchain Trilemma of achieving speed, security, and decentralization simultaneously. Launched in June 2019 by computer scientist and MIT professor Silvio Micali, Algorand is a permission less, open-source blockchain network upon which anyone can build. Algorand is designed to be a payments-focused network with rapid transactions and a strong focus on achieving near-instant finality — that means processing over 1,000 transactions per second (TPS) and achieving transaction finality in less than five seconds. Algorand uses a Proof-of-Stake (PoS) consensus mechanism, and distributes validator rewards to all holders of its native ALGO cryptocurrency. Through strong throughput capacity and equitable community incentivization, Algorand is capable of managing the high-throughput requirements of widespread global usage and a variety of use cases. As a public smart contract blockchain that relies on staking, Algorand is currently capable of hosting decentralized application (dApp) development and providing scalability. Rising gas fees on Ethereum have led many dApp developers and decentralized finance (DeFi) traders to look for alternative blockchain solutions. Some have turned to Algorand as an Ethereum-alternative for dApp development and DeFi applications. Algorand is still "in prison", but holding the 50d Moving Averages is the first step towards a new bullish cycle. Look at all of this upside potential: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck
Long
by CryptoCheck-
ALGO: Falling Wedge BreakoutTrade setup : Bullish breakout from a Channel Down pattern was confirmed by a break above $0.17 key level. Price could swing up +20% to $0.20 near term. Stop Loss at $0.15 (just below the next support). Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Most traders should wait for a completed pattern with a breakout and then place a BUY order. Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis. Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.17 (previous resistance), then $0.15. The nearest Resistance Zone is $0.20, then $0.24.
Long
by altFINS
ALGO is setting up for a MASSIVE move!Why everyone is distracted with the Bitcoin ETF, that's been a complete disappointment so far, and XRP, which has been a perpetual disappointment for quite some time now, ALGO is setting up for a move that's going to leave cheap prices in the rear view mirror! ALGO'S structure has the potential to make incredible gains, in a short amount of time. Here's a couple potential paths that could come to fruition in the coming weeks. ALGO is my 2nd largest, long-term holding, and I'll be adding to it as opportunity presents itself in the coming days/weeks. ALGO is gonna fly! Good luck! And always use a stop.
Long
by MetaShackle
ALGO has formed an almost perfect cup & handle on the daily.ALGO (Algorand) has been forming a rather impressive cup & handle formation on the daily chart since mid April 2023. The handle looks to be nearly complete, and could breakout any day now. Anyone who knows Algorand is well aware of how quickly it can move when the volume is there. Either way, I'm a long-term investor who's already well into the green, and will be holding for many years to come. Good luck, and always use a stop.
Long
by MetaShackle
ALGO: Falling Wedge BreakoutTrade setup : Bullish breakout from a Channel Down pattern, which was confirmed by a break above $0.17 key level as well. Price could swing up +20% to $0.20 near term. Stop Loss at $0.16 (just below the breakout level). Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Most traders should wait for a completed pattern with a breakout and then place a BUY order. Trend : Neutral on Short-Term basis, Downtrend on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). 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: 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: 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: 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