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Algousd

ALGO in an interesting situation, 25-50% upside on the decksNot yet seeing higher highs, but at least higher lows. Bulls already tried to break out of the downtrend (red line), but got rejected - third attempt could possibly be successful now. While breaking the downtrend (red) we are also facing to break the 0.236 FIB between all-time high (1) and most recent low (0) which led to an upward-movement since February 23rd till now. My Buy will be at 0.99 USDT TP1: 1.248 USDT TP2: 1.370 USDT TP3: 1.491 USDT Breaking the purple uptrend-line will negate the uptrend we´ve had in the past week and could lead us back to the most recent low (0.84 USDT) No financial-advice! Good luck! P.S. P.S. No Binance-Account yet? accounts.binance.com
Long
by LinoCerrus
1
ALGOUSD - Trend-Following Setup!ALGO has been overall bearish for a while, trading inside our blue channel but since it is approaching a strong demand/support zone we will be looking for buy setups. But before we buy, we want the buyers to prove that they are taking over again. (you don't want to buy a bearish market right?) Our upper blue trendline is not valid yet, as it only connects two swings, so we will be waiting for a third swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing high to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, ALGO would be overall bearish and can still dive inside our green zone or even break it downward. For now, as per the current market condition, we are waiting for a new swing high to form around our upper blue trendline to consider it our trigger swing, and then and only then, the reversal setup would be ready and confirmed after a momentum candle-close above that last swing high. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
COINBASE:ALGOUSDLong
by TheSignalyst
88
ALGOUSDT (ALGORAND) - UPTREND CONTINUATION ANALYSIS 🔎 - ALGOUSDT brokeout above the inverse head and shoulders neckline resistance as expected from my previous analysis. - Price hit a swing high (1.84 USDT) and retraced. - Price is retesting the neckline resistance (flip horizontal support) and key fibonacci retracement levels (0.5 - 0.618 - 0.786). - There's a relatively high concentration of buyers at this retest zone (High buying pressure). - The retracement is resisted by the descending trendline resistance. - Breakout above the descending trendline resistance could be an uptrend continuation signal. BUY ENTRY ⬆️ - Conservative entry : breakout above the descending trendline resistance. - Aggressive entry (risky) : market price (now). TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
Long
by Chibuike_Odoh
Algorand's Road To ??? UPDATE , 1st after success mark.hey guys i took a little vacation and i didn't know how many and how much people loved and wanted more , i know its millions of traders and we all like to see like minded people stories of success and thoughts for future profits , i love teaching independence its freedom in trading & financially . thanks for all the love , im trying to send it back a million times , im happy for everyone who profited from ANY of my previous posts , i wish everyone viewing this the best of luck trading , remember being "rich" is a state of mind , wealth is about being stable , not worrying about NEEDS , so i hope all of you guys get rich , but i PRAY you guys become wealthy , lets get stable monthly income without breaking our back . with that being said lets jump into ALGO , so after this run , i was kinda stuck in park on when to start buying more Algorand Tokens , i wanted to let price find itself before i sold or bought anymore , in my case i was so far into profit even when price came down after blowing up , it would still be profitable , you can relate if you have been following me in the Road to Crypto Success trilogy . at this point i have sold all of my ALGO and i am DEFFF waiting to buy more , im thinking this is a great time to buy hopefully my money has been transferred in enough time to buy , what do you guys think , let me know below in the comments , dont forget i wanna hear your ALGO stories , so feel free to send any messages or drop any comments , im happy to help , also if you are new to my posts thanks for viewing don't forget to follow me for more
COINBASE:ALGOUSDLong
by stunnahblank702
3
🆓Algorand/USDT Analysis (20/2) #ALGO $ALGOALGO is moving sideways around $1.4 zone and this zone is a good support zone that can help ALGO rally in the near term to $1.6 and $2.2 or higher. If ALGO fails to hold $1.4 zone, $1.2 zone is still a good support zone of ALGO 📈BUY -Buy: 1.35-1.4$. SL if B 📉SELL -Sell: 1.6-1.65$. SL if A -Sell: 2.2-2.3$. SL if A ♻️BACK-UP -Buy: 1.175-1.225$. SL if B ❓Details Condition A : "If 8H candle closes ABOVE this zone" Condition B : "If 8H candle closes BELOW this zone"
Long
by CryptoStation
4
ALGOUSDT (ALGORAND) - UPTREND CONTINUATION ANALYSIS 🔎 - ALGOUSDT is consolidating in a pennant chart pattern. - A pennant chart pattern is a trend continuation pattern, a bullish one in this case. - There's a breakout potential. BUY ENTRY ⬆️ - Aggressive entry (risky) : market price (now). - Conservative entry : breakout above the pennant pattern's inclined resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). - Horizontal resistance level (R3). - Projected ascending channel resistance. - Fibonacci extension levels. SETUP INVALIDATION ❌ - Breakdown below the pennant pattern's inclined support.
Long
by Chibuike_Odoh