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ALGOUSDT

Algorand Price Analysis. Setup for LongLet's take a look in details globally and locally for BINANCE:ALGOUSDT.P Why do i think the chart now looks more bullish than bearish! Potential targets for long and continuation! 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
ALGOUSDT.1DOn the daily chart for Algorand (ALGO/USDT), ALGO appears to be in a downtrend, as highlighted by the descending trendline. The price has recently faced rejection at this trendline and is currently trading at $0.1994. There is a crucial support level (S1) at $0.1319, which could be an area of interest for buyers. Resistance levels are established at $0.2846 (R2) and $0.3373 (R3), with R1 being the descending trendline itself. The RSI is below the midpoint at 46.63, suggesting mild bearish momentum without being in oversold territory. The MACD is below zero and the signal line, indicating bearish momentum is present. Traders might look for potential shorting opportunities at the trendline rejections, with targets set near S1. A break below S1 could indicate a continuation of the bearish trend. Conversely, a break above the trendline could signal a change in trend and potential buying opportunities, with resistance levels as targets. It's important to monitor for a potential reversal pattern or bullish indicators before considering a long position.
by MarsSignals
ALGOUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Everything on the chart. (update) Got complicated in wave of (ii), but in midterm nothing has changed from my last idea. Entry: (im in pos from 0.184) Targets: 0.34 - 0.46 - ~0.7 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . risk is justified It's not financial advice. DYOR!
Long
by trytofeelpositive
ALGO: Channel Down PatternTrade setup : Trends are mixed. Bullish breakout (with huge volumes) from a Channel Down pattern signals resumption of uptrend, with upside potential to $0.25 near-term and if broken, even $0.30. Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on 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 $0.15, then $0.12. The nearest Resistance Zone is $0.20, which it broke, then $0.25 and $0.30.
Long
by altFINS
ALGO Breakout was plannedTell me who gave you the EURONEXT:ALGO thing 3 days ago? Who is giving you these pump alerts before with chart proof? Only AqeelOnline!! Check every trader here and tell me if anyone else is predicting the right things again n again everyday, and if there is any? Do comment me I would love to follow him/her You are simply not an ordinary place My Friend. Just Follow! Earn some money and Remember me in your prayers if you can remember me that time. That's just I want back from you. Happy Earnings❤
Long
by AqeelOnlinePremium
🚀💰 ALGOUSDT: 1 to 10 Trade Opportunity!Traders, get ready for a potential game-changer with ALGOUSDT! 🚀💰 🔍 Strong Support Zone: We're eyeing a robust support zone where buyers are showing a strong reaction. It's highly probable that they'll step in again. Remember the last time? It sparked some impressive movement! 💡 Trade Strategy: With the potential for a 1 to 10 trade, this setup could be a golden opportunity for profit! Keep a close watch on this support zone and be ready to seize the moment when the buyers make their move. 💬 Share Your Thoughts: What's your take on this potential trade setup? Share your insights and let's discuss the possibilities together! Your input could be the key to unlocking this exciting opportunity! 💰 Unlock the Prize: Remember, the best comment could unlock a special prize! So don't hold back—share your thoughts and join the conversation! 🏆💬
Long
by RICHI_CRYPTO_SIGNAL
ALGO: Descending Triangle PatternTrade setup : Price remains in an Uptrend. After making another Higher High (~$33), which is a sign of Uptrend, price is consolidating in Descending Triangle pattern. The pattern is coming to a pinnacle, which means price is about to breakout. We wait for a breakout that would signal the end of consolidation and a resumption of uptrend. Bullish breakout could see the price revisit $0.30 for +20% upside, while a bearish breakout below $0.23 support could see further downside to $0.18. Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend. Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on 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 $0.20, then $0.15. The nearest Resistance Zone is $0.25, then $0.30.
Long
by altFINS
ALGO - Trade opportunity after the breakoutBINANCE:ALGOUSDT (1D CHART) Technical Analysis Update ALGO is currently trading at $0.2276 and currently in consolidation phase. Price has formed a nice triangle pattern. If the price breaks out from the resistance line then we have a good opportunity for long trade. If the price breaks down then the next support is around 0.15 Entry level: $ 0.24 Stop Loss Level: $ 0.21 TakeProfit 1: $ 0.256 TakeProfit 2: $ 0.268 TakeProfit 3: $ 0.2931 TakeProfit 4: $ 0.3190 Max Leverage: 5x Position Size: 1% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
ALGO/USDT bullish reversal from support ? 👀🚀ALGO analysis💎 Paradisers, let’s delve into the intriguing movement of #ALGOUSDT. Currently, it’s retracing and meticulously retesting a critical support level at $0.2162. This level holds immense importance, and its ability to transition from a retest to a firm support could be a bullish signal. 💎 After successfully breaking out of a descending channel, the price of #ALGO is now confidently approaching the key support level at $0.2162. If the price sustains its momentum at this level, we can anticipate a bullish reversal. With sustained upward momentum, the target lies above the formidable resistance at $0.3277. 💎 However, should the price of EURONEXT:ALGO dip below this pivotal zone, it’s crucial to adapt our strategy. We foresee a bullish rebound from the secondary support level at $0.1939. Failing to regain ground here could potentially lead to further declines. Stay vigilant and agile as we navigate these market fluctuations! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
ALGO: Pullback in UptrendTrade setup : Price remains in an Uptrend. We would be buyers on pullbacks near $0.25 support area, which is also near its up trendline, and could be an attractive swing entry in Uptrend, with +20% upside potential $0.30 near-term. Stop Loss (SL) level at $0.215. Trend : Downtrend 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 $0.25, which it broke, then $0.20. The nearest Resistance Zone is $0.30, then $0.36 and $0.41.
Long
by altFINS
1
ALGO: Pullback in UptrendTrade setup : Price remains in an Uptrend. We would be buyers on pullbacks near $0.25 support area, which is also near its up trendline, and could be an attractive swing entry in Uptrend, with +20% upside potential $0.30 near-term. Stop Loss (SL) level at $0.22. 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, then $0.20. The nearest Resistance Zone is $0.30, then $0.36 and $0.41.
Long
by altFINS
ALGO's wave 5 could gain some significant ground here soon!ALGO has been doing very well the past month or so, and is looking to do even better here shortly. The current wave 5 is generally the most explosive, and largest gaining. Although, the price action looks like it could potentially drop closer to the lower trend line (white line). This line has held very well so far since this uptrend started, and the wave pattern will continue to stand as long as the price action doesn't drop below the wave one high. If the wave 5 plays out properly we could easily see ALGO run into the mid .40's. Good luck, and always use a stop-loss!
BINANCE:ALGOUSDLong
by MetaShackle
ALGOUSDT: Falling Wedge - Getting Ready for breakoutFalling wedge is bullish pattern (reversal pattern) formed by two converging bearish lines. As you can see in the chart, BINANCE:ALGOUSDT has formed a clear falling wedge patter. If the breakout is confirmed, we can enter the trade around 0.173 After the breakout we can expect a minor correct, however breakout entry should be good and position can be average to get better entry price if the correction happens. EntryPrice: 0.1734 (after breakout) - 0.165 (for averaging the entry) Stoploss: 0.1490 TP1: 0.1894 TP2: 0.2040 TP3: 0.2253 TP4: 0.2531 Don't forget to keep stoploss. Like and follow us for more interesting ideas. Cheers GreenCrypto
Long
by GreenCryptoTrades