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ALGOUSDT

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 ready for trend change(bullish)Okay,I know we all been watching the steady downtrend of EURONEXT:ALGO for a very long time but hear me out, I think its finally time it starts to pop off. Monthly has reached a strong support zone. Multiple candles rejecting. Higher time frames showing clear rejections where price has finally made the same low. Double bottom formation. For ideal traders, I will wait for a break out and retest. I'm personally adding positions here with a long sl. Will keep you all updated. Best wishes to everyone!
Long
by KidCrypto_
1
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
ALGO - Time to Buy?I think its a perfect time to buy or Long some Algo We can see that the coin perfectly bounced from 0.0878$ price level, from which it already bounced for the 3rd time. And each time it was bouncing for 16 to 22 % up On the chart I highlighted important levels to watch and book some profits. 1. High possibility that the coin will bounce till 0.0978$ where we can expect bear reaction. So either open short position from that level, but 1st of all check if the markets trend is bearish and if there will be bearish signs on Lower time frames 2. The coin breaks above 0.0978$ and reaches 0.105$ where the probability that sellers will want to lead at that level is very HIGH. So, important to book some profits there too. 3. Very bullish and optimistic scenario is that the coin breaks above 0.1059$, would be perfect to see Weekly close around that level. In this case, the coin can go to the higher prices, for example 0.1167$ etc.
Long
by vazitrades
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 /USDT bullish scenario? 👀 🚀 Algo today analysisParadisers! Buckle up for an exciting opportunity with ALGOUSDT. Currently, it's in a demand zone and looks set to make a bullish move👀 💎Right now, ALGO holding a crucial support level and moving within a specific range. It has faced some resistance from a bearish order block within this range. 💎 Momentum is picking up, and it's likely that the price Algorand of will break through the order block and aim for higher levels. However, if selling pressure kicks in and the price breaks below the support level, it could be a prime shorting opportunity. 💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
Long
by MyCryptoParadise_Simon
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