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ALGOUSD trade ideas

Inverse head and shoulders and golden cross on algorandMuch like litecoin’s current setup, algorand is also in the midst of completing the right shoulder of its inverse head and shoulders pattern as a golden cross is set to occur in the next 2 -4 daily candles. Hopefully the golden cross on both algorand and litecoin provide the same bullish momentum we’ve seen it already provide xlm, solana, and the total chart, if so we should see the price action break above the enckline of this inverse head ad shoulders pattern not long after. I’ll link the litecoin chart down below for easy access to compare the similarities between these two charts. *not financial advice*
COINBASE:ALGOUSD
by DrDovetail
Hey Trading Fam! ALGO at a Pivotal Moment – What’s Next?Hey trading family, let’s break this one down. Algorand (ALGO) looks ready for a potential move up to $0.26. From there, we could see a correction, but how deep could it go? Here’s what we’re watching: Scenario 1: A correction could take us back down to levels like $0.21 or even as low as $0.15 – stay sharp! Scenario 2: If $0.26 doesn’t hold as resistance, we could break higher and run all the way up to $0.42. This setup is worth watching closely. What’s your move here? Let’s trade smart and adapt to what the market gives us. Like, comment, and share your thoughts below to keep the conversation going! Got questions or your own analysis? Send me a DM – let’s connect. Mindbloome Trading // Kris Trade What You See.
KRAKEN:ALGOUSDLong
by Mindbloome-Trading
Buying an Algorand to trade on the spot market.#ALGOUSDT There are many factors that indicate the possibility of buying: 1. The strength index suggests that a rebound is possible in the short term. 2. We have already seen a complete bearish correction of A, B and C. 3. According to technical analysis, we have reached the bottom zone. 4. At the moment, the first and second waves have formed, and a long third wave is expected to follow. However, the target ($0.6495) can be reached by both the third and fifth waves. Good luck to you! Please note that these are just my expectations. There is no financial or investment advice here. All of the above information is provided for informational purposes only.
BINANCE:ALGOUSD
by A_R_T_vs_A_R_T
ALGO and 1068% ROI?Algorand (ALGO) is one of my favourite coins which I choose to invest in. I like this project because they have a lot of partnership with all kind of companys. On their page you can find various real estate projects, FIFA announced that ALGO is their blockchain partner for upcoming events, they are taking part in Esports etc. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4 and 5 very soon, that could be year(s). I will sell most of my capital on targets 3,4 and 5. Small portion will be sold on Target 1 and 2. Entry Zone: 0.27 – 0.34 Buy Zone 1: 0.17 – 0.20 Target 1: 0.70 – 0.76 (106%) Target 2: 0.97 – 1.03 (184%) Target 3: 1.64 – 1.77 (377%) Target 4: 2.76 – 2.91 (703%) Target 5: 4.02– 4.23 (1068%)
BINANCE:ALGOUSDLong
by Abmoon
4
ALGO Technical Analysis: Key Levels to Watch in 2024-2025 Algorand (ALGO) is a promising project known for its efficient management of scalability, security, and decentralization. The long-term success of ALGO depends on broader adoption and leveraging its distinct features in the competitive blockchain market. Currently, ALGOUSD is holding a Weak Support at the $0.119 support level, presenting a potential for significant gains. If this support level holds, we might see a bullish move. However, if this support breaks, the next strong support and bottom lie near $0.086. A bounce is expected from this level due to some upcoming positive events and the potential approval of ETH ETFs. Historically, we have seen altcoin rallies following such approvals. ALGOUSD was listed on June 17, 2019, and experienced a significant rally between March 30, 2020, and November 27, 2021, during the 2021 bull market. According to Bitcoin's historical patterns, a bull market tends to occur every four years. We anticipate increased market volatility in Q4 2024 and Q1 2025, similar to the 2021 bull market for ALGO. Our calculated targets for ALGO's bull run suggest a minimum target of $1.57. If this resistance flips by Q4 2024 or January 2025, we could see a maximum target of $3.44. It's crucial to monitor support and resistance zones to keep the trade active. Remember to exit long positions by April or August 11, 2025, as the bull run and alt season are expected to end during this period. For more analysis like this, follow us on TradingView to stay updated with our latest ideas and take advantage of our insights. Kindly share this idea with your friends and family to maximize profits. Don't forget to comment below and give a like. Thanks!
CRYPTO:ALGOUSDLong
by Houseofcryptokings