ALGO has spend very little time at current levels in the past.This is a great buying opportunity. ALGO has spend very little time at these low levels in the past, and we all know how quickly it can move when the buyers come rushing back in. Keep stacking!by MetaShackle5
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!Longby Houseofcryptokings14
ALGO is getting ready to make a BIG MOVE!The chart is indicating that ALGO is getting ready to make a very bid move in the coming months, and imo, is currently on sale at the current price. Enjoy the ride!Longby MetaShackle227
Short Term BreakoutALGO broke out of triagle, upside target is blue line. Idea void if price moves back into pattern. by Thnacks6
ALGO LongAlgo long at a key inflection point with another bullish 886. We look to accumulate on any retraceLongby SynergyTradingSetupsUpdated 229
(ALGO) ALGORANDOne day can make a big difference. The lead lines have changed quite a bit for cryptocurrency based on the losses over the last 24 hours. This image is an update of the same image I posted yesterday with the new and improved lines of the indicator in orange versus the same view of the black lines a person would normally create if they were looking at the chart and trying to place the lines on the graph. The inbetween black line I drew yesterday came true and now the orange line is laying on top of the middle black line. by CryptocurrencyBlot111
(ALGO) algorand "custom indicator example" The black lead lines you see is what you think the graph is telling you based on where the major points on the chart will be found visually; the orange lines is where my custom indicator is telling me the lead lines are found on the chart. See the difference? Drawing the pennants is not always practical. Best to use indicators. by CryptocurrencyBlot1
Inverted H & SBullish pattern , according to school rules, ALGO should retest the orange level TP-0.6500by petarkis7
ALGOUSD Pump of the day! Huge buy opportunity.Algorand (ALGOUSD) is having a huge pump today as it smashed above the 1D MA50 (blue trend-line) for the first time since April 01. This rally has been generated after holding and bouncing on the 1W MA50 (red trend-line) for the 2nd time since January 23. This gives shape to a Channel Up, not so different from the one that led the token to its peak during the previous Cycle. The 1D MACD has just formed a Bullish Cross, indicating that we are still at the very start of the new rally. Our Target is 2.000 (Fibonacci 0.9 retracement level). ------------------------------------------------------------------------------- ** Please LIKE ๐, FOLLOW โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ ๐ ๐ ๐ ๐ ๐ ๐Longby TradingShot32
$Algo #Algorand Algorand EURONEXT:ALGO #Algo Is currently caught between the support at $0.15 range and the now resistance above at the $0.18 range. If we get a follow up pullback with the rest of the market on further war i.e. middle east drama, then I would watch for the next support range to come in at the $0.12 range. I've purposely given you the same chart and layout but on two different time frames to help newer traders coming into this cycle see how different things can look on a daily vs a weekly time frame. I think that this can really help speed up learning for many and to open their minds to variables. As you see the daily can easily in this case look much more instantly bullish and give you the greater feeling of FOMO #Fomo to jump in. Whereas the weekly can give you more of a tactical view and help with your approach being so. Hopefully some of you find this chart helpful during this stressful pullback/flush that I'm aware has really beaten down and or killed many portfolios for traders. I've fallen off on posting/sharing my charts these last few months while I was trading ALOT myself and on multiple platforms and various ideas. However, during these more stressful times I will try and stay more active with updating what community I have. For my birthday without cause or warning X shutdown my larger account @RareBreedOG so I'm starting over fresh with almost no followers now for the algorithm. That being said I would greatly appreciate help with you hitting the like /Follow/share buttons as much as possible if you find these charts helpful at all or even just want to help me rebuild my following after getting Fu**ed by X. For this reason, I don't plan to pay for a checkmark this time around either, but you can all help give me reason to keep sharing and not just leave to other platforms. Everyone stay safe and trade wisely and be careful with leverage in these uncertain times. Biggest goal is to not be liquidated before the real top comes and or worst-case scenario have positions worth holding until the next cycle if we really did just have an early cycle Rare Triple Top. by rarebreed296
ALGO LongAlgo Chart really speaks for itself here. Another long opened today. Longby SynergyTradingSetupsUpdated 9911
Crazy Buy!!! $50 into an old friend.When I was 17, 2 years ago completely new to crypto this is the coin that doubled my money. Today the coin has crashed by 23% so I have bought it and will be holding it!!!Longby Farhadgohar776
Another perspective of the ALGO Cup & Handle pattern.The Cup & Handle pattern in ALGO has broken out, and perfectly retested the rim-line. We could see some incredible price gains in the coming months. Good luck, and always use a stop-loss!Longby MetaShackle4
Algorand To Reach Prior Highs ? If price is able to reach the prior highs that would be a 10x upside from here Longby TradingMula9
$300 bet on Algorand going up by 19% in 7 to 8 days.$300 bet on Algorand going up by 19% in 7 to 8 days. That is a $57 profit in 8 days. Longby Farhadgohar4
ALGO | Stands at Demand ZoneALGOUSDT is retesting its breakout level. It is currently standing at a very good support level. It has immense potential for upside for atleast 50% in near term. Manage your risk accordingly.Longby TradeTrio5
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!Longby MetaShackle6
First Ever Camel Pattern I have identified the first ever camel pattern in the chart, I am dubbing the term Cash Camel Pattern. For all of my Russian speakers,bogatyy verblyud (they wont let me put cyrillic on the english version). I have no price targets, nor do I have any way to trade this technically. After the price action plays out I will update and give my interpretation of this glorious tarding pattern. The pattern is denoted in the purple box with white outline. There is how ever a "vomiting camel pattern," but this seems to be in bearish context. The chart of Algo before us is in bullish contect at this point. by Thnacks5
ALGO waiting for everything to line upWait for the finishing of wave 5 . Then we could see a abc correction to the 0.5 fib. Then we could be at the and of the handle of the cup. Then a beautifull way to the upside. A bigger c&h formed ling time ago with a take profit to the 0.45 so i think we will head there. Longby G1D3onn4
Bullish Algorand IdeaLooking at the weekly chart for Algorand, it's worth paying attention to a developing huge head & shoulders pattern, which usually indicates the market bottom, creating a fresh higher high. Since Algorand peaked back in November 2021, it entered a mean downtrend which lasted for approximately 700 days. We can also see that the market developed a bit of diagonal resistance, and bears followed it all the way down. Now, what we also see is that the market showed significant respect toward the $0.30 zone for approximately 1600 days. Should the bulls take the opportunity to break through the key horizontal resistance and fully develop the H&S pattern, Iโm expecting #Algorand to pump to approximately $0.80, which is a key horizontal resistance previously respected by buyers and sellers.Longby OneIntent_117
ALGO is set up for an EXPLOSIVE move to the upside!ALGO is set up for what I think is going to be an EXPLOSIVE move to the upside. After the cup & handle breakout I predicted came to pass, and a nice retest of the rim-line, which just occurred, I think we are about to experience an EXPLOSIVE Wave 5 to the upside. Buckle up! Good luck, and always use a stop-loss!Longby MetaShackleUpdated 10
ALGO Trade Idea ALGO trading at easy risk management levels here with massive upside. Could be in for a big crypto rally?Longby MindsetTrad3r3