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Algorand / TetherUS PERPETUAL CONTRACT

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ALGOUSDT.P trade ideas

I'll Go To The Moon (ALGOUSDT)ALGO has been trading in an ascending broadening wedge pattern since 19th October. In that time it has risen by ~67% and is once again trading above all EMA's. The market is shaky at the moment and any drops in BTC are causing bigger drops in alts, but any increase in BTC is not necessarily increasing alts much. In any case, despite the very recent downward pressure ALGO found support around $0.13 and is looking to push up to the top of the channel for a short-term 20% increase. In the mid-term, if a breakout of the channel occurs we can target the $0.20 range. If there is any major downward pressure, ALGO could fall considerably to $0.10, but that seems unlikely for now. It has been a while since ALGO has shown some strength, now that it has the explosion should be big. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only. Please feel free to leave your comments and thoughts below!
Long
by kush23456
ALGOUSDT"As we enter the bullish season, the initial target to aim for is target : 1.9 🎯. This is based on a combination of technical analysis indicators and market trends. However, it's important to approach trading with caution and adapt to changing market conditions. Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market. Remember to use proper risk management techniques and consider setting profit targets along the way. Happy trading!"
Long
by MKO_Trading
$ALGO Supports And Resistance Zones - TIME TO BUYEURONEXT:ALGO Is an asset I have a lot of history with, Currently, it is trading well below what it realistically should be, considering the overall state of the crypto market right now. In this Chart I have not only added updated support / Resistance and target zones, I have left the previous Levels up that I charted in 2021 The more relevant data to current trades will be the levels established at the lower parts of the chart. Namely, the price points that follow. Here are my levels to watch out for, Here are my recommended options for entry. You can wait for a breakout of resistance zone 1, wait for a breakdown to the support level ($.1230), or enter right now and risk a breakdown while still in the trade. At this level I do believe it is a more beneficial move to either enter now or wait until a break of resistance, I don't necessarily see us dipping to support unless the overall market declines over the next few days. Here are the levels to watch. Set alerts are applicable prices. Support / Entry level: $.1230 Resistance Zone 1: $.1405-$.1520 Target 1: $.2390 +97% Target 2: $.3610 +190% Target 3: $.5070 +320%
Long
by Helios_Capital_Investment
$ALGO in uptrendPatience is going to take your sleep away as you see it slowly moving up. It's already invalidated the downtrend, so even if it goes down a bit, that won't be a concern. Just try not to take a leverage position (not even 2x) as this doesn't have much volume and you will have to suffer in liquidation where the operator can easily play 10-20% up/down with low volume. You can take a Spot entry and leave it as a safe money for later. When I emphasized on patience , I meant that you will see this coin go up or down like 5-30% in a week and that will make a pressure on you to exit with profit. Only those who remain for few months, will be the real hero! Till then Al-goat your ALGO fam! I will be back soon.
Long
by helloanurag
ALGO/USDT A Bullish Horizon Beckons? 👀 🚀 Algo Today analysis💎Paradisers, ALGOUSDT is currently on the radar with its intriguing behavior, having faced rejection at a resistance level but showing signs that it might surge past it in a bullish manner soon. 💎 Historical patterns have shown that when supply zones transform into demand zones, ALGOUSDT tends to ascend. Although it faced a setback at the resistance level of .11563, the momentum seems to be regaining, hinting at a heightened likelihood of breaching the resistance. 💎 Notably, the price has maintained a stance above the previous low, which supports the bullish outlook. Another scenario to consider is a potential bullish push from the demand zone at .10594. However, a drop below this zone could signal a bearish turn. 💎 While some traders, particularly newcomers, may be initiating long positions, it's crucial to maintain a strategic edge and remain alert to all market movements.
Long
by MyCryptoParadise
ALGO's BEAR TRAP: Pump in the Process?Algorand (ALGO) has orchestrated a fascinating move that has caught the attention of traders and investors alike. It appears to have fallen below a key support level, but could this be a cleverly designed bear trap? Many speculate that a pump might be on the horizon. Let's dive into this intriguing market development. 📈💥 The Fall Below Support: ALGO recently breached a key support level, causing some concern among traders. However, in the world of crypto, not everything is as it seems. A Potential Bear Trap: While the drop may look ominous, it has all the hallmarks of a bear trap. This deceptive move is designed to lure in short-sellers who anticipate further decline, only to spring a surprise pump. The Pump in Waiting: ALGO's setup suggests that a pump might be in the making. The bear trap could be the trigger for a swift and substantial price surge. Trading Strategy: Vigilance: Keep a close eye on ALGO's price action, especially in the wake of the support breach. Risk Management: Maintain sound risk management practices to protect your investments in the volatile crypto market. Stay Informed: Stay updated with the latest news and developments related to ALGO that could influence its price movements. Conclusion: The crypto market is filled with clever maneuvers, and ALGO's recent move could be one of them. A bear trap, if that's what it is, often leads to a rapid and powerful reversal. As you navigate these market intricacies, remember that vigilance is key. Be prepared for unexpected turns, and may your trades lead to success. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
Algorand Price Surges Above Exponential Moving Average 200! Algorand (ALGO) has soared above its Exponential Moving Average 200 (EMA200), hinting at a remarkably bullish run! For those of you who relish the excitement of trading in fast-paced markets, this exhilarating development presents an unmissable chance to capitalize on the strong upward momentum of ALGO. The fact that it has surged beyond its EMA200 signifies a significant shift in its overall trend, indicating the potential for substantial gains in the near future. Now, you might be wondering, "Why should I long Algorand?" Well, the reasons to do so are plentiful. The recent breakthrough above EMA200 showcases the cryptocurrency's resilience and solidifies its position as a growing force in the market. Furthermore, Algorand's cutting-edge blockchain technology, combined with its ability to handle high transaction volumes with minimal fees and superb scalability, has garnered widespread attention and acclaim within the crypto community. It is worth noting that Algorand's dedicated team of visionaries and prominent partnerships add further credibility and potential to this digital asset. So, fellow traders, let's seize this exhilarating opportunity and consider initiating a long position on Algorand (ALGO) today. With the price soaring above its EMA200, it's an exciting moment to ride the upward wave and potentially secure significant profits. Don't miss out on the action! As we navigate the fast-paced world of cryptocurrency trading, remember to stay informed, set stop-loss orders for risk management, and always trade responsibly. May each trade bring you adventure and success! To embark on this exciting journey with Algorand, act now and place your long position. Get ready to ride the waves of profit! Call-to-Action: Take advantage of Algorand's surge above its EMA200 and seize the opportunity to long ALGO today! Place your trade and enter the thrilling world of potential profit now. Don't delay, act today!
Long
by bryandowningqln
$ALGO Mark up phase beginsALGO is trying to reclaim the c19 lows here. This is typically the first sign of the reversal, sweeping the lows, and then rejecting the continuation lower. From here you would expect to retest .23 cents illustrated by the golden bubble, which also shows a correlation between this level and .41 cents, with some chop inbetween. The next range we would want to pay attention to is the first purple range. Historically, if support is found here, we would expect a continuation to bring us to the purple range above it at around .66 cents, which is also the .618 retrace, and a local 1.618 ext. Above that, an extension a degree up would bring you to 1.27, and the purple zone at about 1.58. Following the levels on these reversals is important, and even more important is paying attention to the way price moves between them, and ignoring the static. The spaces in between are used to chop you up and wont neccessarily be so clear cut. Im not forecasting expectations, just the path in which a reversal is most likely to unfold and mathematically based extensions / retracements of the data we do have. This idea is supported by all momentum oscillators including ADX, BBWP, RSI and Money flow. All of which, suggest that we are in the very early stages of a major impulsive move upward.
Long
by TradingNomadic
2
ALGOUSD bull thesisafter almost two years of downtrend, for the first time the trendline has been breached. This is one of my favorite bull setups, because its easy to spot and only requires a lot of patience. no one knows how high this can get. but i assume a 5-19x is possible depending how crazy crypto will get pre halving. also not sure if this already qualifies as a dinosaur coin so there might be less interest by newcomers in the market to trade this coin. for the record, i'm just papertrading this. buy at your own risk.
Long
by Crypto_Haddock
ALGO BULLS TO TAKE OVERHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. What's next on ALGO. As we can see price is still sitting around our all-time low adding on around a strong round number, where we will be looking for new longs as well. Meanwhile, for the bulls to take over from a medium-term perspective, we need a break above the marked major swing high, then a movement higher would be expected as a shift in momentum from bearish to bullish. Until that price is still overall bearish and price can still trade lower and lower. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
2
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