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Algorand / TetherUS PERPETUAL CONTRACT

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ALGOUSDT.P trade ideas

My Algorand Bull ThesisBullish RSI Divergence: since June 23rd, about 70 days the RSI has been gaining strength since a mayor sell off, while the price continues to decline. Divergence also showing up on 4hr, 1hr. In my humble analysis I would argue Algorand is severely oversold at this point. New All Time Low: Price is currently 0.0971 Major Falling Wedge! Down about -45% in last 100 days. Down roughly -96% since start of bear market 200-Day Moving Average 0.17 Before The bear market started Algo was trading around 2 dollars, respectively. If crypto currency markets reach previous all time highs which is likely to happen one day, that's about 2,200% gain.
by FantomHoldings
ALGO/USDT Potential start of Downfall! Hey traders 👋 Let's take a peek at ALGO coin where we see a nice rejection to take place on current resistance zone. We are keeping an eye on this one for sure! What do you think of this guys? Will we continue to follow the path of rejection? If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowPremium
4
ALGO/USDT where now? Hey traders 👋 Let's get ready for upcoming week with ALGO coin as a starter of the day. Well from last time we had a nice 6% of movement here but now price seems to struggle to show a strong breakdown and rather is going for some bullish movement here! We have displayed all zones we are watching on this one so what do you think guys, which way from here? If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
by SwallowPremium
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 Buy ShotHello Traders! Welcome back to another trade analysis with analyst Aadil1000x. Today we are Buying Algo as the market is turning bullish for ALGO. ALGO Buy now @ 0.1124 Stoploss 0.1090(-2.9%) Target 1, 0.1154(+2.74%) Final Target 0.1196(+6.5%) Our strategy for trading involves utilizing the Breakout method and incorporating several Indicators to guide our decision-making. Tolls/Indicators that we are using. >Directional Trendline >Entry SMA 6 vs EMA 6 Cross, RSI(11 RSI length above 6 MA), Green Bullish candle in 4hr. >Strength Volume Indicator >Exit/Target strategy A1000x TR point Strategy >On Impact LaRSI Don't forget to hit the like button and follow to stay connected.
Long
by Aadil1000x
2
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
ALGOUSDT time to fly?ALGOUSDT is currently testing the $0.11 area, which could be a significant price level based on historical price action. Additionally, the price is contained within a Falling Wedge pattern. Falling Wedges are bullish reversal patterns characterized by converging trendlines, with the upper trendline sloping downward more gently than the lower trendline. These patterns often indicate a potential bullish breakout. Breakout Signal: You've indicated that a breakout above the $0.11 level is considered a trigger for a new long position. A breakout occurs when the price convincingly moves above a key resistance level, suggesting a potential shift in market sentiment from bearish to bullish. New Long Position: In accordance with your analysis, a "new long" position would involve buying ALGOUSDT with the expectation that its price will rise after the breakout. This aligns with the potential bullish momentum indicated by the Falling Wedge pattern. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
6