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Algorand / TetherUS PERPETUAL CONTRACT

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ALGOUSDT.P trade ideas

ALGO is in a downtrend and oversoldALGO's current price is 0.2070, below the 0.2938 Fibonacci retracement level, indicating that the asset is a downtrend. Additionally, the RSI is at 30.95, below the 50 level, meaning that the asset is oversold. The upper Bollinger band on the daily timeframe is currently at 0.2950, while the lower Bollinger band is at 0.2063, indicating a wide range for potential price movements. The middle Bollinger band, at 0.2506, represents the 20-day moving average and is currently acting as a resistance level for the asset's price. The volume oscillator is at -6.30%, which indicates a decrease in trading volume. The MACD is currently at -0.0104, below the signal line, showing bearish momentum. The stochastic oscillator, at 2.41, is below the oversold level of 20, indicating that the asset is oversold. It's worth noting that the Algorand Foundation has recently issued an action statement on a security exploit, which could impact the asset's price in the short term. Traders and investors should monitor the situation closely to determine if further action is necessary. Overall, ALGO is in a downtrend and oversold, with a wide range of potential price movements. Traders and investors should exercise caution and closely monitor the situation to determine if further action is necessary.
by MonoCoinSignal
3
ALGO LONGHI traders, I hope that you are all killing the markets and I reassure you that you can absolutely under no circumstances follow my ideas and consider that to be sound financial advice, I am a novice and aggressive trader and I like to have all of my capital at work at any one time, as such the ideal position for me to be in is for my small account to be 100% committed to limit orders at any one time, this morning I closed a position for a close to 2:1 profit at 30x (+ 6% on my account in less than a week). so now since I've took profit I need to reinvest the capital immediately to continue with my aggressive strategy. I'm going in on ALGO Long just before it gets to the phycological number 2. I'm going in aggressive with 3.5% value of my account at 30x, so I can be 3% wrong and get liquidated or 3% right and add a small but significant % to the value of my account. I like to take profits manually when I see an acceptable profit. I want to be in and out of this trade by the end of the week. Let me know what you think Cheers Shaun
Long
by Shaun_Parker
3
$algo - dino coin yet?Sl .2243 if you fancy, longing this bubba has reclaimed the yellow line in confluence with the pink line reclaim which is a short term trend indicator for me i thought this would continue to .34 at the least this run so assuming we reverse from here that would be my next target just stating that so you can calculate your risk reward even if we go to the yellow line above risk is teeny so going to give it a go .. ps: all these prices will be a dream in the near future hopefully not a nightmare:)
Long
by CompoundingGain
ALGO/USDT Double Bottom spottedHey, guys ✌️ Let's take a peek at ALGO coin here. This one formed a nice double bottom formation where we see a good chance for a breakout of that neckline zone. Breaking neckline zone (which is also near 100EMA) we will most likely go towards $0.248 zone with some possibilities of light pullbacks 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.
Long
by SwallowPremium
To turn into an uptrendHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOBTC 1W chart) There is no power of ascension itself. So, after March 13th, we need to see if it can rise above the downtrend line and rise above 0.0000 1448. In order to dissipate the rising power, it must rise above 0.0000 1970 ~ 0.0000 2886. Therefore, it is expected that the price should be maintained above 0.0000 1448 to start gaining momentum. -------------------------------------------------- -- (ALGOUSDT 1D chart) It is showing a move to break out of the mid- to long-term downtrend. However, in order to turn into an uptrend, the price must be maintained above 0.3091-0.3557. If it fails to do so and falls below the downtrend line, be cautious as there is a possibility of renewing lows. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2