Algorand longAlgorand bounced off the ascending trendline. Asset broke through the descending trendline. Bullish movement to resistance level at 0.26 is possible.
ALGOUSDT.P trade ideas
Couple possibilitysIf price goes to 0.255 and breaks structure the price can fall back down to 0.2434 zone, from there it can find bullish order block and go back to the top of the triangle,
or then 0.2434 doesn't hold and price can go down to get more liquidity creating this "measured move M pattern"?
OORR price just blast thru the triangle roof and keeps on trucking to 0.27 zone :D
ALGO/USDT.
BitVero Crypto Academy.
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Algo usdt Long PoistionALGO USDT is breaking out an important resistance.
tp 1:0.2814
tp2:0.2958
tp3:0.3054
tp4:0.3202
sl:0.231
ALGO/USDT Cut & Handle spotted Hello guys
Another one one our watchlist is ALGO/USDT pair. As on THETA this one also has formed our favourite pattern which is "Cup & Handle" pattern. This pattern has been working out nicely for us so let's see if ALGO can secure the price above the neckline which would lear the price of ALGO to go towards EMA100 and possibly EMA200.
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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.
ALGOUSD: RSI Head and Shoulders After Amazing Bat PerformanceAlgo has a Bearish Head and Shoulders and the RSI and is Bearishly Diverging on the MACD after giving us a some great performance off the Bullish Bat and 61.8% area. Now i will be looking for this to come back down to settle within range.
ALGOUSDT | BULLISH PATTERNALGO has been trading at very important level.
The price after hit a bottom at 0.1600 has been trading in a bullish trend .
The price has printed cup and handle formation.
The price has already broken above the handle of cup.
The bulls are in control.
Manage your trades accordingly
ALGO TO 0.36Algo looks bullish on 4 hour upwards
This should run to 0.36 short to mid term
Once it escapes from that previous range this should be a multi bagger
Legit scalable chain
GRI 2023
NOT TARDING ADVICE
ALGO a Safe Play!? ALGO seeks to build on similar projects like Ethereum by improving scalability, security, and reducing the amount of time it takes for transactions on the network to be considered “final.”
Developers can use Algorand to create decentralized applications — for loans, decentralized trading, and many other uses — that can take advantage of fast, low-cost transaction processing while scaling to a large number of users.
With a reward of over 6% currently on Coinbase and 72% of supply now released ALGO is in a strong position to steadily climb to new Heights. Algo looks like a safe play in the coming Bull!
IMO ALGO has bottomed and a reversal is underway!
Algoland long scalpIt seems that the resistance has been broken we can take profit on the price of 0.22
Algorand: Potential Bullish Bat at 61.8% RetraceAlgorand has just hit the lows pretty hard and is now trading at the Lo-AWR and looks to be exiting the local consolidation trend at the lows soon. At the sametime we have a SMall Local Bullish Bat whos PCZ lands at the 61.8% retrace from the swing low to swing high. This particular Bat here is not the most grounded bat but i think it's worth considering and will be targeting the highend of the range.
Algorand shortAlgorand bounced off the resistance level. Asset broke trough off the ascending trendline. Bearish movement to support level at 0.205 is possible.
ALGO looks to be setting up for another breakout!ALGO has been on a pretty good run for the past week or so, and it looks like it may be setting up for the next leg up. If ALGO breaks the .238 level we could see a pretty good run over the next few days.
Algorand $ALGO - $0.30 Incoming?Stochastic RSI looks cooked on this daily chart but money flow and price continue to move up. Could we see 30 cent $ALGO soon?
ALGOUSDT...Fake or Break?BINANCE:ALGOUSDT
#ALGO....just look at the chart, what do you see?
it's movin up, made a fake breakout, retraced, and now trying another shot?
is it fake or break?
LOOK AT THE CHART!!!!!
#STOP_BEING_POOR
ALGO/USDT long my entry position Entry : 0.32-0.33
T1: 0.3490
T2: 0.3578
T: 0.3786
Stop loss : 0.324
ALGO Waiting ✋for complete pattern ☕🖐☕Hi dear traders
As you saw in previous analysis we take profit 📈full target ✅
After climbing 19.54%, the price is now correcting.
If it stays above 0.1717, it will correct around 9.63%.
Now it's seems Cup and Handel forming.
The cup pattern is formed and we are waiting for the formation of the handle.
If the pattern is confirmed, the price can climb up to the resistance area of 0.2126.
We have to wait for the market's reaction.
If BTC rises, altcoins will also start to rise.
ALGO is unpredictable, but we can take a good swing and earn profit in both the bearish and bullish cases.
Waiting for breakout and pullback completed for long position.
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Algorand shortAlgorand broke trough off the lower boundary of ascending channel. Bearish movement to support level at 0.1815 is expected to happen.
Algorand (ALGO) to $2On the above 5-day chart price action has corrected over 90% since the beautiful sell signal (not shown) on September 2021 @ $2.40. Now is an excellent long moment. Why?
1) A strong buy signal (not shown).
2) Price action is printing as support on past resistance, look left.
3) Regular bullish divergence. Lots of it. Do not ignore.
4) Dragonfly DOJI candle.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: 10x
ALGO/USDT breaking out!ALGORAND is currently busy to break the bullish pennant structure. after a breakout we can take profit at the 3 boxes I have drawn in
ALGOUSDT - Long by Supertrend, ADX & MA 1/10/20231. ADX INDICATOR: 1h & 4h timeframe have a strong strength for open trade.
- ADX smoothing: 14.
- DI length: 14.
- ADX STRONG > 25.
2. SUPERTREND INDICATOR:
- Long trend when closes candle is above the green line.
3. MOVING AVERAGE INDICATOR:50
- Long trend when closes candle is above MA line.
- BUY/LONG: reject to Supertrend at current timeframe.
Homework ALGO STRATAneed to work more on it
Market Cap:
875.79 B USD
3.24%
24h Volume:
1.47 T USD
1.84%
BTC Dominance:
37.92%
