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Algorand / TetherUS PERPETUAL CONTRACT

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ALGOUSDT.P trade ideas

Algo pump before World Cup in Qatar?BINANCE:ALGOUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Algo is official partner FIFA, and in next month we will see major football event last 6 years. And its first time we will see World Cup championship in Qatar and in autumn (before it always was in June) The idea is, hype around Algo and coins like CHZ bring a lot of attention to this coin. Possible Targets and explanation ➡️Since January step by step big players accumulate ALGO (you can see on Direction indicator) ➡️We trade in -0.27 zone by fib ➡️More than 230 Days in accumulation phase ➡️Got a not strong but first signal to buy on D1 timeframe ➡️Marked first possible target to take profit. ➡️Daily downtrend line retested. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
6
Algorand (ALGO) - October 18Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether it can rise above the 0.3310-0.4253 section. (1D chart) The key is whether it can be supported by rising above the 0.3310-0.3425 section. In order to continue the uptrend, it must rise above the 0.3722-0.3938 section. If it goes down, you should check to see if it finds support at the 0.2865-0.3091 zone. The 0.3310 point or lower is most likely a mid- to long-term investment area. Therefore, it is important to keep the price above 0.3310. However, since the volume profile section is formed around 0.4253, it is recommended to trade from a short-term perspective until it rises above 0.4253. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
ALGOUSDT Neutral Sideways Channel EmergingTrade setup: False breakout from Sideways Channel ($0.25-$0.35) as price has fallen back under $0.35 and into that sideways trading pattern. (set a price alert). Trend: Neutral on Medium-Term basis and Downtrend on Short- and Long-Term basis. Momentum is Bearish ( MACD Line is below MACD Signal Line, and RSI is below 45). OBV (On Balance Volume): Is declining, indicating that volume on Up days is lower than volume on Down days. Hence, demand (buyers) is below supply (sellers). Support and Resistance: Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.35, then $0.50 and $0.70.
by Cryptbergofficial
ALGO - AnalysisALGO had a price drop last week. After hitting the resistance range of $0.367-0.380, its price reacted negatively. The bullish corner pattern seen on the chart has been broken to the downside, and with the pattern confirmed, the price has continued down to the $0.335 range. Support in the $0.32-$0.34 range could be the first target for sellers. The price has reacted positively by dealing with this range. But the RSI indicator shows completely negative momentum. To get bullish again, buyers need to break the dynamic resistance to the upside and stabilize the price above the $0.34 range. In this case, we can expect the price to grow again after the pullback to the trend line. But if the current support is broken with a strong daily candle, further declines could continue to the $0.30 range.
by MonoCoinSignal
10