Higher lowPossible Higher low in the making on weekly, atleast a dump,
Now we need news, somekind of war story
ALGOUSDT.P trade ideas
ALGO/USDTI am very bullish based on the chart and the news that will come about algos during the European Championship
ALGORAND/USDT Possible trend reversalIt looks like Algorand will go up after a long sideways trend. This is evidenced by the volumes and consolidation after recent major purchases. Without further ado, a breakout of the lower line means greater downside potential, and a breakout of the upper line means potential upside. Algorand is currently at a great price to risk a larger purchase, I don't expect it to fall much lower, and you can also hold it and multiply it using stacking. In my opinion, 0.17 is a great price for this coin, and we have the potential to increase up to $1 in a short period of time.
ALGO can grow more after the triangle breakoutALGO can grow more after the triangle breakout
From our previous analysis ALGO reached two of the targets.
SO far the price completed a bullish triangle and already broke out during the BTC bullish wave.
The pattern looks really good and this breakout is showing for the presence of the bulls joining the market.
ALGO may rise up to 0.200 and 0.2100 as shown in the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
ALGOUSDT - harmonic patternhi Traders,
ALGOUSDT looks similar to many altcoins.
Potential harmonic pattern forming. Bearish bat pattern.
Price is in the low-risk area so it's still a good time to buy ALGO now.
Target: 0.30$ - 0,31$
Expecting this move to occur within the next couple of weeks.
Good luck
ALGO: Bullish Bat PatternALGO: Bullish Bat Pattern
Algo completed a bullish BAT pattern signaling a possible correction or a change in trend.
What is important is that in both ways the pattern is signaling for a possible bullish wave.
Considering that the price reacted perfectly after the pattern was completed this is adding the chances for a clear bullish movement.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
ALGOUSDT 1WAccumulate some #ALGO. The inverse Head & Shoulder pattern is still valid on the weekly chart. Targets are:
$0.2689
$0.2920
$0.3271
$0.4752
$0.5949
$0.7145
ALGOUSDT - Looks for Reversal and Entry Plan Stretegy
1) Bearish trendline is broken
2) Bullish Divergence has broken.
3) Break LH and made new HH
Entry Plan Strategy : If Price move above 0.183 and break this range price, we can expect another HH
ALGO/USDT Gathering Momentum to Breach Descending Resistance👀🚀💎Paradisers, a golden opportunity is knocking with #Algorand! Currently, there's a significant chance for a bullish reversal from the pivotal support at $0.1563. If #ALGO can hold steady at this level, it may signal the beginning of a bullish surge, potentially breaking through the descending resistance to reach our projected strong resistance area.
💎If #Algorand fails to rise from the $0.1563 support and instead dips below, we could be seeing the start of a more extended downtrend. The next essential demand zone at $0.145 has historically triggered notable bullish reactions due to substantial trading volume and liquidity.
💎If #ALGO tests this demand zone once more, it’s imperative that it recovers. Failure to do so could amplify bearish trends and sour market sentiment, potentially pushing prices down even further.
💎Stay sharp and agile, Paradisers. The current market conditions for #ALGO demand our attention and readiness to pivot strategies swiftly.
ALGO: Approaching ResistanceTrade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now approaching a stiff resistance area: horizontal resistance of $0.20 and 200-day Moving Average. If it breaks above that, it would signal resumption of uptrend and upside potential to $0.25.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.20, then $0.25 and $0.30.
ALGOUSD 1WALGO ~ 1W
#ALGO Forming a H&S Pattern on a 1W Time Frame. It's quite interesting to place small purchases here, with a target of at least 20%+
ALGO: Channel Down BreakoutTrade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now retesting that breakout level. If successful, price could revisit $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.20, then $0.25 and $0.30.
ALGO Stuck in the rangeALGORAND is stuck in this range after a weak break abive the main bearish trendline. Range can be good, because usually is an accumulation zone. We just need to wait for a break above this range to see a pump till the local top that is the first resistance zone
ALGO: Channel Down BreakoutTrade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now retesting that breakout level. If successful, price could revisit $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.20, then $0.25 and $0.30.
ALGO USDT - Bearish Sentiments and chart is not looking goodALGO is forming a bearish flag and also if we use ABCD pattern, I can see that this pair is in downward trend.
Key levels are defined and the price is in downward trend.
ALGO: Channel Down BreakoutTrade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern and back above that 200-day MA to signal trend reversal to Uptrend. Near-term upside potential to $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.20, then $0.25 and $0.30.
ALGOUSDT - Inverse Head and Shoulders in the Making on WeeklyEnter on 3D close above 0.3 $. (Inverse H&S Breakout)
Invalidation at 3D close below 0.15 $
Take profit 1 & 2 on chart @ marked Fib-levels.
Trade safely and with a proper risk management.
Bunch of targetsAll Htf rsi is bearish
Just waiting 4 news whats the cause
of dump
Bunch of imbs down there
I'll let you know the direction of ALGO.Hello, my friends. Nice to meet you all
It's going from BEARISH EXTENDED WAVE to BULLISH EXTENDED WAVE.
We expect to break out the upper line of BULLISH WXTENDED WAVE with strong support from ZONE.
Take CAUTION with these ALTS : ALGO, LTC, XRP, HBARIt's time to review which altcoins showed sign s of strength during the recent new Bitcoin All Time High (ATH) ... and which showed no strength.
Together with the failed breakout we observe on Algorand, THESE altcoins didn't fare much better. There are a few more, but let's focus on these alts for today:
What we're comparing this chart to, is the obvious increase we have seen on BTC (new ATH) and the following increases across other altcoin markets:
During the previous cycles; we often saw the altcoin market rally a week or two AFTER a new BTC peak.
From this, we can determine that most of the bigger altcoins (by market cap) should have rallied by now. In conclusion; we need to re-evaluate the fundamental arguments for these alts - why were they not able to show signs of strength like other alts? Why were the sellers so overwhelming compared to other alts?
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BINANCE:ALGOUSDT COINBASE:BTCUSD BINANCE:XRPUSDT BINANCE:LTCUSD.P BINANCE:UNIUSDT BYBIT:HBARUSDT
📈Insightful Analysis: ALGO Coin's Potential Moves🔥🔍Let's dive into today's market analysis. Compared to yesterday, the market hasn't made any significant moves, prompting us to zoom in on the daily timeframe for a broader perspective. Today, our focus is on ALGO coin, presenting intriguing opportunities for both short and long positions. Let's dissect the price action to identify optimal entry points for futures and spot positions.
💎First and foremost, let's analyze the candlesticks. Candlesticks serve as the primary market data, providing invaluable insights into market behavior. While indicators such as RSI offer secondary derivations, they serve as confirmatory tools rather than primary signals for entry. Hence, our strategy hinges on understanding and interpreting candlestick patterns to gauge market sentiment effectively.
📈ALGO coin embarked on its bullish journey since September 2023, displaying sharp and oscillating upward movements, eventually reaching the resistance at $0.3196. Along this trajectory, it established robust support at $0.1591, acting as a pivotal level amid market corrections. The resilience of such key supports signifies market strength, yet a breach serves as a potent confirmation of trend reversal, albeit a challenging feat due to strong buy-side pressure.
📉Now, onto strategy. For short positions, a break below the central RSI line at 50, coupled with a significant candle confirmation, presents an opportune entry point. Setting stop-loss below $0.1591 ensures prudent risk management, while potential targets include $0.1305 and $0.1055, reflecting downside potentials. Conversely, for long positions, a break above $0.2113 serves as a trigger, with subsequent targets at $0.3196 and beyond, provided strong candle confirmation.
🛒As for spot positions, holders may consider liquidating upon daily candle closure below $0.1591, ensuring capital preservation. Alternatively, reducing exposure to initial investment while retaining potential upside allows for flexibility amid market uncertainties. For those seeking entry, a break below the ascending trendline, followed by a confirming candle, provides a compelling opportunity, with $0.1591 as a viable stop-loss level.
📝In conclusion, ALGO coin presents intriguing prospects for both short and long positions, contingent upon meticulous risk management and strategic entry execution. The market awaits, ripe with opportunities for those who dare to seize them.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
#ALGO/USDT#ALGO
The price is moving in a bearish channel pattern on the 4-hour frame and sticking to it well
The price rebounded well from the lower border of the channel at the green support level of 0.160
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price 0.1700
The first goal is 0.1970
The second target is 0.2125
The third goal is 0.2338
