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Algorand / TetherUS

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ALGOUSDT trade ideas

ALGOUSDT Facing a Major Reversal? Bears Ready to Take Over!Yello, Paradisers! Is ALGOUSDT about to take a sharp dive? The price is currently hovering around a key supply zone, struggling to push higher. With buyers failing to break through, the risk of a strong bearish rejection is increasing, signaling a potential short opportunity. 💎The market structure has shown a clear Change of Character (CHoCH), suggesting a shift from an uptrend to a potential downtrend. Price remains below the 50 EMA, reinforcing the bearish momentum. If sellers step in with force, the downside move could accelerate quickly. 💎Key downside targets are forming around 0.2188 and 0.1663, where the next major support zones lie. If the bearish scenario plays out, these levels could be reached sooner than expected. Any failure to reclaim higher levels will only strengthen the case for further declines. This is where patience and discipline pay off. Market traps are everywhere, and only those who stay focused and trade smart will come out on top. Be ready for the move, Paradisers! MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
2
ALGO Completes Bullish Harmonic PatternALGO Completes Bullish Harmonic Pattern ALGO is currently testing a strong support zone that has held steady for about two weeks. From the chart, we can observe that ALGO has repeatedly tested the 0.2600 price zone and successfully bounced back each time. It appears that market participants are determined to prevent the price from falling further. Today, ALGO completed a bullish harmonic pattern, adding more strength to the expected bullish movement from this zone. Key resistance areas are identified near 0.2870, 0.2970, and 0.3060. 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❤️
Long
by KlejdiCuni
1
Is ALGO Finally Bottoming Out? A Massive Move Could Be Coming!Yello, Paradisers! #ALGOUSDT is flashing major reversal signals, and if the pattern plays out, a big move could be on the horizon. Are the bulls finally ready to step in? Let’s break it down! 💎#ALGO has been stuck in an A-B-C correction pattern, with Wave A kicking off the downtrend, Wave B bringing a retracement, and Wave C completing the correction. But here’s where it gets interesting—ALGO is now showing signs of accumulation, hinting that bulls might be gearing up for the next impulsive wave. 💎To confirm the reversal, ALGO must break the $0.33 resistance. If bulls successfully push past this level, momentum could accelerate, sending price toward the descending resistance at $0.37. This is a pivotal breakout level, and clearing it would give bulls the strength to aim for the $0.46–$0.50 resistance zone—the 61.8% Fibonacci retracement, a historically strong level where major reactions tend to happen. 💎On the downside, ALGO has solid support at $0.265–$0.250, a key demand zone that bulls have defended since November 2024. As long as this support holds, the probability of a strong move higher remains intact. Paradisers, as always, patience and precision are key in this market. This isn’t a time for reckless trades—let the levels guide you, trade strategically, and stay disciplined. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
$ALGOI consider two price ranges for the correction floor. The first range is around $0.1977, from which I suspect we might see a temporary bounce, but I believe this price range will not be the end of the price correction. The second range is around $0.1388, where I think we will see the end of the correction and a trend change. If the price reaches around the second range, the market will need a time correction. In the future, based on the events occurring in this dynamic market, a more comprehensive analysis will be provided. For now, my view on the EURONEXT:ALGO currency is as follows. I would be pleased to see your valuable and constructive comments below this analysis. Thank you for taking the time to read this analysis. I hope you have enjoyed it.
Short
by M2it2M
ALGO bullish ideaLooking at the ALGO chart we can see that price has retraced a significant amount of the last pump. Sitting just above a major fib level (786) both on high time frame and low timeframe. Showing possible long ideas if price continues to build bullish price action. Note, need to align with BTC starting a bullish uptrend before having any conviction in any Alts doing likewise. Target for these ideas will be the POC of the overall structure. Profits should be taken in layers (maybe 2-3 before the POC) to mitigate risk of BTC continuing downtrend. Note, manage your risk. Possible for price to drop down to the next support level.
Long
by jod45m
ALGOUSDT SLIGHT BULISHWe are currently in the correction phase of the market. I don’t see any sharp movements at the moment, but a slight bullish movement could occur, as shown on the chart. Targets are marked, but the danger zone and stop loss levels are more important than the targets. Please pay close attention to them. Note: My ideas are not intended for any type of scalping or scalpers! You can find the full list of my ideas here: www.tradingview.com Here are some of my ideas:
Long
by TheMandalor
1
Is ALGORAND going to reach 2.550?Algorand has broken through a key resistance at 0.3300. This signals the start of a new bullish trend on the weekly timeframe. Currently, the price is moving within the buying zone of an Andrews Pitchfork, which presents a potential setup for buyers. The ideal strategy is to wait for a retracement towards the median line before considering long positions. This level often acts as a magnet for price and provides an opportunity to join the trend. The setup could be a great opportunity to ride Algorand’s next wave upward.
Long
by SRA_Trades
2
Algorand (ALGO/USDT) Weekly Analysis / Feb 2024Hmm, looks like ALGO, like most cryptos, is currently at a key decision point. Currently, we are sitting below the 0.382 Fib level, which acted as support some time ago. If bulls defend this zone, we should see another rocket toward the 0.5 and 0.618 Fib levels at 0.53 and 0.82, respectively. 🔹 EMA Structure – ALGO is testing the EMAs, and a bullish cross formation is approaching, which could be a strong bullish signal if confirmed. 🔹 Fib Levels – If we hold this zone and start moving up, the next key resistance lies around 0.53 (0.5 Fib), followed by 0.82 (0.618 Fib). A breakout above 1.55 (0.786 Fib) could trigger a full retracement towards 2.25 (0.886 Fib) and even push us toward new highs, similar to what we've seen with big bro BTC. 🔹 Stoch RSI – Approaching oversold levels, signaling that a reversal could be coming soon if momentum shifts back up. If we see a bounce from here, we could be looking at a strong rally in the coming months. However, if the 0.343 support fails, we might see a deeper correction before any upside move. Let’s see how it works out! 🚀
Long
by Expate
ALGO/USDT: Bearish Setup Incoming🔥 The Bears Are Tightening Their Grip! 🔥 The retracement bounce was a trap, and Fibonacci levels are now acting as solid walls of resistance! 📉 Price tried to reclaim lost ground but got smacked down hard, reinforcing the short bias. The rejection at key levels signals that the sellers are in control—is the next leg down about to begin? 🚨 👀 Will the bears take over, or will the bulls break free? Let’s dive into the setup! 📉👇 🔻 Entry: Break & retest of 0.2809(Conservative). Aggressive entry at current levels if volume increases. 🚨 Stop-Loss (SL): Above 0.2850 - 0.2880, avoiding short squeezes. 🎯 Take-Profit (TP) Targets: TP1: 0.2496 (Major support level). TP2: 0.2438 (Stronger demand zone). 📊 Risk-Reward Ratio (RRR): Aiming for 2:1 or 3:1 RRR for an optimal trade. 🔍 Final Thoughts: ✅ Rising wedge is breaking down – a classic bearish signal. ✅ EMA 55 acting as resistance strengthens the short case. ✅ MACD & RSI show declining momentum, but confirmation is needed. 🚨 Invalidation: If price reclaims 0.2880+, the short setup is invalid. ⚡ Momentum traders—are you shorting this? Let’s discuss! 🔥👇
Short
by BearBullClan
1