ALGOUSDT trade ideas
ALGOUSDTI expect Algorand in the range of $0.4-0.6.Head and Shoulders is an effective reversal pattern.
AlgoUsdt is bullish and prices are looking to go upwardsHI everyone,
The old coins are finally shifting trends.
Algorand is one of them
The charts are looking positive
Inverse head and shoulders formation underway
12/26 Ema are bullish and pointing upwards
Price crossed 100 ema and will act as support
I am expecting .65 Cents to .70 cents target
On rsi indicator, the rsi line successfully retested previous trend line as support and momentum will take rsi to overbought level if momentum keep coming
Please like and subscribe as more charts are coming and more opportunities are presenting itself
algo inteligentassetBullish scenario
resistances 0.235,0.27 pivot high, 0.285,
0.32 in 800 ema
bearish scenario
supports 0.167 upper limit channel, 0.149 pivot low, 0.123, 0.0958
ALGO'S Cup & Handle pattern is nearing maturity!ALGO has been forming a nice cup & handle formation for quite some time now, as I've mentioned in my previous posts in the previous weeks. The handle is nearly complete, and I have a feeling that when the price breaks out above the rim-line... it's going to be EXPLOSIVE!
Good luck, and always use a stop!
ALGO: Falling Wedge BreakoutTrade setup : Bullish breakout from a Channel Down pattern was confirmed by a break above $0.17 key level. Price could swing up +20% to $0.20 near term. Stop Loss at $0.15 (just below the next support).
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.17 (previous resistance), then $0.15. The nearest Resistance Zone is $0.20, then $0.24.
WavesRolling rolling roling
Rawhide
Daily rsi iw on bull side but might turnout to be just a pullback
So more consolidation to get the weekly into the play?
WeekendTie is tight already
Whats next
Btc seems mscro bullish but in that scale a lot can n will happen
Scalp
TP
Algorand & McDonald's Pattern Up Next
No need to comment further. Mcdonald's time-tested pattern FTW!
This is NOT FINANCIAL ADVICE
Algorand(ALGO): Good Time To Buy?Algorand seems to be having a pretty decent bounce from the daily 200EMA, which can be a start to a good potential upward movement here.
We are looking for those upper target zones as long as we are above 200 EMA; upon breaking the 200 EMA, we will most likely see a sharp movement to the lower zones!
Swallow Team
ALGO LONG ANALYZE 1H Hello dear traders
In ALGO currency, there is a suitable area for buying in the 1-hour time frame
Pay attention that the price must reach the specified area and if the price rises at first and forms a new ceiling, this analysis will lose its credibility.
The profit limit is specified in the chart and include the loss limit according to the transaction with your own style.
I hope it was useful for you
Be happy and profitable.
ALGO is setting up for a MASSIVE move!Why everyone is distracted with the Bitcoin ETF, that's been a complete disappointment so far, and XRP, which has been a perpetual disappointment for quite some time now, ALGO is setting up for a move that's going to leave cheap prices in the rear view mirror!
ALGO'S structure has the potential to make incredible gains, in a short amount of time. Here's a couple potential paths that could come to fruition in the coming weeks.
ALGO is my 2nd largest, long-term holding, and I'll be adding to it as opportunity presents itself in the coming days/weeks. ALGO is gonna fly!
Good luck! And always use a stop.
ALGOUSDT is wating youTrend was breakout. Price action is forming H&S pattern.
Correction to the 0.618 is good price for entry
RR - 1:6
ALGORAND Reversal? ALGOAlgorand has been on a steady decline since the top of the last bullmarket and now looks like it wants to reverse.
$0.50 cents short term target.
NFA
ALGO/USDT | Algorand |1D 👀1. Altcoins are experiencing significant overselling. While this may not mark the definitive bottom for them, there's a risk of missing out on it entirely. Thus, it's recommended to allocate 30-50-70% of the designated funds for altcoins to make purchases.
2. ALGO shows promise for an upward movement. Presently, Algorand appears to be undergoing a correction before its next potential surge. Keep a close eye on it.
- Not financial advice, trade with caution.
✅ Stay updated on market news and developments that may influence the price of Algorand. Positive or negative news can significantly impact the cryptocurrency's value.
✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility.
✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking.
#Crypto #Algorand #Investing #ALGO
ALGO has formed an almost perfect cup & handle on the daily.ALGO (Algorand) has been forming a rather impressive cup & handle formation on the daily chart since mid April 2023. The handle looks to be nearly complete, and could breakout any day now. Anyone who knows Algorand is well aware of how quickly it can move when the volume is there.
Either way, I'm a long-term investor who's already well into the green, and will be holding for many years to come.
Good luck, and always use a stop.
ALGO: Falling Wedge BreakoutTrade setup : Bullish breakout from a Channel Down pattern, which was confirmed by a break above $0.17 key level as well. Price could swing up +20% to $0.20 near term. Stop Loss at $0.16 (just below the breakout level).
Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Most traders should wait for a completed pattern with a breakout and then place a BUY order.
Trend : Neutral on Short-Term basis, Downtrend on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $0.17, then $0.15. The nearest Resistance Zone is $0.24, then $0.30.
ALGO B-R-G SetupAnother classic setup on ALGO. Break - Retest - Go. We have see a break of the major trendline, a successful retest, and we can now expect a pump till the resistance zone i marked in the previous update. Let's see
ALGOUSDT : a PROMISING REVERSAL SIGNALHey traders and crypto enthusiasts! 👋 Today, let's dive into a comprehensive technical analysis of ALGORAND (ALGO), as it appears to be gearing up for a potential trend reversal. Buckle up, and let's explore the charts to uncover possible entry points and crucial support/resistance levels.
Technical Overview:
📈 ALGORAND has been on our radar lately, and the current technical setup suggests a promising reversal. The price action has shown signs of bottoming out, accompanied by positive divergence on key indicators, indicating a potential shift in momentum.
Crucial Levels to Watch:
🎯 Resistance Levels: Identify key resistance levels that ALGORAND needs to breach for a confirmed bullish trend. Breaking through these resistance levels could pave the way for a significant upside move.
📉 Support Levels: On the downside, identify critical support levels to manage risk. Knowing where potential buying interest lies can be instrumental in setting stop-loss orders and making informed trading decisions.
Risk Management:
🛡️ Trading involves risk, and it's essential to implement proper risk management strategies. Consider setting stop-loss orders, diversifying your portfolio, and only investing what you can afford to lose.
Conclusion:
In the volatile world of cryptocurrencies, technical analysis plays a crucial role in making informed trading decisions. ALGORAND's current setup suggests a potential reversal, but always remember to do your due diligence and use risk management tools.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your research before making any investment decisions.
#ALGORAND #CryptoAnalysis #TradingSignals #Cryptocurrency #TechnicalAnalysis #ALGOReversal #CryptoTrading #Blockchain #TradingView
VolatilityNicely timed the news,,,📰
By the minute almost
Aaanyways
Some levels for near and far future marked
Fib levels also nicely co exist
