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Algorand / TetherUS

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ALGOUSDT trade ideas

ALGOUSDT #001 ( is On the way to 99% profit with Market bull runHello dear traders . Good days. After finish Monthly Gann Square, ALGOUSDT start side way move for long time to collect spring energy for bullish rally . On weekly Gann Square , 1st Elliot wave passed and is on the 3rd Elliot wave . ALGOUSDT broken Gann Arc resistance as you can see on the chart and retested . Now we can expect to grow up to 0.618 Gann Blx Fib level (@ 0.358 $ ). It can grow farther more to 0.75 Gann box Fib Level up to ( 0.415 $ ) . Chart plotted with help of Gann Square and Gann Box. Good luck and safe trades . Thanks for your support and comments.
Long
by SHAlavi
2
ALGO: Pullback in UptrendTrade setup : Price is in an Uptrend. It got rejected at $0.24 resistance and pulled back to $0.18 support zone, which could be a swing trade entry in Uptrend, with upside potential to $0.24. Stop Loss (SL) level at $0.155 (just below the prior swing low). Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.18, then $0.15. The nearest Resistance Zone is $0.24, then $0.30.
Long
by altFINS
1
ALGO/USDT Fail to Break the supply, Potential continue downward!💎 ALGO's recent market trajectory has certainly caught the eye, particularly with its powerful bullish candle on the daily close, signaling a potential upward surge. 💎 To capitalize on this momentum, ALGO needs to decisively breach the supply zone. Probability Achieving this would not only confirm a bullish trend reversal but also open a path toward the next critical target - a strong resistance level. 💎 However, should ALGO stumble at the supply barrier and fail to secure a breakout, a reversal to bearish tendencies could be on the cards. In such a scenario, ALGO might retreat towards a key demand area around $0.1540, necessitating a close watch on its response in this zone. 💎 The demand area thus becomes a litmus test for ALGO's resilience. A robust bounce off this level could reinvigorate bullish sentiments, while a breakdown through this support might spell trouble. 💎 A failure to hold above this demand level could see ALGO spiraling down to lower support areas, or in a worst-case scenario, descending towards a much stronger support level. This phase is crucial for ALGO, as maintaining its position above the demand zone is imperative to stave off a deeper bearish downturn.
by MyCryptoParadise
2
ALGO: Approaching SupportTrade setup : Price is in an Uptrend. It got rejected at $0.24 resistance and pulled back. Now we wait for price to find support for a swing entry, ideally around $0.15 support level. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $0.18, then $0.15. The nearest Resistance Zone is $0.24, then $0.30.
Long
by altFINS
resistance from .55-.65 Maybe run as hi as 1 USDthis is an interesting one. Top pick for blockchain likely to have a government use for a stable coin of sorts. MIT founded, token released at 4USD originally so there was some weird rules a year or two ago that helped people who bought pre sale at 4 USD. Also super cheep to move around via ALGO wallet and just as easy to earn for having tokens siting in your wallet. That was how it worked last year so not sure what or and if that changed as well.... From a T and A perspective she could easily run to .50o-60s and as Hi as 1USD over the next month or two or three...
Long
by HustleGrindMomentum
ALGO: Approaching ResistanceTrade setup : Price is in an Uptrend and approaching $0.24 resistance. If it breaks above that, it could revisit $0.30 next. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish). Support and Resistance : Nearest Support Zone is $0.20 (previous resistance), then $0.18. The nearest Resistance Zone is $0.24, then $0.30.
Long
by altFINS
ALGO: Approaching ResistanceTrade setup : Price is in an Uptrend and approaching $0.24 resistance. If it breaks above that, it could revisit $0.30 next. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.20 (previous resistance), then $0.18. The nearest Resistance Zone is $0.24, then $0.30.
Long
by altFINS