Up to 100% with ALGO In the near future, more than 500% profit is waiting for Algorand holders, be careful
ALGOUSDT trade ideas
Algo - It's time to relax! ✅✅✅I think we have completed 1 wave of growth, which was an impulse. The previous idea worked great and brought us more than 40% of the movement with a stop of less than 5%. Let's continue this trend)))
Potential Price ReversalALGO has demonstrated a notable uptrend, successfully overcoming a resistance level that previously hindered its price growth for several days.
This bullish momentum led it to encounter another resistance zone. At present, the price growth has stalled, suggesting a potential reversal to the downside. However, a newly formed support zone has emerged, which could act as a buffer against further decline in price.
This support level, potentially a key pivot point, is positioned around $0.1357 to $0.1370. If it holds, it might catalyze a renewed upward movement in ALGO's price.
This analysis is for informational purposes only and should not be considered as financial advice.
ALGO: Resistance BreakoutAlgorand (ALGO) technical analysis:
Trade setup : After getting rejected at $0.15 resistance a few times in November, price has finally broken above it to signal continuation of uptrend with upside potential to $0.18 near-term. Previously, price broke above 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 $0.11 (previous resistance), then $0.09. The nearest Resistance Zone is $0.15, which it broke, then $0.18.
LONG on ALGO Price surpassed the previous high of 0.1504 and continued above, breaking the marked 4HR order block. A valid retest of the OB would signify an opportunity for a relatively strong long position, in my opinion.
There is an unmitigated FVG (0.156) from May of this year that could serve as resistance for a bounce. If price nears the FVG and pulls back for the retest, the OB (0.1530-ish) will be the point of entry.
(Note that price could just as easily reverse and retest before reaching the FVG)
My trade:
SL - Placed comfortably below the OB
Target - Balanced Price Range around the ballpark of 0.1750
Algorand to the way up
I forgot to publich this chart yesterday, so here you go.
Algo is going smoothly to the up direction after testing the support, and now is on a resistance. lets see what happens, and always wait for confirmation before entering the trade.
ALGOUSDTI have taken a Long position on ALGO, and this is my own idea. This trade is executed on Bybit.
$ALGO Weekly is so Bullish💣 The Candle will be EpicThe weekly performance of EURONEXT:ALGO appears incredibly bullish, hinting at an impending monumental candlestick. The upward momentum seems poised to create an epic surge in value, reflecting robust market sentiment. This promising trend suggests significant growth potential, fueling anticipation for a remarkable and influential market movement in the near future.
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update.
Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you.
TradingView: @FarmanBangashh
ALGO: Pullback in UptrendAlgorand (ALGO) technical analysis:
Trade setup : Price broke above above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. So far it has been rejected at $0.15 resistance. We wait for price to either
1) break above $0.15 to signal continuation of uptrend with upside potential to $0.18 near-term, or
2) pull back near $0.12 support (200-day MA) for a swing entry in Uptrend with upside potential back to $0.14.
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 ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.11 (previous resistance), then $0.09. The nearest Resistance Zone is $0.15, then $0.18.
ALGORAND Big opportunityI can see a big opportunity on Algorand. We are in a strong uptrend, there's a good bullish ascending triangle with a 18% move. If we set this 18% move as target, we can see it at 0.17. It's a good 30% from actual price, on spot... Imagine on features
ALGO Scalp LongI am scalping long on Algorand. Opportunity looks good, the short term downtrend in broken, a small pump is likely to happen
ALGO LONG TERM REVERSALHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
What's next on ALGO.
As we can see price is still sitting around our all-time low adding on around a strong round number, where we will be looking for new longs as well.
Meanwhile, for the bulls to take over from a long-term perspective, we need a break above the marked major swing high in a shape of inverse head and shoulders pattern, if that happens, then a movement higher would be expected.
Until that price is still overall bearish and price can still trade lower and lower.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
ALGO/USDT = Sideways before The Breakdown/BreakoutWe see a tight trading range, signifying indecision between buyers and sellers. If we see a solid break above the upper yellow line, there could be potential for an upward push, possibly initiating a new bullish phase for ALGO coin. However, the odds seem slim, and we may more likely witness a bounce between the resistance and support zones.
We're on the lookout for a potential breakdown, which would necessitate a confirmed re-test of the resistance turned from the support zone. Such a move would signal a clear shift in market sentiment and a potential move to our liquidity grab zone as well!
The key is whether it can rise above 0.1409-0.1718Hello traders!
If you "Follow" us, you can always get new information quickly.
Please also click “Boost”.
Have a good day.
-------------------------------------
(ALGOUSDT chart)
The key is whether the price can be maintained above 0.1093 and rise above 0.1718.
(1W chart)
In order to escape from the bottom section, the price must rise above 0.1718 and maintain the price.
However, to escape the true bottom zone, it must rise above 0.4253.
Only then is it expected to turn into an upward trend and rise.
(1D chart)
Therefore, the key is whether the price can be maintained by receiving support around 0.1214 and rising above 0.1409.
If the price maintains by rising above 0.1409, it appears likely that it will rise quickly to around 0.2462.
Otherwise, if it falls below 0.1214 and is resisted, there is a possibility that it may fall to around 0.0954, so you need to think about a response plan.
Since a volume profile section has been formed around 0.3091, it is expected that a sharp rise will occur only when it breaks upward around this area.
--------------------------------------------------
- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
-------------------------------------------------- -------------------------------------------
** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
---------------------------------
ALGOUSDTWe broke above the resistance line of the larger bull flag. My previous trade idea of a small bear flag within this pattern became invalid after this breakout. Any losses going against a trend or pattern can be made back by reversing your position once your previous trade idea becomes invalid.
ALGO BUYING ZONEi think that the green box is good buying zone for algo based on hosoda target for n wave , fib levels and the ATL of algo in 2020 march .
for investment only , this is not a FA
THANK YOU
ALGOUSDT BEAR FLAGIt appears we are forming a bear flag and the measured move can be seen down to the 0.10c area.
ALGOUSDT CORRECTIONI believe price will retrace according to the red arrow. We had a triple top after a decent run up. Now we distribute and move back down to a strong liquidity zone before heading back up
ALGO, breakout or nuke? BINANCE:ALGOUSDT
On daily timeframe, EURONEXT:ALGO 's trying to break its major trendline!
Moonshot or nuke once again?
Eyes on it!
Do your own risk management.
Follow me for more chart analysis. Dont forget to check out my X and other charts.
Patience is the key to success.
DYOR
I'll Go To The Moon (ALGOUSDT)ALGO has been trading in an ascending broadening wedge pattern since 19th October.
In that time it has risen by ~67% and is once again trading above all EMA's. The market is shaky at the moment and any drops in BTC are causing bigger drops in alts, but any increase in BTC is not necessarily increasing alts much.
In any case, despite the very recent downward pressure ALGO found support around $0.13 and is looking to push up to the top of the channel for a short-term 20% increase. In the mid-term, if a breakout of the channel occurs we can target the $0.20 range.
If there is any major downward pressure, ALGO could fall considerably to $0.10, but that seems unlikely for now.
It has been a while since ALGO has shown some strength, now that it has the explosion should be big.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only.
Please feel free to leave your comments and thoughts below!
ALGOUSDT"As we enter the bullish season, the initial target to aim for is
target : 1.9 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
Algorand ALGO longterm trading 1D candles using BB, AO, RSIThis trading strategy uses Bollinger Band, Awesome Oscillator and RSI for longterm Algorand (ALGO-USDT) trading.
