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Algorand / TetherUS

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ALGOUSDT trade ideas

✴️ Algorand Early Reversal Signals (Name Your Altcoin)We are going to look up close because our goal is to see if there is reversal potential, as the correction has been going long enough and the market is turning all around us. Algorand hit bottom in August. We have a higher low in September and a higher low in October (yesterday). Yesterday's session ended as a Doji which is a reversal signal. This session also has above-average rising volume. Summed up: - Higher lows that lead to a reversal signal supported with rising volume. These signals are early and weak but still valid. From this point on a reversal can develop if the bulls follow up. Additional confirmation comes when prices move above EMA10, EMA21, EMA50, etc. When the RSI and MACD turn bullish. When high volume shows up... This might be a bottom catch. Thanks a lot for your support. Namaste.
Long
by MasterAnanda
1
ALGO Cup & Handle FormationMany alts still trading near the lows looking very bullish in preparation to breakout to the upside. Theyve been consolidating at the lows for very long time and ready to rock & roll. Entry here is a bit high in terms of risk:reward with the stop loss at the last low ~$0.15. I suspect a liquidity grad could take place first (retest the breakout) but that may not happen. You can also look for entry after move up along the top of the c&h line where resistance will be looking to turn into support, thats where bulls will be setting up their next move higher to take out shorts. Min target is $0.83 which is approx 4x from this 19c range. I would love to get a liquidity dip down to $0.10 before moving higher but that is unlikely to happen, possible but unlikely. ALGO has taken a very long time with price action so I dont mind entering higher than cycle low ~8c. *c to 25c was a sweet 3x for those of you who bought n took profits, so now lets focus on the move higher to retest that $0.80 to $1 zone The measured move (cup height) takes us to this zone. EW fib extension calculates to same zone, and we realign with the 0.236 fib retracement all surrounding a major support level that was broken on move down. If bull can reclaim that and turn it back into support, AGLO can continue much higher to complete the EW 5 wave sequence
Long
by CryptoHolix
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
Long
by Yazirazlamtrader
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.
Long
by altFINS
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.
Long
by MetaShackle
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
Long
by Nyskohuz
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.
Long
by MetaShackle
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.
Long
by altFINS