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Algorand / TetherUS

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ALGOUSDT trade ideas

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
$ALGO UPDATED - Resistance Break Inevitable Just a quick update on our previous EURONEXT:ALGO trade, So far, it has performed as expected, hit resistance within the past week, and was rejected slightly back to it, We're currently expecting the current resistance level to break over the next 48 hours. Levels to focus on and set alerts at Updated Target level 1(Major Resistance): $0.2398 Updated Target level 2: $0.3610 Updated Target level 3: $0.5077 Targets from last chart remain the same, Expecting us to break UTL1 (Updated Target level 1) within the next 48 hours, after that major resistance I expect a sharp break upwards towards UTL2 before a potential cook off wick and then continuing to next targets, expect the first two targets to be broken within the week.
Long
by Helios_Capital_Investment
1
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