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
ALGOUSDT trade ideas
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
ALGO target 0.28 & 0.451D time frame
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ALGO is retesting the structural support around 0.135~0.152, that is also the 0.618 Fibonacci Retracement, so here is a good timing to set up a perpetual trading plan with great RR. Also, we can easily see a strong support on higher time frame around 0.08~0.10, this zone is a sweet price to accumulate spot if ALGO come back again in future. Therefore, I provide two trading plans for perpetual and spot.
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Perpetual:
TP: 0.28 / 0.44
SL: 0.135
Spot:
TP: 0.45 / 0.68
SL: 0.07
Long on ALGOAlgorand is approaching an important trendline, and considering the actual strength of the market, there good chances it will go broken. I placed stoploss below recent accumulation zone, and my first target 0.18, the first resistance zone on daily timeframe. If we can manage to break up this level, 0.20 could be next
ALGO: Approaching SupportTrade setup : Price got rejected at $0.24 resistance and pulled back to $0.17 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, Neutral on Medium-Term basis and Uptrend on 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 $0.17, then $0.15. The nearest Resistance Zone is $0.24, then $0.30.
Destiny It is a good option to hold and maintain a medium-term view over the course of a year, of course, the arrival time is reasonable: it is when the neckline breaks.
ALGO LOOKS BEARISHOn the chart, it seems that a bearish triangle is being completed. We are approaching the end of this triangle.
The expectation is to have a pullback to the red range and then move down.
I specified the targets on the chart. Closing a daily candle above the red range will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#TOBTC #LQR #ALGOin Daily algo are line a Bearish Head Shouder pattern which is to important for watch out
Support area around 0.1397and 0.1235 is good place for spot trading
DYOR!
ALGOUSDTALGOUSDT is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 0.1600
What you guys think of this idea?
Bearish sentiment rentering marketI believe we are getting primed to retest our bottom before ALGO has a true bullish movement.
SPX is potentially at a double top from 2022 highs
Evergrande bankruptcy/court ordered liquidation or restructuring final deadline is end of january (will cause a cascade of bankruptcies in its wake)
Regional Bank Crisis 2.0 looks primed to resume as backstop funds dwindle
the top of the 2021 market was the SEC approving the BTC ETF FUTURES
the top of the current market may be the SEC approving the BTC SPOT market
BTC weekly candle looks extremely bearish. This could either signal an alt season if it settled down and formed a long term flag or it could just drag the entire market down with it which seems just as reasonable
ALGO: Pullback in UptrendTrade setup : Price 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 : Neutral on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). 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.
ALGO/USDT probability of bullish move from support? 👀🚀ALGO💎 Paradisers, focus on #ALGOUSDT, as it's currently exhibiting a trend that suggests a strong chance of a bullish continuation from its support zone.
💎 Amid recent market volatilities, #ALGORAND has seen a decline, but it now appears ready to recover from the support zone at $0.1650. Should #ALGO manage to maintain its momentum above this critical level, there's a substantial likelihood of it embarking on a bullish trajectory towards the significant resistance at $0.2861.
💎 In the dynamic and unpredictable crypto market, adaptability and responsiveness in our trading strategies are key. If #ALGO faces challenges in sustaining its position within this support zone, a reevaluation of our strategy may be necessary.
💎 In that event, our contingency plan, Plan B, would involve a focus on triggering a bullish movement from a deeper support level, identified at $0.1474. Monitoring this level is vital, as failing to hold above it could indicate a possible shift to a bearish trend in the #ALGO market. 🌴💰
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.
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.
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.
ALGOUSDTBINANCE:ALGOUSDT
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR
Don't forget to 🚀 and comment
ALGOUSDTALGO was in bullish trend and bearish divergence appeared. After that it moved in range i.e. distribution. now ALGO is in bearish trend and make LL after breaking previous HL. After printing LL, the instrument touches 38.2% retracement level and in process of making bearish candle. at current level, making of strong bearish candle will suggest that sellers are in control retracement and price may go down.
