ALGOUSDT trade ideas
ALGOUSDT LONG IDEAALGOUSDT has touched a strong support area and has reacted well we can see a good pinbar and entry bar.
entry:
tp1:0.0976
tp2:0.0987
tp3:0.1020
sl:0.0935
AlgoEURONEXT:ALGO saw an RSI breakout after a clear divergence and failure swing low.
Expecting a potential 2X to 4X rally marked by yellow levels.
Not a financial advice.
ALGO/USDT Break Alert! Bullish Sign in the short-term Movement 💎ALGO has experienced a bounce within the demand area and has broken through the descending channel of the pattern. This breakout is validated on an hourly timeframe. However, for a more precise breakout confirmation, it is prudent to await the closure of the daily candle. A closure above the pattern signifies a valid breakout, potentially leading to significant movements for ALGO.
💎 In the broader perspective of weekly or monthly timeframes, ALGO is already in an oversold condition. This strongly suggests the commencement of accumulation and the likelihood of an upward movement to test the bearish OB area.
💎 Before any significant upward movement, ALGO needs to breach the resistance area. Once this area is successfully broken through, ALGO can effortlessly reach target profits 1 and 2.
💎 However, this analysis would be invalidated if ALGO breaks the key support area and the daily candle closes below it.
ALGO/USDTAs soon as the white dashed line resistance is broken, long to the 200MA on the daily time frame, really nice setup here!
no need to enter now, just wait for the breakout and set alerts accordingly!
ALGOUSDT REPEATING FRACTALThis is the small time frame fractal I observe playing out on the daily chart. A break out to the upside of this pattern on the smaller time frame could carry over to the higher time frames.
ALGOUSDT REVERSAL ABOUT TO PLAY OUTBased on a current 3m chart analysis and comparing it to the daily chart, I have spotted a potential fractal pattern that may indicate a reversal is on its way on the daily chart. Looking at the 3 minute chart over the past 2 days, I see an identical fractal pattern, as indicated by my blue squiggles. I encourage you to analyse the 3 minute chart on the 2 most recent bullish candles and see this pattern for yourself.
Algo is super supressed, but we also see that the selling volatility has greatly reduced over time, with less severe sell offs. This could also indicate reduced selling pressure and a chance for a reversal.
ALGOUSDT.P-BEARISHA downtrend descending channel,
a sell stop entry at last LL,
EP:0.0970
SL:0.0990
TP01:0.0950
TP02:0.0930
#ALGO/USDT is trying to hold the Diagonal Trendline in 4-Hour TF#ALGO/USDT is trying to hold the Diagonal Trendline in 4-Hour TF!
EURONEXT:ALGO local support level is PDL $0.09745. Breakdown, this level is bearish, and it can retest PWL.
Wait for BO/retest to Short it.
💡Trade Idea #ALGO/USDT:Rounding bottom was formed on #ALGO. Now it’s trying to break through that blue resistance. There is a chance for us to see the price retesting at the top of that trendline.
ALGO x30 Future Profit !?!?- Almost two straight years of loosing price, i believe is great opportunity to buy ALGO at 0.10 for long term investment.
:
:
- If pattern repeat it self, as history likes to do, then we could see a W formation which means price could go up to 3.00
:
:
- Green lines are my TP
- My SL woud be at 0.07
:
*This is not a finacial advice , just an idea of mine. Trade safe !
ALGO shortAlready has a broken structure signaling that the price is going down. Also, price respects the supply zone, a possibility to go back to its immediate support or create another lower low.
algo getting ready for breakout seems like algo getting ready for massive bullish rally in midterm
formed falling wedge in 3 days tf and approaching towards upper trendline i am also expecting breakout soon
in case of breakout expecting 260 t0 300% Bullish Rally in midterm
ALGO short TP's in short term's///I Have Tried My Best to Bring the best Possible outcome in this Chart.
TP's and everything's you need marked on the chart.
In case of this scenario happen PLZ set your SL at first .
All important support and resistance's in Short term marked on the chart.(Scroll your mouse on the chart for more view)
It's Not a financial advise.
PLZ DYOR
With hopping succe
ALGOUSDT LongAlgorand Bullish setup, Bulls are in the process of buying, they will sell in on supply red zone, I think bulls will renew this resistance and price will go above the 0.1$
ALGO TREND BREAKOUT AND DISTRIBUTION LEVELALGO has confirmed a bearish breakout on the trend line formed. Here we are required to confirm a breakout on the support which has been created with the distribution zone. Once the price confirms a breakout, we can expect a downside momentum which can be easily retest a level close to $0.093 or below
ALGO: Bullish Signal - Inverse Head & Shoulder PatternALGO: Bullish Signal - Inverse Head & Shoulder Pattern
The price completed a bullish pattern by signaling in this way the chances for
a possible bullish movement.
it could be a limited movement but the pattern looks solid and the targets
is also a reasonable target for this pattern.
You may find more details in the chart.
Thank you and Good Luck!
Algo go downas i guess there is a good situation to sell Algo usdt
the price reach demand zone and reverse
there is 3 profit level as shown
best Leverage for this postision 2X not more.
have a good trade
$ALGOas mentioned before this is a deviation and still trying to catch the reclaim
looks like we attempt 958 again IF we fail to flip then 740 is where i recon i knife catch ..
Support Breakdown and Potential ReboundOver the past few weeks, ALGO has experienced a notable decline, with its value falling below the crucial support level of $0.10. This downward movement can be attributed to a combination of substantial selling pressure and a noticeable absence of strong demand. Even the previously established floor for this cryptocurrency, which was situated at the $0.090 price point, was breached during this period.
Consequently, we find ourselves in a situation where there is a scarcity of historical price data at this particular level, and a new All-Time Low (ATL) has been formed. Given this circumstance, it is prudent to exercise caution and adopt a wait-and-see approach until clear indications of a potential trend reversal emerge.
Looking ahead, the next support level for ALGO is estimated to be around $0.0750. This level holds the potential to elicit a positive market response, potentially sparking a rebound in the currency's value. Nevertheless, it remains advisable to exercise patience and monitor the market closely for any discernible signs of a forthcoming change in the prevailing trend. This cautious approach will allow investors to make more informed decisions in this uncertain market environment.
ALGOUSDT capitulationDownside is continuing. I have not seen any strength or signs of bullishness in ALGOUSDT as of yet, and have not been trading at all. I am expecting more down side as the recent trading ranges have collected all liquidity and there is now a lack of liquidity to move price higher. Capitulating to the downside will allow new buyers to enter the market and allow those who have taken profit to re-buy into the market. Many retail traders are trying to get in at the "bottom" of the market, but it is still too soon.
