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Algorand / TetherUS

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ALGOUSDT trade ideas

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
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
Long
by ecchi_QMA
ALGO target 0.28 & 0.451D time frame - 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. - Perpetual: TP: 0.28 / 0.44 SL: 0.135 Spot: TP: 0.45 / 0.68 SL: 0.07
Long
by EthanTW
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.
Long
by altFINS
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
Short
by behdark
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
Short
by thecardiak
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.
Long
by altFINS
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. 🌴💰
Long
by MyCryptoParadise
1
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.
Long
by SHAlavi
2
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.
Long
by altFINS
1