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
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ALGOUSDT trade ideas
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.
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 $0.30.
Algorand up 22% this Fall 🍂Down since Binance Listing 2 Consecutive Bullish Months in a row suggest buyers stepping in from the Lows created during Covid Crash at .0976. This crypto offers great Risk/reward back to All time highs at 3$. Catching 1/10 of that move would be great RR
Back to breakeven (ALGO)❤️❤️Thanks for boosting 🚀 and supporting us!
📈for againe buy price to back to breakeven.
📊 (Entry) : 0.2136
🔴 Stop Loss : 0.2001
🎯 Take Profit : 0.2231-0.2335-0.2423
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$ALGO #Algorand Trading IdeaEURONEXT:ALGO #Algorand looks bullish on 1W timeframe. One of my channels was broken and now it's time for a second one. We need to break through this resistance zone to see another rally upwards.
ALGO LOOKS BULLISH ON WEEKLY TIMEFRAME💰 #Algorand #ALGOUSDT
$ ALGO looks bullish on weekly timeframe🔥
Rounding bottom is fully formed☑️
Only need to break through the confluence of Superguppy + 0.2600 supply zone🚀
DONT SLEEP ON $ALGODon''t jump on Algo when it has make its full recovery or when everyone is doing the same.
Price is at a perfect place for EP to $1
Algo's time will come.
resistance from .55-.65 Maybe run as hi as 1 USDthis is an interesting one. Top pick for blockchain likely to have a government use for a stable coin of sorts. MIT founded, token released at 4USD originally so there was some weird rules a year or two ago that helped people who bought pre sale at 4 USD.
Also super cheep to move around via ALGO wallet and just as easy to earn for having tokens siting in your wallet. That was how it worked last year so not sure what or and if that changed as well....
From a T and A perspective she could easily run to .50o-60s and as Hi as 1USD over the next month or two or three...
🔥 New Bullish Move About To Start👉 Perfect Bull Flag Formed At The Chart And Currently The Price Sitting Above The Strong Support Here At 0.22$ Area ,I Expect a Bounce From Here Toward a 0.245$ And 0.275$ As a Next Targets
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.
ALGO is near the support rangeIn higher time frames we see a strong bullish trend.
Now the price is slowly approaching the POI range. This range initiated the move that caused the previous ceiling BOS, so it is important to us.
By maintaining the green range, it can collect the liquidity pool that I specified above with the $$$ sign.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
⚡️ALGOUSDT CMC TRADING ⚡️ DESCENDING TRIANGLEALGO is currently confined within a descending triangle pattern. To determine the potential future direction, it is advisable to exercise patience and await confirmation of the breakout. There is a higher likelihood of a bullish scenario, with a potential bull run anticipated to retest the recently established highs, should the breakout confirm as expected.
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.
A CLEAN 3.6 (40%) RISK REWARD ON ALGORAND
This chart is an update to the previous analysis where I made this call and yet again another whooping 40% on BINANCE:ALGOUSDT trade see previous and next analysis on algo on my page
PREVIOUS ANALYSIS
Algo lookin promising. 0.28 and 0.4 are the huge resistance zones. So that means most likely to get rejection at those lines, and what is more interesting is we could see H&S pattern either way.
#ALGOUSDT T.F : 1 Hour#ALGOUSDT T: F - 1 HOUR.
#ALGOUSDT formed a distorted Symmetrical Triangle, which is a Trend Continuing Pattern, however the direction of the breakout must be considered before making entry decisions.
Now trading at $0.2327, the price tested the same level during December 22 and the level at $0.2353 - $0.2960 acted as a zone of RESISTANCE.
Time To Wait And Watch!!
DYOR
#ALGOUSDT #crypto #ALGORAND #marketpdates #thesoumyoroyanalysis
