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ALGOUSDT trade ideas

ALGO Yearly RangeBINANCE:ALGOUSDT Possible Targets and explanation idea ➡️If we take a look on yearly chart we just got a simple range ➡️Top. Bottom at 0.0958. 2 test of equilibrium End of hype ➡️Crashed and formed historical lower low and deviation of range 0.0901 ➡️Bullish road to 2 main monthly gaps and euphoria to deviation at the top 3.45$ ➡️That time or we will break deviation and going higher or come back in a range again Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
7
ALGO/USDT looking breakdown! Hey traders 👋 ALGO coin is first that we will be taking a look at during the weekend where we see a nice potential for a breakdown to happen here soon! Why do we think that? Well first of all let's look at 200EMA which is considered an upper resistance here as well. It has been rejecting many times the market price of ALGO meaning there is not enough volume behind it. This can lead to lower zones to be reached with a nice kickstart from a breakdown near current market price of $0.1111 If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowPremium
4
ALGO S&R in short-mid term>>>>I Have Tried My Best to Bring the best Possible outcome in this Chart. ALGO have a good potential for spot trade for mid term. Based on moving in static support's zone in long term time frame 0.8-0.10 and by pass from 0.15 can start strong upside trend to next resistance's, So it look's good to buy 1 step in daily time frame's correction. All important area's in long - mid - short term marked on the chart. It's Not a financial advise. PLZ DYOR With hopping success>>>
by imanff
ALGO coin, which is currently trading at $0.1Hello, everyone! Recently, I've been paying attention to the ALGO coin, which is currently trading at $0.1. It's interesting to note that at its peak, this coin reached a price of $3! I'm optimistic about the prospects of this coin and will be anticipating a 10-20x increase in its value! However, of course, I'm aware that the price could drop to $0.05, and in that case, I'll consider the option of buying more. What particularly appeals to me is the fact that ALGO has its own blockchain, which could serve as an additional incentive for the coin's price growth in the future. If you have any thoughts on ALGO or any advice regarding cryptocurrencies, I'd be glad to hear your comments! 🗣️
Long
by CHOWTRADE
1
ALGO/USDT looking for a breakdown! Hey traders 👋 Let's start this day with ALGO coin with a nice potential for some bearish movement here! Wit h multiple rejections near crossover of EMA we see that price has been weakening ever since but at the same time small bullish trend line has been respected as well! We are looking for bearish movement here where BB indicator is ready for a turnover here and EMAs are holding strong. Currently we want to see that breakdown of trend which will give us another confirmation of short-term bearish movement! P.S Remember that weekends are not the best times for trading so do keep your risk management in order! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Short
by SwallowPremium
ALGOUSDT breakout soon?ALGOUSDT is currently in the process of testing the $0.11 area, and it is contained within a Falling Wedge pattern. The Falling Wedge is a bullish chart pattern that often suggests a potential trend reversal from a downtrend to an uptrend. It is formed by connecting lower highs and lower lows with two converging trendlines, creating a wedge-like shape. Additionally, the price has recently retested the weekly support level at the $0.1 area. A retest of support occurs when the price briefly moves back to a previous support level after a breakdown, and this level is once again tested to check if it now acts as resistance. According to Plancton's rules, traders will closely monitor the price action around the $0.11 area and the Falling Wedge pattern. A decisive breakout above the upper trendline of the Falling Wedge, accompanied by significant trading volume, would be considered a breakout signal. If the price successfully breaks out above $0.11, Plancton's rules would suggest a "new long" trade. This means that traders would consider opening a long position on ALGOUSDT, expecting the price to continue its upward movement. Regarding profit targets, traders can use various technical analysis tools to identify potential upside price targets. Fibonacci extensions, previous resistance levels, or the height of the Falling Wedge pattern itself can be utilized to estimate possible price objectives. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
22