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Algorand / TetherUS

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ALGOUSDT trade ideas

ALGOUSDT RETRACEAlgo will likely retrace lower, if we close below the previous large bullish candle. Looking at the weekly RSI, we see Algo had pulled back at the same level on the first wave of its last bull cycle a few years ago. We have also not closed any significant bullish candles on the lower time frames as of yet, to reclaim the recent large sell off candle. Despite aggressive buying at the Fibonacci levels, we could see bullish momentum ease off for a short time. If price action is maintained in the current range, I'd consider looking at more bullish signals.
by lukeyhwh
ALGO: Overbought at ResistanceAlgorand (ALGO) technical analysis: Trade setup : After getting rejected at $0.15 resistance a few times in November, price has finally broken above it to signal continuation of uptrend with upside potential to $0.24. However, price is now very overbought (RSI ~ 80!), hence, near-term, we’re likely to see it pause here on some profit taking. Pullbacks to $0.18 area could be swing trade entry opportunities. Previously, price broke above 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 but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $0.15 (previous resistance), then $0.11. The nearest Resistance Zone is $0.18, which it broke, then $0.24.
Long
by altFINS
ALGO/USDT Break the key supply area. Bullish Momentum for ALGO ?💎 ALGO has been a standout in the market, recently achieving a notable breakthrough in a key supply area. It's now undergoing a retesting phase in the Lower Time Frame (LTF), setting the stage for potential upward movement. If successful post-retest, ALGO probability may move towards our targeted strong resistance area. 💎 However, if ALGO returns to the demand area, which previously acted as a supply zone, it will be crucial for it to demonstrate a strong bounce. This is necessary to mitigate the risk of a false breakout. 💎Failure to rebound and closure below the demand level could signal a false breakout, potentially reversing ALGO's trajectory. In such a scenario, ALGO might shift towards a downward trend, moving towards the next lower target, the support area.
by MyCryptoParadise
ALGO Are You Ready for Expansion? Get past .14c it GAME ON!!Not financial advice. Please also view my attached chart I posted before where I called the crash and said how important it was to hold .14c or we would likely try to come back to .06c That came to pass didn't get to .06c but Uber close now time for reversal. 1st off I'd like to add that we need to get over .14c and create support there before thinking about the .162 level. But we have 3 areas of TP depending on overall market conditions. Long term you can see the line I drew on the STOCH RSI that shows bearish divergence and I highlighted the top of that channel and where we can expect resistance/rejection. Again .14c is key. Stop loss is noted in chart along with Take profit ranges. Remember to always practice patience. #PIK Patience Is Key #TLAW Think Like A Whale
Long
by ThinkLikeaWhaleTLAW
2
ALGO/USDT Looking Good with Recent Bull Rally |👀 What's Next? 💎 Paradisers, shift your attention to ALGOUSDT, as it presents a notable trading setup in the demand zone, reinforced by a recent Market Structure Shift (MSS). This scenario suggests a substantial chance for a bullish trend. 💎 On analyzing ALGO's pattern, Algorand has a consistent record of breaking above its descending trendline, a harbinger of upward trends. It is currently targeting a key Bearish Order Block (OB) challenge, with continued momentum above the EMA100 indicating potential supply targets at $0.23 and $0.28. 💎 However, given the ever-changing nature of the crypto market, ALGO traders need to be equipped for different eventualities. Should the anticipated bullish surge not materialize, pivoting to a rebound strategy from the support level at $0.1325 will be crucial. 💎 A decline below this support level would call for a revision in strategy, highlighting the need to reassess the bullish stance and modify trading approaches to suit the evolving market context. 💎 Stay focused and tactically astute, Paradisers. Your ParadiseTeam is committed to providing you with comprehensive analysis and strategic guidance, helping you make informed decisions in these fluctuating market conditions.
Long
by MyCryptoParadise_Simon
1
Algorand (ALGO)On the above 5-day chart price action has corrected over 90% since the sell signal (not shown). Now is an excellent long trade. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) Strong regular bullish divergence. 4) Price action prints on past support & resistance, look left. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: don’t know Return: will say somewhere else
Long
by without_worries
18
ALGO: Resistance BreakoutAlgorand (ALGO) technical analysis: Trade setup : After getting rejected at $0.15 resistance a few times in November, price has finally broken above it to signal continuation of uptrend with upside potential to $0.18 near-term. Previously, price broke above 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 $0.15 (previous resistance), then $0.11. The nearest Resistance Zone is $0.18, then $0.24.
Long
by altFINS
How do i expect to see $ALGO in 2025-2026 ? 8X possible?Hello fam, I'm back with another perspective about Algorand with EURONEXT:ALGO symbol. Comparing other altcoins, Algorand team works on real world solutions and recently partnered with UNDP to lunch Algorand Blockchain Academy. But from candles world perspective we can clearly detect range formed and lows been swept away. This means we will have our eyes for range high to be tapped in coming weeks. This idea aims for 2.5$. Besides there was a falling wedge that been broken recently. Falling wedges are reliable strong bullish patterns and most of times they deliver what we expect. as usual fib.0.5 to 0.618 is were we expect to see this wave end. This will be around 1.6$ . This is 8X from current price but as you already know there are many risks in Crypto market and you need to closely do your own research before taking any financial decision or trade. Read my analysis about CRYPTOCAP:TOTAL , CRYPTOCAP:TOTAL2 and TOTAL3 for better understanding. Further analysis required in case 1.6$ broken in weekly
Long
by bitcharger
$ALGO -keep the faithHola, approaching a key level to flip before we accelerate has been dormant for a while but apparently been doing a lot of work behind the scene and building. emotionally hard for the hardcore algo fans to hodl on but now is the time to sit back and enjoy the ride just rambling on here since been told off to provide a detailed explanation of the trade by TV large caps usually leg up first then mid and low so looking for this as my large cap candiate also btc dominance is set to have a decent pullback imo remember to keep your targets realistic and hop off as you are happy do not be a dick for a tick and miss out 90% just to get the extra 10% rotating capital into trades as i get a decent move on my current play expecting a loco flush to wipe out OI which will increase like loco on this move up so be extra carefull not to give back the money you have made last few months for some reason i have the 12th day of christmas earmarked as be carefull and risk off no particular reason just recon our pullback should happen then . will put a link in later for ltf for invalidation but trigger for a long for now is a flip of the white line . hope everyone is having a lovely day .. carpe d!!
Long
by CompoundingGain
2