ALGOUSDT trade ideas
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
IS ALGO READY?ALGO is attempting to breakout of the white dashed line which is resistance, this could be a straight send to the 200s
algousdtIf the price can cross the upper box, it can be expected that it will rise to the red area, but if it crosses the lower trend line, it will enter the range of 14 cents and then it will rise to the red area of 18 cents.
My personal opinion is that the upward movement starts here
ALGOUSDT (4H) - Bullish wave We2Hi Traders
ALGOUSDT (4H Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 0.1550 after the market found support at 0.1459. Only the downward break of 0.1459 would cancel the bullish scenario.
Trade details
Entry: 0.1550
Stop loss: 0.1459
Take profit 1: 0.1687
Take profit 2: 0.1828
Score: 8
Strategy: Bullish wave We2
$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!!
Up to 100% with ALGO In the near future, more than 500% profit is waiting for Algorand holders, be careful
Algo - It's time to relax! ✅✅✅I think we have completed 1 wave of growth, which was an impulse. The previous idea worked great and brought us more than 40% of the movement with a stop of less than 5%. Let's continue this trend)))
Potential Price ReversalALGO has demonstrated a notable uptrend, successfully overcoming a resistance level that previously hindered its price growth for several days.
This bullish momentum led it to encounter another resistance zone. At present, the price growth has stalled, suggesting a potential reversal to the downside. However, a newly formed support zone has emerged, which could act as a buffer against further decline in price.
This support level, potentially a key pivot point, is positioned around $0.1357 to $0.1370. If it holds, it might catalyze a renewed upward movement in ALGO's price.
This analysis is for informational purposes only and should not be considered as financial advice.
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 $0.11 (previous resistance), then $0.09. The nearest Resistance Zone is $0.15, which it broke, then $0.18.
LONG on ALGO Price surpassed the previous high of 0.1504 and continued above, breaking the marked 4HR order block. A valid retest of the OB would signify an opportunity for a relatively strong long position, in my opinion.
There is an unmitigated FVG (0.156) from May of this year that could serve as resistance for a bounce. If price nears the FVG and pulls back for the retest, the OB (0.1530-ish) will be the point of entry.
(Note that price could just as easily reverse and retest before reaching the FVG)
My trade:
SL - Placed comfortably below the OB
Target - Balanced Price Range around the ballpark of 0.1750
Algorand to the way up
I forgot to publich this chart yesterday, so here you go.
Algo is going smoothly to the up direction after testing the support, and now is on a resistance. lets see what happens, and always wait for confirmation before entering the trade.
ALGOUSDTI have taken a Long position on ALGO, and this is my own idea. This trade is executed on Bybit.
$ALGO Weekly is so Bullish💣 The Candle will be EpicThe weekly performance of EURONEXT:ALGO appears incredibly bullish, hinting at an impending monumental candlestick. The upward momentum seems poised to create an epic surge in value, reflecting robust market sentiment. This promising trend suggests significant growth potential, fueling anticipation for a remarkable and influential market movement in the near future.
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Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you.
TradingView: @FarmanBangashh
ALGO: Pullback in UptrendAlgorand (ALGO) technical analysis:
Trade setup : Price broke above above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. So far it has been rejected at $0.15 resistance. We wait for price to either
1) break above $0.15 to signal continuation of uptrend with upside potential to $0.18 near-term, or
2) pull back near $0.12 support (200-day MA) for a swing entry in Uptrend with upside potential back to $0.14.
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 ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.11 (previous resistance), then $0.09. The nearest Resistance Zone is $0.15, then $0.18.
ALGORAND Big opportunityI can see a big opportunity on Algorand. We are in a strong uptrend, there's a good bullish ascending triangle with a 18% move. If we set this 18% move as target, we can see it at 0.17. It's a good 30% from actual price, on spot... Imagine on features
ALGO Scalp LongI am scalping long on Algorand. Opportunity looks good, the short term downtrend in broken, a small pump is likely to happen
ALGO LONG TERM REVERSALHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
What's next on ALGO.
As we can see price is still sitting around our all-time low adding on around a strong round number, where we will be looking for new longs as well.
Meanwhile, for the bulls to take over from a long-term perspective, we need a break above the marked major swing high in a shape of inverse head and shoulders pattern, if that happens, then a movement higher would be expected.
Until that price is still overall bearish and price can still trade lower and lower.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
ALGO/USDT = Sideways before The Breakdown/BreakoutWe see a tight trading range, signifying indecision between buyers and sellers. If we see a solid break above the upper yellow line, there could be potential for an upward push, possibly initiating a new bullish phase for ALGO coin. However, the odds seem slim, and we may more likely witness a bounce between the resistance and support zones.
We're on the lookout for a potential breakdown, which would necessitate a confirmed re-test of the resistance turned from the support zone. Such a move would signal a clear shift in market sentiment and a potential move to our liquidity grab zone as well!
The key is whether it can rise above 0.1409-0.1718Hello traders!
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(ALGOUSDT chart)
The key is whether the price can be maintained above 0.1093 and rise above 0.1718.
(1W chart)
In order to escape from the bottom section, the price must rise above 0.1718 and maintain the price.
However, to escape the true bottom zone, it must rise above 0.4253.
Only then is it expected to turn into an upward trend and rise.
(1D chart)
Therefore, the key is whether the price can be maintained by receiving support around 0.1214 and rising above 0.1409.
If the price maintains by rising above 0.1409, it appears likely that it will rise quickly to around 0.2462.
Otherwise, if it falls below 0.1214 and is resisted, there is a possibility that it may fall to around 0.0954, so you need to think about a response plan.
Since a volume profile section has been formed around 0.3091, it is expected that a sharp rise will occur only when it breaks upward around this area.
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- The big picture
The full-fledged upward trend is expected to begin when the price rises above 29K.
This is the section expected to be touched in the next bull market, 81K-95K.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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ALGOUSDTWe broke above the resistance line of the larger bull flag. My previous trade idea of a small bear flag within this pattern became invalid after this breakout. Any losses going against a trend or pattern can be made back by reversing your position once your previous trade idea becomes invalid.
ALGO BUYING ZONEi think that the green box is good buying zone for algo based on hosoda target for n wave , fib levels and the ATL of algo in 2020 march .
for investment only , this is not a FA
THANK YOU
ALGOUSDT BEAR FLAGIt appears we are forming a bear flag and the measured move can be seen down to the 0.10c area.
