in the end time for algorandin the end time for algorand
time frame 4H
and you shoud ready for good news about algo
ALGOUSDT trade ideas
ALGOUSDT More downsideWe will see more downside upon breaking down through the current support region. We will go back down to the bottom of the wave 2 breakout, since it was our last area of strength in the current short term cycle.
#ALGO WEEKLY CHART ANALYSIS#ALGO WEEKLY CHART ANALYSIS
Based on the created divergence and the same wedge pattern formed at the end of a downward movement, the pattern currency is in a low risk range for buying. The following targets will be available for the next six months to two years if there is adequate price support:
0.85$
2.3$
16$
54$
STOP LOSS:
UNDER 0.085
ALGOUSDTWe could see more upside if we break above the previous up trend line that Held as support for the previous Elliot waves, making a higher low and higher high.
More Downside for ALGOUSDTWe saw the triple top failing to make it past resistance, followed by a savage drop in short term price. Looking at the previous strength areas, I suggest price may move back down to where wave 2 started. Red arrows point toward potential targets. Consider following me if you like my analysis and for more trading analysis.
Algo 60%TextBook thigs i like it lets see its play or not but risk it little but rewards are too good
$ALGO - updatebouncing from vwap from last swing low
IF you recon corn is not going to sweep 30K again hop on
alternatively stop below vwap and let it run..
ALGOUSDT Short Term Trade IdeasHere we see the strongest short term trading zones highlighted with the green boxes. After seeing my previous analysis play out, we now see price moving slightly above a previous zone of strength. If the current candle closes bullish, we could see a push up to previous short term resistance point/s as indicated by the pink lines.
ALGOUSDT More short term downsidePossible Elliot wave with triple top. Another possible 5% to the downside where we see strongest short term support. I'm guessing we will see some more future pumps in the near future, judging by the other pumps we see in the crypto space.
DAY TRADING 002BYBIT:ALGOUSDT.P
Today I am trading ALGO purely and always on technical analysis. I've said before that I don't care about news and halving's and all this and that I want too day trade on the 15M timeframe forever. fluently. I have a love for trades like these I feel we will respect this new trendline for the upside, I've just picked up a limit order at the bottom here let's see!
trade safe! thanks guys.
ALGOUSDTALGOUSDT is in bearish trend and potentially printing LH and LL.
If it breaks the last LH then we will execute our trade here.
can see a deadcat bounce here 💯ALGO in bearish downtrend but recently saw a perfect bounce from trend support, break of .1208 and I think we at least see a rally to .1324-.1570 🎯before more downside
boost and follow for more! thanks ❤
$ALGO if anyone is interested in longing this can do now with a stop below 200 ema
or wait for a reclaim of range then stop just below that and pump up the leverage
.12/.15% stop at 30X
that's my plan ,
already have a long going from lower but this is greed taking over
$60 million tokens to be bought by some labs in the middle east
corn below 29K will hop off my other long
ALGO USDT PERP Hello Trader BINANCE:ALGOUSDT.P
algo the closest supply area point can be shorted for now because going long is really not recommended
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Disclamer: Not Financial Advice
Points of interest support/resistance.points of interest looking at possible resistance and support on the way up. Based on number of times price has interacted in certain ranges. Likely to move above gaussian channel in the coming weeks, assuming the market has bottomed out and looking at trends in price in other cryptos.
Worst case scenarios for ALGOCrypto is crypto. An OG crypto like ALGO will always have traders trading it. However, an inflationary crypto like Algorand will have to be seen similar to EOS, where a new ATL is common due to increased tokenomics, but same marketcap. Anyways...
Buy 1 : 0.05$
Buy 2: 0.03$
$algo- darkest before dawn n all ..HOLA ,
buddy just went degen on this with leverage
just a head's up imo we deviate below the yellow line take liquidity and then zoom up
IF you are already in a position make sure you add on that div IF we get it otherwise will regret it for a fair bit
at least it'll make a good story !
waiting on btc to make its move above 27600 then you have your confirmation of sorts to long with confidence .
Cheers!
ps:no brainer buy for any shitcoins you think will not get delisted
Bullah signsAlgo looks to want to pump a bit nice 4% is waiting, might also wick down but closing only for closures or emergency wick below trend low, not happening :P
ALGO/USDT Technical Analysis: Bearish OutlookALGO/USDT Technical Analysis: Bearish Outlook
The price of ALGO/USDT is currently trading at $0.113, which is a 97% decline from its all-time high of $3.31. The chart shows a clear bearish trend, with the price breaking down from the $1.33 level of the rising wedge. The price is now almost 90% down from the breakout level.
The price is also trading in a falling wedge, and it has recently been hit hard by the news that the SEC is suing Ripple Labs. As a result, the price has declined by 40% in the past week.
The overall outlook for ALGO/USDT is bearish. The price is likely to continue to decline and test the $0.05 level. This level could be a good accumulation zone, and a bottom could be formed here. Once the bottom is formed, the price could start a new bull run.
The next bull run target for ALGO/USDT could be $1-$2. However, it is important to note that this is just a technical analysis, and the actual price movement could be different. It is always advisable to do your own research before investing in any cryptocurrency.
Key Levels
Support: $0.05
Resistance: $0.155, $0.28, $0.77, $1.75
Disclaimer
This is not financial advice. The author is not a financial advisor and does not provide financial advice. The author is simply sharing their technical analysis of ALGO/USDT. It is important to do your own research before investing in any cryptocurrency.
Algorand longAlgorand broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.138 is expected to happen.
ALGOUSDT (1H) - Bullish reversalHi Traders
ALGOUSDT (1H Timeframe)
Waiting for the upward break of 0.1128 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 0.1069 would cancel the bullish scenario.
Trade details
Entry: 0.1128
Stop loss: 0.1069
Take profit 1: 0.1165
Take profit 2: 0.1225
Score: 6
Strategy: Bullish reversal
