algoThe trend is still downward, in the first step, the price can touch the midline of the channel and then see the bottom of the channel.
ALGOUSDT trade ideas
Could Algorand start a pump?As shown in chart, a clear divergency has been happened and if we assume algorand's trend will reverse, targets have shown on the chart!
ALGOUSDT is testing the 4h resistanceALGOUSDT is inside an observable ascending channel formation with the price action moving within this channel below the 4-hour resistance level.
An ascending channel is a bullish chart pattern characterized by the formation of two parallel trendlines, where the lower trendline acts as a support level, and the upper trendline serves as a resistance level. This pattern suggests a gradual and sustained uptrend, as the price tends to make higher highs and higher lows within the channel.
Traders following Plancton's rules, a set of guidelines for technical analysis, would closely monitor the ascending channel's support level. If the price were to break below the lower trendline and lose the support of the ascending channel, it could signal a potential trend reversal or a short-term correction.
In such a scenario, adhering to Plancton's rules, traders may consider initiating new short positions. Shorting involves selling an asset in the hopes of buying it back at a lower price, thereby profiting from a decline in value.
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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 🦐
$ALGoreached zoi of interest scaled in however feel anoter dippy incoming
time to wear your big boy pants
ALGOUSDT 💥 ALL TIME LOW coming through soonIt's been on a strong downtrend even after the BTC mini bullish trend, it didn't reverse a flick. Per Ichimoku analysis this is going to the all time low at about 0.11 - 0.09 So brace yourselves!!
Then we can think of buying if there's any demand at all.
Happy Trading!
Kina 💥
Algousdt GemHi friends Hope you r doing well
As you can see on chart algorand is getting close to an attractive area which price will be boomed everything on chart
First entry can be 0.1294
Add more in dip
if price catches the buy zone
Ekil 👍
ALGOUSDT is moving in a descending channelHello everyone. I found an interesting and beautiful graph for the ALGOUSDT coin. The coin has been in the channel for about a month and clearly fights off its borders. After yesterday's red day, we should expect a respite and a small hike up all the coins. ALGOUSDT has a great option to go long to the upper limit of 0.15.
ALGUSD Buy TF M30 TP = 0.1444On the 30 minute chart the trend started on June 5 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.1444
But do not forget about SL = 0.1296
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
ALGOI've made the decision to buy some ALGO (ALGORAND) with a target of 0.16, 0.17, 0,18 and a stop at 0.144.
The information provided here is for informational purposes only and should not be considered as financial or investment advice.
What after the test?After completing the test for a previous support area that was strong and has now turned into a resistance area, he had to complete the remaining C wave of five internal waves.
Just so You can see That's the resistance I've been talking about. Big pump should follow but with algo it's not that certain lol. Very low risk anyway
ALGO buy signalALGO looks like an interesting position to buy. Capitulation Signal (gold stripe) signaled in line with major high time frame trends
Accumulate ALGO in SpotWe can see a falling wedge forming on Daily time frame with a bullish divergence on RSI.
Besides all the indications ALGO is in a really good price to be accumulated for the future.
Im accumulating at this price level and will accumulate more if we visit 12 and 9 cents.
DYOR
Finally Algo Breaks Falling Wedge Seems Like Algo Is Ready For bullish Impulse Falling Wedge Breakout Has Already Confirmed Retesting In Process Incase Of Successful retest expecting 25v to 30% b ullish Wave
ALGOUSDT at weekly support and likley to move up from hereThis one is approaching towards the its lows. There is a monthly and weekly level almost close to the current price. It may breach that for a while but I expect it to hold that level on weekly time frame and bounce from there. If it does bounce, I see it aiming towards daily and then probably weekly resistance.
The price has finally hit the weekly support which is also monthly support level. I believe this is going up from here but as said before, it may dip briefly on intra week basis.
Algorand Divergence - use case - AdoptionIs Algorand establishing its new value ? the adoption is really amazing though
$ALGO looking for small risk high reward plays
this hourly reclaims white squiggly should be good to go ..
targeting 200 ema on H4
ALGO - 3D Bullish DivergenceALGO has been beaten down the past couple weeks, but has recently started showing some strength from the lows.
Lets first examine the bullish divergence we see forming on the 3D. We had a lower low in price action, but our relative strength index has formed a higher low! This shows buying strength at these lower levels. We also see that our RSI is trying to bounce exactly off oversold conditions!! Price is also around the same price levels of the 2020 covid crash! What a bargain. Accumulating at these levels for ALGO will make you look like a superstar during the next bull run.
Also, I have outlined some key price levels in the short term (based on Fibonacci) that we can watch for in the next coming weeks/ months.
ALGO/USDT looking for a re-test?Hey guys 👋
We are back with ALGO coin here so let's see what we have here. Well first things first, we see a good probability of a re-test to happen to upper zones but as we do not have a strong support on lower zones it is very risky to take a position here. We are going to wait for opening of the week to see how overall market is going to be.
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.
Bulls in Control: #ALGOUSDT Breaks Channels, Sets Sights Higher💎#ALGOUSDT shows promising signs of a bullish reversal! The formation of a double bottom, coupled with a successful break above the descending channel and supply/demand zone, suggests a potential price increase towards the 88.6% Fibonacci retracement level and the 200 Simple Moving Average. Currently, price is supported by the 61.8% Fibonacci level. If the support holds, we could see a rapid rally.
💎However, a break below the support may lead to another wave down before a potential pullback.
💎Watch closely for any price action below the double bottom, as it could indicate a continuation of the downtrend.
Is a Reversal Brewing for #ALGOUSDT?💎After breaking below the ascending channel, the downtrend in #ALGO has been consistently strong. But today, on the 4H chart, we are witnessing a Hummer Candlestick Pattern, a potential sign of a reversal.
💎 Additionally, there's a clean bounce off the 461.8% Fibonacci support, which could indicate a potential bullish reversal. We need to confirm this on the Daily chart. If the current low holds until the daily close, it could be seen as the first bullish reversal signal.
💎 But let's not jump to conclusions just yet, Paradisers. We must remain cautious and acknowledge that discussing an uptrend at this moment would be premature. To establish a solid bullish outlook for #ALGO, it must break and sustain above the supply zone and the downtrend trendline.
💎 The MCP team is closely monitoring the current support level, and we'll keep you updated on any further price developments. Stay tuned, stay informed, and stay ahead of the game!
