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Algorand / TetherUS

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ALGOUSDT trade ideas

ALGO/USDT "Double Bottom" = weak one? Hey traders 👋 Let's look at ALGo coin here on daily chart with a nice potential of a breakdown to happen here. We see that this one has formed a nice "double bottom" pattern where it is trying to find a decent support at that second leg but struggles to do so. If Algo won't find a good support there then we have a great chance of a breakdown to happen BUT if we do see a support to occur there then you know what to do)) 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.
by SwallowPremium
1
ALGO/USDT "Double Bottom?"Hey guys 👋 Another coin that caught our attention here is ALGO coin with a great potential for a bullish movement here to happen soon! Waiting for the outcome which can result to at least 20% growth! 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.
Long
by SwallowPremium
14
ALGORAND - Massively bullish, 100% upside potentialALGORAND has recently come out of a downtrend... and currently facing resistance around the 0.225 - 0.24$$ region. the question is what is the safe entry for this? the token has extremely strong support at the 0.21$ region, an aggressive entry can be taken around 0.215 - 0.21 $ A safer entry can be looked at around the 0.19 - 0.2$ region. This entry can be achieved if BTC retraces back to 29000$ level before continuing its journey to 38 - 40,000 $ level. after that is a rocket ride. let's see if PA takes turn in our side
Long
by crypto_gambler_
5
Algo Bulls Need FuelLooking at Algorand/USDT 4H on Binance, it seems like there is a long road ahead for ALGO bulls. We see two recent rejects at the .5 FIB / $.24. The retracement found support on the 200MA but the subsequent bounce was unable to fully recapture the .382 FIB at $.225. I'd expect some chop between the 200MA & .382 then a drop down towards $.21. With the two rejections in place at $.24 and little volume supporting the 200MA bounce, I'm generally bearish in the short & long term on Algo. The volume spike that drove it from $.19 to $.24 seems anomalous and without any real momentum. Should bulls get the fuel they need from somewhere in the ecosystem, its a tough road towards the long time resistance at $.26 (white line). I'd expect multiple attempts & failures at recapturing that level, especially with the .618 so close to it. With so many other charts & cryptos showing bullish indicators, Algo is a tough technical sell in current form.
Short
by ChartswithChip
7
$ALGO - rise up .. long time no see my friend. algo bulls would be hoping the longer the accumalation the bigger the pump innit ?? anyways bid as close to blue line or .2050 and stop tad under it tbh looked at algo cause i figured the risk would be the least if you're an algo hodler id say try doing a 3x on your spot bags defo get more than staking it or hodling lets see how this goes not getting a bag just recon its time this started doing something ... wide stop .2016 or 8% from here tighter .2048 target blue line or 144% opening on this a separate account so either i get stopped or target hits ( patience needed )
Long
by CompoundingGain