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
ALGOUSDT trade ideas
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
Algorand futureAnother idea, another scenario, everything about crypto resembles 2015 bitfinex's scandal. If so, it could be interesting to compare Algo to xrp back in the early days.
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.
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.
–––––
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
