ALGOUSDT trade ideas
2nd :buying for long-termHey guys
Algo is getting ready for buying
This coin was supported in the range of this level such as before in the other way if you observe ichimoku lines; lagging span will approach red cloud .therefore, Algo will have shadows and impulses it is early to buy now . We would wait for buying i predict approximately 100_120% rise after forming this pattern.
Have a good time ;)
ALGO Short Setup After a Little CorrectionOKX:ALGOUSDT
We do not like to open position through the C point to D point but there is a solid increase possibility.
If you like risk you can open position by targeting the D point or near D point is more meaningful.
We use moving averages by targeting these kind of positions.
Anyway, the main position is short setup which completes at D point is also a shifter rally point.
Two side of position needs to trigger with a price action as you know.
May the force be with you.
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))
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Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
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.
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
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.