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Algorand / TetherUS

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ALGOUSDT trade ideas

Algorand (ALGO) to $2On the above 5-day chart price action has corrected over 90% since the beautiful sell signal (not shown) on September 2021 @ $2.40. Now is an excellent long moment. Why? 1) A strong buy signal (not shown). 2) Price action is printing as support on past resistance, look left. 3) Regular bullish divergence. Lots of it. Do not ignore. 4) Dragonfly DOJI candle. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: trade Risk: <=6% of portfolio Timeframe: Don’t know. Return: 10x
Long
by without_worries
1
ALGO USDT (4 hour)Hi guyz As you can see, we see a divergence Also, the validly formed upward channel has been broken by the price. Also, by examining the 1-hour cloud, we see a break of the 1-hour cloud to the upside. The price in the two-hour chart has also managed to enter the cloud, and there is a possibility of touching the cloud ceiling. In this case, you can enter into a transaction with less risk, of course, for fluctuation. The first resistance of this currency is 0.1731, and we expect a partial correction from this area.
Long
by aliasadii
4
Buy yourself some ALGO for ChristmasAlgorand is one of the most sustainable blockchains. Algorand was always my favorite blockchain. And it will always be my favorite coin to invest in. Technical Analysis speaking, ALGO is trading at the bottom, it could go lower, but this is still a very good entry. And also, there are reversal signs with ALGOUSD when you look at the 1H chart. Long term plan is to buy a small among of ALGO here and then buy some more at $0.1 (if we ever get there). And the short-term plan is to go LONG here with a tight stop-loss. Long Scalping Setup: Entry: 0.17x Sl: 0.16 Tp: 0.19
Long
by Chainslab_Analytics
2