ALGOUSDTThis is my price prediction based on my technical knowledge on altcoin crypto market and this is not FA please do your own diligence Thanks!
ALGOUSDT trade ideas
Pigs get slaughteredWake up Grab a brush and put a little makeup Hide your scars to fade away the shakeup Why'd you leave the keys upon the table?
Perfect entry zone ALGOIt need a bit of time, but finally Algorand entered the buy zone I was waiting for. We can see a nice accumulation inside this zone and actually the price is trying to break out from this zone. I expect a move to the upside in the coming weeks, targeting $0.28
ALGO/USDT Weekly Chart UpdateHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
ALGO on this weekly timeframe has been in a downtrend since March 2024. The price is already down by 60%, and if the market goes bearish, ALGO is likely to drop a further 48% to 50%.
The only bullish scenario for ALGO is to break above the 50 EMA and the resistance trendline.
Key Observations:
~ Support/Entry: $0.076 to $0.0909
~ Resistance: $0.1905
~ Higher Rallies: $0.2817, $0.4679, $0.8280, $1.5124, $2.3825, $3.44.
DYOR. NFA.
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ALGOUSDT - Bullish divergence, rising wedge breakoutNext couple of days are quite bullish for ALGO!!
Algo has gone through a depression phase in last couple of months, signs of reversal.
The structure hasn't broken, Expect a 50% to 80% ride easily.
Key levels are define to take profits and keeps your trades in profits..
Algorand (ALGO): Looking For Rejection From Resistance!Algorand is looking sweet, trading just below the local resistance zone, trying to breakout from it.
We are looking for any signs of weakness to kick in near this zone in order to take a potential trade towards the support line in the lower zones!
Swallow Team
Check under your beds... those are BULLS!Buy the fear, alt season is near.
Bears are at the end of their ropes!
Bulls are coming back!
LONG like your life depended on it.
ALGO Price Analysis: Key Supply and Demand Zones (2024-2026)BINANCE:ALGOUSDT
The chart shows the price movements of Algorand (ALGO) against Tether (USDT) on a 3-day time frame. Here are some key points and features of the chart:
1. **Supply and Demand Zones**:
- There are marked supply zones around the $1.00 to $1.50 range, indicating areas where selling pressure may increase.
- A demand zone is highlighted around the $0.0820 to $0.1838 range, suggesting buying interest in this region.
2. **Key Price Levels**:
- Significant levels are marked at $0.3728, $0.1838, and $0.0820, with the current price at $0.1431.
- The highest marked level on the chart is $2.9900, indicating a potential upper resistance level.
3. **Volume Profile**:
- A volume profile on the right side of the chart shows the traded volume at different price levels. Higher volumes at certain price points suggest those levels may act as support or resistance.
4. **Breaks of Structure (BOS)** and **Change of Character (ChoCH)**:
- The chart indicates areas where the market structure has shifted, potentially signaling changes in trend.
5. **Price Action Analysis**:
- The historical price action shows peaks and troughs with specific points of interest (POI) marked.
6. **Current Trend**:
- The price appears to be in a downward trend, reaching a low around the $0.0820 mark before bouncing back to the current price of $0.1431.
ALGO/USDT MAY 2024It's been a while since our last chart update, but now is a great time to analyze some long-term patterns in altcoins. We still have a few spot trades open, and ALGO looks particularly promising with its potential for significant profits.
Currently, ALGO is showing an accumulation phase, which could lead to massive gains if it maintains the inverse head and shoulders pattern it's forming. The right shoulder is still in progress, indicating potential upward momentum.
Exit Targets:
First Target: $0.29 area
Second Target: $0.45 area
Keep an eye on the low of the right shoulder at $0.15, as this level would invalidate the pattern.
As always, ensure your money management strategies are in place. Happy trading!
Algorand (ALGO): Head&Shoulders Pattern About To Break NecklineAlgorand is looking sweet with a ncie H&S pattern where we are now at the final stage of breakdown (price is testing the neckline zone).
We are looking here for a full-scale breakdown, which would result in a movement to the lower target zone!
Swallow Team
Long-TermAltcoin season will be soon
Algo is at a 95% discount from ATH
Hold for 1-2 years
Following History when BTC moves Altcoins follow
ALGORAND CORRELATING CLOSELY WITH CHAINLINK
Very similar to Chainlink (although major ALTS are correlating very well now)but I believe more on total fall for deeper retracement for a primary degree wave 2 for BINANCE:ALGOUSDT than BINANCE:LINKUSDT (see link chart below).
OTHER ANALYSIS
ALGORAND SETS TO JOIN THE BULLRUN BUT AFTER 20% NUKE
BINANCE:ALGOUSDT shows a classical Head & Shoulder Pattern but as an Elliott Wave Trader I see it as a potential Truncated Head & Shoulder and wave 2 about to end.
When this wave 2 ends I am expecting ALGORAND to begin it bullish run for the ALT SEASON. At least a x2-5 200 - 500% is guaranteed.
Entry is anywhere in between the box and the 618 to 786% Fibonacci level while the invalidation level is at the ALL TIME LOW and the first target is $0.456 presenting us with a 6 Risk Reward Ratio.
Remember the PSYCHOLOGY behind this incoming bull run as I have explained before. now many traders are frustrated as much as the bulls and the bears are confused but as price keeps going down the bears will affirm their bias and the bulls hope will begin to shift to being bears just like when BINANCE:BTCUSDT was at 16k and then boom.
PREVIOUS ANALYSIS
OTHER ANALYSIS
BINANCE:ADAUSDT
BINANCE:PIXELUSDT
BINANCE:APEUSDT
BINANCE:NOTUSDT
BINANCE:PEPEUSDT
Long signal for ALGO/USDTThis technical analysis is based on the daily chart of ALGO/USDT on the Binance exchange. This analysis draws two price channels and evaluates support and resistance levels.
Price Channel Analysis:
The previous bearish channel is broken out, and a bullish channel is formed.
The suggested entry point is around 0.1803 USDT.
Entry and Exit Points:
Entry: 0.1803 USDT
Take Profit: 0.2532 USDT (40.43%)
Stop Loss: 0.1659 USDT (8.00%)
R/R Ratio: 5.05
Conclusion:
This analysis suggests that by adhering to the specified take profit and stop loss levels, a successful trade can be achieved. The Reward/Risk Ratio for this trade is approximately 5.05, indicating a highly favorable risk-to-reward scenario. To manage risk effectively, it is recommended to strictly follow the stop loss level.
$algo not taking this trade but a good swing if anyone fancies
thin blue line is our invalidation allow for a wee deviation and let it run till Christmas imho
considering 80% of the spot algo fam is underwater will have a lot of levels to flip for new ath
on the flip side algo whales have been accumulating for a while so ...
Algousdt Buy opportunityAlgousdt is currently exhibiting a potential cup and handle reversal pattern following a significant drop.
This pattern suggests a forthcoming bullish trend for the coin. The designated buyback zone presents an attractive opportunity for purchasing, with expected targets highlighted on the chart.
It is advisable to set the stop loss below the handle area to mitigate risks.
We invite you to share your thoughts and comments on this analysis.
Your input is valued.
Analysis of ALGOUSDT currency in the 4-hour time frame for shortALGOUSDT currency analysis in the 4-hour time frame ,which seems to be suitable for short trading
ALGO/USDT Ready for 500% upward Move?EURONEXT:ALGO Inverted H&S Pattern:
1⃣ After Breakout = 250% Potential
2⃣ RH Support = 500%
3⃣ Exit = Below Support
#algorand #ALGO
ALGOUSDT1. Profit taking strategy on ALGO.
2. Important to increase your selling as price gets more aggressive on the trend.
3. Note this just my initial plan. You can have more aggressive or conservative approach.
4. This plan is subject to change depending how alt season goes this just what I see for now.
Higher lowPossible Higher low in the making on weekly, atleast a dump,
Now we need news, somekind of war story
ALGO/USDTI am very bullish based on the chart and the news that will come about algos during the European Championship
ALGORAND/USDT Possible trend reversalIt looks like Algorand will go up after a long sideways trend. This is evidenced by the volumes and consolidation after recent major purchases. Without further ado, a breakout of the lower line means greater downside potential, and a breakout of the upper line means potential upside. Algorand is currently at a great price to risk a larger purchase, I don't expect it to fall much lower, and you can also hold it and multiply it using stacking. In my opinion, 0.17 is a great price for this coin, and we have the potential to increase up to $1 in a short period of time.
