My point of view for ALGODear Follower I got a multi request to analyze ALGO I see ALGO most likely will hit $17 as a final target I recommend liquidate 50% of your fund at that price then start use a trilling stop under each last new bottom for the rest of the fundLongby AlQasim_Analysis7714
ALGO/USDT Price Prediction - 1WTrend Prediction - ALGO/USDT Forecasting Resistance and Support Lines **** Yousef Sharafi **** Follow me here for more analysisby TraderAI20502
ALGO symmetrical Triangle BINANCE:ALGOUSDT There is Dangerous Triangle for ALGO. Market is bullish but this situation related with CRYPTOCAP:BTC.D . If dominance can break down altcoins increasing may continue.by CrypDesk0
Fake out, Break bull flag / re test. BULL RUNWe have FOMC with a 90% Probability of interest rate cuts on the 18/12/24. A lot of money is waiting on the side line, we are expecting a small fake out, then on the rate cut decision we will see a huge buying pressure. Low target is 0.60 High target is $1 Right now would be a great entry with a potential 136% gain within the next 5 days. LET GO ALGO!! Longby KGHP6615
ALGOUSDT | Mapping Out Possibilities | Near Term (12HR)ALGOUSDT | Mapping Out Possibilities | Near Term (12HR) As part of my profit taking strategy, I like to go through and map out potential levels of interest based on semi-bullish to very bullish mock up price action using fractals and fibs. Based on concept of money flow... BTC, then ETH, then Large Caps, Then Mids and Smalls, I am personally heavier skewed loaded up on mid to small cap coins with bullish chart setups and high profit potentials. ALGO ready to explode. I think most people forget that it was price suppressed because of SEC drama. Additional altcoin near term and midterm chart ideas listed below. GRASSUSDT | Mapping Out Possibilities | Mid Term (1D) XUSDTUSDT | Mapping Out Possibilities | Mid Term (1D) MYRIAUSDT | Mapping Out Possibilities | Mid Term (1D) GHSTUSDT | Mapping Out Possibilities | Mid Term (1D) DOGSUSDT | Mapping Out Possibilities | Near Term (4HR) DEGENUSDT | Mapping Out Possibilities | Mid Term (1D) MANEKIUSDT | Mapping Out Possibilities | Mid Term (1D) CSPRUSDT | Mapping Out Possibilities | Mid Term (1D) WLDUSDT | Mapping Out Possibilities | Mid Term (1D) GODSUSDT | Mapping Out Possibilities | Mid Term (1D) AXSUSDT | Mapping Out Possibilities | Mid Term (1D) CHZUSDT | Mapping Out Possibilities | Mid Term (1D) OGNUSDT | Buy Now, Thank Later | Near Term (4HR) XCHUSDT | Buy Now, Thank Later | Near Term (4HR) VRAUSDT | Buy Now, Thank Later | Near Term (4HR) CSPRUSDT | Buy Now, Thank Later | Near Term (4HR) PERPUSDT | Buy Now, Thank Later | Near Term (4HR) TLMUSDT | Buy Now, Thank Later | Near Term (4HR) DODOUSDT | Buy Now, Thank Later | Near Term (4HR) LPTUSDT | Buy Now, Thank Later | Near Term (4HR) VRAUSDT | Buy Now, Thank Later | Near Term (4HR) XCHUSDT | Buy Now, Thank Later | Near Term (4HR) CSPRUSDT | Buy Now, Thank Later | Near Term (4HR) VELOUSDT | Buy Now, Thank Later | Near Term (4HR) UMAUSDT | Buy Now, Thank Later | Near Term (4HR) OGNUSDT | Buy Now, Thank Later | Near Term (4HR) DOTUSDT | Buy Now, Thank Later | Near Term (4HR) VIDTUSDT | Buy Now, Thank Later | Near Term (4HR) BTCUSDT | Alts Poised to Explode | Near Term (2H) Mock Up Price Action for ALGOUSDT | Mid Term (12HR) MYRIAUSDT | Interested to see where this goes | Mid Term (2D) Mock Up Price Action for VRA w/ Timeline | Mid Term (3D) Mock Up Price Action for XCH | Mid Term (12HR) OGNUSDT | Interested to see where this goes | Mid Term (3D) Mock Up Price Action for CSPRUSDT | Near/Mid Term (2D) VIDTUSDT | Interested to see where this goes | Mid Term (3D) RAREUSDT | Interested to see where this goes | Mid Term (3D) Longby Trevictus4
ALGOUSDT 2H: Descending Wedge Breakout - Bullish ContinuationThe ALGO/USDT pair has formed and broken out of a descending wedge pattern, which is typically a bullish continuation pattern. The price action shows a clear upward momentum after breaking the upper trendline resistance, suggesting the potential start of a new upward movement. Key Technical Observations: The primary trend had been bullish before entering the wedge consolidation, with price making higher lows during the broader uptrend. Within the wedge, we saw contracting volatility with lower highs and lower lows, but the breakout occurred with increased momentum. Support has formed around the 0.464 level, which previously acted as resistance, demonstrating a successful support/resistance flip. Price Targets: 1. Initial target: 0.6054 (previous resistance level) 2. Extended target: 0.7398 (projection based on the previous upward movement) Trading Setup: - Entry Conditions: Price has already broken above the descending wedge resistance and shown initial confirmation. Current price at 0.4374 offers an entry opportunity with the trend. - Initial Stop Loss: Place below the recent swing low at 0.4200, providing adequate room for normal market volatility Risk Management: - Stop Loss Placement: Below the wedge pattern's support trend line to invalidate the setup - Position Scaling: Consider entering 50% position now and adding 25% at each retest of broken resistance - Market Conditions to Watch: Overall crypto market sentiment and Bitcoin's price action Additional Considerations: The breakout is occurring with increasing volume, which adds credibility to the move. The prior uptrend's strength suggests this continuation pattern could have significant upside potential. Trade Validation: - Bullish Case: Sustained trading above 0.4400 with increasing volume - Invalidation: Clean break below 0.4200 would negate the bullish setup Market Context: The crypto market has been showing signs of renewed strength, which supports the bullish case for ALGO. The clean break of the wedge pattern aligns with broader market dynamics, suggesting higher probability of success for this setup.Longby Achilly3
ALGO is ready for more!Detailed explanation in video. Will try to update if we break the low. Invalidation: a M15 close bellow the local double bottom lowLong02:41by gazurUpdated 0
ALGO - don't get shaken outhi traders Some days ago, we published the idea where we predicted ALGO to correct before continuing an uptrend: We believe that after that correction, ALGO is ready to continue the uptrend and now it's just consolidating and preparing itself for a big breakout. If you're in a position, don't get shaken out as the breakout may occur in the next few days. The technical target is around 0,75$ and at this level we can expect some sort of pull-back due of profit-taking. Good luckLongby vf_investment10
Algorand (algo)Algo usdt Daily analysis Time frame 4hours Risk rewards ratio >1.3 👈 Algorand rank is 40 and market cap 4.21 NYSE:B It's all time high is 3.28 $ and you can see , good growth for this in altseason Algorand is a self sustaining decentralized, blockchain base network that supports a wide range of applications. This system is secure, scalable and efficient All critical properties for effective applications in the world. Algorand will support computation that requires reliable performance guarantees to create a new formes of trust. Technically we have no resistance in the way of my first target. Just a weak resistance in 0.69$ area. Longby Habib-TafazoliUpdated 1
Algo LongThe formation of a bullish flag pattern indicates a price increase to the 0.60 range.Longby AlirezaTite1
ALGOUSDT Buy Zones IdentifiedThe cryptocurrency market faces uncertainty, with a chance it may not recover by year-end. To navigate this environment, I’ve adjusted my buy positions significantly lower to account for potential downside risks. For ALGOUSDT, the blue boxes highlight key support zones where I would consider entering as a buyer. These areas are strategically chosen for their potential to provide strong support and favorable risk-reward opportunities. Key Details: Buy Zones: Blue boxes marked on the chart Risk Management: 0.25$ Target: Watching for a bounce and momentum confirmation to the upside Caution and discipline remain paramount in these market conditions. Disclaimer: This is not financial advice. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying AreasLongby UmutTrades229
Catching Dips any Coin with Spiderline !The Spiderline is a concept in cryptocurrency that refers to a specific strategy or indicator used in technical analysis to identify key support and resistance levels on the price charts of crypto assets, particularly Bitcoin. This concept is based on retracement levels or structures calculated from historical market data. Here are the key points to understand the Spiderline: Origin: It is often used by experienced traders to visualize critical zones where the price has historically reacted (bounced or been rejected). These zones are derived from specific lines on the charts based on previous Bitcoin price movements. Usefulness: - Identify support levels: where the price could stop during a decline. - Determine resistance zones: where the price might struggle to move higher. - It also helps plan entry and exit points based on the likelihood of market reactions. Differences from traditional indicators: Unlike tools like moving averages or the Relative Strength Index (RSI), the Spiderline is more specific to Bitcoin's historical behavior and is often used over longer timeframes. Associated strategy: Traders use it to refine their buying or selling decisions, avoid trading against strong trends, and manage their risk effectively. Credit Inspired by #Cryptoface Education04:42by paullefebre92115
Bullish Penant for algo ?I can see a bullish pennant being formed on the 4H time frame. As we can see Algo was able to hold its position on the dynamic support from the pennant, and the price was not push by the previous low which was aroung 0.43. Longby czguintoUpdated 2
Algo Bullrun?Huge setup. For lottery purposes. I am an amateur trader. I sometimes enter into trades. Other times it is only an analysis. Trade with your own risk awareness. Longby seyyido2
ALGOUSDT - bears may attack soonhi traders, The price is retesting a key support. If this support fails, bears may attack and the price may drop even 20 %. How to trade it: If you want to short ALGOUSDT, wait for the price to break down . Look for the volume surge to avoid the false breakdown. You can also wait for the price to break down and give a bearish retest. Target is shown on the chart. Good luck Shortby vf_investmentUpdated 6
Algorand trading the rangeHere’s a detailed description of the trade idea for Algorand (ALGO): --- **Trade Idea for Algorand (ALGO/USDT)** - **Entry Point (Buy):** $0.4598 This level represents a key support area identified through detailed technical analysis. It has been selected as the optimal entry point to maximize the risk-reward ratio. - **Take Profit Levels:** 1. **$0.4920**: A short-term target corresponding to a local resistance area and recent price consolidation. 2. **$0.5264**: An intermediate target near a stronger resistance zone, offering an opportunity for partial profit-taking. 3. **$0.6240**: The ultimate target, aligning with a significant resistance level and suggesting the potential for a substantial upside move. This strategy balances short-term gains with longer-term opportunities while adhering to prudent risk management.Longby saturnv4223
ALGO Descending WedgeI can see a descending wedge pattern forming on the 1H time frame. Currently, we are below 20,50,200 MAs. If we are able to breakout from the wedge and form a golden cross, I can see the price go back and retest the 0.5 resistance area. If it breaks out, we may see another retest on 0.6. Also, its blood bath mondays as always.Longby czguinto0
ALGO Breaks Equilibrium, 400% Gains To ComeALGO breaks the channels equilibrium level, which set's itself up to test the upper resistance level for an additional 400% return. Should ALGO break above this, we could see upwards to 1000% return this cycle. Algorand (ALGO) is a prominent blockchain platform designed to provide high performance, scalability, and robust security through its unique Pure Proof-of-Stake (PPoS) consensus mechanism. This approach enhances decentralization by allowing anyone holding ALGO tokens to participate in the network. Unique Features and Industry Role 1. High Transaction Speed and Scalability: Algorand processes transactions in under four seconds and is capable of handling over 6,000 transactions per second, making it one of the fastest blockchains available. This is ideal for applications requiring quick and secure transactions, such as decentralized finance (DeFi) and enterprise solutions. 2. Sustainability: Algorand is a carbon-neutral blockchain, emphasizing eco-friendly operations through innovative consensus and energy-efficient practices. 3. Innovative Developer Tools: The launch of AlgoKit 2.0 introduces user-friendly development tools, integrating Python support for blockchain application creation. This positions Algorand as a platform accessible to developers with minimal blockchain expertise, potentially expanding its ecosystem further. 4. Advanced Upgrades: The move to a peer-to-peer structure improves communication between nodes, reducing reliance on centralized relay nodes and enhancing network resilience. These changes aim to foster decentralization and user engagement. Recent Developments 1 . AlgoKit 2.0: Launched in 2024, it simplifies the development of decentralized applications (dApps) by incorporating debugging tools and secure coding frameworks. 2. Dynamic Round Times: Transactions per second (TPS) have been increased by approximately 10%, further optimizing performance. 3. Incentive Updates: The network plans to reward contributors to its consensus mechanism, encouraging higher participation and staking activity. Market Metrics Current Market Cap: Around $4 billion, positioning it among the leading blockchain projects. Growth Potential: Despite a relatively modest market cap compared to giants like Ethereum, Algorand's strategic updates and eco-focus position it well for long-term growth. Use Cases Algorand is gaining traction in sectors such as: Central Bank Digital Currencies (CBDCs): The platform has collaborated with various governments to explore blockchain-based digital currencies. DeFi and NFTs: It supports a growing ecosystem of decentralized applications and digital collectibles. Enterprise Solutions: Algorand is increasingly favored for projects requiring scalable and efficient blockchain infrastructure. Future Outlook With ongoing advancements and a commitment to developer accessibility, Algorand could attract a larger user base. While current price movements may not reflect its potential, the focus on innovation and incentives indicates a long-term growth trajectory. If adoption accelerates and the ecosystem continues to mature, Algorand could significantly expand its market share in the blockchain space.Longby Who-Is-Caerus8
Algo usdt 20% potential spot tradeALGO/USDT is showing a promising 20% potential in the spot market, supported by increasing trading activity and bullish sentiment. A breakout above key resistance levels could drive further upward momentum, making it an appealing short-term trade opportunity.Longby cuteMoth171401
Trading opportunity for ALGOUSDTBased on technical factors there is a Buy position in : 📊 ALGOUSDT 🔵 Buy Now 🪫Stop loss 0.4242 🔋Target 1 0.6262 🔋Target 2 0.7676 🔋Target 3 0.9696 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝 Longby Dezh3
Algo Bullish Flag Algo BINANCE:ALGOUSDT can reach next target $0.7860. There is a Bullish Flag pattern. Algo was staying around 0.45 dollar for long time. it can turn back to game more powerful.Longby CrypDesk333
ALGOAfter going through a brutal bear market ALGO is ready to make new All time HighsLongby Migoreng_wrap1
ALGO to the moonALGO using Elliot Wave Theory. ALGO went through a brutal bear market but is now finally able to go through its 2nd bull cycle Longby Migoreng_wrap1110