ALGOUSDT.P-BEARISHA downtrend descending channel,
a sell stop entry at last LL,
EP:0.0970
SL:0.0990
TP01:0.0950
TP02:0.0930
ALGUST trade ideas
#ALGO/USDT is trying to hold the Diagonal Trendline in 4-Hour TF#ALGO/USDT is trying to hold the Diagonal Trendline in 4-Hour TF!
EURONEXT:ALGO local support level is PDL $0.09745. Breakdown, this level is bearish, and it can retest PWL.
Wait for BO/retest to Short it.
💡Trade Idea #ALGO/USDT:Rounding bottom was formed on #ALGO. Now it’s trying to break through that blue resistance. There is a chance for us to see the price retesting at the top of that trendline.
ALGO x30 Future Profit !?!?- Almost two straight years of loosing price, i believe is great opportunity to buy ALGO at 0.10 for long term investment.
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- If pattern repeat it self, as history likes to do, then we could see a W formation which means price could go up to 3.00
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- Green lines are my TP
- My SL woud be at 0.07
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*This is not a finacial advice , just an idea of mine. Trade safe !
ALGO shortAlready has a broken structure signaling that the price is going down. Also, price respects the supply zone, a possibility to go back to its immediate support or create another lower low.
algo getting ready for breakout seems like algo getting ready for massive bullish rally in midterm
formed falling wedge in 3 days tf and approaching towards upper trendline i am also expecting breakout soon
in case of breakout expecting 260 t0 300% Bullish Rally in midterm
ALGO short TP's in short term's///I Have Tried My Best to Bring the best Possible outcome in this Chart.
TP's and everything's you need marked on the chart.
In case of this scenario happen PLZ set your SL at first .
All important support and resistance's in Short term marked on the chart.(Scroll your mouse on the chart for more view)
It's Not a financial advise.
PLZ DYOR
With hopping succe
ALGOUSDT LongAlgorand Bullish setup, Bulls are in the process of buying, they will sell in on supply red zone, I think bulls will renew this resistance and price will go above the 0.1$
ALGO TREND BREAKOUT AND DISTRIBUTION LEVELALGO has confirmed a bearish breakout on the trend line formed. Here we are required to confirm a breakout on the support which has been created with the distribution zone. Once the price confirms a breakout, we can expect a downside momentum which can be easily retest a level close to $0.093 or below
ALGO: Bullish Signal - Inverse Head & Shoulder PatternALGO: Bullish Signal - Inverse Head & Shoulder Pattern
The price completed a bullish pattern by signaling in this way the chances for
a possible bullish movement.
it could be a limited movement but the pattern looks solid and the targets
is also a reasonable target for this pattern.
You may find more details in the chart.
Thank you and Good Luck!
Algo go downas i guess there is a good situation to sell Algo usdt
the price reach demand zone and reverse
there is 3 profit level as shown
best Leverage for this postision 2X not more.
have a good trade
$ALGOas mentioned before this is a deviation and still trying to catch the reclaim
looks like we attempt 958 again IF we fail to flip then 740 is where i recon i knife catch ..
Support Breakdown and Potential ReboundOver the past few weeks, ALGO has experienced a notable decline, with its value falling below the crucial support level of $0.10. This downward movement can be attributed to a combination of substantial selling pressure and a noticeable absence of strong demand. Even the previously established floor for this cryptocurrency, which was situated at the $0.090 price point, was breached during this period.
Consequently, we find ourselves in a situation where there is a scarcity of historical price data at this particular level, and a new All-Time Low (ATL) has been formed. Given this circumstance, it is prudent to exercise caution and adopt a wait-and-see approach until clear indications of a potential trend reversal emerge.
Looking ahead, the next support level for ALGO is estimated to be around $0.0750. This level holds the potential to elicit a positive market response, potentially sparking a rebound in the currency's value. Nevertheless, it remains advisable to exercise patience and monitor the market closely for any discernible signs of a forthcoming change in the prevailing trend. This cautious approach will allow investors to make more informed decisions in this uncertain market environment.
ALGOUSDT capitulationDownside is continuing. I have not seen any strength or signs of bullishness in ALGOUSDT as of yet, and have not been trading at all. I am expecting more down side as the recent trading ranges have collected all liquidity and there is now a lack of liquidity to move price higher. Capitulating to the downside will allow new buyers to enter the market and allow those who have taken profit to re-buy into the market. Many retail traders are trying to get in at the "bottom" of the market, but it is still too soon.
$algo looking for a reclaim of 958
longed here more so out of boredom , with a invalidation below yellow line 1.3%
reversal will be an impulse and these levels are a no brainer spot buy
ALGOUSDT wants the breakout?ALGOUSDT is currently exhibiting a falling wedge pattern. This pattern is characterized by converging trendlines that slope downward. In this context, the falling wedge suggests a period of consolidation and uncertainty in the market.
According to Plancton's trading rules, which are followed by many traders in the cryptocurrency market, a potential long trade could be considered if the following conditions are met:
Breakout from Weekly Resistance: The first condition is a breakout from the weekly resistance level. A breakout above this level would indicate a significant upward movement in the price and could be interpreted as a bullish signal.
Retest as New Support: Following the breakout, it's important to see a retest of the previously strong resistance level, which should now act as new support. This retest helps confirm that the breakout is legitimate and not a false signal.
In this scenario, if the price of ALGOUSDT manages to break out convincingly above the weekly resistance level and subsequently retests it as new support, it aligns with the principles outlined by Plancton. Traders who follow this strategy would consider opening a new long position, anticipating that the price may continue to rise.
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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 🦐
Algo Possible Playout ChartThe Algorand movement is predicted to undergo a weakening of its price, from a technical perspective. Algo has indeed confirmed a flawless breakdown from its bearish flag pattern. The breakdown has been accompanied by a significant surge in trading volume, indicating an impending decline in Algo's value. This scenario suggests that Algo might experience a downturn in the near future.
Algorand is a blockchain project that aims to provide a scalable and secure platform for decentralized applications and smart contracts. It employs a consensus mechanism called Pure Proof of Stake (PPoS) to enhance security and efficiency in transaction processing and validation.
ALGO /USDT bullish scenario? 👀 🚀 Algo today analysisParadisers! Buckle up for an exciting opportunity with ALGOUSDT. Currently, it's in a demand zone and looks set to make a bullish move👀
💎Right now, ALGO holding a crucial support level and moving within a specific range. It has faced some resistance from a bearish order block within this range.
💎 Momentum is picking up, and it's likely that the price Algorand of will break through the order block and aim for higher levels. However, if selling pressure kicks in and the price breaks below the support level, it could be a prime shorting opportunity.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
ALGOusdtALGO buy set up.
Disclaimer: The trading signals provided are for informational purposes only and should not be considered as financial advice. Trading in financial markets involves substantial risk and is not suitable for all investors. Past performance is not indicative of future results. The sender of these signals is not responsible for any losses incurred due to trading decisions based on the provided signals. Traders are advised to conduct their own research and seek advice from qualified financial professionals before making any trading decisions.
Algorand - Good signs for long "Bullish"Show some strong signs to go long:
1- Double Bottom and break nick line in 4H Timeframe
2- Bounce form a channel lower bound
3- Break Weekly VWAP
4- Bullish Divergence
target will be:
TP1: 200ma
TP2: trendline
algo potensial shortalgo potensial break down again after failed close above 0.1031$
i think move to 0.0638$
short posision OP 0.1005
TP 0.0638$
My Algorand Bull ThesisBullish RSI Divergence: since June 23rd, about 70 days the RSI has been gaining strength since a mayor sell off, while the price continues to decline. Divergence also showing up on 4hr, 1hr.
In my humble analysis I would argue Algorand is severely oversold at this point.
New All Time Low: Price is currently 0.0971
Major Falling Wedge!
Down about -45% in last 100 days.
Down roughly -96% since start of bear market
200-Day Moving Average 0.17
Before The bear market started Algo was trading around 2 dollars, respectively. If crypto currency markets reach previous all time highs which is likely to happen one day, that's about 2,200% gain.
