ALGOusdtThe trend remains bearish, with no indication of a reversal to an uptrend. The failure to retest the .1121 resistance level shows weakness in buyer activity.
ALGUST trade ideas
ALGO Yearly RangeBINANCE:ALGOUSDT
Possible Targets and explanation idea
➡️If we take a look on yearly chart we just got a simple range
➡️Top. Bottom at 0.0958. 2 test of equilibrium End of hype
➡️Crashed and formed historical lower low and deviation of range 0.0901
➡️Bullish road to 2 main monthly gaps and euphoria to deviation at the top 3.45$
➡️That time or we will break deviation and going higher or come back in a range again
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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ALGO • Algorand • CRYPTO SHORT TF H1 , TP = 0.1067#ALGO • Algorand • CRYPTO
SHORT TF H1 , TP = 0.1067
The trend continues, the nearest support level according to my calculations TP 0.1067
ALGOUSD ❕ descending triangleThe asset is moving in a descending triangle.
The price continues to hold the support level.
I believe that the chart will bounce from the current level.
ALGO : Sky or fallHello.
Very Nice symetrical triangle. All info on chart
Ultimate Target 0.16
Ultimate Down 0.06
Many TP.
Good luck all.
ALGO/USDT looking breakdown! Hey traders 👋
ALGO coin is first that we will be taking a look at during the weekend where we see a nice potential for a breakdown to happen here soon! Why do we think that?
Well first of all let's look at 200EMA which is considered an upper resistance here as well. It has been rejecting many times the market price of ALGO meaning there is not enough volume behind it. This can lead to lower zones to be reached with a nice kickstart from a breakdown near current market price of $0.1111
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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.
Harmonic Crossroads for ALGO Long SetupOKX:ALGOUSDT.P
Actually it is so simple to trade this setup.
We have 3 bullish harmonic which are indicate the same level. It doesn't matter to the point level. When we reach under 0.1 we will be seeking for bullish price action. As soon as we find it we will arrange our risk reward ratio and execute it.
Good Luck Everyone.
May the force be with you.
ALGOUSD: watch for breakoutI am bullish on this. Watch the price and buy if it broke the resistance line
ALGO S&R in short-mid term>>>>I Have Tried My Best to Bring the best Possible outcome in this Chart.
ALGO have a good potential for spot trade for mid term.
Based on moving in static support's zone in long term time frame 0.8-0.10 and by pass from 0.15 can start strong upside trend to next resistance's,
So it look's good to buy 1 step in daily time frame's correction.
All important area's in long - mid - short term marked on the chart.
It's Not a financial advise.
PLZ DYOR
With hopping success>>>
ALGO target 0.16~0.174h time frame
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ALGO approaching history low and creating triangle structure here.
Support from uptrend is good entry to set a long trading plan.
TP: 0.16~0.17
SL: 0.089
#TOBTC #LQR #AlgorandThese important Support level are painted on Chart , Fibonacci Level on 1.618 & " 2 "
you may have you plan when price is there...
Bullish Confirm level needs to be Broken.
ALGOUSDT - Bear FlagALGO is currently forming a bear flag on the daily chart following a sharp price decline, indicating a potential continuation of the downward trend.
The pattern is further supported by the downward trend in volume. Currently, the price is experiencing a brief consolidation phase.
Now let's monitor any breakouts below the lower trendline, and a breakout with a high volume would further confirm the validity of the breakout.
$ALGO worth a shot here if any one fancies
bitcoin may dip wee more but in bounce area now .. so your call
ALGO coin, which is currently trading at $0.1Hello, everyone!
Recently, I've been paying attention to the ALGO coin, which is currently trading at $0.1. It's interesting to note that at its peak, this coin reached a price of $3!
I'm optimistic about the prospects of this coin and will be anticipating a 10-20x increase in its value! However, of course, I'm aware that the price could drop to $0.05, and in that case, I'll consider the option of buying more.
What particularly appeals to me is the fact that ALGO has its own blockchain, which could serve as an additional incentive for the coin's price growth in the future.
If you have any thoughts on ALGO or any advice regarding cryptocurrencies, I'd be glad to hear your comments! 🗣️
Dr Silvio Micali and his blockchain AlgorandAlgorand in order to overcome resistances above must burn Tokens... Dr Micali ?any News??
What was your aim of Algorand's IPO?
ALGOUSDT 2D#ALGO is moving inside the Falling Wedge pattern. In case of breakout it can reach to $0.1538 and more. Looks promising!
Algo and Dr MicaliAlgorand after a fully deep downward trend must move upppp... And I hope it's founder Dr Micali has some strong news to support upward trend,otherwise what would be the benefit of a blockchain created by a turing award winner and a shitcoin like boo boo and joo joo!?
ALGO/USDT looking for a breakdown! Hey traders 👋
Let's start this day with ALGO coin with a nice potential for some bearish movement here! Wit h multiple rejections near crossover of EMA we see that price has been weakening ever since but at the same time small bullish trend line has been respected as well!
We are looking for bearish movement here where BB indicator is ready for a turnover here and EMAs are holding strong. Currently we want to see that breakdown of trend which will give us another confirmation of short-term bearish movement!
P.S Remember that weekends are not the best times for trading so do keep your risk management in order!
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.
ALGOUSDT breakout soon?ALGOUSDT is currently in the process of testing the $0.11 area, and it is contained within a Falling Wedge pattern. The Falling Wedge is a bullish chart pattern that often suggests a potential trend reversal from a downtrend to an uptrend. It is formed by connecting lower highs and lower lows with two converging trendlines, creating a wedge-like shape.
Additionally, the price has recently retested the weekly support level at the $0.1 area. A retest of support occurs when the price briefly moves back to a previous support level after a breakdown, and this level is once again tested to check if it now acts as resistance.
According to Plancton's rules, traders will closely monitor the price action around the $0.11 area and the Falling Wedge pattern. A decisive breakout above the upper trendline of the Falling Wedge, accompanied by significant trading volume, would be considered a breakout signal.
If the price successfully breaks out above $0.11, Plancton's rules would suggest a "new long" trade. This means that traders would consider opening a long position on ALGOUSDT, expecting the price to continue its upward movement.
Regarding profit targets, traders can use various technical analysis tools to identify potential upside price targets. Fibonacci extensions, previous resistance levels, or the height of the Falling Wedge pattern itself can be utilized to estimate possible price objectives.
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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 🦐
ALGOUSDT - and a constant fallHello everyone Today we will look at one of the few coins that stands out from the crowd with its constant fall - ALGOUSDT. No matter what happens, the price always jumps steadily down the stairs. Therefore, this is an idea for those who are looking for shorts. In my understanding, the coin is in a descending channel, and you can try to take a short from the upper limit with a target of 0.0935.
