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Algoanalysis

ALGOUSDT.1DOn the daily chart for Algorand (ALGO/USDT), ALGO appears to be in a downtrend, as highlighted by the descending trendline. The price has recently faced rejection at this trendline and is currently trading at $0.1994. There is a crucial support level (S1) at $0.1319, which could be an area of interest for buyers. Resistance levels are established at $0.2846 (R2) and $0.3373 (R3), with R1 being the descending trendline itself. The RSI is below the midpoint at 46.63, suggesting mild bearish momentum without being in oversold territory. The MACD is below zero and the signal line, indicating bearish momentum is present. Traders might look for potential shorting opportunities at the trendline rejections, with targets set near S1. A break below S1 could indicate a continuation of the bearish trend. Conversely, a break above the trendline could signal a change in trend and potential buying opportunities, with resistance levels as targets. It's important to monitor for a potential reversal pattern or bullish indicators before considering a long position.
by MarsSignals
$ALGO in uptrendPatience is going to take your sleep away as you see it slowly moving up. It's already invalidated the downtrend, so even if it goes down a bit, that won't be a concern. Just try not to take a leverage position (not even 2x) as this doesn't have much volume and you will have to suffer in liquidation where the operator can easily play 10-20% up/down with low volume. You can take a Spot entry and leave it as a safe money for later. When I emphasized on patience , I meant that you will see this coin go up or down like 5-30% in a week and that will make a pressure on you to exit with profit. Only those who remain for few months, will be the real hero! Till then Al-goat your ALGO fam! I will be back soon.
Long
by helloanurag
ALGO Idea for an upward rally...Hi traders... As you can see in the chart, over the past 2 weeks, price increases has happened in alternating time patterns that include Fibonacci time zones. The next iteration has the power to push the price towards the daily pivot and I expect to see the price rally in the next 48 hours. BINANCE:ALGOUSDT COINBASE:ALGOUSD ⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed.
Long
by Arash-RK
1
#ALGO/USDT 1DAY UPDATE BY CRYPTOSANDERS Welcome to this quick ALGO/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:- ALGO/USDT PARALLEL CHANNEL brake the green and trandline and buy the retest green zone. PARALLEL CHANNEL green zone. (SPOT CALL) Entry:-$0.4230,$0.4625 Traget:- 30% Stoploss:- $0.3555 Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
ALGO we tested 0.38 FibBINANCE:ALGOUSDT ✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it. Thank you. Possible Targets ➡️We tested 0.38 Fib global chart since 2019. (1.39$) ➡️I mention how much % Algo made last 2 times when we touch bottom on 1D on RSI ➡️According by cup and handle pattern what I've mention in previews ideas ALGO should reach 3.44$ ➡️We got huge wick candle on 1D if we hold 0.38 fib we will go in to this imbalance zone 3-4$ ➡️Worse case scenario if btc going to 44-40K we can see retest support global line and test 0.23 level by fib around 1$ ➡️Targets still relevant for Algo 3.45$ - 5.52$ Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. Don't forget sub and join my channels under this idea!
by Crypto4light
ALGOUSD is it right time to exit ?Hi, if you are following me you must have seen yesterday i shared algousd analysis in which i market the area where you can take entry you can see after restest we took entries in algo and now we closed all our positions now we will wait for best point to enter again Don't force trades just wait 33%+ Profits is better than nothing you can see only algo recovered that well because second leg was on the cards as e predicted Enjoy profits and give yourself a treat and remember me as well hahhaah just kidding Like and comment below if you took a trade and share you experiences with me because when someone earn from my analysis it makes me happy
KRAKEN:ALGOUSD
by ProfessorMH
12
ALGOUSDT. Incredible Bullish UP-Trend. ALGORAND To The Skies!!Daily we publish new trading opportunities , Short-term. Mid-term and Long-term. Friends, today we found something incredible on $ALGO . ALGOrand is such a gem I have held since long ago. And still HODLing. On the Daily's we found a nicely shaping Cup-and-Handle setup . Wow! Initial Resistance for ALGO happened near $0.7xx . But on what looked like a third attempt, it punched through this resistance. It did a crazy Triple-Greens to touch $1.xx . Then it began a decline from this point, took nearly 2 weeks . From here it began recovery in a zig-zag stride within a strong Support level near $0.9xx . Steadily moved up the trend to find another Bulls support near $1.2xx holding pretty tight. In the big picture we get like an epic Cup-and-Handle birthing. Final resistance as seen in chart exists near $1.8xx . With great Bulls rally , ALGO will break and race towards $2.2xx , then later onto last ATH. Follow 🚶 for Daily opportunities Like 👍 for more encouragement Share your thoughts
Long
by CryptonKidd