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Algorand

Algorand Confluence StrongIt's quite the busy chart but it's all about confluences. And right now I'm seeing strong confluence, which is a vote of confidence for me. Bullish divergence with RSI signalling 5th wave completition (corrective) Falling wedge boundaries being respected RSI climbing slowly but surely Bounce off .786 fib retracement and making a HL (need to see HH next) RSI is now bullish on the 2D TF and up If this is wave 1 of the current cycle and with a severe correction to .786 Fib, Algo won't correct much at wave 4. Meaning it's up and only up from now on till the fifth wave sometime in 2025. This NFA!!
Long
by sucky
1
ALGOUSDT:Will the Bulls Lose Their Momentum? Yello, Paradisers! Are we on the brink of a breakout, or could the bulls be about to lose their steam? Let's break down the current situation and find out where BINANCE:ALGOUSDT is heading next. 💎#ALGOUSDT has been tracking a symmetrical triangle pattern, signaling a high probability of an upcoming breakout. Right now, the price is gaining momentum at the ascending support, which could set the stage for a bullish push. If this momentum holds, we could see the price breaking above the triangle, potentially setting off a significant upward move. However, it's important to note that we’re not in full breakout mode just yet. 💎For a confirmed bullish move, we need to see a strong break above the symmetrical triangle and the internal supply area at $0.1458. This move should be backed by solid buying pressure, such as strong engulfing candles and consistent momentum. Until these conditions are met, caution is warranted, and jumping into positions too early could be risky. 💎But what if the bulls lose their grip? If ALGO fails to breach the triangle and internal supply level, it could signal weakening momentum, inviting sellers to step in. The critical level to watch is the lower support at $0.1111, a historically strong area. If the price bounces from here, the bullish outlook could remain intact. However, a break below $0.1111 would invalidate the bullish setup, potentially leading to a sharp decline. The next move for ALGO will be pivotal, Paradisers. Whether we see a breakout or a reversal, maintaining a strategic approach with disciplined risk management is essential. The difference between winners and the rest will come down to patience and the execution of a well-thought-out plan. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
ALGOUSDT 1H - TRIANGULAR ZoneALGOUSDT 1H - TRIANGULAR Zone If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated Trading tool so that everyone can apply their strategies VISUALLY and PROFESSIONALLY, as we present in the analysis. Thank you! ____________________________________________________________________ ALGOUSDT 1H - TRIANGULAR Zone ALGORAND is in a price consolidation zone. LEVELS: SL: 0.14 Resistance 0.14 TP: 0.16 In the range 0.11 - 0.16 we can do SWING TRADING as long as it does not lose the SL. At the moment we are close to the BUY ZONE. Above 0.16 we can set other objectives. _____________________________________________________________________ Crypto Trading Automated Bots: All these strategic alternatives can be configured with TradeX BoT, as it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the development process and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, educate yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
Long
by DeuXfi
Algorand middle term targetsAlgorand middle term targets BINANCE:ALGOUSDT Possible Targets and explanation idea ➡️We already sweep covid historical march 2020 low ➡️On a W tf we can see money inflow based on my Money Power indicator ➡️Perfect scenario with test of Buy line of my Take Profit indicator ➡️Target will be break out of downtrend line and test with full fill around 0.53$ monthly FVG. 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. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
Algorand 65000%Algorand is in a brutal Broadening Wedge Pattern, according to the textbooks it should do what is shown. Many alts, either OGs or legit layer-1 chains got absolutely rekt versus BTC caused by uncertainty of many things, Macro, SEC, bankrupt crypto lending companies, QT, scams like FTX and so on. Too many bad things and actors in the market and god knows what else, crypto in general got torn apart left and right since BTC touched 68k for the first time. #LET'S_GO_FORWARD
Long
by init4datech
2
Buying an Algorand to trade on the spot market.#ALGOUSDT There are many factors that indicate the possibility of buying: 1. The strength index suggests that a rebound is possible in the short term. 2. We have already seen a complete bearish correction of A, B and C. 3. According to technical analysis, we have reached the bottom zone. 4. At the moment, the first and second waves have formed, and a long third wave is expected to follow. However, the target ($0.6495) can be reached by both the third and fifth waves. Good luck to you! Please note that these are just my expectations. There is no financial or investment advice here. All of the above information is provided for informational purposes only.
BINANCE:ALGOUSD
by A_R_T_vs_A_R_T
ALGO (Algorand): Falling Wedge BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with +22% upside potential to $.17 resistance. Stop Loss at $0.12. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Up, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.11, then $0.087. Nearest Resistance Zone is $0.15, then $0.20.
Long
by altFINS
ALGOUSDT: A Crucial Moment Approaching Are You Prepared?Yello, Paradisers! Are you ready for what could be a pivotal moment for #ALGOUSDT? Let’s dive into the latest analysis and uncover what might be coming our way. 💎We’ve been tracking #ALGOUSDT closely, and the signs suggest a potentially explosive move. If the price breaks above the descending resistance, we could see a bullish surge. 💎However, given the repeated patterns we've observed, there's a possibility that the price of #algorand may retrace back to a strong support level at $0.1226. If momentum holds, we might witness a bullish ride up to the probable resistance. 💎But we’re prepared for all scenarios. If the price loses momentum at the strong support and breaks below, we're eyeing a potential bullish rebound from the lower demand zone at $0.1085 💎This is a critical juncture, Paradisers. Keep a sharp eye on the price movements around this demand area. A daily close below this zone could invalidate the bullish outlook and signal further declines. Staying disciplined and patient is key here. The market is full of opportunities, but only those who wait for the highest probability setups will come out ahead. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Algo relief rally and drop in JanuaryBINANCE:ALGOUSDT Just a local picture for January Possible Targets and explanation idea ➡️After hype around World Cup championship we dropped down and found the main support zone. ➡️I think this is the potential bottom for now for $ALGO ➡️Local trade can be looks like this on 12H timeframe ➡️According Crypto4light Direction indicator whales accumulated Algo all December. Now we see clear signal to pump on both indicators ➡️Local stop losses now over 0.23 cents so we have a little bit range to grab this tiny stop losses and go back test 0.17 like support ➡️ In February we will see price over 0.30 and maybe 0.50 for ALGO. More clear higher timeframe global chart ill post in another idea ➡️With path I showed potential direction for January local time period trades 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. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
3