ALGO is setting up nicely!ALGO is forming a nice descending wedge pattern on the weekly and daily charts. It could break out from these levels, but it could also easily drop to the lower trend line first.
Good luck, and always use a stop loss.
Algorand
ANOTHER PERSPECTIVE OF THE LONG-TERM POTENTIAL FOR ALGO.ALGO is one of the best cryptocurrencies you can buy, especially at today’s prices. Being one of only a handful of top-quality cryptos that are ISO 20022 compliant, like XRP, XLM, and Quant, I believe the future is bright for ALGO and its holders.
This chart isn’t set in stone and will change over time as more information comes to light.
Good luck, and enjoy becoming a millionaire!
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.
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.
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🌴
ALGOUSDT 1WALGO ~ 1W
#ALGO This is the lowest support for $ALGO. If you have Conviction on this Coin, this is the time for you to start buying again. at least for a profit of at least 20%+.
But you need to know, you have to place a tight SL when this support block is broken.
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 ↓
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ALGO has spend very little time at current levels in the past.This is a great buying opportunity. ALGO has spend very little time at these low levels in the past, and we all know how quickly it can move when the buyers come rushing back in.
Keep stacking!
Algorand on its way to challenge the last overhead resistanceAlgo is is gearing up to challenge its overhead resistance; the last one remaining in this cycle. I believe this will happen sometime in June/July. Things will ramp up suddenly after that.
Perfect entry zone ALGOIt need a bit of time, but finally Algorand entered the buy zone I was waiting for. We can see a nice accumulation inside this zone and actually the price is trying to break out from this zone. I expect a move to the upside in the coming weeks, targeting $0.28
ALGO/USDT Weekly Chart UpdateHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ALGO on this weekly timeframe has been in a downtrend since March 2024. The price is already down by 60%, and if the market goes bearish, ALGO is likely to drop a further 48% to 50%.
The only bullish scenario for ALGO is to break above the 50 EMA and the resistance trendline.
Key Observations:
~ Support/Entry: $0.076 to $0.0909
~ Resistance: $0.1905
~ Higher Rallies: $0.2817, $0.4679, $0.8280, $1.5124, $2.3825, $3.44.
DYOR. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
ALGO is getting ready to make a BIG MOVE!The chart is indicating that ALGO is getting ready to make a very bid move in the coming months, and imo, is currently on sale at the current price.
Enjoy the ride!
(ALGO) ALGORANDOne day can make a big difference. The lead lines have changed quite a bit for cryptocurrency based on the losses over the last 24 hours. This image is an update of the same image I posted yesterday with the new and improved lines of the indicator in orange versus the same view of the black lines a person would normally create if they were looking at the chart and trying to place the lines on the graph. The inbetween black line I drew yesterday came true and now the orange line is laying on top of the middle black line.
(ALGO) algorand "custom indicator example" The black lead lines you see is what you think the graph is telling you based on where the major points on the chart will be found visually; the orange lines is where my custom indicator is telling me the lead lines are found on the chart. See the difference? Drawing the pennants is not always practical. Best to use indicators.
ALGO/USDT Ready for 500% upward Move?EURONEXT:ALGO Inverted H&S Pattern:
1⃣ After Breakout = 250% Potential
2⃣ RH Support = 500%
3⃣ Exit = Below Support
#algorand #ALGO
ALGO/USDT Gathering Momentum to Breach Descending Resistance👀🚀💎Paradisers, a golden opportunity is knocking with #Algorand! Currently, there's a significant chance for a bullish reversal from the pivotal support at $0.1563. If #ALGO can hold steady at this level, it may signal the beginning of a bullish surge, potentially breaking through the descending resistance to reach our projected strong resistance area.
💎If #Algorand fails to rise from the $0.1563 support and instead dips below, we could be seeing the start of a more extended downtrend. The next essential demand zone at $0.145 has historically triggered notable bullish reactions due to substantial trading volume and liquidity.
💎If #ALGO tests this demand zone once more, it’s imperative that it recovers. Failure to do so could amplify bearish trends and sour market sentiment, potentially pushing prices down even further.
💎Stay sharp and agile, Paradisers. The current market conditions for #ALGO demand our attention and readiness to pivot strategies swiftly.
ALGO: Approaching ResistanceTrade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now approaching a stiff resistance area: horizontal resistance of $0.20 and 200-day Moving Average. If it breaks above that, it would signal resumption of uptrend and upside potential to $0.25.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.20, then $0.25 and $0.30.
ALGOUSD 1WALGO ~ 1W
#ALGO Forming a H&S Pattern on a 1W Time Frame. It's quite interesting to place small purchases here, with a target of at least 20%+
ALGO: Channel Down BreakoutTrade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now retesting that breakout level. If successful, price could revisit $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.20, then $0.25 and $0.30.
ALGO Stuck in the rangeALGORAND is stuck in this range after a weak break abive the main bearish trendline. Range can be good, because usually is an accumulation zone. We just need to wait for a break above this range to see a pump till the local top that is the first resistance zone
ALGO: Channel Down BreakoutTrade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern but it’s now retesting that breakout level. If successful, price could revisit $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.20, then $0.25 and $0.30.
ALGO: Channel Down BreakoutTrade setup : Trends are mixed to down. Price has broken out of a Channel Down pattern and back above that 200-day MA to signal trend reversal to Uptrend. Near-term upside potential to $0.22. Stop Loss (SL) level at $0.175.
Pattern : Price was trading in a Channel Down pattern. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.20, then $0.25 and $0.30.
ALGOUSDT - Inverse Head and Shoulders in the Making on WeeklyEnter on 3D close above 0.3 $. (Inverse H&S Breakout)
Invalidation at 3D close below 0.15 $
Take profit 1 & 2 on chart @ marked Fib-levels.
Trade safely and with a proper risk management.
