in the end time for algorandin the end time for algorand
time frame 4H
and you shoud ready for good news about algo
ALGOUSDT
Algorand (ALGO) formed bullish Shark for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO).
Our last successful trade of ALGO was as below:
Now on a 4-hr time frame with Bitcoin pair, ALGO has formed a bullish Shark move, at the moment after the completion of final leg the priceline is slightly moved up, therefore, we can wait for some correction.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
#ALGO WEEKLY CHART ANALYSIS#ALGO WEEKLY CHART ANALYSIS
Based on the created divergence and the same wedge pattern formed at the end of a downward movement, the pattern currency is in a low risk range for buying. The following targets will be available for the next six months to two years if there is adequate price support:
0.85$
2.3$
16$
54$
STOP LOSS:
UNDER 0.085
DAY TRADING 002BYBIT:ALGOUSDT.P
Today I am trading ALGO purely and always on technical analysis. I've said before that I don't care about news and halving's and all this and that I want too day trade on the 15M timeframe forever. fluently. I have a love for trades like these I feel we will respect this new trendline for the upside, I've just picked up a limit order at the bottom here let's see!
trade safe! thanks guys.
ALGO/USDT Technical Analysis: Bearish OutlookALGO/USDT Technical Analysis: Bearish Outlook
The price of ALGO/USDT is currently trading at $0.113, which is a 97% decline from its all-time high of $3.31. The chart shows a clear bearish trend, with the price breaking down from the $1.33 level of the rising wedge. The price is now almost 90% down from the breakout level.
The price is also trading in a falling wedge, and it has recently been hit hard by the news that the SEC is suing Ripple Labs. As a result, the price has declined by 40% in the past week.
The overall outlook for ALGO/USDT is bearish. The price is likely to continue to decline and test the $0.05 level. This level could be a good accumulation zone, and a bottom could be formed here. Once the bottom is formed, the price could start a new bull run.
The next bull run target for ALGO/USDT could be $1-$2. However, it is important to note that this is just a technical analysis, and the actual price movement could be different. It is always advisable to do your own research before investing in any cryptocurrency.
Key Levels
Support: $0.05
Resistance: $0.155, $0.28, $0.77, $1.75
Disclaimer
This is not financial advice. The author is not a financial advisor and does not provide financial advice. The author is simply sharing their technical analysis of ALGO/USDT. It is important to do your own research before investing in any cryptocurrency.
Algorand longAlgorand broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.138 is expected to happen.
algoThe trend is still downward, in the first step, the price can touch the midline of the channel and then see the bottom of the channel.
ALGOUSDT is moving in a descending channelHello everyone. I found an interesting and beautiful graph for the ALGOUSDT coin. The coin has been in the channel for about a month and clearly fights off its borders. After yesterday's red day, we should expect a respite and a small hike up all the coins. ALGOUSDT has a great option to go long to the upper limit of 0.15.
ALGUSD Buy TF M30 TP = 0.1444On the 30 minute chart the trend started on June 5 (linear regression channel).
There is a high probability of profit. A possible take profit level is 0.1444
But do not forget about SL = 0.1296
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
ALGOI've made the decision to buy some ALGO (ALGORAND) with a target of 0.16, 0.17, 0,18 and a stop at 0.144.
The information provided here is for informational purposes only and should not be considered as financial or investment advice.
ALGO buy signalALGO looks like an interesting position to buy. Capitulation Signal (gold stripe) signaled in line with major high time frame trends
Finally Algo Breaks Falling Wedge Seems Like Algo Is Ready For bullish Impulse Falling Wedge Breakout Has Already Confirmed Retesting In Process Incase Of Successful retest expecting 25v to 30% b ullish Wave
ALGOUSDT at weekly support and likley to move up from hereThis one is approaching towards the its lows. There is a monthly and weekly level almost close to the current price. It may breach that for a while but I expect it to hold that level on weekly time frame and bounce from there. If it does bounce, I see it aiming towards daily and then probably weekly resistance.
The price has finally hit the weekly support which is also monthly support level. I believe this is going up from here but as said before, it may dip briefly on intra week basis.
ALGO - Bullish Harmonic - Short Term Long Scalp OpportunityALGO - Bullish Harmonic - Short Term Long Scalp Opportunity
Long targets shown on Chart.
Good luck!
Bulls in Control: #ALGOUSDT Breaks Channels, Sets Sights Higher💎#ALGOUSDT shows promising signs of a bullish reversal! The formation of a double bottom, coupled with a successful break above the descending channel and supply/demand zone, suggests a potential price increase towards the 88.6% Fibonacci retracement level and the 200 Simple Moving Average. Currently, price is supported by the 61.8% Fibonacci level. If the support holds, we could see a rapid rally.
💎However, a break below the support may lead to another wave down before a potential pullback.
💎Watch closely for any price action below the double bottom, as it could indicate a continuation of the downtrend.
Is a Reversal Brewing for #ALGOUSDT?💎After breaking below the ascending channel, the downtrend in #ALGO has been consistently strong. But today, on the 4H chart, we are witnessing a Hummer Candlestick Pattern, a potential sign of a reversal.
💎 Additionally, there's a clean bounce off the 461.8% Fibonacci support, which could indicate a potential bullish reversal. We need to confirm this on the Daily chart. If the current low holds until the daily close, it could be seen as the first bullish reversal signal.
💎 But let's not jump to conclusions just yet, Paradisers. We must remain cautious and acknowledge that discussing an uptrend at this moment would be premature. To establish a solid bullish outlook for #ALGO, it must break and sustain above the supply zone and the downtrend trendline.
💎 The MCP team is closely monitoring the current support level, and we'll keep you updated on any further price developments. Stay tuned, stay informed, and stay ahead of the game!
Algo buy itAlgo double bottom in bullish scenario which can give you good profit in no time. I'm riding on it. Do your own analysis and let's ride on Algo pump.
ALGO dropped a key supportHi, Friends hope you are well and welcome to the new update on ALGO.
Big wedge and a long-term support:
Algo has formed a big falling wedge on a weekly time frame, however, at the moment ALGO has dropped at a very long-term support of $0.16 and this level is working as a support since Sep 2019.
Oversold on weekly time frame:
Weekly Stochastic is also extremely oversold therefore, if Bitcoin starts small correction move, then ALGO can begin a massive reversal from this support.
Conclusion:
If some one wanna buy ALGO here then be very careful and keep an eye on $0.16 support, if it will be broken down then ALGO can drop at the support of wedge. More chances are in favor of a massive rally from this support soon.
ALGOUSDT testing Fibonacci supportRight now ALGO is testing the most common Fibonacci retracement level, 61.8%. We want to take buying opportunity at this time as any kind of a pullback would be healthy for this bearish trend.
#ALGO USDT DOUBLE BUTTONI think we should wait for growth in altcoins
Your own risk
Don't forget to like and comment
Algorand at an important junctureMoment of truth for Algorand. Will it close above its recently re-gained trend line this week and this month? Above .30 with some sideways action would be ideal. Because if it does, it will have quite the bull run. If not, it may need to re-visit 14c and that would delay the structure. But so far so good!
Cheers!
ALGO UPDATE 2That's the make or break for Algorand. Yesterday drop ended up with a bull trap and a chance for trend reversal. There are three rules in place now.
- We want to stay above the yellow line ( the previous low on a weekly chart )
- Closing below yesterday low invalidates the setup
- Closing below 0.1560 will propably mean that Algo will drop to 0.1150
TRADE ALERT - LONG ALGOAlgo has also entered my target down area and with the daily RSI into oversold territory, I believe this is an appropriate area to enter. Yes, Bitcoin could still come down to that 25,200 neckline area or lower, dragging ALTS down even further, but I have set my entry targets for these recent alts trades and will stick to the trading strategy at this point, holding through potential losses until they become profits again. Target will be upper levels printed. SL would be 14 cents or lower.
Best,
Stew
