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ALGOUSDT

Buy yourself some ALGO for ChristmasAlgorand is one of the most sustainable blockchains. Algorand was always my favorite blockchain. And it will always be my favorite coin to invest in. Technical Analysis speaking, ALGO is trading at the bottom, it could go lower, but this is still a very good entry. And also, there are reversal signs with ALGOUSD when you look at the 1H chart. Long term plan is to buy a small among of ALGO here and then buy some more at $0.1 (if we ever get there). And the short-term plan is to go LONG here with a tight stop-loss. Long Scalping Setup: Entry: 0.17x Sl: 0.16 Tp: 0.19
Long
by Chainslab_Analytics
2
ALGO / USDT technical analysis and price prediction (Binance)Hello,  Today I will take a look at the ALGO / USDT pair on Binance in 4h timeframe. Algorand (ALGO) is today trading at $0.21, and we can see that it is in a downtrend (bearish momentum). According to historic price levels, the expected demand zone is at approximately $0.20. The supply zone is sitting around the price of $0.25. I can see that we are inside a descending trading channel and that we are moving in the direction of a historically very strong demand zone around $0.20. If we hit the price of $0.20, then this is an excellent, almost perfect position for opening a BUY/LONG position (still be careful because of the market conditions, we are still in a bear market). If you will enter trade at the price of $0.20, then you can expect the next targets to be for the short term at $0.25 and later at $0.30. In the case of the Cup and Handle trading pattern, I recommend entering at $0.25 after confirmation, otherwise not. I am expecting a bullish movement for ALGO at the price of $0.20, but just for the short term. Don't forget that we are still in a bear market and there are no signs of a major reversal of the trend. Trend is your friend :) If we break the expected demand zone, we can expect the price to continue falling, and the lowest level for ALGO is around $0.14 from March 2020, but I don't believe this scenario will occur. Have a fantastic day and make the most of it. Greetings, BF
Long
by elfabiiani
2
ALGOUSDT | "Power Of 3"Quick analysis on a textbook bullish "Power of 3" setup on ALGOUSDT What is "Power of 3" - Power of 3 setups occur when "smart/big" money is building a position and creating liquidity. Setups can be seen with bullish / bearish scenarios, today we will be digging into a bullish setup. - While retail can enter positions as orderbook allows, smart money must use more complex methods to build a position. In a bullish scenario we can observe an accumulation zone, price will typically chop in a short range causing traders' bias/positions to flip flop, this is where smart money is building the bulk of their position. In the manipulation zone, price consolidates below a key broken point which will provoke seller/short interest, the added pressure allows smart money to further build the rest of their long position. Once smart money is positioned they want to provoke buyer/long interest (a reclaim of the broken S/R), this is where the expansion phase can begin. There is little to no resistance during the expansion phase because the bulk of short/sell pressure has already been absorbed, because of this, expansion can be quick and harsh. This is just a very quick summary, I urge you to DYOR on "Power of 3" setups and come to your own conclusions/plan My Plan for this scenario - Enter long on a sweep of the manipulation/consolidation lows (i.e. 0.22 - 0.2180), or reclaim of the broken swing S/R - T/P at 0.2750, however, a reclaim of the the monthly open will be key for confirmation of continuation. Reclaim 0.2750 and I will be eyeing further T/P toward liquidity at the broader range highs (marked on chart) - Invalidation = clean break/close below range lows, or a breakdown on BTC
Long
by TraderImagine
2
Zoom In, This is called patience. What awaits Crypto Market and Algorand. It's just the beginning, and we might indeed be in the end of a cycle and a beginning of new one. You can't be in Crypto for just a year or two. This is just the start of what expects this market in the future. “Beware the investment activity that produces applause; the great moves are usually greeted by yawns.” - Warren Buffet _________________________________ Disclaimer . Do NOT trade or invest based upon the analysis presented on this channel. Always do your own research and due diligence before investing or trading. I’ll never tell you what to do with your capital, trades or investments. I’ll also never recommend for you to buy, sell, long or short any asset, commodity, security, derivative or cryptocurrency related instrument as it's extremely HIGH RISK! You should always consult with a professional/licensed financial adviser before trading or investing in any type of assets.
COINBASE:ALGOUSDLong
by UnknownUnicorn27462690
Algorand (ALGO) - November 28Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOBTC 1W chart) In order to get the power to rise, it must be supported by rising in the range of 0.0000 1970 to 0.0000 2452. --------------------------------------- (ALGOUSDT 1W Chart) In order to continue the uptrend, it needs support by rising to the 0.4253-0.6132 zone. To do so, the key is whether it can rise above 0.3310. (1D chart) We need to see if the price can sustain it by moving above 0.2651. If not, you need to check if there is support around 0.2140. Since the HA-Low line is located near 0.3101, it should either move sideways until it declines or swing it up and down to make it fall. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If this chart is shared, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto
2