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ALGOUSDT

ALGO/USDT - Potential Short ScenarioHello Traders! ALGO price continues to move within the descending trend completing the previous market cycle. The culmination of the falling phase will be an aggressive downward exit of the price under the support level of $0.25 Medium-term purchases can be considered at $0.1440 - $0.1900. The targets of such purchases will be price levels of $0.25 and $0.36 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
COINBASE:ALGOUSDShort
by UnknownUnicorn10064030
1
Algo.Algo saw a clean 5 wave impulse which had begun back in march of 2020. The impulse was completed in November of 2021. Since that top, Algo has put in what looks to be a zig-zag (labeled a-b-c). -it has retraced roughly 61.80% of the entire bull run. -quadruple bullish divergence on the daily time-frame is present (very rare). -indicative that this dip could potentially be a wave (2). if i'm right about all of these alts being in a 1-2, then we are in for a ride into the skies. --- things definitely don't look too good in the world right now, the economic crisis which is happening right now would be the single biggest argument against what i'm portraying here. the only way this scenario could play out, is if something drastic changed in the world in the near future. --- i will continue to entertain the idea that these could indeed be 1-2's, but i'm also going to approach this very conservatively and with extreme care \ caution; making sure to use proper risk management if i ever was to play any of these. nothing in this market is certain, in fact, it's all extremely uncertain right now; and there is an infinite amount of possibilities which could potentially be at play. this is merely the bull case, nothing more. there is also a very probable bear case, so you gotta be very careful. don't be attached to either side, just let the market show you what it wants to do, then simply go with the flow. --- Best of luck!
by notoriousbids
ALGOUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for ALGOUSDT The chart includes S2 line (which used to be a resistance line) and after being rejected at some points, the price could rise over the line and we had a failure in break for the price. Then it faced a severe decline up to S1 and continued its rising tend and at the present, it is fluctuating in S1 area. We believe either the price is going to move over S1 and by a fixing trend, it will move toward R1 area. Or the price will lose the support and move below S1 and then fall toward S2 line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
ALGO Update - turned bearishUpdating my previous chart (linked below), this coin has a local support zone highlighted in the green zone. It broke the ascending triangle (neutra) formation going down in price, which means it turned bearish for the short term (1-2) weeks.. and that's exactly what we are seeing right now. It is not showing any strength, and I am assuming the trend will continue down, where a lot of buy orders are waiting in the green zone. In the buy zone, I will upload another analysis to see if it's time to buy or not.
Short
by BARSTrading
2
ALGOUSDT Analysis (LOCAL VISION)Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Entry: market and lower Target: 0.48 and 0.56 after first target reached move ur stop to breakeven Stop: ~0.35 (depending of ur risk). ALWAYS follow ur RM . Risk/Reward: 1 to 3 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
Long
by trytofeelpositive
1
ALGOUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for ALGOUSDT As you see the S1 line, it shows the support of the price at some points. Then after a rising trend, the price reached its highest amount and had a falling trend again. Although we had a failure in break, the price was rejected again due to the sellers' pressure and then it lost its previous support area (now it is R2) and reached the S1 line. At this point, the price had a rise again and now it is fluctuating below the R1 line. We believe the price will have a decline to S1 line and have more fall and also it may move above the R1line and face more rise. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
by MarsSignals
Algorand (ALGO) Buy ZoneAlgorand (ALGO) Buy Zone -------------------- BIAS Mid-Term : Neutral Risk : Medium We’ve seen high volume spike on this beast over the last 2 weeks, with closes below support and spikes of buying volume. -------------------- $ALGO/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 0.39 - 0.38 TP 1 : 0.398 TP 2 : 0.408 TP 3 : 0.418 TP 4 : 0.43 TP 5 : 0.443 TP 6 : 0.455 TP 7 : 0.473 TP 8 : 0.495 Stop Loss : 0.3665 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
ALGO TRIANGLEMy analysis on ALGO is pretty much the same as my BTC analysis. Bearish triangle. After this triangle we'll probably fall into a five wave pattern to the downside. I'll be taking up a short position once the E wave has been confirmed. (At the bottom of the pattern) just in case I'm wrong. If this pattern plays out, I'll be able to catch it from the beginning of wave 5 and ride it down. Because when BTC breaks support there will probably be a big fear selloff. Remember in the time of a Bear market this is when you can get rich. You can accumulate more for less. But wait till the market is chilling out. You don't want to be buying the dips that keeps on dipping. At least I don't.
Short
by Coinchaser99720
Watching ALGOLooking at the chart on this 4hr timeframe, I'm seeing what could be a possible W pattern forming. I'm waiting for a break above the local resistance. To place a long. If this break fails I have an short target once support is broken. The support has been tested at least three times. The more test, the weaker it becomes. So it's a wait and see for me. I'll be using a stops near each support that is crossed because indecision is in these areas, as well as accumulation. I'm also using ema crosses to confirm my entries. Watching momentum using STOCH. Basically keeping the charts as clean as I can and watching price action.
by Coinchaser99720
#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