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ALGOUSDT

🚧ALGOUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi. COINEX:ALGOUSDT ✅Today, I want to analyze ALGO for you in a Weekly time frame so that we can have a MID-term view of ALGO regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ALGO has formed an inverse head and shoulders pattern. If price followed this pattern and will soon reach to 0.90 . The expected movement is measured as the price movement (AB=CD). ✅ Due to the Ascending structure of the chart... - High potential areas are clear in the chart. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
4
ALGO/USDT gearing up for potential upward?👀💎 Paradisers, gear up as #ALGOUSDT is currently displaying a promising setup, situated within a support zone, poised for a bullish climb. 💎 #Algorand is paying homage to the support level at $0.1837. There's a strong chance it might revisit the support at $0.1837. If the price can maintain its momentum at this level, we're looking at a bullish progression to breach a significant resistance level. 💎 Nonetheless, as savvy traders, we must be prepared for various scenarios. In the event our bullish anticipation does not come to fruition, a bullish resurgence from the support level at $0.1709 is within our contingency plans, with a descent below this threshold possibly signaling a substantial downward movement.
Long
by MyCryptoParadise_Simon
ALGO: Resistance BreakoutTrade setup : Following a bullish breakout from a Falling Wedge pattern, price resumed its Uptrend. Now it broke above $0.30 to signal continuation of that uptrend, with +20% upside potential to $0.36 near-term and +33% to $0.41 mid-term. Stop Loss (SL) level at $0.265. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.25 (previous resistance), then $0.20. The nearest Resistance Zone is $0.30, which it broke, then $0.36 and $0.41.
Long
by altFINS
ALGO/USDT facing resistance in the supply area. Breakout ??💎 ALGO has recently encountered significant market dynamics. Currently, it is facing resistance in the supply area. 💎 If ALGO manages to successfully break out above this supply area, confirmed by a daily candle close, there is potential for continued upward movement, possibly reaching our target area. 💎 However, if ALGO fails to break out above the supply area, there is a risk of price rejection, leading to a gradual downward movement towards the support area to seek new momentum. 💎 The support area holds crucial significance for ALGO. The price needs to bounce from this level to attempt another breakout above the supply. Failure to sustain the support area, indicated by a breakdown, would be a bearish sign. 💎 In such a scenario, ALGO may switch back to a bearish trend, potentially leading to further downward movement towards the demand area or even lower levels.
by MyCryptoParadise_Nathan
3
ALGOUSDT Poised for Weekly Resistance Test: Can Bulls Breach theALGOUSDT is approaching a critical juncture, nearing a key resistance level of $0.2727 on the weekly chart. This analysis explores the potential for a breakout and the support levels to watch in case of a pullback. Technical Analysis: Resistance: $0.2727 (Weekly) Support: $0.2199 (Daily), $0.1594 (Monthly) Volume: Decent Buying Pressure Moving Averages: 25 MA Acting as Support Key Observations: ALGOUSDT is facing a significant resistance level on the weekly chart. A breakout above this level could signal further upward momentum. The recent price action indicates decent buying pressure, suggesting bulls are attempting to overcome this resistance. The price has tested this weekly resistance twice on the daily chart, highlighting its importance. The 25-day Moving Average (MA) is currently acting as support. If the price fails to break above the weekly resistance, it could find support at $0.2199 on the daily chart and $0.1594 on the monthly chart. A successful breakout could lead to further gains towards the next daily resistance level at $0.2376. Conclusion: The upcoming price action for ALGOUSDT hinges on its ability to overcome the key weekly resistance level. The presence of decent buying pressure and the supportive 25-day MA suggest a potential breakout. However, if the price encounters resistance, established support levels exist at $0.2199 (daily) and $0.1594 (monthly). This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Long
by behnoudt
ALGO: Resistance BreakoutTrade setup : Following a bullish breakout from a Falling Wedge pattern, price resumed its Uptrend. Now it broke above $0.25 to signal continuation of that uptrend, with +20% upside potential to $0.30 near-term and $0.35 mid-term. Stop Loss (SL) level at $0.225. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.20 (previous resistance), then $0.17. The nearest Resistance Zone is $0.25, which it broke, then $0.30.
Long
by altFINS
ALGOUSDT Elliott Waves AnalysisHello 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: Find your entry point yourself (im in pos from 0.184) Targets: 0.34 - 0.46 - ~0.7 after first target reached move ur stop to breakeven Stop: (depending of ur risk). ALWAYS follow ur RM . 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. DYOR!
Long
by trytofeelpositive
3
ALGO/USDTALGO is currently holding a significant support level following a recent correction, showcasing potential for another upward move. Considering the favorable conditions, exploring a long position in this zone seems promising for a ride towards the next two red zone targets. As always, prioritize effective money management practices and incorporate a strategically placed stop loss. Identify your entry point thoughtfully and set a well-defined stop loss. Consider taking profits at the first target and, in the event of a strong closure above the initial target, reassess for a potential re-entry. Alternatively, adjusting your stop loss to safeguard your gains is a prudent strategy. Stay proactive and stay informed! #ALGO #TradingStrategies #Crypto
Long
by Seahawks_
A closer look at the potential of ALGO.People are jumping with joy today as FLARE has made a more than 300% in gains as of late, but when you see what ALGO is about to do, you won't give a second look at FLARE again. Not to put down FLR, I hold a bag myself, but only to use it as a comparison. Just taking a gander at this chart, even the most rudimentary of assessments come to realize really quickly that there is definitely potential here. Even if the cup & handle formation fails, the chart gives you some really great tips about exit and entry points on long, and short positions. Enjoy traders, and always use a stop.
Long
by MetaShackle
2
ALGO/USDT Downward for retesting phase. Keep on eye the demand!💎 ALGO has been drawing considerable attention in the market lately. Currently, ALGO is on a downward trajectory, heading towards the demand area at 0.1550 for a retesting phase. This move follows a significant breakout and subsequent rejection at the Bearish OB area. 💎 If the retest proves to be valid, ALGO needs to bounce back from this demand level to resume its upward movement, probability reattempting to break out of the Bearish OB area, which is the targeted goal. 💎 However, if ALGO fails to rebound during the retesting phase at the 0.1550 demand level, it could signal a negative trend. A failure to maintain this demand level might indicate a shift back to a bearish trend, with the next potential downward target being the support area. 💎 The support area becomes critical for ALGO's trajectory. A successful bounce and recovery above the 0.1550 demand level are necessary to avoid further declines. If ALGO fails to regain and hold above this level, it could lead to a continued downward movement, possibly reaching lower levels previously seen.
by MyCryptoParadise_Nathan
ALGO ready for breakouthi dear trader this price action for algo withb usdt pair algo ready for breakout downtrend channel there are entry and target and stop loss found in this chart What Is Algorand (ALGO)? Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust. The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token. goodluck
Long
by mehdi_kb
ALGO: Resistance BreakoutTrade setup : Price is in an Uptrend. Following a bullish breakout from a Channel Down pattern, price has also broken above $0.20 resistance to signal continuation of uptrend, with + 20% upside potential to $0.24. Stop Loss (SL) at $0.18, just below prior swing low. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.17 (previous resistance), then $0.15. The nearest Resistance Zone is $0.20, which it broke, then $0.24.
Long
by altFINS
1