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ALGOUSDT

ALGO: Resistance BreakoutAlgorand (ALGO) technical analysis: Trade setup : After getting rejected at $0.15 resistance a few times in November, price has finally broken above it to signal continuation of uptrend with upside potential to $0.18 near-term. Previously, price broke above above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. 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 $0.15 (previous resistance), then $0.11. The nearest Resistance Zone is $0.18, then $0.24.
Long
by altFINS
ALGO: Resistance BreakoutAlgorand (ALGO) technical analysis: Trade setup : After getting rejected at $0.15 resistance a few times in November, price has finally broken above it to signal continuation of uptrend with upside potential to $0.18 near-term. Previously, price broke above above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. 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 $0.11 (previous resistance), then $0.09. The nearest Resistance Zone is $0.15, which it broke, then $0.18.
Long
by altFINS
1
$ALGO Weekly is so Bullish💣 The Candle will be EpicThe weekly performance of EURONEXT:ALGO appears incredibly bullish, hinting at an impending monumental candlestick. The upward momentum seems poised to create an epic surge in value, reflecting robust market sentiment. This promising trend suggests significant growth potential, fueling anticipation for a remarkable and influential market movement in the near future. Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @FarmanBangashh
Long
by frmnCapital
1
ALGO: Pullback in UptrendAlgorand (ALGO) technical analysis: Trade setup : Price broke above above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. So far it has been rejected at $0.15 resistance. We wait for price to either 1) break above $0.15 to signal continuation of uptrend with upside potential to $0.18 near-term, or 2) pull back near $0.12 support (200-day MA) for a swing entry in Uptrend with upside potential back to $0.14. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.11 (previous resistance), then $0.09. The nearest Resistance Zone is $0.15, then $0.18.
Long
by altFINS
The key is whether it can rise above 0.1409-0.1718Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ALGOUSDT chart) The key is whether the price can be maintained above 0.1093 and rise above 0.1718. (1W chart) In order to escape from the bottom section, the price must rise above 0.1718 and maintain the price. However, to escape the true bottom zone, it must rise above 0.4253. Only then is it expected to turn into an upward trend and rise. (1D chart) Therefore, the key is whether the price can be maintained by receiving support around 0.1214 and rising above 0.1409. If the price maintains by rising above 0.1409, it appears likely that it will rise quickly to around 0.2462. Otherwise, if it falls below 0.1214 and is resisted, there is a possibility that it may fall to around 0.0954, so you need to think about a response plan. Since a volume profile section has been formed around 0.3091, it is expected that a sharp rise will occur only when it breaks upward around this area. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
1
I'll Go To The Moon (ALGOUSDT)ALGO has been trading in an ascending broadening wedge pattern since 19th October. In that time it has risen by ~67% and is once again trading above all EMA's. The market is shaky at the moment and any drops in BTC are causing bigger drops in alts, but any increase in BTC is not necessarily increasing alts much. In any case, despite the very recent downward pressure ALGO found support around $0.13 and is looking to push up to the top of the channel for a short-term 20% increase. In the mid-term, if a breakout of the channel occurs we can target the $0.20 range. If there is any major downward pressure, ALGO could fall considerably to $0.10, but that seems unlikely for now. It has been a while since ALGO has shown some strength, now that it has the explosion should be big. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only. Please feel free to leave your comments and thoughts below!
Long
by kush23456
$ALGO in uptrendPatience is going to take your sleep away as you see it slowly moving up. It's already invalidated the downtrend, so even if it goes down a bit, that won't be a concern. Just try not to take a leverage position (not even 2x) as this doesn't have much volume and you will have to suffer in liquidation where the operator can easily play 10-20% up/down with low volume. You can take a Spot entry and leave it as a safe money for later. When I emphasized on patience , I meant that you will see this coin go up or down like 5-30% in a week and that will make a pressure on you to exit with profit. Only those who remain for few months, will be the real hero! Till then Al-goat your ALGO fam! I will be back soon.
Long
by helloanurag
ALGO/USDT A Bullish Horizon Beckons? 👀 🚀 Algo Today analysis💎Paradisers, ALGOUSDT is currently on the radar with its intriguing behavior, having faced rejection at a resistance level but showing signs that it might surge past it in a bullish manner soon. 💎 Historical patterns have shown that when supply zones transform into demand zones, ALGOUSDT tends to ascend. Although it faced a setback at the resistance level of .11563, the momentum seems to be regaining, hinting at a heightened likelihood of breaching the resistance. 💎 Notably, the price has maintained a stance above the previous low, which supports the bullish outlook. Another scenario to consider is a potential bullish push from the demand zone at .10594. However, a drop below this zone could signal a bearish turn. 💎 While some traders, particularly newcomers, may be initiating long positions, it's crucial to maintain a strategic edge and remain alert to all market movements.
Long
by MyCryptoParadise
ALGO's BEAR TRAP: Pump in the Process?Algorand (ALGO) has orchestrated a fascinating move that has caught the attention of traders and investors alike. It appears to have fallen below a key support level, but could this be a cleverly designed bear trap? Many speculate that a pump might be on the horizon. Let's dive into this intriguing market development. 📈💥 The Fall Below Support: ALGO recently breached a key support level, causing some concern among traders. However, in the world of crypto, not everything is as it seems. A Potential Bear Trap: While the drop may look ominous, it has all the hallmarks of a bear trap. This deceptive move is designed to lure in short-sellers who anticipate further decline, only to spring a surprise pump. The Pump in Waiting: ALGO's setup suggests that a pump might be in the making. The bear trap could be the trigger for a swift and substantial price surge. Trading Strategy: Vigilance: Keep a close eye on ALGO's price action, especially in the wake of the support breach. Risk Management: Maintain sound risk management practices to protect your investments in the volatile crypto market. Stay Informed: Stay updated with the latest news and developments related to ALGO that could influence its price movements. Conclusion: The crypto market is filled with clever maneuvers, and ALGO's recent move could be one of them. A bear trap, if that's what it is, often leads to a rapid and powerful reversal. As you navigate these market intricacies, remember that vigilance is key. Be prepared for unexpected turns, and may your trades lead to success. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
Algorand Price Surges Above Exponential Moving Average 200! Algorand (ALGO) has soared above its Exponential Moving Average 200 (EMA200), hinting at a remarkably bullish run! For those of you who relish the excitement of trading in fast-paced markets, this exhilarating development presents an unmissable chance to capitalize on the strong upward momentum of ALGO. The fact that it has surged beyond its EMA200 signifies a significant shift in its overall trend, indicating the potential for substantial gains in the near future. Now, you might be wondering, "Why should I long Algorand?" Well, the reasons to do so are plentiful. The recent breakthrough above EMA200 showcases the cryptocurrency's resilience and solidifies its position as a growing force in the market. Furthermore, Algorand's cutting-edge blockchain technology, combined with its ability to handle high transaction volumes with minimal fees and superb scalability, has garnered widespread attention and acclaim within the crypto community. It is worth noting that Algorand's dedicated team of visionaries and prominent partnerships add further credibility and potential to this digital asset. So, fellow traders, let's seize this exhilarating opportunity and consider initiating a long position on Algorand (ALGO) today. With the price soaring above its EMA200, it's an exciting moment to ride the upward wave and potentially secure significant profits. Don't miss out on the action! As we navigate the fast-paced world of cryptocurrency trading, remember to stay informed, set stop-loss orders for risk management, and always trade responsibly. May each trade bring you adventure and success! To embark on this exciting journey with Algorand, act now and place your long position. Get ready to ride the waves of profit! Call-to-Action: Take advantage of Algorand's surge above its EMA200 and seize the opportunity to long ALGO today! Place your trade and enter the thrilling world of potential profit now. Don't delay, act today!
Long
by bryandowningqln
ALGO/USDT Ready to continue upward Movement ?? Bullish Momentum💎 ALGO has undoubtedly seized our fascination, successfully breaking through the descending channel pattern. Following this breakout and a subsequent retesting phase, ALGO embarked on a significant upward journey, only to face a stern rejection at the resistance zone. 💎 Currently, ALGO is retracing to the nearby support level at $0.097, seeking fresh momentum for another breakout attempt. A crucial bounce at this juncture is necessary for ALGO to rally back and challenge the resistance zone once more. Should ALGO manage to break this resistance and secure a position above, Probability would pave a smooth path toward its next targets - the supply zone and the bearish OB. 💎 However, ALGO's trajectory could take a negative turn if it fails to maintain its stance above the support or within the demand zone. Should ALGO falter in upholding the support level, it still reserves a lifeline at the demand zone. It's imperative at this demand level for ALGO to manifest a bounce; failure to do so could signify a forfeiture of the demand zone, potentially triggering a retreat to the robust support zone below. 💎A precarious scenario unfolds if, upon retesting, ALGO shows no signs of bullish rejection or bounce within the demand zone. This weakness could be a harbinger of ALGO's potential loss of the demand zone. If this materializes, the bullish momentum may wane, giving way to bearish tendencies and priming ALGO for a downward spiral, seeking solace back at the strong support zone.
by MyCryptoParadise_Nathan
9