Algo:Bullish Momentum Intact for a Potential Upside continuationAlgo/USDT has been one of the standout performers among altcoins over the past month, with the price soaring by over 500%. After peaking just above $0.60, the coin experienced a healthy correction, forming a local low at $0.35, a level slightly above March's high.
Following this correction, BINANCE:ALGOUSDT entered a consolidation phase, creating a base around the $0.40 mark. This consolidation suggests the market is gathering strength for another potential upward move.
Currently, the price action indicates that Algo/USDT may be preparing for a new leg higher, with a likely target at the significant resistance near $0.70.
From a strategic perspective, I remain bullish as long as the $0.32 support level holds firm. The suggested approach is to buy dips, capitalizing on opportunities within this uptrend.
Key Levels to Watch:
- Support: $0.35 (recent local low), $0.32 (critical support)
- Resistance: $0.60 (previous high), $0.70 (major target resistance)
Algousdtsignal
Algorand middle term targetsAlgorand middle term targets BINANCE:ALGOUSDT
Possible Targets and explanation idea
➡️We already sweep covid historical march 2020 low
➡️On a W tf we can see money inflow based on my Money Power indicator
➡️Perfect scenario with test of Buy line of my Take Profit indicator
➡️Target will be break out of downtrend line and test with full fill around 0.53$ monthly FVG.
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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ALGOUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity.
Everything on the chart. (update)
Got complicated in wave of (ii), but in midterm nothing has changed from my last idea.
Entry: (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
It's not financial advice.
DYOR!
🚀💰 ALGOUSDT: 1 to 10 Trade Opportunity!Traders, get ready for a potential game-changer with ALGOUSDT! 🚀💰
🔍 Strong Support Zone:
We're eyeing a robust support zone where buyers are showing a strong reaction. It's highly probable that they'll step in again. Remember the last time? It sparked some impressive movement!
💡 Trade Strategy:
With the potential for a 1 to 10 trade, this setup could be a golden opportunity for profit! Keep a close watch on this support zone and be ready to seize the moment when the buyers make their move.
💬 Share Your Thoughts:
What's your take on this potential trade setup? Share your insights and let's discuss the possibilities together! Your input could be the key to unlocking this exciting opportunity!
💰 Unlock the Prize:
Remember, the best comment could unlock a special prize! So don't hold back—share your thoughts and join the conversation! 🏆💬
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!
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.
ALGO target 0.28 & 0.451D time frame
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ALGO is retesting the structural support around 0.135~0.152, that is also the 0.618 Fibonacci Retracement, so here is a good timing to set up a perpetual trading plan with great RR. Also, we can easily see a strong support on higher time frame around 0.08~0.10, this zone is a sweet price to accumulate spot if ALGO come back again in future. Therefore, I provide two trading plans for perpetual and spot.
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Perpetual:
TP: 0.28 / 0.44
SL: 0.135
Spot:
TP: 0.45 / 0.68
SL: 0.07
ALGO target 0.1754h time frame
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ALGO is creating a potential bottom structure. There are two ways to estimate targets, first one is Fibonacci Projection, this target is 0.125. Next one is obvious structural supply zone from 0.17~0.18. Both ways are good to set up trading plan. If ALGO trigger a surging trend, then we can see 0.17 in near future, but shall notice PA while close to 0.125
TP: 0.175
SL: 0.094
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: market and lower
Target: 0.3 - 0.36 - 0.44
after first target reached move ur stop to breakeven
Stop: ~0.18 (depending of ur risk). ALWAYS follow ur RM.
RR: 1 to 5
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.
ALGO - let's make a pumpEverything move price is done on small volumes. So as not to spoiler the buyer.
I wonder if the project will have any updates soon or if it's the time of the pump)
Accumulation on this trendline(red collor) will open the way to the level of 0.2494.
And there and to the impulse of 5% will be able to do it on easy.
If you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your
ALGOUSDT Analysis (LOCAL VISION)Hello friends.
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Everything on the chart.
Entry: market and lower
Target: 0.42 and 0.46
after first target reached move ur stop to breakeven
Stop: ~0.3 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 4
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.
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.
[ALTCOIN] ALGOUSDT TREND LINE ANALYSISHello, everyone
We're a team that specializes in chart analysis
We will always analyze and provide you with charts to help you sell
There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
Personally, I don't like it because it's a coin that has often shown me playing with the trend line.
For example, around here, when a rebound was expected, he often showed a green frog-like appearance that he supported in the line that was always expected to break and break.
There has been a rebound in the current support section, but it seems that it will show a good performance only if it is raised more strongly to break through the thick yellow upward trend and retest.