Get started

ALGORAND / TETHER PERPETUAL FUTURES

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Markets

ALGOUSDT.P trade ideas

ALGOUSDT : The prospect of increasing?As you can see, ALGO has created an ascending head and shoulders and is also located in the Falling wedge , which means that if it breaks, we expect the price to reach the target (AB=CD). ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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
ALGO Long Spot Position (Descending Resistance Breakout)Market Context: ALGO has recently broken through the descending resistance line from May and is now at support, presenting a long trade opportunity. Trade Setup: Entry: Ladder into a long position in the $0.13 - $0.1380 support area. Take Profit: First target: $0.16 - $0.17 Second target: $0.20 - $0.2170 Stop Loss: Just below $0.123 ⚡ This setup aims to capitalize on the breakout and current support level. #ALGO #Crypto
Long
by Richtv_official
ALGOUSDT Another Bearish patternI remember that i bought some of this coin for more than 0.30 cents hopping for a move to $1 bucks in long term, however it was a dream of a naive sucker to hold this shitcoin as lon as it came to nearly 0.10 cents per coin, if i would've bought sheep's dung i would've been profitted much much higher than this abomination i don't feel sorry for myself duo to i was naive and it was almost 2 years ago and it was only around 100 bucks, but i feel sorry for those who bought a ton hopping for a rise to 1 bucks so, yeah sorry i was an inexperience crying baby to buy n hold that
Short
by GlassICE
2
Algorand testing the 4 Hour Resistance at USDT0.1043, breakout?Take noted the below is not an investment advise, bet at your own risk. I am solely not responsible for any of your loses in money or assets. The Current Algorand price is USDT0.1004 as of 8 October 2023. The Algorand have potential to breakout from USDT0.1004 to USDT0.2185 range in the coming 1 to 2 months before the Fed's FOMC in November 2023. This is because the US court has ruled that SEC need to approved Bitcoin ETF from Grayscale. This is a very strong tailwind for the entire cryptocurrency market. The price will hover between USDT0.1004 to about USDT0.2185 within this period. The other Potential strong tailwind is the pause of US Fed's rate hike this coming November 2023. This along with the Bitcoin ETF approval will drive and test the resistance level at USDT0.2185. If there is a breakout then the next level of stronger resistance based on the dynamic resistance will be at USDT1.4052. Currently there is no potential strong headwind in the cryptocurrency space. The only potential strong headwind is the S&P market falling to around 3900 to 3850 because of higher rate for longer by Fed's US. If next 1.5 months down the road if there is other or fews strong headwinds appears then the price might breakout from USDT0.0778 and head much lower maybe even USDT0.01 is possible. This is highly unlikely to happen since everyone is anticipating a positive news of strong tailwind from the Grayscale Bitcoin ETF win over SEC. Currently don't see any much potential of future strong headwind. USDT0.0778 is not a strong support level based on the 4 hour chart of Algorand. I would only start buying a little at USDT0.0778 and reassess for 2 to 3 weeks before buying more. If by the time Algorand reach USDT0.0778 and the S&P most likely have no reach 3900. The buying scenario above might not happen in this month October 2023 cause everyone will not be selling because of a very potential Bitcoin ETF in the market soon but don't know when only. Based on current market condition it is highly unlikely to get a low that surpasses last year bottom.
Long
by juntech8
Alikze »» ALGO | Ascending corner pattern🔍 Technical analysis: Ascending corner pattern - It is moving in a downward channel in the daily time frame. - It was mentioned in the analysis presented in the previous post, after the failure of the supply zone, it will have the ability to continue the trend until the next supply zone. But it faced selling pressure in the first supply area, which led to a correction of 0.23 from the previous wave. -Currently, it is in a corner pattern, which after the break of the channel, a pullback to the roof of the descending channel has been done. - Also, with the support of dynamic trigger, it can lead to escape from density. - Therefore, by leaving the density, it will have the ability to reach the specified goals and also the supply area. 💎 Alternative scenario: In addition, if it faces selling pressure in the area of ​​the high dynamic trigger and does not have a correction in the form of a soft landing, it can continue to correct up to the range of 0.097 with the failure of the low dynamic trigger. 💎 Note: If Fibo 0.23 is not maintained and below the stabilization zone, the bullish scenario will be invalidated and should be reviewed and updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ALGOUSDT
Long
by alikze
ALGO May Rise After Two Weeks Of AccumulationALGO May rise after Two weeks of Accumulation Since 27 August 2024 ALGO Has moving down within descending pattern suggest a potential bullish movement which Could Drive ALGO back to its precious high as illustrated in the chart . A minor correction is anticipated before the Price resumes it's upward trajectory. This correction may occur ahead of the US CPI Data Release given the current market speculation. You may find more details in the chart Please support with like and comments if you find this analysis useful for your trading day ❤️
Long
by MrCharlie1
1
ALGO May Rise After Two Weeks of AccumulationALGO May Rise After Two Weeks of Accumulation Since August 27, 2024, ALGO has been moving down within a descending pattern. The recent breakout above this pattern suggests a potential bullish movement, which could drive ALGO back to its previous highs, as illustrated in the chart. A minor correction is anticipated before the price resumes its upward trajectory. This correction may occur ahead of the US CPI data release, given the current market speculation. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
ALGO/USDT Secondary trend. Wedge is a trend. 11 2023Logarithm. Time frame 3 days. Linear price graph for clarity of this beauty. The entire secondary trend is a falling wedge , a decline in price from the highs to date for 718 days (24 months, or almost 2 years). Volatility has decreased to a minimum, the price is conditionally squeezed, in the near future there may be an excess of supply/demand and a breakthrough of this long-term formation will occur. A pump impulse for a breakthrough due to super “dead faith” and rather low liquidity (price slippage) can be significant. Decline from the low (liquidity) -96.66%. We are in the zone of so-called capitulation (on the cryptocurrency itself). Also, the chart shows conditionally maximum average (from the average price) potential targets of market phases: 1) “participation” (development of the bullish trend to the reset zone, i.e. distribution). 2) Distribution. Unfair market competition by large market participants. Prices now, it is about 0.1$, which is the price of “large capital” that “invested” in this crypto project. But, they sold out long ago on the first listings..... After all, the crowd was “sold” at the ICO at an average of about 2.5$ per coin, or even more expensive by the method of divorce with the Dutch auction. That is roughly speaking it is +25X (+2500%). Dutch auction (in the classical sense) is a type of bidding, at the beginning of which the highest price for the lot is announced, which gradually decreases; the participant who was the first to stop the price decrease becomes the winner. Bullish cycle 2020-2021. Then after a dump to the 2020-2021 set zone (0.25$ average) in the bull cycle managed to pump and form a distribution (reset) zone of more than +1000%. From that reset zone and formed this truly huge downward wedge, just like on EOS. So, this cryptocurrency "changed speculative hands" many times (huge dump/dump volatility). Anyone could make money, but not the “hamster” level. Perhaps there will be one last run of significant price pumping towards the end of 2024 -2025. Candlestick chart of the wedge zone for comparison. Local trend. ALGO/USDT Local trend. Wedge breakout zone . 5 11 2023 The main trend. The entire trading history. Accumulation/distribution zones. Time frame 1 week. ALGO/USDT Major trend. Cycles. 07 2023
Long
by SpartaBTC
16
Strong demand zoneALGO is in an uptrend and is currently approaching a strong demand zone. This area can act as significant support, potentially driving the price upwards. The price is moving slowly within this demand zone, which may indicate the market’s attempt to attract new buyers. One possible scenario is that the price finds support in the demand zone and, after observing sufficient confirmations, moves upwards. This movement could indicate the continuation of the uptrend and the potential for further price growth. Another scenario is that the price stabilizes after reaching the demand zone, and after observing strong confirmations, it moves upwards. This scenario suggests that demand is being absorbed in this area, leading to a new upward move.
by MonoCoinSignal
Weekly Watchlist Analysis : ALGOWeekly Watchlist Analysis 📊 #Algo #4h In the first trigger of my strategy, the price has dropped by nearly 13% 📉. The previous uptrend exhibited clear signs of weakness: Reduced Momentum: After each breakout, the price moved less each time ⬇️. Increased Red Candles: More red candles appeared toward the end of the trend, indicating selling pressure 🟥. Declining Buying Volume: The final wave saw reduced buying volume while selling volume spiked significantly 📈. As the cycle high formed, the market entered a range after the drop, reinforcing the potential for an earlier short position 📉. Entry Points: First Entry: After the Head and Shoulders pattern broke on the 1-hour timeframe, we got our first entry at the top of the move 🎯. Second Entry: As the price reached the next major support, we went for a correction. The green candles that followed lacked volume and size 📉. After the support was broken and a pullback occurred, the second entry was executed (another entry was made during the support break as well). Third Entry: Upon reaching the next key support level at 0.1258, a sell-off candle appeared, signaling the end of the trend or at least the start of a correction on the 4-hour timeframe 🕒. After ranging and forming a box, a false break to the downside occurred, which lacked the strength to break the previous high or even the box's high, indicating buyer weakness 📉. This was a signal to enter on the next break. Currently, the ongoing downtrend lacks the strength seen in the previous trend. If selling volume doesn’t increase within the next 48 hours, there’s a possibility of a deep correction to the upside in higher timeframes 🔄. Categories: Trend Analysis, Support and Resistance, Volume Analysis Hashtags: #Algo #CryptoAnalysis #TradingStrategy #Tradecitypro #TCP 🚀
Long
by tradecitypro
1
ALGO (Algorand): Falling Wedge BreakoutTrade setup : Price is in a Downtrend, however, it had a bullish breakout from Falling Wedge pattern, which could signal at least a temporary bullish trend reversal with +22% upside potential to $.17 resistance. Stop Loss at $0.12. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Learn to trade breakouts in Lesson 7 and Risk Management in Lesson 9. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Up, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.11, then $0.087. Nearest Resistance Zone is $0.15, then $0.20.
Long
by altFINS
ALGO Price AnalysisAlgorand (ALGO) Analysis Algorand (ALGO) has shown signs of recovery after a significant decline that saw its price drop from the $0.3199 level down to a low of $0.0938. Recently, ALGO has been trading within a narrow range, indicating some consolidation as it attempts to regain bullish momentum. Currently, ALGO is hovering around the $0.1353 mark, just above the critical support zone (Yellow) at $0.1218 - $0.1270. Despite this recovery, ALGO faces strong resistance by the descending trendline seen in the recent price action. If ALGO fails to break above the descending trendline, it may re-enter a bearish phase, pushing the price back toward the lower support levels that could determine its medium-term direction. ALGO is currently at a crucial juncture, with the potential for further downside if it fails to break key resistance levels. Traders should watch for a break above the resistance zone (Green) at $0.1595 - $0.1661 for a potential bullish continuation or a rejection that could lead to a retest of the lower support levels.
Long
by TheCryptoCity
ALGOUSDT: A Crucial Moment Approaching Are You Prepared?Yello, Paradisers! Are you ready for what could be a pivotal moment for #ALGOUSDT? Let’s dive into the latest analysis and uncover what might be coming our way. 💎We’ve been tracking #ALGOUSDT closely, and the signs suggest a potentially explosive move. If the price breaks above the descending resistance, we could see a bullish surge. 💎However, given the repeated patterns we've observed, there's a possibility that the price of #algorand may retrace back to a strong support level at $0.1226. If momentum holds, we might witness a bullish ride up to the probable resistance. 💎But we’re prepared for all scenarios. If the price loses momentum at the strong support and breaks below, we're eyeing a potential bullish rebound from the lower demand zone at $0.1085 💎This is a critical juncture, Paradisers. Keep a sharp eye on the price movements around this demand area. A daily close below this zone could invalidate the bullish outlook and signal further declines. Staying disciplined and patient is key here. The market is full of opportunities, but only those who wait for the highest probability setups will come out ahead. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Algo relief rally and drop in JanuaryBINANCE:ALGOUSDT Just a local picture for January Possible Targets and explanation idea ➡️After hype around World Cup championship we dropped down and found the main support zone. ➡️I think this is the potential bottom for now for $ALGO ➡️Local trade can be looks like this on 12H timeframe ➡️According Crypto4light Direction indicator whales accumulated Algo all December. Now we see clear signal to pump on both indicators ➡️Local stop losses now over 0.23 cents so we have a little bit range to grab this tiny stop losses and go back test 0.17 like support ➡️ In February we will see price over 0.30 and maybe 0.50 for ALGO. More clear higher timeframe global chart ill post in another idea ➡️With path I showed potential direction for January local time period trades Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
3