Algorand on its way to challenge the last overhead resistanceAlgo is is gearing up to challenge its overhead resistance; the last one remaining in this cycle. I believe this will happen sometime in June/July. Things will ramp up suddenly after that.
ALGOUSDT.PS trade ideas
ALGORAND SETS TO JOIN THE BULLRUN BUT AFTER 20% NUKEThe Other Elliott Wave Count
BINANCE:ALGOUSDT shows a classical Head & Shoulder Pattern but as an Elliott Wave Trader I see it as a potential Truncated Head & Shoulder and wave 2 about to end.
When this wave 2 ends I am expecting ALGORAND to begin it bullish run for the ALT SEASON. At least a x2-5 200 - 500% is guaranteed.
Entry is anywhere in between the box and the 618 to 786% Fibonacci level while the invalidation level is at the ALL TIME LOW and the first target is $0.456 presenting us with a 6 Risk Reward Ratio.
Remember the PSYCHOLOGY behind this incoming bull run as I have explained before. now many traders are frustrated as much as the bulls and the bears are confused but as price keeps going down the bears will affirm their bias and the bulls hope will begin to shift to being bears just like when BINANCE:BTCUSDT was at 16k and then boom.
OTHER ANALYSIS
BINANCE:ALGOUSDT
BINANCE:ADAUSDT
BINANCE:PIXELUSDT
BINANCE:APEUSDT
BINANCE:NOTUSDT
Algorand (ALGO)ALGO has made a harmonic pattern and looks like it is finished. Just have to wait for the price to break the downtrend line.
ALGO | BUY CALLALGO has formed bullish divergence on last swing low and is trading above its falling trendline and HORIZONTAL ZONE.
ALGO Confirmed a Bullish Wedge PatternALGO Confirmed a Bullish Wedge Pattern
During these days ALGO confirmed a bullish wedge pattern signaling the beginning of a
bigger bullish wave.
The breakout from the pattern looks solid and it keeps printing green candles so far.
Any small correction is expected before the price resumes the bullish move again.
Expected resistance zones 0.1900; 0.2400 and 0.3000
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❤️
ALGOUSDT 1D#ALGO has broken out of the falling wedge pattern on the daily chart and is now facing the MA50 and Ichimoku cloud. We are bullish on it. The targets are:
$0.1968
$0.2223
$0.2477
$0.2838
$0.3299
ALGOUSDTALGOUSDT.
Will ALGOUSDT get bids from buyers ?
As the price is at strong support level and bullish divergence indicating the buyers may attack this zone. If this happens and buyers start buying from here then the next target could be 0.2600 followed by 0.300
What you guys think of this idea?
ALGOUSDT 1WALGO ~ 1W
#ALGO Make gradual purchases within this support block, with a short-term target of at least 20%+
ALGOUSDTThis is my price prediction based on my technical knowledge on altcoin crypto market and this is not FA please do your own diligence Thanks!
Pigs get slaughteredWake up Grab a brush and put a little makeup Hide your scars to fade away the shakeup Why'd you leave the keys upon the table?
Perfect entry zone ALGOIt need a bit of time, but finally Algorand entered the buy zone I was waiting for. We can see a nice accumulation inside this zone and actually the price is trying to break out from this zone. I expect a move to the upside in the coming weeks, targeting $0.28
ALGO/USDT Weekly Chart UpdateHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
ALGO on this weekly timeframe has been in a downtrend since March 2024. The price is already down by 60%, and if the market goes bearish, ALGO is likely to drop a further 48% to 50%.
The only bullish scenario for ALGO is to break above the 50 EMA and the resistance trendline.
Key Observations:
~ Support/Entry: $0.076 to $0.0909
~ Resistance: $0.1905
~ Higher Rallies: $0.2817, $0.4679, $0.8280, $1.5124, $2.3825, $3.44.
DYOR. NFA.
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ALGOUSDT - Bullish divergence, rising wedge breakoutNext couple of days are quite bullish for ALGO!!
Algo has gone through a depression phase in last couple of months, signs of reversal.
The structure hasn't broken, Expect a 50% to 80% ride easily.
Key levels are define to take profits and keeps your trades in profits..
Algorand (ALGO): Looking For Rejection From Resistance!Algorand is looking sweet, trading just below the local resistance zone, trying to breakout from it.
We are looking for any signs of weakness to kick in near this zone in order to take a potential trade towards the support line in the lower zones!
Swallow Team
Check under your beds... those are BULLS!Buy the fear, alt season is near.
Bears are at the end of their ropes!
Bulls are coming back!
LONG like your life depended on it.
ALGO Price Analysis: Key Supply and Demand Zones (2024-2026)BINANCE:ALGOUSDT
The chart shows the price movements of Algorand (ALGO) against Tether (USDT) on a 3-day time frame. Here are some key points and features of the chart:
1. **Supply and Demand Zones**:
- There are marked supply zones around the $1.00 to $1.50 range, indicating areas where selling pressure may increase.
- A demand zone is highlighted around the $0.0820 to $0.1838 range, suggesting buying interest in this region.
2. **Key Price Levels**:
- Significant levels are marked at $0.3728, $0.1838, and $0.0820, with the current price at $0.1431.
- The highest marked level on the chart is $2.9900, indicating a potential upper resistance level.
3. **Volume Profile**:
- A volume profile on the right side of the chart shows the traded volume at different price levels. Higher volumes at certain price points suggest those levels may act as support or resistance.
4. **Breaks of Structure (BOS)** and **Change of Character (ChoCH)**:
- The chart indicates areas where the market structure has shifted, potentially signaling changes in trend.
5. **Price Action Analysis**:
- The historical price action shows peaks and troughs with specific points of interest (POI) marked.
6. **Current Trend**:
- The price appears to be in a downward trend, reaching a low around the $0.0820 mark before bouncing back to the current price of $0.1431.
ALGO/USDT MAY 2024It's been a while since our last chart update, but now is a great time to analyze some long-term patterns in altcoins. We still have a few spot trades open, and ALGO looks particularly promising with its potential for significant profits.
Currently, ALGO is showing an accumulation phase, which could lead to massive gains if it maintains the inverse head and shoulders pattern it's forming. The right shoulder is still in progress, indicating potential upward momentum.
Exit Targets:
First Target: $0.29 area
Second Target: $0.45 area
Keep an eye on the low of the right shoulder at $0.15, as this level would invalidate the pattern.
As always, ensure your money management strategies are in place. Happy trading!
Algorand (ALGO): Head&Shoulders Pattern About To Break NecklineAlgorand is looking sweet with a ncie H&S pattern where we are now at the final stage of breakdown (price is testing the neckline zone).
We are looking here for a full-scale breakdown, which would result in a movement to the lower target zone!
Swallow Team
Long-TermAltcoin season will be soon
Algo is at a 95% discount from ATH
Hold for 1-2 years
Following History when BTC moves Altcoins follow
ALGORAND CORRELATING CLOSELY WITH CHAINLINK
Very similar to Chainlink (although major ALTS are correlating very well now)but I believe more on total fall for deeper retracement for a primary degree wave 2 for BINANCE:ALGOUSDT than BINANCE:LINKUSDT (see link chart below).
OTHER ANALYSIS
ALGORAND SETS TO JOIN THE BULLRUN BUT AFTER 20% NUKE
BINANCE:ALGOUSDT shows a classical Head & Shoulder Pattern but as an Elliott Wave Trader I see it as a potential Truncated Head & Shoulder and wave 2 about to end.
When this wave 2 ends I am expecting ALGORAND to begin it bullish run for the ALT SEASON. At least a x2-5 200 - 500% is guaranteed.
Entry is anywhere in between the box and the 618 to 786% Fibonacci level while the invalidation level is at the ALL TIME LOW and the first target is $0.456 presenting us with a 6 Risk Reward Ratio.
Remember the PSYCHOLOGY behind this incoming bull run as I have explained before. now many traders are frustrated as much as the bulls and the bears are confused but as price keeps going down the bears will affirm their bias and the bulls hope will begin to shift to being bears just like when BINANCE:BTCUSDT was at 16k and then boom.
PREVIOUS ANALYSIS
OTHER ANALYSIS
BINANCE:ADAUSDT
BINANCE:PIXELUSDT
BINANCE:APEUSDT
BINANCE:NOTUSDT
BINANCE:PEPEUSDT
