Algorand (ALGO): Targeting $0.32 Once We See Breakout Algorand has had a decent upward movement where now we are retesting the resistance zone on smaller timeframes.
Now what we are looking for is the proper break of that zone, which then would result in a good upward movement. So for now we wait for the 200EMA to be secured by buyers.
Swallow Academ
ALGOUSDT short-term predictionhi traders,
ALGOUSDT has been traded in the downsloping channel, and now it looks like the breakdown is occurring while I'm creating this publication.
I'm bullish on ALGO long-term, but a short-term 8 % drop is expected.
As the breakdown is just happening, you can enter short now.
Stop loss: 0,21
Here's the analysis of Algorand (ALGO/USDT)🔍 Step-by-Step Strategic Breakdown:
1. Market Direction (Multi-timeframe Trend)
Daily Structure: After a sustained downtrend (LL–LH), ALGO broke out of its descending trendline and made a higher low followed by a higher high, indicating a possible trend reversal.
Trend Bias: Turning bullish on the
Is ALGORAND going to reach 2.550?Algorand has broken through a key resistance at 0.3300. This signals the start of a new bullish trend on the weekly timeframe. Currently, the price is moving within the buying zone of an Andrews Pitchfork, which presents a potential setup for buyers.
The ideal strategy is to wait for a retracement
Algorand (ALGO): Market Structure Break | Getting Ready to ShortAlgorand seems to form a proper MSB formation where we might catch a good downward movement once we see either a breakdown from current zones or a successful re-test from EMAs on a 30M timeframe.
More in-depth info is in the video—enjoy!
Swallow Team
Buy 0.15 Sell 0.885 Or HigherMy opinion is evident in my paintings.
If we follow the history of price movements, we can guess the general trend, but there are various situations that can change this trend, for example, a very large Bitcoin pump, due to which the market cap of other markets and the price are subject to changes,
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of Algorand / TetherUS (ALGO) is 0.2459 USDT — it has risen 3.67% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing ALGO price chart.
Algorand / TetherUS price has risen by 24.40% over the last week, its month performance shows a 38.17% increase, and as for the last year, Algorand / TetherUS has increased by 37.45%. See more dynamics on ALGO price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
Algorand / TetherUS (ALGO) reached its highest price on Jun 22, 2019 — it amounted to 3.4400 USDT. Find more insights on the ALGO price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Algorand / TetherUS (ALGO) reached the lowest price of 0.0820 USDT on Aug 17, 2023. View more Algorand / TetherUS dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying ALGO is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade ALGO right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for Algorand / TetherUS (ALGO): today its technical analysis shows the buy signal, and according to the 1 week rating ALGO shows the buy signal. And you'd better dig deeper and study 1 month rating too — it's buy. Find inspiration in Algorand / TetherUS trading ideas and keep track of what's moving crypto markets with our crypto news feed.
Algorand / TetherUS (ALGO) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, Algorand / TetherUS is estimated as 6.42% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about Algorand / TetherUS, you can find more inspiration in our curated watchlists.
You can discuss Algorand / TetherUS (ALGO) with other users in our public chats, Minds or in the comments to Ideas.