130% GAIN OPPORTUNITY on Inverted H&S in weekly timeframeALGO
Algorand is a fast, secure, and decentralized blockchain network based on a pure proof-of-stake protocol. It’s known for its speed, scalability, and energy efficiency. Algorand is also carbon-negative and plans to introduce dynamic round times, incentivized consensus, a peer-to-peer gossip network, and native Python support in 2024. It’s a promising platform for decentralized applications.
Inverted H&S on weekly BINANCE:ALGOUSDT is forming.
Wait for a breakout on 0.28 level and in case of throwback, then go for a long with a
1st TP around 0.42- 0-44
2nd TP around 0.64 to gain 130%
stay tuned and do always your own research
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Not financial advise ;-) and Thanks for comments!
ALGOUSDT trade ideas
ALGOUSDT: Falling Wedge - Getting Ready for breakoutFalling wedge is bullish pattern (reversal pattern) formed by two converging bearish lines.
As you can see in the chart, BINANCE:ALGOUSDT has formed a clear falling wedge patter.
If the breakout is confirmed, we can enter the trade around 0.173
After the breakout we can expect a minor correct, however breakout entry should be good and position can be average to get better entry price if the correction happens.
EntryPrice: 0.1734 (after breakout) - 0.165 (for averaging the entry)
Stoploss: 0.1490
TP1: 0.1894
TP2: 0.2040
TP3: 0.2253
TP4: 0.2531
Don't forget to keep stoploss.
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GreenCrypto
ALGO: Pullback in UptrendTrade setup : Price remains in an Uptrend. Following a failed break above $0.30 resistance, price is approaching $0.25 support area, which could be an attractive swing entry in Uptrend, with +20% upside potential $0.30 near-term. Stop Loss (SL) level at $0.22.
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). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.25, then $0.20. The nearest Resistance Zone is $0.30, then $0.36 and $0.41.
Algorand on a Classic Mooove 🚀Hey Traderz,
The Chart says the story. Classic Rounding Bottom Pattern with a nice pullback.
Hoping for a 100% gain. Let's hope for some positive news coming on the corner and the price raise quicker.
Don't let greed catch you. Book the profits and Exit the markets.
Entry - Around 0.2427 - 0.2600
Stoploss - 0.2000
- Everything depends on How BTC performs. But let's keeeeep hope.
Happy Trading !!!!
ALGO: Pullback in UptrendTrade setup : Price remains in an Uptrend. Following a failed break above $0.30 resistance, price is approaching $0.20 support area, which could be an attractive swing entry in Uptrend, with +25% upside potential to $0.25 near-term and +50% to $0.30 mid-term. Stop Loss (SL) level at $0.18.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $0.25, which it broke, then $0.20. The nearest Resistance Zone is $0.30, then $0.36 and $0.41.
"🚀 ALGOUSDT: Inverse Head & Shoulders Breakout Imminent! 🚀ALGO appears to be gearing up for a major move as it completes the Inverse Head & Shoulders pattern on the 1 week chart. 📈 The absence of bearish divergence and any downtrend signals, combined with the current consolidation around the neckline, sets the stage for a potentially bullish breakout.
🔍 Key Levels to Watch:
Neckline Breakout: Look for a decisive move above the neckline.
Retest Confirmation: A successful retest post-breakout will strengthen the bullish case.
📊 Trade Strategy:
Considering the technical setup, we anticipate a robust bullish trend once the neckline resistance is breached. Traders may want to position themselves for a potential long ride, pending confirmation.
🚨 Risk Management:
As with any trade, it's essential to implement proper risk management. Set stop-loss levels to mitigate potential downsides.
📈 Targets:
Keep an eye on key resistance levels for potential take-profit zones.
👉 Disclaimer:
This analysis is for educational purposes only and not financial advice. Always conduct your own research before making trading decisions.
👀 **Stay tuned for real-time updates! Like and follow for more insights. Let's navigate these markets together! 🌐 #ALGO #Crypto #TradingView #TechnicalAnalysis #ALGO
Algorand(ALGO): Potential Movement To Lower Zones!Algorand has been showing some steady movement to lower zones, where we see multiple signs of weakness.
With that being said, we are pretty confident to see some further movement here, potentially securing fully both 100 and 200 EMA by bears.
Multiple good scalps can be taken here as well, we see!
Swallow Team
Algorand uptrend local targetsBINANCE:ALGOUSDT
Lets take a look on D timeframe for Algo
Possible Targets and explanation idea
➡️Local fib we perfectly touched -0.18 lvl and would be good to test green block again
➡️Like usual we got many variations of price movements but I marked 2
➡️Both of this price movement for continuation Up.
➡️Green - retest 27 block and continuation in spring
➡️Red - retest buy line "take profit" indicator on D and Up
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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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