ALGOUSDT trade ideas
Mapping the ALGOUSDT On DailyGood day there,
Algorand has the potential to go up to form a lower high near the 0.2920 areas and drop to the low regions of 0.2223 and make a bullish pullback.
The potential uptrend can reach 0.3838 to 0.4231 highs.
The current daily bear candle, however, isn't clear. I used the Elliot Wave schematic for potential future resistance levels.
Happy Trading,
K.
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: 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.
Like and follow us for more interesting ideas.
Cheers
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