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Algorand / TetherUS

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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. Like and follow us for more interesting ideas. Cheers GreenCrypto
Long
by GreenCryptoTrades
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.
Long
by altFINS
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.
Long
by altFINS
"🚀 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
Long
by mudusir
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 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
Bullish uptrend COMING SOON Algousdt, AlgorandDear friends, Algorand has been in a downtrend for MANY MONTHS, it reached major support area of 0,09 cent. (ATTENTION, it still can FALL lower). Now Algorand seems to be establishing a BOTTOM. Bullish signs: Bullish divergence, volume increasing, major support zone, oversold territory. 2 things can happen now: Algorand slowly increases. Or Algorand makes new low under 0,09 to take stop-losses and liqiudity and then starts an uptrend. BINANCE:ALGOUSDT COINBASE:ALGOUSD KUCOIN:ALGOUSDT
Long
by realmadrid2015b15
2
ALGO ANALYSIS🚀#ALGO Analysis : Pattern Formation 🔮As we can see in the chart of #ALGO that there is a formation Inverse Head And Shoulder Pattern and it's a bullish pattern. Also there is a perfect breakout and retest of the levels. This indicates a potential bullish move.📈📈 🔰Current Price: $0.2353 🎯 Target Price:    $0.3871 ⚡️What to do ? 👀Keep an eye on #ALGO price action. We can trade according to the chart and make some profits⚡️⚡️ #ALGO  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts