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ALGOUSDT trade ideas

$ALGO Mark up phase beginsALGO is trying to reclaim the c19 lows here. This is typically the first sign of the reversal, sweeping the lows, and then rejecting the continuation lower. From here you would expect to retest .23 cents illustrated by the golden bubble, which also shows a correlation between this level and .41 cents, with some chop inbetween. The next range we would want to pay attention to is the first purple range. Historically, if support is found here, we would expect a continuation to bring us to the purple range above it at around .66 cents, which is also the .618 retrace, and a local 1.618 ext. Above that, an extension a degree up would bring you to 1.27, and the purple zone at about 1.58. Following the levels on these reversals is important, and even more important is paying attention to the way price moves between them, and ignoring the static. The spaces in between are used to chop you up and wont neccessarily be so clear cut. Im not forecasting expectations, just the path in which a reversal is most likely to unfold and mathematically based extensions / retracements of the data we do have. This idea is supported by all momentum oscillators including ADX, BBWP, RSI and Money flow. All of which, suggest that we are in the very early stages of a major impulsive move upward.
Long
by TradingNomadic
2
ALGOUSD bull thesisafter almost two years of downtrend, for the first time the trendline has been breached. This is one of my favorite bull setups, because its easy to spot and only requires a lot of patience. no one knows how high this can get. but i assume a 5-19x is possible depending how crazy crypto will get pre halving. also not sure if this already qualifies as a dinosaur coin so there might be less interest by newcomers in the market to trade this coin. for the record, i'm just papertrading this. buy at your own risk.
Long
by Crypto_Haddock
ALGO BULLS TO TAKE OVERHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. What's next on ALGO. As we can see price is still sitting around our all-time low adding on around a strong round number, where we will be looking for new longs as well. Meanwhile, for the bulls to take over from a medium-term perspective, we need a break above the marked major swing high, then a movement higher would be expected as a shift in momentum from bearish to bullish. Until that price is still overall bearish and price can still trade lower and lower. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
2
ALGO/USDT Ready to continue upward Movement ?? Bullish Momentum💎 ALGO has undoubtedly seized our fascination, successfully breaking through the descending channel pattern. Following this breakout and a subsequent retesting phase, ALGO embarked on a significant upward journey, only to face a stern rejection at the resistance zone. 💎 Currently, ALGO is retracing to the nearby support level at $0.097, seeking fresh momentum for another breakout attempt. A crucial bounce at this juncture is necessary for ALGO to rally back and challenge the resistance zone once more. Should ALGO manage to break this resistance and secure a position above, Probability would pave a smooth path toward its next targets - the supply zone and the bearish OB. 💎 However, ALGO's trajectory could take a negative turn if it fails to maintain its stance above the support or within the demand zone. Should ALGO falter in upholding the support level, it still reserves a lifeline at the demand zone. It's imperative at this demand level for ALGO to manifest a bounce; failure to do so could signify a forfeiture of the demand zone, potentially triggering a retreat to the robust support zone below. 💎A precarious scenario unfolds if, upon retesting, ALGO shows no signs of bullish rejection or bounce within the demand zone. This weakness could be a harbinger of ALGO's potential loss of the demand zone. If this materializes, the bullish momentum may wane, giving way to bearish tendencies and priming ALGO for a downward spiral, seeking solace back at the strong support zone.
by MyCryptoParadise_Nathan
9
ALGOUSDT - Bullish I'm considering a long position in ALGOUSDT at a price of $0.0970. My analysis suggests that ALGO is currently following a bullish trend, in alignment with the principles of Dow Theory, and consistently forming higher highs and higher lows, which are indicative of a robust bullish pattern. In addition, I've identified a bullish divergence on the 1-hour timeframe, further supporting the case for a potential bullish move. For risk management, I plan to place a stop loss at $0.0915, just below the last lower low. This approach is designed to mitigate potential losses. As for my target, I'm aiming for a 1:1 risk-reward ratio, with the initial target set at $0.1025. It's important to keep in mind that while this analysis suggests a favorable setup, the cryptocurrency market can be highly volatile. Therefore, conducting thorough research and staying updated on market developments is essential before making any investment decisions
Long
by sunnytrader07
🚨 Trade Alert: ALGO/USDT (3-5x)🚨 New Trade Alert 🚨 ✅ ALGO/USDT (3-5x) 📉 LONG Entry Zone: 0.102 - 0.1092 ⛔️ SL: 0.0986 🔒 Breakeven Move: When it moves close to TP2 🎯 Take Profit: Short Term: 0.1103 - 0.1120 - 0.1140 - 0.1180 - 0.12 Mid Term: 0.13 - 0.14 - 0.15 - 0.16 - 0.17 📝 Ensure you set entry orders to balance the trade's entry and aim to secure 30% of profits within the first two targets. Once profits are gained, adjust the stop orders to match the entry points or break-even levels. ⚠️ Disclaimer: Historical earnings cannot assure future outcomes. Is there a potential for risk? Certainly. The entire financial market is susceptible to uncertainties; any underlying factor or abrupt shift in market sentiment could overturn the current market trends and lead to losses. Refrain from undertaking undue risks that might jeopardize your financial stability. You are under no obligation to engage in this trade; kindly avoid the trade if you disagree with the trade analysis. GIS TRADING®
Long
by GISTRADINGLLC
ALGO SETTING UP TO PUMP?!?!Algo looks bullish. Looking at the chart we can see a few ways how the algo price action might play out. If this breaks out to he upside, I mapped out where I think price will go and where to exit or take profit. (Golden Pocket (Orange Line)) Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
3
Algo ready for trend change(bullish)Okay,I know we all been watching the steady downtrend of EURONEXT:ALGO for a very long time but hear me out, I think its finally time it starts to pop off. Monthly has reached a strong support zone. Multiple candles rejecting. Higher time frames showing clear rejections where price has finally made the same low. Double bottom formation. For ideal traders, I will wait for a break out and retest. I'm personally adding positions here with a long sl. Will keep you all updated. Best wishes to everyone!
Long
by KidCrypto_
1
ALGO can drop moreIt looks like a diametric finished. After this bullish diametric I expect another bearish pattern to complete to the downside. You can look for sell/short transactions in the red box. I specified the invalidation level, closing one 4-candles above this level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
10
ALGO - Time to Buy?I think its a perfect time to buy or Long some Algo We can see that the coin perfectly bounced from 0.0878$ price level, from which it already bounced for the 3rd time. And each time it was bouncing for 16 to 22 % up On the chart I highlighted important levels to watch and book some profits. 1. High possibility that the coin will bounce till 0.0978$ where we can expect bear reaction. So either open short position from that level, but 1st of all check if the markets trend is bearish and if there will be bearish signs on Lower time frames 2. The coin breaks above 0.0978$ and reaches 0.105$ where the probability that sellers will want to lead at that level is very HIGH. So, important to book some profits there too. 3. Very bullish and optimistic scenario is that the coin breaks above 0.1059$, would be perfect to see Weekly close around that level. In this case, the coin can go to the higher prices, for example 0.1167$ etc.
Long
by vazitrades