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Algorand / TetherUS

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ALGOUSDT trade ideas

ALGO/USDT "Double Bottom?"Hey guys 👋 Another coin that caught our attention here is ALGO coin with a great potential for a bullish movement here to happen soon! Waiting for the outcome which can result to at least 20% growth! If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowAcademy
14
ALGORAND - Massively bullish, 100% upside potentialALGORAND has recently come out of a downtrend... and currently facing resistance around the 0.225 - 0.24$$ region. the question is what is the safe entry for this? the token has extremely strong support at the 0.21$ region, an aggressive entry can be taken around 0.215 - 0.21 $ A safer entry can be looked at around the 0.19 - 0.2$ region. This entry can be achieved if BTC retraces back to 29000$ level before continuing its journey to 38 - 40,000 $ level. after that is a rocket ride. let's see if PA takes turn in our side
Long
by crypto_gambler_
5
Algo Bulls Need FuelLooking at Algorand/USDT 4H on Binance, it seems like there is a long road ahead for ALGO bulls. We see two recent rejects at the .5 FIB / $.24. The retracement found support on the 200MA but the subsequent bounce was unable to fully recapture the .382 FIB at $.225. I'd expect some chop between the 200MA & .382 then a drop down towards $.21. With the two rejections in place at $.24 and little volume supporting the 200MA bounce, I'm generally bearish in the short & long term on Algo. The volume spike that drove it from $.19 to $.24 seems anomalous and without any real momentum. Should bulls get the fuel they need from somewhere in the ecosystem, its a tough road towards the long time resistance at $.26 (white line). I'd expect multiple attempts & failures at recapturing that level, especially with the .618 so close to it. With so many other charts & cryptos showing bullish indicators, Algo is a tough technical sell in current form.
Short
by ChartswithChip
7
$ALGO - rise up .. long time no see my friend. algo bulls would be hoping the longer the accumalation the bigger the pump innit ?? anyways bid as close to blue line or .2050 and stop tad under it tbh looked at algo cause i figured the risk would be the least if you're an algo hodler id say try doing a 3x on your spot bags defo get more than staking it or hodling lets see how this goes not getting a bag just recon its time this started doing something ... wide stop .2016 or 8% from here tighter .2048 target blue line or 144% opening on this a separate account so either i get stopped or target hits ( patience needed )
Long
by CompoundingGain
ALGOUSDT needs to create a new breakout!BINANCE:ALGOUSDT is currently testing the weekly resistance level at the 0.23 USD area, which is an important level to watch as it has acted as resistance in the past. A breakout above this level could signal a bullish trend continuation, as it would indicate that buyers are willing to push the price higher despite the resistance. Traders may want to wait for a breakout above this level and a retest of this area as new support before considering a long position. According to Plancton's rules, if there is a breakout above the 0.23 USD area, it would suggest a new long position as it indicates a potential trend reversal to the upside. This rule suggests that traders may want to consider entering a long position in anticipation of a potential price increase. Overall, the market sentiment for ALGOUSDT appears to be bullish, with the potential for a breakout above the weekly resistance level at the 0.23 USD area. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
14