ALGOUSDT trade ideas
AlgousdtAlgo Formed Falling Wedge In H4 Timeframe( Bulish Reversal Chart Pattern)
Rsi Printed Massive Bulish divergence ( Bulish Divergence In Rsi Is Also Bulish sign)
Now Algo Needs To Break Wedge To The Upside Then We Can Look For Long Entries
Keep In Mind That Algo Will Remain Bearish Till Wedge Upside Breakout
ALGO is looking better than it ever has!This is literally just screaming to be bought. Right now is 1 of only 3 brief periods in ALGO'S history where you could buy at this low of a price. If you buy now then you're buying cheaper than 99% of everyone who's ever bought.
That's called an opportunity, and opportunities like this don't happen very often.
Lead, don't follow!
ALGO USDT (4 hour)Hi guyz
As you can see, we see a divergence
Also, the validly formed upward channel has been broken by the price.
Also, by examining the 1-hour cloud, we see a break of the 1-hour cloud to the upside.
The price in the two-hour chart has also managed to enter the cloud, and there is a possibility of touching the cloud ceiling.
In this case, you can enter into a transaction with less risk, of course, for fluctuation.
The first resistance of this currency is 0.1731, and we expect a partial correction from this area.
algo can go upHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ALGO symbol.
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
Buy yourself some ALGO for ChristmasAlgorand is one of the most sustainable blockchains.
Algorand was always my favorite blockchain. And it will always be my favorite coin to invest in.
Technical Analysis speaking, ALGO is trading at the bottom, it could go lower, but this is still a very good entry. And also, there are reversal signs with ALGOUSD when you look at the 1H chart.
Long term plan is to buy a small among of ALGO here and then buy some more at $0.1 (if we ever get there). And the short-term plan is to go LONG here with a tight stop-loss.
Long Scalping Setup:
Entry: 0.17x
Sl: 0.16
Tp: 0.19
ALGOUSDT - Bearish below 0.2025Here's a quick take on ALGOUSDT - Not a whole lot to discuss here other than ALGO has fallen below a major support level at 0.2025 which was established in late 2019 and early 2020 during the covid dump.
A 5 wave structure can be seen on the way down with wave 4 retracing internally only roughly 23.6% of the way to another key level around 45 cents.
I would expect a significant bottom to be found if it goes to 14 cents. Otherwise, if it can close a daily candle above 0.2025, then I belive it'll go to the next resistance level within a couple days.
ALGO/USDT waiting for breakdownHey colleagues
Another one we are going to look at is ALGO token. We see a good possibility for this coin to go or lower levels once breaking the level of $0.188. Breaking that level will result the bearish movement towards lower levels. We also see that BB indicator path is getting tighter so some sort of movement should happen sooner or later.
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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.