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ALGOUSDT trade ideas

Alikze »» ALGO | Scenario 3 or C bullish - 1W🔍 Technical analysis: Scenario of the first cycle bullish wave 3 or C - 1W BINANCE:ALGOUSDT In the daily time frame, the ascending channel is moving. - In the analysis presented in the previous post , after reaching the dynamic trigger, it faced selling pressure and, after a correction of 0.23 Fibo of the previous wave, it was able to continue the upward movement to the supply area. - Considering the previous movement structure, which had an upward cycle to the 33 cent range, after which it made a three-wave downward correction cycle. 💎After that, by forming a Double Bottom, it was able to touch the middle of the channel and the neckline by creating demand. 💎Considering the momentum, this movement cycle can continue to the ceiling area of ​​the ascending channel and the supply area, and then with a temporary correction in the middle of the channel, it can continue the upward path to the second supply area. ⚠️In addition, if the price enters the Invalidation LVL range during this upward phase, the bullish scenario is invalidated and must be re-examined and updated.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
3 identical rectangles, from accumulation to top of run3 identical rectangles, from accumulation to top of run. we can see the gains ALGO had after an accumulation period. copy that rectangle to today after the long accumulation we had we can see 1,5-1,6 dollars is an easily achievable price. My opnion? we will go much higher than that, altcoin season is slowly coming while btc.d is declining. i do not see btc dropping anytime soon especially when big companies like microstrategy have bought huge sums of it. GL ALL
Long
by BlackSeaFish61
ALGOUSDT Surges by 82.83%The cryptocurrency ALGOUSDT has experienced a powerful rally, rising by an impressive 82.83% and achieving a price of $0.21900. This significant growth marks the successful attainment of the second target, reinforcing its bullish momentum. Despite reaching this milestone, ALGOUSDT shows no signs of slowing down, with the uptrend still intact. The trade remains open, as further potential for upward movement is anticipated. This remarkable performance highlights the strength and optimism in the market for ALGOUSDT. Traders are encouraged to monitor this dynamic asset closely.
Long
by SafeCryptoSignals
Algorand Confluence StrongIt's quite the busy chart but it's all about confluences. And right now I'm seeing strong confluence, which is a vote of confidence for me. Bullish divergence with RSI signalling 5th wave completition (corrective) Falling wedge boundaries being respected RSI climbing slowly but surely Bounce off .786 fib retracement and making a HL (need to see HH next) RSI is now bullish on the 2D TF and up If this is wave 1 of the current cycle and with a severe correction to .786 Fib, Algo won't correct much at wave 4. Meaning it's up and only up from now on till the fifth wave sometime in 2025. This NFA!!
Long
by LockedAndLoaded
2
ALGO/USDT Prime Buy Opportunity Strong Rebound PotentialThe cryptocurrency pair ALGO/USDT has shown significant signs of potential upward momentum, making it an intriguing opportunity for buyers in the medium term. Currently priced at 0.11975, ALGO appears to be forming a strong support level at this price range after a series of corrective moves. Several technical indicators signal a promising scenario for a price rebound. The Relative Strength Index (RSI) is hovering in the oversold territory, suggesting that selling pressure may be diminishing, which often precedes a reversal or a bounce-back in price. Furthermore, the Moving Average Convergence Divergence (MACD) has shown signs of bullish divergence on the daily chart, with the MACD line nearing a crossover above the signal line. This movement hints at a potential change in momentum from bearish to bullish. In addition, ALGO's price is nearing the lower Bollinger Band, which typically acts as a support level, indicating that it could be undervalued at the current price. Volume analysis further strengthens this outlook; there has been a gradual increase in buying volume, suggesting that traders are beginning to accumulate positions at these low levels. This could lead to an upward move as the market digests this accumulation phase. Given these indicators, the current pullback may be a compelling entry point for long-term buyers looking to capitalize on a medium-term upward trend. Investors might consider this price level a buying opportunity, with expectations for a strong bullish movement as ALGO/USDT gains momentum.
Long
by SafeCryptoSignals
ALGOUSDT.4HExamining the ALGO/USDT 4-hour chart, I observe several important features and indicators that provide insights into the current market behavior and potential future movements. Key Observations: Resistance Levels: The chart points to a key resistance at 'R1' ($0.1122). This level has previously acted as a barrier, and surpassing it could signal bullish momentum. 'R2' at $0.1330 is the next significant resistance if 'R1' is breached. Support Levels: The chart does not specify current support levels below the last visible price, but it's critical to note the descending resistance line which has been acting as a dynamic resistance level. A break above this line could be indicative of a trend reversal. Price Trend and Movement: The price appears to be consolidating with potential attempts to breach the descending resistance line, indicating a pivotal market sentiment phase. Technical Indicators: Stochastic RSI: The Stochastic RSI is approaching the oversold region, suggesting potential for a price reversal or at least stabilization, which might provide a buying opportunity. MACD: The MACD is currently below the signal line, indicating bearish momentum. However, the histogram suggests the bearish momentum is weakening, which could precede a bullish crossover if the trend continues. Strategic Approach: Given the proximity to the descending resistance line and the technical indicators suggesting potential shifts, I would closely monitor ALGO for a possible breakout above this line. A confirmed breakout, especially with an accompanying bullish MACD crossover, could validate entering a long position targeting 'R1' and potentially 'R2'. Alternatively, if the price fails to break the resistance line and declines, it will be essential to identify new support levels to reassess entry and exit points. This could mean setting up buy orders near historically significant support levels or areas where the price has shown resilience in the past. Conclusion: The ALGO/USDT pair is currently showing signs that could either lead to a breakout or further consolidation. Traders should be vigilant and look for confirmation of direction through additional indicators and volume analysis. Entering trades should be considered cautiously with tight stop-losses to manage risk effectively, especially given the current uncertain market conditions. As always, maintaining a disciplined approach to risk management is crucial to navigating the markets effectively.
Long
by MarsSignals
Long ALGOEntry1: Demand zone: 0.119 considering where the price stopped before. The entry would be right beneath recent lows. Here, we probably have a lot of SLs, but it's also possible to have breakout shorts. A direct entry without some confirmations on LTF is riskier. SL: right below the last doji. TP: on a further away Supply zone that coincides with fib 0.5, or the middle of the range if we consider price action on HTF to be a range. Entry2: Demand on the wick of the last doji, also a support zone. SL: beneath the support TP: We can have this trade as an HTF play, still in the range. We're betting on a reversal on the H1TF.
Long
by andreilupusoru
ALGO: Inverse Head and Shoulders Pattern- Bullish SignalALGO: Inverse Head and Shoulders Pattern Signals Bullish Short-Term Trend ALGO has completed an inverse head and shoulders pattern on the 4-hour chart, suggesting a potential resumption of the bullish short-term trend. The daily chart also shows a strong bullish candle closing above the neckline of the pattern, indicating further growth. The first target and resistance zone is found near 0.1400, but there's potential for the movement to extend to 0.1470 and 0.1540. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
4
ALGOUSDT 1H - TRIANGULAR ZoneALGOUSDT 1H - TRIANGULAR Zone If you like my AT, and you agree with the approaches, please FOLLOW ME and press BOOST so we can share it with more people. We are working on an automated Trading tool so that everyone can apply their strategies VISUALLY and PROFESSIONALLY, as we present in the analysis. Thank you! ____________________________________________________________________ ALGOUSDT 1H - TRIANGULAR Zone ALGORAND is in a price consolidation zone. LEVELS: SL: 0.14 Resistance 0.14 TP: 0.16 In the range 0.11 - 0.16 we can do SWING TRADING as long as it does not lose the SL. At the moment we are close to the BUY ZONE. Above 0.16 we can set other objectives. _____________________________________________________________________ Crypto Trading Automated Bots: All these strategic alternatives can be configured with TradeX BoT, as it will allow you to position in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, for the orders to be executed in one direction or the other, taking the necessary deposits from your portfolio. TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and technical drawing tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders. This tool is in the development process and the BETA will soon be ready for testing. FOLLOW ME and I will keep you informed of the progress we make. I share with you my technical analysis assessments on certain stocks that I follow as part of the strategies I design for my portfolio, but I do not recommend anyone to operate based on these indicators. Get informed, educate yourself and build your own strategies when it comes to investing. I only hope that my comments help you on your own path :)
Long
by DeuXfi
Algorand middle term targetsAlgorand middle term targets BINANCE:ALGOUSDT Possible Targets and explanation idea ➡️We already sweep covid historical march 2020 low ➡️On a W tf we can see money inflow based on my Money Power indicator ➡️Perfect scenario with test of Buy line of my Take Profit indicator ➡️Target will be break out of downtrend line and test with full fill around 0.53$ monthly FVG. 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
Algorand Set To Enter Long-Term Accumulation ZoneIt seemed like Algorand ended its correction but nope, a rejection is present right at EMA34 last week, and this week a move (and soon close) below EMA13, pointing toward another low next. The drop that happened in early August 2024 did activate the October/September 2023 low prices, but the pair still produced a higher low. It seems we will get another drop which will activate the long-term accumulation zone. When prices drop, this will be the last chance to buy cheap and accumulate in anticipation of the 2025 major bull-market. We are expecting new All-Time Highs and major growth in 2025. It will get ugly when the climax of the correction is happening but remember, this is only a temporary event and only has a few weeks, a few months at max, left. Once the correction is over we can focus on green and up, we will never look back again. We will rebuild from the grown up. There will be lots of damage, but we are prepared, we know what to expect; life goes on. Namaste.
Short
by AlanSantana
3