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Algorand / TetherUS

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ALGOUSDT trade ideas

ALGO Loading up for a move! Here's a quick look at ALGO 30 min chart. As we can see, the price has been forming a symmetrical triangle and we will see a breakout soon! Keep an eye on this setup! The best entry would be when the price breaks above 0.302$ with a good amount of volume. ------------------------------------------- The idea is: Buy when the price breaks above 0.302$ and take profits at the levels shown in the chart. Targets: 1. 0.306$ 2. 0.31$ 3. 0.327$ ------------------------------------------- What are triangles when it comes to trading? Key points: "1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2. Triangles are similar to wedges and pennants and can be either a continuation pattern if validated or a powerful reversal pattern, in the event of failure. 3. three potential triangle variations can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles." ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Long
by MBM_Crypto
6
ALGO's remarkable growth!ALGO has registered a growth of 11% in the last 24 hours. The price of this currency, which is in a range trend in the daily time frame, broke (fake) its support level in the range of 0.26 to 0.28 dollars. The support of buyers has led to the return of high prices in this area. Therefore, we expect a good reaction in case of a pullback to this area. The overall trend momentum is still bearish, and there is selling pressure in the market. The price trend of this currency is upward in the 1-hour time frame, but considering the range of the trend in the 4-hour time frame and the resistance in the range of 0.32 to 0.33 dollars, we expect a negative reaction to this range. For the next week, if this currency returns above the range of $0.36, it is likely that we can see an upward trend in the 4-hour time frame.
by MonoCoinSignal
1
ALGO Long Term Expectation (19.11.22)The threat of global economic crisis and recession is no longer a possibility, but a reality. Therefore, in a few months, decreases will continue in coins, especially ALGO. There is still the possibility of a dead cat bounce in the short term and then it is highly possible to pull back to 0.17$ support and get a reaction. It is best to wait for the 0.11$ region for the actual purchase. What I write here serves as a note to myself. Does not include investment advice.
by BarbarKalyon
3
LONG ALGOUSDTSome coins have reached the rock bottom. Rock bottom does not guarantee or is a symptom of reversal to the upside. it's important to note that reversal happens when price has got to an institutional key level or say protected levels. This is the level the market makers and investors would not like to see price trade below. They would however rather introduce new money into the project or pair at that level just to push price back up. ALGOUSDT is such a pair that has got to the institutional level and has given a healthy signal for reversal. This means that we would be looking for the BUYs.
Long
by cryptodna_uk