ALGO, the coin that really strikes my interest. major bullishi have been following the market for some while, ALGO seems like an interesting buy. Will touch a dollar around january-april 2025
ALGOUSDT trade ideas
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.
Algorand (ALGO)ALGO has made a harmonic pattern and looks like it is finished. Just have to wait for the price to break the downtrend line.
ALGO/USDT Update: Bullish Reversal from Fibonacci Support
#ALGO/USDT is showing signs of a potential bullish reversal after testing a strong Fibonacci support zone. The price has rebounded from the 0.786 Fibonacci level, which could indicate the beginning of a new upward trend.
Entry Zone: Current price around 0.1558 entry, as long as the price holds above the Fibonacci support.
Targets:
Target 1 : 0.236
Target 2 : 0.265
Target 2 : 0.298
Stop Loss : Below 0.1393
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!!
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.
ALGOUSDTALGO ~ 1W
#ALGO If you still have Conviction on this coin,. This support block would be a very good buying place for now,. with a minimum target of 20%++
$algo- erase the sorrow in 1 engulfing opened up a decent position here no stop for now
keep it running till 48c then reasses
likeky goes crazy once we do so best risk reward and time is NO imo
rsi curled up H4 200 reclaim pending..
carpe d
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.
ALGORAND ROCKET SHIP!!I believe Algorand has bottomed in the way of a bullish shark or cypher pattern. I've outlined entry and exit points. I have accumulated a crap ton of Algo. I just wanted to let you all know. Now you do what you want with this info. Good luck
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.
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!
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ALGOUSDT 1H - TRIANGULAR ZoneALGOUSDT 1H - TRIANGULAR Zone
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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.
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Trade Idea - Long - Do not miss it !!!!It is on Key level. 8.65 RR. Big Risk to reward ratio.
TP already mentioned. Book your profit accordingly. If TP 1 hit, move your SL to breakeven.
Stop loss is small.
Do not miss.
Best of luck. Thanks.
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.
Algorand (ALGO): CME Gap Has Not Been Filled / Possible 15% MoveAlgorand seems good to short soon where the 2nd moving average has shown us a second attempt at a switch in trend and an unfilled CME gap is just sitting there on lower zones waiting to be filled!
Possible good setup might come from here so eyes wide open here!
Swallow Team
ALGOUSDT : The prospect of increasing?As you can see, ALGO has created an ascending head and shoulders and is also located in the Falling wedge , which means that if it breaks, we expect the price to reach the target (AB=CD).
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
ALGOUSDTALGOUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
Target 0.165Following weekly chart and got a long signal ( actually yesterday) from my screener.
TP1 0.154
TP2 0.165
SL Not a super ratio but close under 0.123 weekly close.
ALGO Long Spot Position (Descending Resistance Breakout)Market Context: ALGO has recently broken through the descending resistance line from May and is now at support, presenting a long trade opportunity.
Trade Setup:
Entry: Ladder into a long position in the $0.13 - $0.1380 support area.
Take Profit:
First target: $0.16 - $0.17
Second target: $0.20 - $0.2170
Stop Loss: Just below $0.123
⚡ This setup aims to capitalize on the breakout and current support level.
#ALGO #Crypto
#ALGO/USDT#ALGO
The price is moving in a descending channel on the 1-hour frame and is sticking to it to a large extent and is expected to break it upwards
We have a bounce that was booked from the lower limit of the channel at a price of 0.1200
We have a downtrend on the RSI indicator which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.1210
First target 0.1250
Second target 0.1300
Third target 0.1344
