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Algorandusdt

ALGO / USDT technical analysis and price prediction (Binance)Hello,  Today I will take a look at the ALGO / USDT pair on Binance in 4h timeframe. Algorand (ALGO) is today trading at $0.21, and we can see that it is in a downtrend (bearish momentum). According to historic price levels, the expected demand zone is at approximately $0.20. The supply zone is sitting around the price of $0.25. I can see that we are inside a descending trading channel and that we are moving in the direction of a historically very strong demand zone around $0.20. If we hit the price of $0.20, then this is an excellent, almost perfect position for opening a BUY/LONG position (still be careful because of the market conditions, we are still in a bear market). If you will enter trade at the price of $0.20, then you can expect the next targets to be for the short term at $0.25 and later at $0.30. In the case of the Cup and Handle trading pattern, I recommend entering at $0.25 after confirmation, otherwise not. I am expecting a bullish movement for ALGO at the price of $0.20, but just for the short term. Don't forget that we are still in a bear market and there are no signs of a major reversal of the trend. Trend is your friend :) If we break the expected demand zone, we can expect the price to continue falling, and the lowest level for ALGO is around $0.14 from March 2020, but I don't believe this scenario will occur. Have a fantastic day and make the most of it. Greetings, BF
Long
by elfabiiani
2
ALGO/USDT - LONG 12H TF----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ #ALGO/USDT ⚡️⚡️ Client: My-Binance Futures Trade Type: Breakout (Long) Leverage: Cross (2X) Entry Targets: 1) 0.4550 - 100.0% Take-Profit Targets: 1) 0.4843 - 20.0% 2) 0.5297 - 20.0% 3) 0.6062 - 20.0% 4) 0.6742 - 20.0% 5) 0.7319 - 20.0% Trailing Configuration: Entry: Percentage (0.0%) Take-Profit: Percentage (0.0%) Stop: Breakeven - Trigger: Percent (10.0%)
Long
by Mahdicryptodotma-pro
💰ALGORAND analysis in One-hour time🔥🔰You can see Algorand's cryptocurrency analysis in a one-hour time frame (ALGOUSDT_ 1H)🔍💣 💥The price behavior is clear in the picture🧐 If the price can reach the DEMAND zone, it can experience an upward trend up to the Downward trend line🖤, and if it can break the Downward trend line🖤 upwards and stabilize❗ above it, it can have an upward trend up to the SUPPLY zone 🚀🔺 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 __________📈TRADER STREET📉___________
Long
by TRADER_STREET
Algorand (ALGO) Buy ZoneAlgorand (ALGO) Buy Zone -------------------- BIAS Mid-Term : Neutral Risk : Medium We’ve seen high volume spike on this beast over the last 2 weeks, with closes below support and spikes of buying volume. -------------------- $ALGO/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 0.39 - 0.38 TP 1 : 0.398 TP 2 : 0.408 TP 3 : 0.418 TP 4 : 0.43 TP 5 : 0.443 TP 6 : 0.455 TP 7 : 0.473 TP 8 : 0.495 Stop Loss : 0.3665 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene