ALGO/USDT Break Alert! Bullish Sign in the short-term Movement 💎ALGO has experienced a bounce within the demand area and has broken through the descending channel of the pattern. This breakout is validated on an hourly timeframe. However, for a more precise breakout confirmation, it is prudent to await the closure of the daily candle. A closure above the pattern signifies a valid breakout, potentially leading to significant movements for ALGO.
💎 In the broader perspective of weekly or monthly timeframes, ALGO is already in an oversold condition. This strongly suggests the commencement of accumulation and the likelihood of an upward movement to test the bearish OB area.
💎 Before any significant upward movement, ALGO needs to breach the resistance area. Once this area is successfully broken through, ALGO can effortlessly reach target profits 1 and 2.
💎 However, this analysis would be invalidated if ALGO breaks the key support area and the daily candle closes below it.
ALGOUSDT
ALGO /USDT bullish scenario? 👀 🚀 Algo today analysisParadisers! Buckle up for an exciting opportunity with ALGOUSDT. Currently, it's in a demand zone and looks set to make a bullish move👀
💎Right now, ALGO holding a crucial support level and moving within a specific range. It has faced some resistance from a bearish order block within this range.
💎 Momentum is picking up, and it's likely that the price Algorand of will break through the order block and aim for higher levels. However, if selling pressure kicks in and the price breaks below the support level, it could be a prime shorting opportunity.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey.
ALGO 60% pump incoming 🆓🚦📌 #dyor
💰 Position size :: 1%
💱 Leverage :: cross ➖ 2-5x
🪙 EURONEXT:ALGO -USDT 📌
#futuretrade :: ↗️ ......🌴
#BUY :: $0.105 - $0.112 ( split % 💰 )
🎯
:: $0.1222
:: $0.1387
::$0.1874
Stop 🛑 lose #SL :: $0.1 🚏
👆 ( complete day below )
📌 always move stop lose #sl
when target get reached 📌
#risk :: High 🔥#scalping
#explanation 👉
Max showing bearish 📍 but 🫠
Day chart 📈 looking bullish so risky 📐
ALGO/USDT Ready to Upward Movement?? Algorand Today Analysis Ladies and Gentlemen of ParadiseClub, gear up for the forthcoming gems!
💎ALGO has broken its prior pattern and is now retesting the resistance trendline.
💎We're keenly observing its approach to the demand zone. Should ALGO exhibit a bounce or face rejection within this area, we can anticipate a bullish trajectory,
💎 targeting the next supply point at 0.1265 and a formidable resistance at 0.1387.
💎However, be cautious: if ALGO closes below 0.1046 on a daily scale, our bullish outlook would be invalidated. Stay alert and trade safe! 🌴
ALGOUSDT - and a constant fallHello everyone Today we will look at one of the few coins that stands out from the crowd with its constant fall - ALGOUSDT. No matter what happens, the price always jumps steadily down the stairs. Therefore, this is an idea for those who are looking for shorts. In my understanding, the coin is in a descending channel, and you can try to take a short from the upper limit with a target of 0.0935.
Algorand ALGO price is far behind the cryptomarket. When growth?We are often asked to publish an idea for ALGOUSDT, you asked - we did.
We look at the chart and see that the ALGO price is still in a downward trend.
The only good news is that as of right now, ALGOUSD hasn't updated its lows in a month.
Now the ALGOUSDT price has moved into consolidation, so we can hope that the stage of accumulating long positions has begun, and this stage can last for many weeks.
As of now, we would definitely not risk buying ALGO with our own funds, as we do not see the strength of buyers and the "desire" for prices to rise.
The first ray of hope for ALGO holders may be a breakout of the trend line and a price fix above $0.15. In this case, there will be a chance for continued growth to $0.20 and $0.26
In the long term, we would like to see the ALGOUSDT price reach a strong mirror zone of $0.70-0.80, but we do not know when this will happen and what should provoke such a price increase.
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ALGO LOOKS BULLISH (1D)Hi, 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
Algorand (ALGO) formed bullish Shark for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO).
Our last successful trade of ALGO was as below:
Now on a 4-hr time frame with Bitcoin pair, ALGO has formed a bullish Shark move, at the moment after the completion of final leg the priceline is slightly moved up, therefore, we can wait for some correction.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.