ALGO: Channel Down PatternTrade setup : Trends are mixed to down. Following a failed breakout, price is back to trading within a Channel Down pattern. We wait for a breakout from the pattern and back above that 200-day MA to signal trend reversal to Uptrend again.
Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish). MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance : Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.20, then $0.25 and $0.30.
ALGOUSDT trade ideas
Long term analysis of ALGO currency# ALGO time 1W currency analysis
In the weekly time, the price has reacted well to the most important level of its demand, and we can expect a good long-term growth in the price area of $0.14, and there is a possibility that the price will reach the specified goals.
Algo/usdt analysis by ict price action Hi dear traders. Following breakout pattern of algo/usdt and reaction (retest )to daily order block on price of 0.17 $ we have a 178% profit on algo .
Because:
This is best point to entry after expansion (from 0.099 to 0.329)and 50% rateracement (=0.17$) and reaction to the daily +OB and move up fast .
Good luck dears. Always be profitable 📈 ❤️
Dollars 💸 💵 💲 💰 💱 💸 💵 💲 .
ALGO: buy in low level📊Analysis by AhmadArz:
🔍Entry: 0.1784
🛑Stop Loss: 0.1557
🎯Take Profit: 0.2107 -0.2441 -0.2856
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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#ALGO/USDT#ALGO
The price moves in an inverted head and shoulders pattern
The right shoulder is now complete
Wall is expected for the upper border of the shoulder
We have a higher stability moving average of 100
We have bullish momentum on the RSI and an uptrend
We have a current breakout of the channel to the upside
Entry price is 0.2500
The first target is 0.3000
The second target is 0.3500
The third goal is 0.4000
Algorand Price Analysis. Setup for LongLet's take a look in details globally and locally for BINANCE:ALGOUSDT.P
Why do i think the chart now looks more bullish than bearish! Potential targets for long and continuation!
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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ALGOUSDT.1DOn the daily chart for Algorand (ALGO/USDT), ALGO appears to be in a downtrend, as highlighted by the descending trendline. The price has recently faced rejection at this trendline and is currently trading at $0.1994. There is a crucial support level (S1) at $0.1319, which could be an area of interest for buyers.
Resistance levels are established at $0.2846 (R2) and $0.3373 (R3), with R1 being the descending trendline itself. The RSI is below the midpoint at 46.63, suggesting mild bearish momentum without being in oversold territory. The MACD is below zero and the signal line, indicating bearish momentum is present.
Traders might look for potential shorting opportunities at the trendline rejections, with targets set near S1. A break below S1 could indicate a continuation of the bearish trend. Conversely, a break above the trendline could signal a change in trend and potential buying opportunities, with resistance levels as targets. It's important to monitor for a potential reversal pattern or bullish indicators before considering a long position.
ALGOUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity.
Everything on the chart. (update)
Got complicated in wave of (ii), but in midterm nothing has changed from my last idea.
Entry: (im in pos from 0.184)
Targets: 0.34 - 0.46 - ~0.7
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
It's not financial advice.
DYOR!
ALGO: Channel Down PatternTrade setup : Trends are mixed. Bullish breakout (with huge volumes) from a Channel Down pattern signals resumption of uptrend, with upside potential to $0.25 near-term and if broken, even $0.30.
Pattern : Price was trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $0.15, then $0.12. The nearest Resistance Zone is $0.20, which it broke, then $0.25 and $0.30.
ALGO Breakout was plannedTell me who gave you the EURONEXT:ALGO thing 3 days ago?
Who is giving you these pump alerts before with chart proof?
Only AqeelOnline!! Check every trader here and tell me if anyone else is predicting the right things again n again everyday, and if there is any? Do comment me I would love to follow him/her
You are simply not an ordinary place My Friend. Just Follow! Earn some money and Remember me in your prayers if you can remember me that time. That's just I want back from you.
Happy Earnings❤
algo getting ready for another 60 to 70% bullish wave seems like algo getting ready for another bullish wave
trend is already up and now breaking bullish flag too expecting successful breakout and incase of successful breakout expecting 70 to 75% bullish wave in coming days keep eyes on algo for successful breakout
ALGO USDT - Recovering after CrashALGO is recovering from crash and looking for push it upward.
Can see major resistance in the upward direction and it has also broken the trend line and can expect another LL. ALgo is in search of LH and it could move upward till 0.20 to 0.21 range.
If it breaks the structure than we can see the upward rally but I am expecting another LL.
🚀💰 ALGOUSDT: 1 to 10 Trade Opportunity!Traders, get ready for a potential game-changer with ALGOUSDT! 🚀💰
🔍 Strong Support Zone:
We're eyeing a robust support zone where buyers are showing a strong reaction. It's highly probable that they'll step in again. Remember the last time? It sparked some impressive movement!
💡 Trade Strategy:
With the potential for a 1 to 10 trade, this setup could be a golden opportunity for profit! Keep a close watch on this support zone and be ready to seize the moment when the buyers make their move.
💬 Share Your Thoughts:
What's your take on this potential trade setup? Share your insights and let's discuss the possibilities together! Your input could be the key to unlocking this exciting opportunity!
💰 Unlock the Prize:
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ALGO: Descending Triangle PatternTrade setup : Price remains in an Uptrend. After making another Higher High (~$33), which is a sign of Uptrend, price is consolidating in Descending Triangle pattern. The pattern is coming to a pinnacle, which means price is about to breakout. We wait for a breakout that would signal the end of consolidation and a resumption of uptrend. Bullish breakout could see the price revisit $0.30 for +20% upside, while a bearish breakout below $0.23 support could see further downside to $0.18.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.20, then $0.15. The nearest Resistance Zone is $0.25, then $0.30.
