ALGOUSDT trade ideas
Algorand (ALGO): Sellers Pressuring The Bullish Trend LineSellers are showing a decent dominance currently, which might result in a breakdown of the local trend and send the price back to the $0.25 area! But there is also another possible movement we might see, which will be valid only after buyers secure EMAs.
More in-depth info is in the video—enjoy!
Swallow Team
Algorand (ALGO): Coin is Trading In Bullish Channel!Algorand seems to be in a bullish channel here where we might go for a re-test of the upper resistance zone (in midterm). Before that, we are looking for a downward movement in the local support trend!
More in-depth info is in the video—enjoy!
Swallow Team
Algorand middle term targetsAlgorand middle term targets BINANCE:ALGOUSDT
Possible Targets and explanation idea
➡️We already sweep covid historical march 2020 low
➡️On a W tf we can see money inflow based on my Money Power indicator
➡️Perfect scenario with test of Buy line of my Take Profit indicator
➡️Target will be break out of downtrend line and test with full fill around 0.53$ monthly FVG.
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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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Algorand (ALGO/USDT) Weekly Analysis / Feb 2024Hmm, looks like ALGO, like most cryptos, is currently at a key decision point. Currently, we are sitting below the 0.382 Fib level, which acted as support some time ago. If bulls defend this zone, we should see another rocket toward the 0.5 and 0.618 Fib levels at 0.53 and 0.82, respectively.
🔹 EMA Structure – ALGO is testing the EMAs, and a bullish cross formation is approaching, which could be a strong bullish signal if confirmed.
🔹 Fib Levels – If we hold this zone and start moving up, the next key resistance lies around 0.53 (0.5 Fib), followed by 0.82 (0.618 Fib). A breakout above 1.55 (0.786 Fib) could trigger a full retracement towards 2.25 (0.886 Fib) and even push us toward new highs, similar to what we've seen with big bro BTC.
🔹 Stoch RSI – Approaching oversold levels, signaling that a reversal could be coming soon if momentum shifts back up.
If we see a bounce from here, we could be looking at a strong rally in the coming months. However, if the 0.343 support fails, we might see a deeper correction before any upside move.
Let’s see how it works out! 🚀
ALGO/USDT: Bearish Setup Incoming🔥 The Bears Are Tightening Their Grip! 🔥
The retracement bounce was a trap, and Fibonacci levels are now acting as solid walls of resistance! 📉 Price tried to reclaim lost ground but got smacked down hard, reinforcing the short bias. The rejection at key levels signals that the sellers are in control—is the next leg down about to begin? 🚨
👀 Will the bears take over, or will the bulls break free? Let’s dive into the setup! 📉👇
🔻 Entry:
Break & retest of 0.2809(Conservative).
Aggressive entry at current levels if volume increases.
🚨 Stop-Loss (SL):
Above 0.2850 - 0.2880, avoiding short squeezes.
🎯 Take-Profit (TP) Targets:
TP1: 0.2496 (Major support level).
TP2: 0.2438 (Stronger demand zone).
📊 Risk-Reward Ratio (RRR):
Aiming for 2:1 or 3:1 RRR for an optimal trade.
🔍 Final Thoughts:
✅ Rising wedge is breaking down – a classic bearish signal.
✅ EMA 55 acting as resistance strengthens the short case.
✅ MACD & RSI show declining momentum, but confirmation is needed.
🚨 Invalidation: If price reclaims 0.2880+, the short setup is invalid.
⚡ Momentum traders—are you shorting this? Let’s discuss! 🔥👇
ALGO Long Spot OpportunityMarket Context:
ALGO has reached a key support level, offering a strong risk-to-reward opportunity for a long spot position. Given current price action, this level could act as a launchpad for a move higher.
Trade Details:
Entry Zone: $0.32 - $0.35 (support area)
Take Profit Targets:
$0.48 - $0.53
$0.70 - $0.80
Stop Loss: Just below $0.30
This trade aligns with ALGO’s structure, aiming for a rebound from support into key resistance levels. Stay disciplined with risk management! 📈
ALGOUSDT BEARISHI analyzed ALGOUSDT a few days ago as well, and it was bullish at that time. However, after a significant decline, I believe it may fall again, but probably not sharply.
Note: My ideas are not intended for any type of scalping or scalpers!
Here are some of my ideas (not selected!) :
Full list of my ideas are here:
www.tradingview.com
ALGORAND 1 day CHARTING also gives an indicator sideways Analyzing the 1-day chart, we observe a potential Head and Shoulders pattern emerging, indicating a possible upper momentum reversal. However, an alternative scenario suggests a Head and Shoulders pattern on a downtrend reversal, contingent upon a failure to breach the critical resistance level at 44.65.
Key points to watch:
Resistance level: 44.65
Pattern validity: contingent on breakout or rejection
A breakout above 44.65 could validate the upper momentum reversal, while a rejection may confirm the downtrend reversal scenario.
ALGORAND 45 MIN CHART could see potential break or downAnalyzing the 45-minute chart, we observe a potential Head and Shoulders pattern emerging, indicating a possible upper momentum reversal. However, an alternative scenario suggests a Head and Shoulders pattern on a downtrend reversal, contingent upon a failure to breach the critical resistance level at 44.65.
Key points to watch:
Resistance level: 44.65
Pattern validity: contingent on breakout or rejection
A breakout above 44.65 could validate the upper momentum reversal, while a rejection may confirm the downtrend reversal scenario."
ALGOUSDT - bullish pennanthi traders,
Recently we shared this idea where we expect the price of ALGO to rise:
There's not much changed but the price has been forming the bullish pennant.
Anyway, all the ways lead to 0,70$
Patience required. However, in March or April, ALGO should be traded around 0,70$.
GOOD luck
#ALGO/USDT #ALGO
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.3500
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.3533
First target 0.4080
Second target 0.4381
Third target 0.4753
#ALGO/USDT Ready to go higher#ALGO
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.4064
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.4313
First target 0.4475
Second target 0.4593
Third target 0.4960
