ALGOUSDT.P trade ideas
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! 🌴
Algoalgo is looking buliish because of daily breakout with volume and now its retesting its 4h bullish retest zone aslo formed green candle here.
ALGOUSDT time to fly?ALGOUSDT is currently testing the $0.11 area, which could be a significant price level based on historical price action. Additionally, the price is contained within a Falling Wedge pattern. Falling Wedges are bullish reversal patterns characterized by converging trendlines, with the upper trendline sloping downward more gently than the lower trendline. These patterns often indicate a potential bullish breakout.
Breakout Signal: You've indicated that a breakout above the $0.11 level is considered a trigger for a new long position. A breakout occurs when the price convincingly moves above a key resistance level, suggesting a potential shift in market sentiment from bearish to bullish.
New Long Position: In accordance with your analysis, a "new long" position would involve buying ALGOUSDT with the expectation that its price will rise after the breakout. This aligns with the potential bullish momentum indicated by the Falling Wedge pattern.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
ALGO looking primed for a bounceSupport at .1047 needs to hold but algo is looking to change trends here and make a push up.
ALGO weekly looks bullish but needs momentumALGO weekly needs to perform a short squeez or ALGO dies!Lower Timeframe Brewing for a spiky move.
Thanks for watching
ALGO LONG Its already breakout the downtrend
you can long it here and risk management
I'm not sure to achive all targets
High Risk trade.
Thank you
#ALGO/USDT - Long - Potential 8.32%Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_ALGO
Exchange: BINANCE
Timeframe: 360
TP1: 0.1190
Entry: 0.1096
STOP: 0.1043
Entry conditions:
| Longterm trendline break
| RVD trendline break
ALGOIn the continuation of the downward trend, the probability that the trend will have a fake failure is very high for the reversal of the upward trend, and we can wait for reversal candles for buying at the bottom of the blue drawn horizontal line.
Algo Sell Trade Here is my Study on Algo.
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ALGOusdtThe trend remains bearish, with no indication of a reversal to an uptrend. The failure to retest the .1121 resistance level shows weakness in buyer activity.
ALGO • Algorand • CRYPTO SHORT TF H1 , TP = 0.1067#ALGO • Algorand • CRYPTO
SHORT TF H1 , TP = 0.1067
The trend continues, the nearest support level according to my calculations TP 0.1067
ALGOUSD ❕ descending triangleThe asset is moving in a descending triangle.
The price continues to hold the support level.
I believe that the chart will bounce from the current level.
ALGO : Sky or fallHello.
Very Nice symetrical triangle. All info on chart
Ultimate Target 0.16
Ultimate Down 0.06
Many TP.
Good luck all.
ALGO/USDT looking breakdown! Hey traders 👋
ALGO coin is first that we will be taking a look at during the weekend where we see a nice potential for a breakdown to happen here soon! Why do we think that?
Well first of all let's look at 200EMA which is considered an upper resistance here as well. It has been rejecting many times the market price of ALGO meaning there is not enough volume behind it. This can lead to lower zones to be reached with a nice kickstart from a breakdown near current market price of $0.1111
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Harmonic Crossroads for ALGO Long SetupOKX:ALGOUSDT.P
Actually it is so simple to trade this setup.
We have 3 bullish harmonic which are indicate the same level. It doesn't matter to the point level. When we reach under 0.1 we will be seeking for bullish price action. As soon as we find it we will arrange our risk reward ratio and execute it.
Good Luck Everyone.
May the force be with you.
ALGOUSD: watch for breakoutI am bullish on this. Watch the price and buy if it broke the resistance line
ALGO S&R in short-mid term>>>>I Have Tried My Best to Bring the best Possible outcome in this Chart.
ALGO have a good potential for spot trade for mid term.
Based on moving in static support's zone in long term time frame 0.8-0.10 and by pass from 0.15 can start strong upside trend to next resistance's,
So it look's good to buy 1 step in daily time frame's correction.
All important area's in long - mid - short term marked on the chart.
It's Not a financial advise.
PLZ DYOR
With hopping success>>>
ALGO target 0.16~0.174h time frame
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ALGO approaching history low and creating triangle structure here.
Support from uptrend is good entry to set a long trading plan.
TP: 0.16~0.17
SL: 0.089
#TOBTC #LQR #AlgorandThese important Support level are painted on Chart , Fibonacci Level on 1.618 & " 2 "
you may have you plan when price is there...
Bullish Confirm level needs to be Broken.
ALGOUSDT - Bear FlagALGO is currently forming a bear flag on the daily chart following a sharp price decline, indicating a potential continuation of the downward trend.
The pattern is further supported by the downward trend in volume. Currently, the price is experiencing a brief consolidation phase.
Now let's monitor any breakouts below the lower trendline, and a breakout with a high volume would further confirm the validity of the breakout.
