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Algorand / TetherUS PERPETUAL CONTRACT

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ALGOUSDT.P trade ideas

ALGO bullish ideaLooking at the ALGO chart we can see that price has retraced a significant amount of the last pump. Sitting just above a major fib level (786) both on high time frame and low timeframe. Showing possible long ideas if price continues to build bullish price action. Note, need to align with BTC starting a bullish uptrend before having any conviction in any Alts doing likewise. Target for these ideas will be the POC of the overall structure. Profits should be taken in layers (maybe 2-3 before the POC) to mitigate risk of BTC continuing downtrend. Note, manage your risk. Possible for price to drop down to the next support level.
Long
by jod45m
ALGO Completes Bullish Harmonic PatternALGO Completes Bullish Harmonic Pattern ALGO is currently testing a strong support zone that has held steady for about two weeks. From the chart, we can observe that ALGO has repeatedly tested the 0.2600 price zone and successfully bounced back each time. It appears that market participants are determined to prevent the price from falling further. Today, ALGO completed a bullish harmonic pattern, adding more strength to the expected bullish movement from this zone. Key resistance areas are identified near 0.2870, 0.2970, and 0.3060. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
2
Is ALGO Finally Bottoming Out? A Massive Move Could Be Coming!Yello, Paradisers! #ALGOUSDT is flashing major reversal signals, and if the pattern plays out, a big move could be on the horizon. Are the bulls finally ready to step in? Let’s break it down! 💎#ALGO has been stuck in an A-B-C correction pattern, with Wave A kicking off the downtrend, Wave B bringing a retracement, and Wave C completing the correction. But here’s where it gets interesting—ALGO is now showing signs of accumulation, hinting that bulls might be gearing up for the next impulsive wave. 💎To confirm the reversal, ALGO must break the $0.33 resistance. If bulls successfully push past this level, momentum could accelerate, sending price toward the descending resistance at $0.37. This is a pivotal breakout level, and clearing it would give bulls the strength to aim for the $0.46–$0.50 resistance zone—the 61.8% Fibonacci retracement, a historically strong level where major reactions tend to happen. 💎On the downside, ALGO has solid support at $0.265–$0.250, a key demand zone that bulls have defended since November 2024. As long as this support holds, the probability of a strong move higher remains intact. Paradisers, as always, patience and precision are key in this market. This isn’t a time for reckless trades—let the levels guide you, trade strategically, and stay disciplined. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
ALGOUSDT SLIGHT BULISHWe are currently in the correction phase of the market. I don’t see any sharp movements at the moment, but a slight bullish movement could occur, as shown on the chart. Targets are marked, but the danger zone and stop loss levels are more important than the targets. Please pay close attention to them. Note: My ideas are not intended for any type of scalping or scalpers! You can find the full list of my ideas here: www.tradingview.com Here are some of my ideas:
Long
by TheMandalor
1
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! 🚀
Long
by Expate
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! 🔥👇
Short
by BearBullClan
1
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! 📈
Long
by Richtv_official
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.
by jonathanvirayjr