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ALGOUSDT trade ideas

ALGO/USDT Long Term ProjectionLong term projection ALGO/USDT The price action is starting to break above the Simplified Ichimoku Cloud, indicating a potential bullish reversal... The RSI is showing an upward trend crossing above the 50 level, suggesting increasing bullish momentum. Bullish target levels are marked based on Fibonacci retracement levels from the peak of the last Bullish wave to the bottom of the correction. Happy Trading. T Much more projections and breakdowns everyday, Please follow and comment.
Long
by Tyler-Turczak015
ALGO/USDT Bullish / Bearish targets. Possible playsRSI is below 40, indicating bearish momentum. However, it is not yet in the oversold territory, suggesting there could be more room for downward movement or consolidation before a potential reversal, MACD line is below the signal line and below zero, which confirms the current bearish sentiment. The On-Balance Volume is relatively flat with a slight downward trend, suggesting a lack of strong buying pressure. Considering the current position below the Ichimoku Kinko Hyo, combined with the bearish signals from RSI and MACD, the immediate outlook appears bearish. However, as the price is approaching a significant Fibonacci extension level, be on the lookout for potential reversal signs. This could include bullish divergences on RSI, a MACD line crossover above the signal line, or a price breakout above the Cloud.
by Tyler-Turczak015
130% GAIN OPPORTUNITY on Inverted H&S in weekly timeframeALGO Algorand is a fast, secure, and decentralized blockchain network based on a pure proof-of-stake protocol. It’s known for its speed, scalability, and energy efficiency. Algorand is also carbon-negative and plans to introduce dynamic round times, incentivized consensus, a peer-to-peer gossip network, and native Python support in 2024. It’s a promising platform for decentralized applications. Inverted H&S on weekly BINANCE:ALGOUSDT is forming. Wait for a breakout on 0.28 level and in case of throwback, then go for a long with a 1st TP around 0.42- 0-44 2nd TP around 0.64 to gain 130% stay tuned and do always your own research ---------------------- Not financial advise ;-) and Thanks for comments!
by nautyblu
ALGOUSDT: Falling Wedge - Getting Ready for breakoutFalling wedge is bullish pattern (reversal pattern) formed by two converging bearish lines. As you can see in the chart, BINANCE:ALGOUSDT has formed a clear falling wedge patter. If the breakout is confirmed, we can enter the trade around 0.173 After the breakout we can expect a minor correct, however breakout entry should be good and position can be average to get better entry price if the correction happens. EntryPrice: 0.1734 (after breakout) - 0.165 (for averaging the entry) Stoploss: 0.1490 TP1: 0.1894 TP2: 0.2040 TP3: 0.2253 TP4: 0.2531 Don't forget to keep stoploss. Like and follow us for more interesting ideas. Cheers GreenCrypto
Long
by GreenCryptoTrades
ALGO: Pullback in UptrendTrade setup : Price remains in an Uptrend. Following a failed break above $0.30 resistance, price is approaching $0.25 support area, which could be an attractive swing entry in Uptrend, with +20% upside potential $0.30 near-term. Stop Loss (SL) level at $0.22. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing. Support and Resistance : Nearest Support Zone is $0.25, then $0.20. The nearest Resistance Zone is $0.30, then $0.36 and $0.41.
Long
by altFINS
ALGO: Pullback in UptrendTrade setup : Price remains in an Uptrend. Following a failed break above $0.30 resistance, price is approaching $0.20 support area, which could be an attractive swing entry in Uptrend, with +25% upside potential to $0.25 near-term and +50% to $0.30 mid-term. Stop Loss (SL) level at $0.18. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.25, which it broke, then $0.20. The nearest Resistance Zone is $0.30, then $0.36 and $0.41.
Long
by altFINS
"🚀 ALGOUSDT: Inverse Head & Shoulders Breakout Imminent! 🚀ALGO appears to be gearing up for a major move as it completes the Inverse Head & Shoulders pattern on the 1 week chart. 📈 The absence of bearish divergence and any downtrend signals, combined with the current consolidation around the neckline, sets the stage for a potentially bullish breakout. 🔍 Key Levels to Watch: Neckline Breakout: Look for a decisive move above the neckline. Retest Confirmation: A successful retest post-breakout will strengthen the bullish case. 📊 Trade Strategy: Considering the technical setup, we anticipate a robust bullish trend once the neckline resistance is breached. Traders may want to position themselves for a potential long ride, pending confirmation. 🚨 Risk Management: As with any trade, it's essential to implement proper risk management. Set stop-loss levels to mitigate potential downsides. 📈 Targets: Keep an eye on key resistance levels for potential take-profit zones. 👉 Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research before making trading decisions. 👀 **Stay tuned for real-time updates! Like and follow for more insights. Let's navigate these markets together! 🌐 #ALGO #Crypto #TradingView #TechnicalAnalysis #ALGO
Long
by mudusir