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Algo

ALGO/USDT bullish reversal from support ? 👀🚀ALGO analysis💎 Paradisers, let’s delve into the intriguing movement of #ALGOUSDT. Currently, it’s retracing and meticulously retesting a critical support level at $0.2162. This level holds immense importance, and its ability to transition from a retest to a firm support could be a bullish signal. 💎 After successfully breaking out of a descending channel, the price of #ALGO is now confidently approaching the key support level at $0.2162. If the price sustains its momentum at this level, we can anticipate a bullish reversal. With sustained upward momentum, the target lies above the formidable resistance at $0.3277. 💎 However, should the price of EURONEXT:ALGO dip below this pivotal zone, it’s crucial to adapt our strategy. We foresee a bullish rebound from the secondary support level at $0.1939. Failing to regain ground here could potentially lead to further declines. Stay vigilant and agile as we navigate these market fluctuations! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
ALGO: Pullback in UptrendTrade setup : Price remains in an Uptrend. We would be buyers on pullbacks near $0.25 support area, which is also near its up trendline, and could be an attractive swing entry in Uptrend, with +20% upside potential $0.30 near-term. Stop Loss (SL) level at $0.215. Trend : Downtrend on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). 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
1
Cage Cycle Values for AgldusdtCage Cycle Values: If the price is above 1.6542 (Buy Point), the price target is 1.8342, and if it is below 1.6470 (Sell Point), the price target is 1.4670. You can find the details of the Cage Cycle strategy attached. (MAKE SURE TO FOLLOW THE NEW TAKE PROFIT POINTS PUBLISHED AS TAKE PROFIT POINTS ARE INCREASED ACCORDING TO THE TRADING CYCLE) Long Position: Entry: 1.6542 Profit: 1.8342 (Will be updated if necessary in the positive direction) Stop: 1.6470 Short Position: Entry: 1.6470 Profit: 1.4670 (Will be updated if necessary in the positive direction) Stop: 1.6542 The Cage Cycle Strategy is a model that emerges from analyzing approximately 2 over 20 data points (1,000,000 and above tick data). The price definitely reaches one of the specified Take Profit Points as a price target. It is not possible to determine the direction with a hundred percent certainty in financial markets. Therefore, success rates are attempted to be increased by using certain models. The Cage Cycles end when the price reaches the price target in any direction in the Cage Cycle Strategy. Although it is not an investment advice, an example of use is as follows: A Long position is opened at the price level of 1.6542, the Stop Loss is 1.4670, and the Take Profit is 1.8342. When the price reaches 1.4670, instead of the Long position that was stopped, a Short Position is opened, with the Stop Loss of the Short Position being 1.6542 and the Take Profit being 1.4670. Transactions are monitored by stopping until the market direction is determined. Considering the number of stopped transactions and the expected time, Take Profit points are updated to increase profits (Updated Take Profit Points will never be lower than the initially specified Take Profit points). By recalculating the Take Profit points to increase profits, the aim is to compensate for the losses of the stopped transactions when the Cage Cycle ends. In the data analysis of the last 10 years, the average number of stops is 12, and the highest number of stops is calculated as 83 (These figures may vary in the future). Although it is not an investment advice, in the Cage Cycle, if the amount to be stopped is set at $1, by increasing the position by half of the initial lot amount for every 10 stops (0.5 $ for every 10 stops), a higher profit can be targeted along with the increased Take Profit point. Using the Cage Cycle data provided above as an example for Peopleusdt, after 15 stops, when the cycle ends, the profit-loss calculation (Initial Stop Amount to be stopped is $1): For the first 10 stops, the loss will be 10$*1=10$, and between 10 and 15 stops, the loss will be 5*1.5$= 7.5$, resulting in a total loss of 17.5$. The profit to be obtained with the updated Take Profit points will be 1.5*27= 40.5$. The net profit, excluding commission, will be 40.5-17.5= 23$. The Cage Cycle helps you determine the Take Profit point in your own trades as well, as it is known that the price will definitely reach one of the Take Profit points. Enjoy and Good luck with your trades. THIS IS NOT AN INVESTMENT ADVICE. Made by Yourcages
by yourcages
1
ALGO: Pullback in UptrendTrade setup : Price remains in an Uptrend. We would be buyers on pullbacks near $0.25 support area, which is also near its up trendline, and 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). 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's wave 5 could gain some significant ground here soon!ALGO has been doing very well the past month or so, and is looking to do even better here shortly. The current wave 5 is generally the most explosive, and largest gaining. Although, the price action looks like it could potentially drop closer to the lower trend line (white line). This line has held very well so far since this uptrend started, and the wave pattern will continue to stand as long as the price action doesn't drop below the wave one high. If the wave 5 plays out properly we could easily see ALGO run into the mid .40's. Good luck, and always use a stop-loss!
BINANCE:ALGOUSDLong
by MetaShackle
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 $0.20 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
Algorand uptrend local targetsBINANCE:ALGOUSDT Lets take a look on D timeframe for Algo Possible Targets and explanation idea ➡️Local fib we perfectly touched -0.18 lvl and would be good to test green block again ➡️Like usual we got many variations of price movements but I marked 2 ➡️Both of this price movement for continuation Up. ➡️Green - retest 27 block and continuation in spring ➡️Red - retest buy line "take profit" indicator on D and Up Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
Algorand once lived, but is now DEAD. Trash gets burned because ... why would bury trash and give it a tombstone? There is nothing worthy to put on the tombstone of trash shitcoin that died! Algorand is an extremely weak coin. It was over $2 in 2021 and is barely above $0.20 right now, while most other CHAD ALPHA COINS, such as Solana and Cardano, have multiple X'd from their bear market lows. Algorand has no development or community. It had a $13 billion market cap in 2021, higher than Filecoin, but today is WAAAAAY behind COINBASE:FILUSD #FILECOIN TSX:FIL #FIL in market cap (2.5x times lower). Why would anyone trade or hold this? Algorand is going to $0.01!!
KRAKEN:ALGOUSDShort
by couldntcomeupwithone
17
ALGO: Pullback in UptrendTrade setup : Following a bullish breakout from a Falling Wedge pattern, price resumed its Uptrend. It briefly broke above $0.30 resistance but failed stay above it as traders took profits. Pullback near $0.25 support area could be an attractive swing entry in Uptrend, with +20% upside potential to $0.30 near-term and +40% to $0.36 mid-term. Stop Loss (SL) level at $0.225. 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). Support and Resistance : Nearest Support Zone is $0.25 (previous resistance), then $0.20. The nearest Resistance Zone is $0.30, then $0.36 and $0.41.
Long
by altFINS
1
Alikze »» ALGO | Pull back to the trigger lineIn the weekly and daily times, after going through a complex correction cycle, it finally entered a motivational wave in the range of 0.082 with a floor, which is currently breaking the dynamic pullback to the structure, which is a retest to the supply area. has also had Therefore, with floor construction in the area, it will have the ability to grow to the next supply area of 0.39, and after its failure, the path to the next supply area will be smooth. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze
ALGO/USDT gearing up for potential upward?👀💎 Paradisers, gear up as #ALGOUSDT is currently displaying a promising setup, situated within a support zone, poised for a bullish climb. 💎 #Algorand is paying homage to the support level at $0.1837. There's a strong chance it might revisit the support at $0.1837. If the price can maintain its momentum at this level, we're looking at a bullish progression to breach a significant resistance level. 💎 Nonetheless, as savvy traders, we must be prepared for various scenarios. In the event our bullish anticipation does not come to fruition, a bullish resurgence from the support level at $0.1709 is within our contingency plans, with a descent below this threshold possibly signaling a substantial downward movement.
Long
by MyCryptoParadise_Simon
ALGO - LONG TERM - Algorand is a decentralized blockchain platform designed to provide a secure, scalable, and decentralized infrastructure for the development and deployment of decentralized applications (dApps) and financial protocols. Founded by Silvio Micali, a Turing Award-winning computer scientist, Algorand aims to address some of the key challenges facing existing blockchain networks, such as scalability, decentralization, and security. One of the key innovations of Algorand is its consensus mechanism, known as Pure Proof-of-Stake (PPoS). In the Algorand network, block proposers and validators are chosen randomly based on the amount of Algos (the native cryptocurrency of the Algorand network) they hold and are willing to stake. This ensures decentralization and security while maintaining high throughput and low transaction fees. Algorand's PPoS consensus mechanism enables the network to achieve fast transaction finality, typically in under five seconds, making it suitable for a wide range of applications, including financial transactions, supply chain management, and decentralized finance (DeFi) applications. Another key feature of Algorand is its Layer-1 smart contracts, which allow developers to build complex dApps directly on the blockchain without relying on external protocols or layers. This simplifies the development process and reduces the potential for security vulnerabilities. Algorand also supports atomic transfers, which allow multiple transactions to be executed simultaneously or none at all, ensuring the integrity of transactions and reducing the risk of fraud or manipulation. The Algorand ecosystem is supported by a vibrant community of developers, researchers, and enthusiasts who contribute to the platform's growth and adoption. The Algorand Foundation, a non-profit organization, oversees the development and governance of the Algorand network, while Algorand Inc., a technology company, provides technical support and services to enterprises and developers building on the platform. Overall, Algorand aims to provide a scalable, secure, and decentralized blockchain platform that can support a wide range of applications and use cases, from financial services to decentralized governance and beyond. With its innovative consensus mechanism and Layer-1 smart contracts, Algorand is well-positioned to play a significant role in the future of decentralized technologies.
COINBASE:ALGOUSD
by clasaicrypto
ALGO: Resistance BreakoutTrade setup : Following a bullish breakout from a Falling Wedge pattern, price resumed its Uptrend. Now it broke above $0.30 to signal continuation of that uptrend, with +20% upside potential to $0.36 near-term and +33% to $0.41 mid-term. Stop Loss (SL) level at $0.265. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $0.25 (previous resistance), then $0.20. The nearest Resistance Zone is $0.30, which it broke, then $0.36 and $0.41.
Long
by altFINS
ALGO/USDT facing resistance in the supply area. Breakout ??💎 ALGO has recently encountered significant market dynamics. Currently, it is facing resistance in the supply area. 💎 If ALGO manages to successfully break out above this supply area, confirmed by a daily candle close, there is potential for continued upward movement, possibly reaching our target area. 💎 However, if ALGO fails to break out above the supply area, there is a risk of price rejection, leading to a gradual downward movement towards the support area to seek new momentum. 💎 The support area holds crucial significance for ALGO. The price needs to bounce from this level to attempt another breakout above the supply. Failure to sustain the support area, indicated by a breakdown, would be a bearish sign. 💎 In such a scenario, ALGO may switch back to a bearish trend, potentially leading to further downward movement towards the demand area or even lower levels.
by MyCryptoParadise_Nathan
3