Finally Algo Breaks Falling Wedge Seems Like Algo Is Ready For bullish Impulse Falling Wedge Breakout Has Already Confirmed Retesting In Process Incase Of Successful retest expecting 25v to 30% b ullish Wave
ALGOUSDT.PS trade ideas
ALGOUSDT at weekly support and likley to move up from hereThis one is approaching towards the its lows. There is a monthly and weekly level almost close to the current price. It may breach that for a while but I expect it to hold that level on weekly time frame and bounce from there. If it does bounce, I see it aiming towards daily and then probably weekly resistance.
The price has finally hit the weekly support which is also monthly support level. I believe this is going up from here but as said before, it may dip briefly on intra week basis.
Algorand Divergence - use case - AdoptionIs Algorand establishing its new value ? the adoption is really amazing though
$ALGO looking for small risk high reward plays
this hourly reclaims white squiggly should be good to go ..
targeting 200 ema on H4
ALGO - 3D Bullish DivergenceALGO has been beaten down the past couple weeks, but has recently started showing some strength from the lows.
Lets first examine the bullish divergence we see forming on the 3D. We had a lower low in price action, but our relative strength index has formed a higher low! This shows buying strength at these lower levels. We also see that our RSI is trying to bounce exactly off oversold conditions!! Price is also around the same price levels of the 2020 covid crash! What a bargain. Accumulating at these levels for ALGO will make you look like a superstar during the next bull run.
Also, I have outlined some key price levels in the short term (based on Fibonacci) that we can watch for in the next coming weeks/ months.
ALGO/USDT looking for a re-test?Hey guys 👋
We are back with ALGO coin here so let's see what we have here. Well first things first, we see a good probability of a re-test to happen to upper zones but as we do not have a strong support on lower zones it is very risky to take a position here. We are going to wait for opening of the week to see how overall market is going to be.
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Bulls in Control: #ALGOUSDT Breaks Channels, Sets Sights Higher💎#ALGOUSDT shows promising signs of a bullish reversal! The formation of a double bottom, coupled with a successful break above the descending channel and supply/demand zone, suggests a potential price increase towards the 88.6% Fibonacci retracement level and the 200 Simple Moving Average. Currently, price is supported by the 61.8% Fibonacci level. If the support holds, we could see a rapid rally.
💎However, a break below the support may lead to another wave down before a potential pullback.
💎Watch closely for any price action below the double bottom, as it could indicate a continuation of the downtrend.
Is a Reversal Brewing for #ALGOUSDT?💎After breaking below the ascending channel, the downtrend in #ALGO has been consistently strong. But today, on the 4H chart, we are witnessing a Hummer Candlestick Pattern, a potential sign of a reversal.
💎 Additionally, there's a clean bounce off the 461.8% Fibonacci support, which could indicate a potential bullish reversal. We need to confirm this on the Daily chart. If the current low holds until the daily close, it could be seen as the first bullish reversal signal.
💎 But let's not jump to conclusions just yet, Paradisers. We must remain cautious and acknowledge that discussing an uptrend at this moment would be premature. To establish a solid bullish outlook for #ALGO, it must break and sustain above the supply zone and the downtrend trendline.
💎 The MCP team is closely monitoring the current support level, and we'll keep you updated on any further price developments. Stay tuned, stay informed, and stay ahead of the game!
Bullish crap patternUpdate
I think we are in D wave in 1 hour frame
So i think the price will test rhe resisting at 0.1573 after that the price will drop to the red line at 0.1317
And you can buy again from this price
Cup and handle bearish Hi , i think we have bearish cup and handle also we have bearish butterfly
So i think the price will going to the red line at ( 0.1317 )
We can buy from this price
Algo buy itAlgo double bottom in bullish scenario which can give you good profit in no time. I'm riding on it. Do your own analysis and let's ride on Algo pump.
ALGOUSD ❕ low boundary of the channelALGO has fixed above the lower boundary of the channel.
Many indicators show that the asset is oversold.
The price will rebound from the current level.
Algorand (ALGO) - Scam or Gem?Hello, everyone!
There is an increased interest to atlcoin BINANCE:ALGOUSDT last couple of days because it has broken the bottom again. Some traders think that it's scam and we should forget about this token, others think that it's perfect buy level. I have another one opinion.
As you know I expect $10k on Bitcoin, and first of all we should wait for this price to see which altcoins will be alive. Anyway looking at the Elliott waves formation, I can see that ALGO is forming the ending diagonal inside the wave 5. Bear market for this coin is about to end, but I can demonstrate the decrease up to -50% from current prices. To sum up, current price is not a good entry point, but this asset is not obligatory scam, but this probability is higher than pump from current.
Best regards, Ivan
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ALGOUSDT Chart 4Bias Neutral
Change of Character 4HTF
Golden Pocket 0.618 Retracement Area
Entry: 0.1655 - 0.1623
SL: 0.1597
TP: 0.1738
TP: 0.1803
NOTE: This is just my Trading Journal Practice NFA
ALGO dropped a key supportHi, Friends hope you are well and welcome to the new update on ALGO.
Big wedge and a long-term support:
Algo has formed a big falling wedge on a weekly time frame, however, at the moment ALGO has dropped at a very long-term support of $0.16 and this level is working as a support since Sep 2019.
Oversold on weekly time frame:
Weekly Stochastic is also extremely oversold therefore, if Bitcoin starts small correction move, then ALGO can begin a massive reversal from this support.
Conclusion:
If some one wanna buy ALGO here then be very careful and keep an eye on $0.16 support, if it will be broken down then ALGO can drop at the support of wedge. More chances are in favor of a massive rally from this support soon.
ALGOUSDT testing Fibonacci supportRight now ALGO is testing the most common Fibonacci retracement level, 61.8%. We want to take buying opportunity at this time as any kind of a pullback would be healthy for this bearish trend.
ALGO UPDATERegarding spot position in algorand as You can see we've hit the next supply zone on high tf. In theory that's cheap for something what I always perceived as fundamentally strong alt coin. Below are only corona dump levels which are basically cataclismic prices. Does not mean we won't go there, or even head lower. We simply may see some potential demand after visiting 17 cents. When I look at indicators it's still far away from massive momentum kicking in but maybe it can at least sustain current prices over time and gain later on.
Buying For long-termHey guys
Algo is getting ready for buying
This coin was supported in the range of this level such as before we just wait for shadows & impulses , i predict approximately 100_120% rise after forming this pattern.
Have a good time
#ALGO USDT DOUBLE BUTTONI think we should wait for growth in altcoins
Your own risk
Don't forget to like and comment
ALGOUSDT (4H) - Bearish breakoutHi Traders
ALGOUSDT (4H Timeframe)
The market is in a downtrend, and we are waiting for an entry signal to go SHORT below the 0.1579 support level. Only the upward break of 0.1707 would cancel the bearish scenario.
Trade details
Entry: 0.1579
Stop loss: 0.1707
Take profit 1: 0.1500
Take profit 2: 0.1372
Score: 8
Strategy: Bearish breakout
Algorand at an important junctureMoment of truth for Algorand. Will it close above its recently re-gained trend line this week and this month? Above .30 with some sideways action would be ideal. Because if it does, it will have quite the bull run. If not, it may need to re-visit 14c and that would delay the structure. But so far so good!
Cheers!
ALGOUSDT: 20% FOR LONG ?Disclaimer
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