ALGOUSDT.PS trade ideas
ALGO: Descending Triangle PatternTrade setup : Price remains in an Uptrend. After making another Higher High (~$33), which is a sign of Uptrend, price is consolidating in Descending Triangle pattern. The pattern is coming to a pinnacle, which means price is about to breakout. We wait for a breakout that would signal the end of consolidation and a resumption of uptrend. Bullish breakout could see the price revisit $0.30 for +20% upside, while a bearish breakout below $0.23 support could see further downside to $0.18.
Pattern : Price is trading in a Descending Triangle pattern. Typically, a breakout will occur in the direction of the existing trend.
Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Bearish but inflecting. MACD Line is below MACD Signal Line and RSI is below 45 but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.20, then $0.15. The nearest Resistance Zone is $0.25, then $0.30.
Algo is moving so technicalForming a higher high from weekly time frame indicates a reversal in algorand pattern
In 4h there is a clear channel now facing a horizontal support which is around the last high
I expect a rebound from this bottom az soon az the trend line breaks
ALGOUSDT-4H - Support & ResistanceALGOUSDT-4H - Support & Resistance analysis 3 support and 3 resistance
#ALGO/USDT#ALGO
The price moves in an inverted head and shoulders pattern
The right shoulder is now complete
Wall is expected for the upper border of the shoulder
We have a higher stability moving average of 100
We have bullish momentum on the RSI and an uptrend
We have a current breakout of the channel to the upside
Entry price is 0.2500
The first target is 0.3000
The second target is 0.3500
The third goal is 0.4000
ALGO - Trade opportunity after the breakoutBINANCE:ALGOUSDT (1D CHART) Technical Analysis Update
ALGO is currently trading at $0.2276 and currently in consolidation phase. Price has formed a nice triangle pattern. If the price breaks out from the resistance line then we have a good opportunity for long trade. If the price breaks down then the next support is around 0.15
Entry level: $ 0.24
Stop Loss Level: $ 0.21
TakeProfit 1: $ 0.256
TakeProfit 2: $ 0.268
TakeProfit 3: $ 0.2931
TakeProfit 4: $ 0.3190
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
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Weekly EMAs waitingWeekly 21 & 54 about to have cross n test also liquidity grab and daily rsi 40ISH to be established as a support,
If not, hold on to nothing
ALGO HEAD & SHOULDERThe price forms a head and shoulder pattern, signaling a good opportunity to take a short position. Once the price reaches my take profit level or I secure a partial profit, I will then enter a long position from that final take profit zone.
Support found and Confirmed!Im a little late on this juan but ALGO has confirmed support along with many other alts. With quite a few now breaking out of these consolidation phases, I am expecting the same here.
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🌴
ALGOUSDT-4H candle-Dow TheoryALGOUSDT Implementing Dow Theory 4 hours candle analysis
#dowtheory #algousdt #cryptoanalysis
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.
ALGOUSDT - Cautious ApproachALGOUSDT is in downtrend but look like the bullhave started to gain strenght. A bullish divergence is formed when the prices were forming LL the RSI momentum indicator have shown series of HL. Current steup to go short is available at 0.38 fib retracement.
ALGORITHM IDEAThe price is being rejected at the 1-hour support level, which may result in a gradual price increase from this point.
ALGOUSDT: Bullish TrendALGOUSDT is bullish trend, price is showing action at 78.6 Fib retracement level and there is bullish diversion on RSI at HTF.
ALGOUSDTALGOUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
#ALGO this bull runThis is merely a prediction for ALGO during this bull run, and I will use Dollar-Cost Averaging (DCA) between the two red lines. The range is wide, but I am considering the big picture. This may take months to unfold, or it may not occur at all, as every altcoin tends to follow BTC.
ALGOUSDT - Weekly LONGThis is a weekly technical analysis for educational purposes on ALGOUSDT. I believe that Algo will revisit the same levels and will be widely discussed during the altcoin bull season. I may be wrong. :)
Regards,
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.
ALGOUSDT SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. DYOR.
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,
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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.
