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ALGOUSDT trade ideas

ALGO: Resistance BreakoutAlgorand (ALGO) technical analysis: Trade setup : After getting rejected at $0.15 resistance a few times in November, price has finally broken above it to signal continuation of uptrend with upside potential to $0.18 near-term. Previously, price broke above above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. 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 $0.15 (previous resistance), then $0.11. The nearest Resistance Zone is $0.18, then $0.24.
Long
by altFINS
How do i expect to see $ALGO in 2025-2026 ? 8X possible?Hello fam, I'm back with another perspective about Algorand with EURONEXT:ALGO symbol. Comparing other altcoins, Algorand team works on real world solutions and recently partnered with UNDP to lunch Algorand Blockchain Academy. But from candles world perspective we can clearly detect range formed and lows been swept away. This means we will have our eyes for range high to be tapped in coming weeks. This idea aims for 2.5$. Besides there was a falling wedge that been broken recently. Falling wedges are reliable strong bullish patterns and most of times they deliver what we expect. as usual fib.0.5 to 0.618 is were we expect to see this wave end. This will be around 1.6$ . This is 8X from current price but as you already know there are many risks in Crypto market and you need to closely do your own research before taking any financial decision or trade. Read my analysis about CRYPTOCAP:TOTAL , CRYPTOCAP:TOTAL2 and TOTAL3 for better understanding. Further analysis required in case 1.6$ broken in weekly
Long
by bitcharger
$ALGO -keep the faithHola, approaching a key level to flip before we accelerate has been dormant for a while but apparently been doing a lot of work behind the scene and building. emotionally hard for the hardcore algo fans to hodl on but now is the time to sit back and enjoy the ride just rambling on here since been told off to provide a detailed explanation of the trade by TV large caps usually leg up first then mid and low so looking for this as my large cap candiate also btc dominance is set to have a decent pullback imo remember to keep your targets realistic and hop off as you are happy do not be a dick for a tick and miss out 90% just to get the extra 10% rotating capital into trades as i get a decent move on my current play expecting a loco flush to wipe out OI which will increase like loco on this move up so be extra carefull not to give back the money you have made last few months for some reason i have the 12th day of christmas earmarked as be carefull and risk off no particular reason just recon our pullback should happen then . will put a link in later for ltf for invalidation but trigger for a long for now is a flip of the white line . hope everyone is having a lovely day .. carpe d!!
Long
by CompoundingGain
2
Potential Price ReversalALGO has demonstrated a notable uptrend, successfully overcoming a resistance level that previously hindered its price growth for several days. This bullish momentum led it to encounter another resistance zone. At present, the price growth has stalled, suggesting a potential reversal to the downside. However, a newly formed support zone has emerged, which could act as a buffer against further decline in price. This support level, potentially a key pivot point, is positioned around $0.1357 to $0.1370. If it holds, it might catalyze a renewed upward movement in ALGO's price. This analysis is for informational purposes only and should not be considered as financial advice.
by MonoCoinSignal
ALGO: Resistance BreakoutAlgorand (ALGO) technical analysis: Trade setup : After getting rejected at $0.15 resistance a few times in November, price has finally broken above it to signal continuation of uptrend with upside potential to $0.18 near-term. Previously, price broke above above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. 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 $0.11 (previous resistance), then $0.09. The nearest Resistance Zone is $0.15, which it broke, then $0.18.
Long
by altFINS
1
LONG on ALGO Price surpassed the previous high of 0.1504 and continued above, breaking the marked 4HR order block. A valid retest of the OB would signify an opportunity for a relatively strong long position, in my opinion. There is an unmitigated FVG (0.156) from May of this year that could serve as resistance for a bounce. If price nears the FVG and pulls back for the retest, the OB (0.1530-ish) will be the point of entry. (Note that price could just as easily reverse and retest before reaching the FVG) My trade: SL - Placed comfortably below the OB Target - Balanced Price Range around the ballpark of 0.1750
Long
by NurseTrade
$ALGO Weekly is so Bullish💣 The Candle will be EpicThe weekly performance of EURONEXT:ALGO appears incredibly bullish, hinting at an impending monumental candlestick. The upward momentum seems poised to create an epic surge in value, reflecting robust market sentiment. This promising trend suggests significant growth potential, fueling anticipation for a remarkable and influential market movement in the near future. Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @FarmanBangashh
Long
by frmnCapital
1
ALGO: Pullback in UptrendAlgorand (ALGO) technical analysis: Trade setup : Price broke above above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. So far it has been rejected at $0.15 resistance. We wait for price to either 1) break above $0.15 to signal continuation of uptrend with upside potential to $0.18 near-term, or 2) pull back near $0.12 support (200-day MA) for a swing entry in Uptrend with upside potential back to $0.14. 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 $0.11 (previous resistance), then $0.09. The nearest Resistance Zone is $0.15, then $0.18.
Long
by altFINS
ALGO LONG TERM REVERSALHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. What's next on ALGO. As we can see price is still sitting around our all-time low adding on around a strong round number, where we will be looking for new longs as well. Meanwhile, for the bulls to take over from a long-term perspective, we need a break above the marked major swing high in a shape of inverse head and shoulders pattern, if that happens, then a movement higher would be expected. Until that price is still overall bearish and price can still trade lower and lower. If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Long
by Hadi_karaali
ALGO/USDT = Sideways before The Breakdown/BreakoutWe see a tight trading range, signifying indecision between buyers and sellers. If we see a solid break above the upper yellow line, there could be potential for an upward push, possibly initiating a new bullish phase for ALGO coin. However, the odds seem slim, and we may more likely witness a bounce between the resistance and support zones. We're on the lookout for a potential breakdown, which would necessitate a confirmed re-test of the resistance turned from the support zone. Such a move would signal a clear shift in market sentiment and a potential move to our liquidity grab zone as well!
Short
by SwallowAcademy
The key is whether it can rise above 0.1409-0.1718Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (ALGOUSDT chart) The key is whether the price can be maintained above 0.1093 and rise above 0.1718. (1W chart) In order to escape from the bottom section, the price must rise above 0.1718 and maintain the price. However, to escape the true bottom zone, it must rise above 0.4253. Only then is it expected to turn into an upward trend and rise. (1D chart) Therefore, the key is whether the price can be maintained by receiving support around 0.1214 and rising above 0.1409. If the price maintains by rising above 0.1409, it appears likely that it will rise quickly to around 0.2462. Otherwise, if it falls below 0.1214 and is resisted, there is a possibility that it may fall to around 0.0954, so you need to think about a response plan. Since a volume profile section has been formed around 0.3091, it is expected that a sharp rise will occur only when it breaks upward around this area. -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
1