ALGO in a bearish flag pattern with a target of $0.22Bearish Flag Pattern
Breaking $0.5 with a strong candle and a daily close will invalidate this scenario.
ALGOUSDT.P trade ideas
Algorand (ALGO/USDT) Weekly Analysis / Feb 2024Hmm, looks like ALGO, like most cryptos, is currently at a key decision point. Currently, we are sitting below the 0.382 Fib level, which acted as support some time ago. If bulls defend this zone, we should see another rocket toward the 0.5 and 0.618 Fib levels at 0.53 and 0.82, respectively.
🔹 EMA Structure – ALGO is testing the EMAs, and a bullish cross formation is approaching, which could be a strong bullish signal if confirmed.
🔹 Fib Levels – If we hold this zone and start moving up, the next key resistance lies around 0.53 (0.5 Fib), followed by 0.82 (0.618 Fib). A breakout above 1.55 (0.786 Fib) could trigger a full retracement towards 2.25 (0.886 Fib) and even push us toward new highs, similar to what we've seen with big bro BTC.
🔹 Stoch RSI – Approaching oversold levels, signaling that a reversal could be coming soon if momentum shifts back up.
If we see a bounce from here, we could be looking at a strong rally in the coming months. However, if the 0.343 support fails, we might see a deeper correction before any upside move.
Let’s see how it works out! 🚀
SPOT ALGO LONG 4.01.2025Pinning after abnormal purchases.
🎯Purpose:
0.5669
I'll let you know when I record it manually.
‼️Risk per trade: 1% of the allocated funds for spot trading.
Thank you!
ALGO/USDT: Bearish Setup Incoming🔥 The Bears Are Tightening Their Grip! 🔥
The retracement bounce was a trap, and Fibonacci levels are now acting as solid walls of resistance! 📉 Price tried to reclaim lost ground but got smacked down hard, reinforcing the short bias. The rejection at key levels signals that the sellers are in control—is the next leg down about to begin? 🚨
👀 Will the bears take over, or will the bulls break free? Let’s dive into the setup! 📉👇
🔻 Entry:
Break & retest of 0.2809(Conservative).
Aggressive entry at current levels if volume increases.
🚨 Stop-Loss (SL):
Above 0.2850 - 0.2880, avoiding short squeezes.
🎯 Take-Profit (TP) Targets:
TP1: 0.2496 (Major support level).
TP2: 0.2438 (Stronger demand zone).
📊 Risk-Reward Ratio (RRR):
Aiming for 2:1 or 3:1 RRR for an optimal trade.
🔍 Final Thoughts:
✅ Rising wedge is breaking down – a classic bearish signal.
✅ EMA 55 acting as resistance strengthens the short case.
✅ MACD & RSI show declining momentum, but confirmation is needed.
🚨 Invalidation: If price reclaims 0.2880+, the short setup is invalid.
⚡ Momentum traders—are you shorting this? Let’s discuss! 🔥👇
ALGO in Danger "IF"ALGO break down symetrical triangle pattern
this is danger if we are not back to inside triangle mean we can see dump ahead
Algo in an ascending broadening wedge- bearish distribution formation
- pattern present on the RSI as well
- not the only alt with such a signature
- confirmation of the pattern with a daily close below 0.34 cents with a target roughly 30% lower
ALGO Long Spot OpportunityMarket Context:
ALGO has reached a key support level, offering a strong risk-to-reward opportunity for a long spot position. Given current price action, this level could act as a launchpad for a move higher.
Trade Details:
Entry Zone: $0.32 - $0.35 (support area)
Take Profit Targets:
$0.48 - $0.53
$0.70 - $0.80
Stop Loss: Just below $0.30
This trade aligns with ALGO’s structure, aiming for a rebound from support into key resistance levels. Stay disciplined with risk management! 📈
ALGO/USDT 4H breaking its downtrend or not?ALGO/USDT is re-testing its downtrend on the 4H-chart. Let’s see if it will be able to break it upwards this time
ALGOUSDT BEARISHI analyzed ALGOUSDT a few days ago as well, and it was bullish at that time. However, after a significant decline, I believe it may fall again, but probably not sharply.
Note: My ideas are not intended for any type of scalping or scalpers!
Here are some of my ideas (not selected!) :
Full list of my ideas are here:
www.tradingview.com
ALGORAND 1 day CHARTING also gives an indicator sideways Analyzing the 1-day chart, we observe a potential Head and Shoulders pattern emerging, indicating a possible upper momentum reversal. However, an alternative scenario suggests a Head and Shoulders pattern on a downtrend reversal, contingent upon a failure to breach the critical resistance level at 44.65.
Key points to watch:
Resistance level: 44.65
Pattern validity: contingent on breakout or rejection
A breakout above 44.65 could validate the upper momentum reversal, while a rejection may confirm the downtrend reversal scenario.
ALGORAND 45 MIN CHART could see potential break or downAnalyzing the 45-minute chart, we observe a potential Head and Shoulders pattern emerging, indicating a possible upper momentum reversal. However, an alternative scenario suggests a Head and Shoulders pattern on a downtrend reversal, contingent upon a failure to breach the critical resistance level at 44.65.
Key points to watch:
Resistance level: 44.65
Pattern validity: contingent on breakout or rejection
A breakout above 44.65 could validate the upper momentum reversal, while a rejection may confirm the downtrend reversal scenario."
ALGOUSDT - bullish pennanthi traders,
Recently we shared this idea where we expect the price of ALGO to rise:
There's not much changed but the price has been forming the bullish pennant.
Anyway, all the ways lead to 0,70$
Patience required. However, in March or April, ALGO should be traded around 0,70$.
GOOD luck
#ALGO/USDT #ALGO
The price is moving in a descending channel on the 1-hour frame and is adhering to it well and is heading to break it strongly upwards
We have a bounce from the lower limit of the descending channel, this support is at a price of 0.3500
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.3533
First target 0.4080
Second target 0.4381
Third target 0.4753
#ALGO/USDT Ready to go higher#ALGO
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.4064
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.4313
First target 0.4475
Second target 0.4593
Third target 0.4960
ALGO Watch for the next move
#ALGO Price is testing the 0.618 Fibonacci support, setting up for a potential bullish reversal 🐃
Accumulation in this zone could lead to a strong breakout toward key resistance levels 📈
🎯 Target 1: $0.5641
🎯 Target 2: $0.6697
🎯 Target 3: $0.7693
Algorand middle term targetsAlgorand middle term targets BINANCE:ALGOUSDT
Possible Targets and explanation idea
➡️We already sweep covid historical march 2020 low
➡️On a W tf we can see money inflow based on my Money Power indicator
➡️Perfect scenario with test of Buy line of my Take Profit indicator
➡️Target will be break out of downtrend line and test with full fill around 0.53$ monthly FVG.
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 ↓
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ALGO Yearly RangeBINANCE:ALGOUSDT
Possible Targets and explanation idea
➡️If we take a look on yearly chart we just got a simple range
➡️Top. Bottom at 0.0958. 2 test of equilibrium End of hype
➡️Crashed and formed historical lower low and deviation of range 0.0901
➡️Bullish road to 2 main monthly gaps and euphoria to deviation at the top 3.45$
➡️That time or we will break deviation and going higher or come back in a range again
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 ↓
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ALGO plan for 2023✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
We don't need to draw a lot of lines on a charts. Here is weekly timeframe and everything what you should know about Algorand price action for 2023
Possible Targets and explanation idea
➡️Weekly chart. Based on Take profit indicator we traded long time period under fundamental price.
➡️Its a Fib trend extension not a retracement. By this fib from the top we came in exactly to 0.618 lvl
➡️First block its a Monthly gap. Second block its a weekly gap which we most likely come to trade
➡️Take profit line now at 1.13 and exit line over than 0 level 1.27
➡️Most likely we can see at least move to 0.23 level by fib then retest buy line and take profit line before 2024/2025 bull run
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.
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• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
Algo pump before World Cup in Qatar?BINANCE:ALGOUSDT
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Algo is official partner FIFA, and in next month we will see major football event last 6 years. And its first time we will see World Cup championship in Qatar and in autumn (before it always was in June)
The idea is, hype around Algo and coins like CHZ bring a lot of attention to this coin.
Possible Targets and explanation
➡️Since January step by step big players accumulate ALGO (you can see on Direction indicator)
➡️We trade in -0.27 zone by fib
➡️More than 230 Days in accumulation phase
➡️Got a not strong but first signal to buy on D1 timeframe
➡️Marked first possible target to take profit.
➡️Daily downtrend line retested.
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"!
Measured move setting up on ALGO/USDTWhat it says in the title. I reckon there is a measured move setting up on the daily chat with a good rr
