ALGO is currently confined within a descending triangle pattern. To determine the potential future direction, it is advisable to exercise patience and await confirmation of the breakout. There is a higher likelihood of a bullish scenario, with a potential bull run anticipated to retest the recently established highs, should the breakout confirm as expected.
Trade setup : Price is in an Uptrend and approaching $0.24 resistance. If it breaks above that, it could revisit $0.30 next. Previously, price broke 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...
0.28 and 0.4 are the huge resistance zones. So that means most likely to get rejection at those lines, and what is more interesting is we could see H&S pattern either way.
Trend: Down Expected Scenario: The technical analysis suggests that prices may reverse from current levels, based on the following reasons: 1- The price has reached the trendline. 2- The price has entered the support zone (from 1.3264 to 1.31000). What if prices don't reverse and continue moving down below the support green zone? That would mean the...
Explore the "Sol Play" strategy tailored for the resistance zone between 104.45 and 114.12, with set targets at 130.89 (Target 1) and 198.79 (Target 2). Utilize the current diagonal channel, ranging from -7.76 to 23.27 at the bottom and 147.36 to 180.06 at the top, for a straightforward approach to market movements. Utilize charts for target points. Resistance...
Trade setup: Price is in an Uptrend and approaching $0.24 resistance. If it breaks above that, it could revisit $0.30 next. Previously, price broke 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...
Trade setup : Price got overbought (RSI > 70) after breaking above $0.20 and pulled back on some profit taking. Pullbacks to $0.18 area could be swing trade entry opportunities with upside potential to $0.24 near-term. Previously, price broke above 200-day moving average, which confirmed a bullish trend reversal to an Uptrend. Trend : Uptrend across all time...
🚀 ALGO/USDT Potential Breakout Signal: After a careful analysis of ALGO/USDT price action, it appears that a significant move is on the horizon. ALGO has recently broken out of a Falling Wedge pattern, and all signs point to an imminent bullish surge. The key price levels to watch closely are 0.102 and 0.108. 🎯 Mid-term Price Targets: Target 1: 0.116 Target...
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 $0.24. However, price is now overbought (RSI > 70), hence, near-term, we’re likely to see it pause here on some profit taking. Pullbacks to $0.18 area could be swing trade entry...
Algo technical analysis for NZDUSD 13 Dec 2023 Trend : UP Details : It's clear on daily time frame that the main direction up and the pair moving down slowly last few days , the green support zone is very strong and could push the prices more up with targeting 0.63000 , the reason for this probability drawing on the chart. However, generally we can't...
I am waiting for Algorand to broke up the short-term resistance to enter for a scalp long till 0.21. It looks strong enough and momentum is good
Thank you for reading this update. Depending on our study we see that TIA has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. #Nottradingadvice #For day traders take always profits when market increase
💎 Paradisers, prepare for a promising opportunity with ALGOUSDT as it showcases an impressive trend, currently positioned in a demand zone, hinting at a heightened likelihood of a bullish trajectory. 💎 In recent developments, we've observed a shift where supply zones have transformed into demand zones. Currently, ALGOUSDT is nestled within such a demand zone, and...
What an amazing trade on Algorand! More than 30% gain on spot from my call and way more on leverage. It's now slowly coming down, but i am waiting for a good retrace to join in long again. Will keep you updated, 0.17 is an interesting zone
Algorand (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 $0.24. However, price is now very overbought (RSI ~ 80!), hence, near-term, we’re likely to see it pause here on some profit taking. Pullbacks to $0.18...
💎 ALGO has been a standout in the market, recently achieving a notable breakthrough in a key supply area. It's now undergoing a retesting phase in the Lower Time Frame (LTF), setting the stage for potential upward movement. If successful post-retest, ALGO probability may move towards our targeted strong resistance area. 💎 However, if ALGO returns to the demand...
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