Algorand 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$...
ALGO ~ 1W
#ALGO This is the lowest support for $ALGO. If you have Conviction on this Coin, this is the time for you to start buying again. at least for a profit of at least 20%+.
But you need to know, you have to place a tight SL when this support block is broken.
Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity.
Everything on the chart.
Entry: market and lower
Targets: 0.3 - 0.5 - 0.7 - 1
after first target reached move ur stop to breakeven
Stop: (depending of ur risk).
ALWAYS follow ur RM
RR: 1 to 20
risk is justified
It's not financial advice.
DYOR!
Hello, my friends. Nice to meet you all
It's going from BEARISH EXTENDED WAVE to BULLISH EXTENDED WAVE.
We expect to break out the upper line of BULLISH WXTENDED WAVE with strong support from ZONE.
Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity.
Everything on the chart. (update)
Got complicated in wave of (ii), but in midterm nothing has changed from my last idea.
Entry: (im in pos from 0.184)
Targets: 0.34 - 0.46 - ~0.7
after first target reached move ur stop to breakeven
Stop:...
Traders, get ready for a potential game-changer with ALGOUSDT! 🚀💰
🔍 Strong Support Zone:
We're eyeing a robust support zone where buyers are showing a strong reaction. It's highly probable that they'll step in again. Remember the last time? It sparked some impressive movement!
💡 Trade Strategy:
With the potential for a 1 to 10 trade, this setup could be a golden...
Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: Find your entry point yourself (im in pos from 0.184)
Targets: 0.34 - 0.46 - ~0.7
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is...
1D time frame
-
ALGO is retesting the structural support around 0.135~0.152, that is also the 0.618 Fibonacci Retracement, so here is a good timing to set up a perpetual trading plan with great RR. Also, we can easily see a strong support on higher time frame around 0.08~0.10, this zone is a sweet price to accumulate spot if ALGO come back again in future....
💎 ALGO's recent market trajectory has certainly caught the eye, particularly with its powerful bullish candle on the daily close, signaling a potential upward surge.
💎 To capitalize on this momentum, ALGO needs to decisively breach the supply zone. Probability Achieving this would not only confirm a bullish trend reversal but also open a path toward the next...
BINANCE:ALGOUSDT
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help. #DYOR
Don't forget to 🚀 and comment
BINANCE:ALGOUSDT i think is ready for a huge move
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
Don't forget to like and comment
4h time frame
-
ALGO is creating a potential bottom structure. There are two ways to estimate targets, first one is Fibonacci Projection, this target is 0.125. Next one is obvious structural supply zone from 0.17~0.18. Both ways are good to set up trading plan. If ALGO trigger a surging trend, then we can see 0.17 in near future, but shall notice PA while close...
For the BINANCE:ALGOUSDT.P Long Trade Setup, the following values are suitable for our interval trade:
Entry: 0.0919
Target: 0.0959
Stop: 0.0847
Cost Reduction: -
The profit is reasonable relative to the risk.
4h time frame
-
ALGO approaching history low and creating triangle structure here.
Support from uptrend is good entry to set a long trading plan.
TP: 0.16~0.17
SL: 0.089
This 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...
BINANCE:ALGOUSDT.P
Asset analysis
From a technical point of view, by reaching the entry point marked with blue color in the image, it can have a good profit for the owners of this asset.
