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Algorand / TetherUS

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ALGOUSDT trade ideas

Algorand testing the 4 Hour Resistance at USDT0.1043, breakout?Take noted the below is not an investment advise, bet at your own risk. I am solely not responsible for any of your loses in money or assets. The Current Algorand price is USDT0.1004 as of 8 October 2023. The Algorand have potential to breakout from USDT0.1004 to USDT0.2185 range in the coming 1 to 2 months before the Fed's FOMC in November 2023. This is because the US court has ruled that SEC need to approved Bitcoin ETF from Grayscale. This is a very strong tailwind for the entire cryptocurrency market. The price will hover between USDT0.1004 to about USDT0.2185 within this period. The other Potential strong tailwind is the pause of US Fed's rate hike this coming November 2023. This along with the Bitcoin ETF approval will drive and test the resistance level at USDT0.2185. If there is a breakout then the next level of stronger resistance based on the dynamic resistance will be at USDT1.4052. Currently there is no potential strong headwind in the cryptocurrency space. The only potential strong headwind is the S&P market falling to around 3900 to 3850 because of higher rate for longer by Fed's US. If next 1.5 months down the road if there is other or fews strong headwinds appears then the price might breakout from USDT0.0778 and head much lower maybe even USDT0.01 is possible. This is highly unlikely to happen since everyone is anticipating a positive news of strong tailwind from the Grayscale Bitcoin ETF win over SEC. Currently don't see any much potential of future strong headwind. USDT0.0778 is not a strong support level based on the 4 hour chart of Algorand. I would only start buying a little at USDT0.0778 and reassess for 2 to 3 weeks before buying more. If by the time Algorand reach USDT0.0778 and the S&P most likely have no reach 3900. The buying scenario above might not happen in this month October 2023 cause everyone will not be selling because of a very potential Bitcoin ETF in the market soon but don't know when only. Based on current market condition it is highly unlikely to get a low that surpasses last year bottom.
Long
by TioJunYong8623
Algorand (ALGO) Surges 1650% at 10x Leverage!Algorand (ALGO) Trade Overview: Algorand (ALGOUSDT) delivers an explosive performance, achieving a phenomenal 1650% gain at 10x leverage using the Risological Trading Indicators . The 4-hour timeframe captured this breathtaking rally as ALGO hit all targets and surpassed expectations. Key Levels: TP1: 0.1247 ✅ TP2: 0.1364 ✅ TP3: 0.1482 ✅ TP4: 0.1555 ✅ Technical Analysis: The trade was initiated as ALGO broke past the Risological Green Lines, confirming a strong bullish momentum. The gradual upward curve of these lines provided early indications of sustained buying pressure. The price surged consistently, clearing all the predefined targets with ease. This move reflects a textbook breakout scenario, powered by volume spikes and an aligned bullish sentiment in the market. Traders leveraging Risological tools were well-positioned to capture this remarkable upside, securing massive profits.
Long
by ProfitsNinja
$Algousdt trade ideahi everyone, we have seen good rally on EURONEXT:ALGO recently, however Im expecting a pull back till $.16 and than start rising until $.25 you can see my exact enter and exit price on the chart. ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** #trading #BTC #bitcoin #coin #scalping #crypto
Short
by Taylan_K
ALGO ANALYSIS (update)🔮 #ALGO Analysis 🌟🚀 As we sail earlier, #ALGO performed the soo well & 78% Profit booked. Currently #ALGO is trading around its consolidation point. We could expect a breakout and reach towards resistance 1 zone and could expect a potential bullish move📈 Expect a bullish wave of around 20-25% in the coming days 🔖 Current Price: $0.2254 ⏳ Target Price: $0.3200 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #ALGO #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
Alikze »» ALGO | Scenario 3 or C bullish - 1W🔍 Technical analysis: Scenario of the first cycle bullish wave 3 or C - 1W BINANCE:ALGOUSDT In the daily time frame, the ascending channel is moving. - In the analysis presented in the previous post , after reaching the dynamic trigger, it faced selling pressure and, after a correction of 0.23 Fibo of the previous wave, it was able to continue the upward movement to the supply area. - Considering the previous movement structure, which had an upward cycle to the 33 cent range, after which it made a three-wave downward correction cycle. 💎After that, by forming a Double Bottom, it was able to touch the middle of the channel and the neckline by creating demand. 💎Considering the momentum, this movement cycle can continue to the ceiling area of ​​the ascending channel and the supply area, and then with a temporary correction in the middle of the channel, it can continue the upward path to the second supply area. ⚠️In addition, if the price enters the Invalidation LVL range during this upward phase, the bullish scenario is invalidated and must be re-examined and updated.⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by UnknownUnicorn7266498
3 identical rectangles, from accumulation to top of run3 identical rectangles, from accumulation to top of run. we can see the gains ALGO had after an accumulation period. copy that rectangle to today after the long accumulation we had we can see 1,5-1,6 dollars is an easily achievable price. My opnion? we will go much higher than that, altcoin season is slowly coming while btc.d is declining. i do not see btc dropping anytime soon especially when big companies like microstrategy have bought huge sums of it. GL ALL
Long
by BlackSeaFish61
ALGOUSDT Surges by 82.83%The cryptocurrency ALGOUSDT has experienced a powerful rally, rising by an impressive 82.83% and achieving a price of $0.21900. This significant growth marks the successful attainment of the second target, reinforcing its bullish momentum. Despite reaching this milestone, ALGOUSDT shows no signs of slowing down, with the uptrend still intact. The trade remains open, as further potential for upward movement is anticipated. This remarkable performance highlights the strength and optimism in the market for ALGOUSDT. Traders are encouraged to monitor this dynamic asset closely.
Long
by SafeCryptoSignals
Algorand Confluence StrongIt's quite the busy chart but it's all about confluences. And right now I'm seeing strong confluence, which is a vote of confidence for me. Bullish divergence with RSI signalling 5th wave completition (corrective) Falling wedge boundaries being respected RSI climbing slowly but surely Bounce off .786 fib retracement and making a HL (need to see HH next) RSI is now bullish on the 2D TF and up If this is wave 1 of the current cycle and with a severe correction to .786 Fib, Algo won't correct much at wave 4. Meaning it's up and only up from now on till the fifth wave sometime in 2025. This NFA!!
Long
by LockedAndLoaded
2
ALGO/USDT Prime Buy Opportunity Strong Rebound PotentialThe cryptocurrency pair ALGO/USDT has shown significant signs of potential upward momentum, making it an intriguing opportunity for buyers in the medium term. Currently priced at 0.11975, ALGO appears to be forming a strong support level at this price range after a series of corrective moves. Several technical indicators signal a promising scenario for a price rebound. The Relative Strength Index (RSI) is hovering in the oversold territory, suggesting that selling pressure may be diminishing, which often precedes a reversal or a bounce-back in price. Furthermore, the Moving Average Convergence Divergence (MACD) has shown signs of bullish divergence on the daily chart, with the MACD line nearing a crossover above the signal line. This movement hints at a potential change in momentum from bearish to bullish. In addition, ALGO's price is nearing the lower Bollinger Band, which typically acts as a support level, indicating that it could be undervalued at the current price. Volume analysis further strengthens this outlook; there has been a gradual increase in buying volume, suggesting that traders are beginning to accumulate positions at these low levels. This could lead to an upward move as the market digests this accumulation phase. Given these indicators, the current pullback may be a compelling entry point for long-term buyers looking to capitalize on a medium-term upward trend. Investors might consider this price level a buying opportunity, with expectations for a strong bullish movement as ALGO/USDT gains momentum.
Long
by SafeCryptoSignals
ALGOUSDT.4HExamining the ALGO/USDT 4-hour chart, I observe several important features and indicators that provide insights into the current market behavior and potential future movements. Key Observations: Resistance Levels: The chart points to a key resistance at 'R1' ($0.1122). This level has previously acted as a barrier, and surpassing it could signal bullish momentum. 'R2' at $0.1330 is the next significant resistance if 'R1' is breached. Support Levels: The chart does not specify current support levels below the last visible price, but it's critical to note the descending resistance line which has been acting as a dynamic resistance level. A break above this line could be indicative of a trend reversal. Price Trend and Movement: The price appears to be consolidating with potential attempts to breach the descending resistance line, indicating a pivotal market sentiment phase. Technical Indicators: Stochastic RSI: The Stochastic RSI is approaching the oversold region, suggesting potential for a price reversal or at least stabilization, which might provide a buying opportunity. MACD: The MACD is currently below the signal line, indicating bearish momentum. However, the histogram suggests the bearish momentum is weakening, which could precede a bullish crossover if the trend continues. Strategic Approach: Given the proximity to the descending resistance line and the technical indicators suggesting potential shifts, I would closely monitor ALGO for a possible breakout above this line. A confirmed breakout, especially with an accompanying bullish MACD crossover, could validate entering a long position targeting 'R1' and potentially 'R2'. Alternatively, if the price fails to break the resistance line and declines, it will be essential to identify new support levels to reassess entry and exit points. This could mean setting up buy orders near historically significant support levels or areas where the price has shown resilience in the past. Conclusion: The ALGO/USDT pair is currently showing signs that could either lead to a breakout or further consolidation. Traders should be vigilant and look for confirmation of direction through additional indicators and volume analysis. Entering trades should be considered cautiously with tight stop-losses to manage risk effectively, especially given the current uncertain market conditions. As always, maintaining a disciplined approach to risk management is crucial to navigating the markets effectively.
Long
by MarsSignals