ALGO Perpetual Futures Contract Trade Ideas — BINANCE:ALGOUSD.P — TradingView

ALGO/USDT – Bullish Breakout Setup (1H)ALGO has shown a clean breakout from the descending trendline (blue) after several days of lower highs. The breakout was backed by strong bullish candles and a close above the short-term EMAs, confirming momentum shift to the upside. 🔹 Trade Plan: Entry: Around 0.2575 (post-breakout confirmation) Stop Loss: 0.2540 (below structure & EMAs) Targets: First Target: 0.2721 Second Target: 0.2804 Extended Target: 0.2902 🔹 Technical Outlook: The descending trendline was acting as resistance since August 17 and has now been broken. EMAs are turning upward and aligning bullishly. Strong volume push on breakout candle indicates buyers stepping in. Next major resistance sits near the higher descending yellow trendline – a break above that could open the way toward higher levels. 📊 Bias: Bullish as long as price holds above 0.2540. Watching for continuation toward upper resistance.

Bearish Continuation for ALGOUSD ** IF you like my observation, please boost and follow for more content." Trade Overview: Entry: 0.2517 Stop Loss (SL): 0.2586 Take Profit (TP): 0.2434 Key Points: Trend Analysis: The price is currently under a bearish trend as indicated by the downward sloping blue trendline. This trendline shows consistent resistance, rejecting price rallies and continuing the bearish bias. The yellow trendlines represent key support and resistance zones, highlighting the consolidation range where the price has been fluctuating within a defined pattern. Market Structure: Price has formed a lower high (marked as point 4), followed by a lower low (point 5), confirming the continuation of the downtrend. This suggests that the market is likely to keep pushing lower towards the target. The price has retraced upwards but has failed to break the bearish trendline, reinforcing the idea of further downside potential. Entry Strategy: Entry Point: We are entering at 0.2517, just below the recent resistance, anticipating the price to continue downward after failing to breach the trendline. The price action at point (4) suggests weakness in the upward movement, making this a prime opportunity to capitalize on further downside movement. Risk-Reward Setup: The Stop Loss is set at 0.2586, just above the last swing high, giving room for minor retracements while protecting against a breakout above the trendline. The Take Profit is set at 0.2434, targeting the next level of support where the price could potentially find buying interest. This gives a favorable Risk-Reward Ratio of about 2:1. Volume Confirmation: Notice the increase in volume during the downward movement, suggesting that sellers are in control. A drop in volume during price retracements further validates the weak bullish momentum and confirms the expected continuation to the downside. Why This Setup? The bearish trend, price action, and trendline rejection all align with a continuation trade setup. The risk-reward is favorable, with a clear structure to exit the trade if the price moves against the position. The broader market context is also in line with a bearish outlook, making this a high-probability trade setup for the next few hours.

Algorand (ALGO)Algorand (ALGO) Algorand's blockchain is adept at tokenizing a variety of assets, from art and music royalties to stablecoins, offering scalability and efficiency. This capability positions it as a top choice for both creators and investors. At the time of writing, Algorand crypto was trading close to $0.142 recording a negative intraday development of 4.70%. It ranks 63rd in the cryptoverse with a live market capitalization of $1.174 Billion. From a technical outlook, the price hovers below all the key Exponential moving averages of 20, 50 and 200 days suggesting a bearish trend prevailing in the short term as well as long term. Recently, the ALGO price has suffered rejection from the 20 day EMA and may drop towards the recent support at $0.128.

algorand crypto is looking bullish 1. bullish divergence at support 2 . This may be last low 3. wait for other confirmation

ALGOUSD 4hr Currently testing the support, then I think, it will reach its ATH.

ALGO NFA

ALGO 1D seems ready to take it to new heights!Algo is inching toward support and expecting a rebound northward: ~2.20 long. If Algo falls southbound and breaks through support, looking short for ~1.02 or even ~85 before a possible rebound. We've got mad faith in more energy from the bulls. For the short term target on the northbound, a rebound to ~1.80 would be nice before closing, IF resistance blocks at this line. HODL to ~2.20 if resistance is broken. The final result to the upward channel can be concerning at times but the energy out there knows where to take it. This information is from my mind and it is my opinion. Idea is not intended as financial advice. Please do your own due diligence.

Algo nfa

algo moon?let see i am buying after breakout.

ALGO Perpetual Futures Contract

ALGOUSD.P trade ideas