TradeCityPro | ALGO: Bearish Pressure Builds Near Key Support👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the ALGO coin for you. The Algorand project is one of the Layer 1 and RWA projects.
⚡️ The coin, with the ticker ALGO, currently holds a market cap of $1.63 billion and ranks 53rd on CoinMarketCap.
⏳ 4-Hour Timeframe
As you can see
ALGO/USDT – Breakout Trade Setup (Daily Timeframe)BINANCE:ALGOUSDT has officially broken out of a multi-month descending channel, signaling a shift in trend. After several failed attempts, price action finally pushed above both the channel resistance and the 50-day EMA (~$0.2197), confirming renewed bullish momentum.
Following the breakout, ALGO
ALGOUSDT making its way for journey towards 0.35$Here is the idea about ALGOUSDT.
The price is currently trading at daily support DS1.
The price was rejected from weekly resistance WR1 before coming back to daily support zone DS1.
I believe this daily support is very likely to provide support and make the price bounce from here.
The likely tra
Algorand 5X Lev. Full PREMIUM Trade-Numbers (PP: 1500%)This is an unusual pair for us to approach with leverage, the last time we opened a LONG on ALGOUSDT was in August 2023. Market conditions are different today.
Back then, prices were trading at the bottom before the recovery, so we were predicting the trend reversal and bullish breakout. Today, the
Algorand to $1Pattern Overview
A textbook bull flag formation has materialised and appears to be have confirmed support on past resistance. The pattern shows the classic characteristics of a strong impulse move followed by a controlled consolidation phase.
Key Technical Elements
Flag Formation Structure:
I
How To Spot The Next Big Algorand Crypto Move!In the fast-paced world of crypto trading, many traders gravitate toward intraday and scalping strategies, chasing quick profits while often ignoring the powerful signals presented by higher timeframes. Yet, the smart money — institutional players, whales, and seasoned swing traders — operate differ
Algorand (ALGO): Market Structure Break | Getting Ready to ShortAlgorand seems to form a proper MSB formation where we might catch a good downward movement once we see either a breakdown from current zones or a successful re-test from EMAs on a 30M timeframe.
More in-depth info is in the video—enjoy!
Swallow Team
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.