revised targetsstill right on track from my previous ALGO idea , but revising the upcoming targets based on the latest data. specifically noting the new strong support at $1.52 and that crazy wick up to $2.99, making $3.00 an excellent target.
Algo
Algorand - Long PositionThe live Algorand price today is $1.96 USD with a 24-hour trading volume of $738,617,029 USD. We update our ALGO to USD price in real-time. Algorand is up 7.18% in the last 24 hours. The current CoinMarketCap ranking is #21, with a live market cap of $12,295,312,243 USD. It has a circulating supply of 6,286,654,254 ALGO coins and a max. supply of 10,000,000,000 ALGO coins.
Algorand (ALGO) in a stable 2 day price wedge and room to growAlgorand (ALGO) in a stable 2 day price wedge and room to grow.
Enough free space to orange or even red resistance on the RSI.
Attention:
The OBV support (green trendline channel) should not break.
😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
algo double topalgorand is a great project and have a planty of good news. now it made a double top (ignore that huge shadow) and can make its way to the top
ALGO USDT | Soon to be $2 | Positive FormationI am watching Algorand and studying its fundamentals since long. This blockchain is with strong basics and well planned future plans. If we see pattern in ALGO now, it seems very positive to me. We may see $2 range within 5-10 days.
Tip: We may LONG/BUY it and take profit after $1.95 level. Stop loss should be around this level. If you want to go for long term, Highly recommended.
ALGO/USDTThis is my trade idea, not an advise. I think it can go very high, but for now I prefer set the first target not too far. Waiting for breaking the resistance before entry.
ALGO with chances for +200% aganst BTCAlgorand is in a nice setup towards the downtrend-line - if it breaks chances are that we can see +180% from here within the next 90 days.
Even more realistic if Altseason is about to start.
The slim white lines represent support/resisitance-levels that we want to overcome.
Good luck.
Trade carefully.
Be happy with 10% every here and there.
Consider stop-losses
ALGOALGO has consolidated enough already. Getting ready for the next ATH.
S/R flip worked perfectly with hitting ATH on 1.618 fibo level and consolidating afterwards.
Needs to cool off momentum and will be ready for the next leg
algo/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
$ALGO ALGO appears to have a 3rd test of the 50 RSI (third time’s the charm) on the way as well as the MACD curling up, histogram is lightening. The triangle looks ready to pop and has reached its apex.
Unfortunately, the daily moving averages don’t seem to be giving any signs at least to me, so please point it out if you see something.
Despite this I’m overall bullish on Algorand & can see $5 easily
ALGOUSDT UPDATEHello friends ,
Welcome to our ALGOUSDT 1h chart updates .
As we are seeing in the chart. How the BULLISH WEDGE is forming.
Which is a sign of the UPTREND.
Thank you
And
God Bless You All!
BTC Thanksgiving Weekend ForecastMy projection for the direction of btc's price within our current range until the end of the month
KEEP EYE ON ALGOin my idea algo ready to move , so the first target is obvious on the chart , let see what happen next !
ALGO / USDT - Falling Wedge 1HHere is how I would trade ALGO / USDT 1H Chart in a falling wedge formation. Since the RSI is approaching overbought condition, I would wait for the price to move back into the falling wedge and bounce of the dotted lines.
If the price breaks the upper line of the falling wedge (again) - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 1.90$
TG2 - 1.98$
TG3 - 2.10$
TG4 - 2.21$
TG5 - 2.28$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
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About Algorand:
"Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
(...) Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol."
Source: Coinmarketcap.com
Correction is over: time to buy!Market wide correction is over! I expect a bit of sideways action of Bitcoin for the next few days and possible one more wick to the downside before blasting of to 70K+. I'm shopping altcoins and bagged up with:
LOW cap:
Benqi (QI): 2 to 10x potential (defi on AVAX)
Ultra (UOS): 2 to 10x potential (metaverse / gaming)
MID cap:
Quant (QNT): 2 to 8x potential (interoperability for institutional adoption of crypto / CBDC)
Loopring (LRC): 2 to 5x potential (layer 2 / trading)
HIGH cap:
Fantom (FTM): 2 to 3x potential (infrastructure)
Algorand (ALGO): 2 to 3x potential (infrastructure)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
long signal algorand We have a long signal in algorand,
in 1D and 4H chart,
on the area of important volume
stop loss of 15% or 10%
2 to 1 ratio
follow us on YT: Alex Cryptotrader
Algo Buy Setup Algo is Ready to Fly Again..
Entry below 1.800
Targets.
1.9600
2.2000
2.5000
2.8000
3.2000.
Stop loss :- 1.5900
ALGOUSD Fibonacci CircleI have drawn up some Fib circle describing a bullish move to a spot that has been a previous trend rejection point (red ovals)
Price comparison points can be drawn between the green ovals
Major trendline in bold white line
The Cup and Handle pattern is an addition that supports the bull idea
ALGO Amzing Shadow I had an analysis for this Quinn in the past and I was wrong to tell him that this position was wrong.
But now we see that after a while it reached exactly our goals and had its own movement until close to the final goal.
If you had it below, you could make a good profit.
Thank you for your support
Follow me on other social media.
Thanks
ALGO ecosystem Algorand is formally a public blockchain but sharpened to corporate culture for commercial use. It is headed by MIT professor Silvio Micali. He is a good acquaintance of Harry Gensler (current head of the SEC).
There is a possibility that only Ethereum and Algorand will be popular in a few years. Many other blockchains will simply occupy a small niche for their followers (Near, Solana, BSC, etc).
Ethereum will remain the main forge of new technological projects with open source and decentralization, while the commercial use of distributed registers will remain with Algorand.
ALGO operates an algorithm that releases additional ALGO into circulation whenever the MA-30 rises above its ATH. This artificially suppresses the price. It brings stability to ALGO, which is typically more attractive to forming large-scale partnerships but it discourages investors. Thankfully, this algorithm will no longer function beyond mid-2023.
Algorand has signed an agreement with the Government of El Salvador that the entire blockchain infrastructure of the country will be based on Algorand technology.
www.nasdaq.com
The most popular wallet - MyAlgo:
wallet.myalgo.com
The main DEX of the network is TinyMan:
app.tinyman.org
Graphs of this dex can be viewed here:
tinychart.org
The bulk of projects will launch by the end of 2021. The project tokens are scheduled for the 1st quarter of 2022. Therefore, you can use the testnets of Algodex, the Algofi landing protocol, leave an email for the presale of Folks landing protocol.
testnet.algodex.com
test.algofi.org
folks.finance
In a week, the Algomint bridge will open. It will work for free for three months, and then it will issue governance tokens.
www.algomint.io
The main dex Tinyman has not yet released its token (you know what to do for a drop). I'm sure there will be airdrops(retrodrop) because the main AMM attracted 20M investment. For what?
About the NFT segment - Opulous is good, but they already have their token.
opulous.org
Best regards,
EXCAVO
ALGO | #ALGOUSDT
Entry from now at 1.97 to 1.9
Safe Enter is to buy the breakout above 2.00
Targets:
- 2.1
- 2.24
- 2.45
Stop-loss:
Closing daily under 1.9
Recommended capital is not more than 3%-5%
ALGO Outlook Looks BullishHave been a big fan of Algorand here lately. Hard to find the channel, it's subject to change. However if it were to stay in this current channel then outlook for the next few years looks promising and a good buy and hold coin.
