#ALGO Algorand breaking out this falling wedgeAlgorand has consolidated over the last week in the form of a falling wedge, which has broken out to the upside today. We are starting to see a slight uptick in volume today on the break which is encouraging. This should trade back to the previous highs seen in September of approximately 0.41. stop close below 0.30
Algo
[UPDATE ALGO] A lot of alts are going to do this in November?Algorand move:
1) as soon as we cross 0.38 --> 0.43 is fast in my opinions
2) my gut tells me 0.43 is going to be easy, so the next natural target is 0.50 which is the mid-range (macro)
3) we can have a deviation on the upside up to 0.70 if BTC behaves in November
This is true for Algo and for many other alts.
Algo USDT Long 💥👑Hello Success, today I want to talk to you about ALGO /USDT.
The price has formed a walling wedge and is moving towards target
The price can try to break the resistance line.
I expect that the price will continue to rise and break through the resistance line, after which it can reach the level of 0.4740, where I see our target.
I expect such a scenario.
This is an article, not financial advice, always do your own research.
If you still have questions, you can write it in the comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
Algorand (ALGO) - November 5Hello?
Welcome, traders.
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Please also click "Boost".
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(ALGOUSDT 1W Chart)
The key is whether it can be supported by rising to the 0.4253-0.6132 section.
(1D chart)
The key is whether it can find support near 0.3853 and move above 0.4253.
If it doesn't, it is likely to drop to around 0.3421.
A volume profile section is formed over the section 0.4253-0.6132.
Therefore, if it rises above this section, it is expected to show a full-fledged upward trend.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ALGORAND - FIFA WORLD CUP ⚽️🏆Just an updated chart and renewed interest in previous idea :
We live in the age of marketing amongst other things... including Blockchain.
I like to buy the news at the right level, based on my chart. ALGORAND chart today looks like this could be the time. After all i was short when most were buying those Fifa news earlier than they should had:
ALGORAND - 0,519 is MAJOR Resistance
FIFA WORLD CUP:
As you probably already know FIFA has teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal.
The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. As per the sponsorship agreement, Algorand will be a FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor.
Blockchains allow non-editable data to be permanently recorded and distributed on digital networks, while also facilitating innovations and ensuring safe, untampered exchange of value and assets such as non-fungible tokens (NFTs), and through blockchain-enabled wallets holding digital assets.
As part of the agreement, Algorand will also assist FIFA in further developing its digital assets strategy, while FIFA will provide sponsorship assets including advertising, media exposure and promotional opportunities.
On the occasion of the announcement, FIFA President Gianni Infantino said: “We are delighted to announce this partnership with Algorand. The collaboration is a clear indication of FIFA’s commitment to continually seeking innovative channels for sustainable revenue growth for further reinvestment back into football ensuring transparency to our stakeholders and world-wide football fans – a key element of our Vision to make football truly global. I look forward to a long and fruitful partnership with Algorand.”
Take it easy but watch out for the potential breakout.
One Love,
The FXPROFESSOR
PS. Don't forget about this:
ALGORAND- Dancing with El Salvador 🕺
and also remember to always take profit on time...
One Love,
The FXPROFESSOR
TOKENS RELATED TO FIFA WORLD CUP 2022 🏆Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As the World Cup 2022 gets closer, here are the tokens that I believe will get more exposure in a way or another.
I have got three tokens on the list for now. Please let me know if you are aware of any other tokens to add it in the update section of this post.
📌 CHZ - Chiliz
🗒About CHZ:
CHZ is an ERC-20 token that runs on an Ethereum-based Chiliz blockchain. The token serves as currency that allows users to purchase NFTs at Chiliz' Socios fan token marketplace. There would be no CHZ token without Socios.
ChiliZ token (CHZ) is the official, exclusive utility token that operates on the Socios.com fan voting portal. Using this platform, sports and e-sports enthusiasts can participate in the management process of their favorite teams, leagues, games, and events.
📉Technical Analysis:
CHZ has been stuck inside a big range in the shape of an inverse head and shoulders pattern.
For the bulls to take over from a long-term perspective, we need a weekly candle close above the gray neckline (around 0.3) which is also a support and resistance zone.
Meanwhile, as we approach the green support again, I will be looking for short-term buy setups.
📌 ALGO - Algorand
🗒About ALGO:
FIFA has teamed up with blockchain technology company Algorand to agree a sponsorship and technical partnership deal.
The agreement means Algorand will become the official blockchain platform of FIFA and provide the official blockchain-supported wallet solution. As per the sponsorship agreement, Algorand will be a FIFA World Cup Qatar 2022™ Regional Supporter in North America and Europe, and a FIFA Women’s World Cup Australia and New Zealand 2023™ Official Sponsor.
Source: www.fifa.com
📉Technical Analysis:
ALGO has been stuck inside a horizontal range for a while. Thus, for the bulls to take over from a long-term perspective, we need a momentum daily candle close above the upper bound of the range (gray zone) around 0.425
Meanwhile, as ALGO approaches the lower bound of the range, we will be looking for short-term buy setups on lower timeframes.
📌 CRO - Crypto.com
🗒About CRO:
FIFA has announced that Crypto.com will be an Official Sponsor of the FIFA World Cup Qatar 2022™.
Founded in 2016, Crypto.com today serves more than 10 million customers and has over 4,000 employees across its offices in the Americas, Europe and Asia. The company, which is built on a foundation of security, privacy and compliance, is designed to accelerate the global adoption of cryptocurrencies through its service offerings.
Crypto.com will activate its official sponsorship of the FIFA World Cup Qatar 2022 in many ways, including by providing opportunities for new and existing users to attend matches during the tournament or win exclusive merchandise.
Source: www.fifa.com
📉Technical Analysis:
CRO is retesting a long-term support zone in green so we will be looking for buy setups on lower timeframes.
For the bulls to take over from a long-term perspective, we need a momentum weekly candle close above the last major high in gray around 0.17
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
The best day to buy Algorand, 2016 repeat, end of altbear marketNotice the repeating pattern from March 29th Midnight GMT. This is the bottom. Alt season is about to start as Bitcoin Dominance plummets. Ripple and Institutional Blockchains like Algorand and Vechain are about to take over the space.
This is it, the great reset is set to start as early as March of 2021. Check IMF reports, a massive Gold sell off is coming.
Algorand Diamond BottomAnother idea that I have is algo diamond bottom pattern, in addition to my old idea of brodeading bottom pattern posted months ago. On logarithmic chart you can see the target, according to textbooks.
ps\ FIFA is in November, in case if anyone needs the news to justify that possible price increase.
Algo pump before World Cup in Qatar?BINANCE:ALGOUSDT
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Algo is official partner FIFA, and in next month we will see major football event last 6 years. And its first time we will see World Cup championship in Qatar and in autumn (before it always was in June)
The idea is, hype around Algo and coins like CHZ bring a lot of attention to this coin.
Possible Targets and explanation
➡️Since January step by step big players accumulate ALGO (you can see on Direction indicator)
➡️We trade in -0.27 zone by fib
➡️More than 230 Days in accumulation phase
➡️Got a not strong but first signal to buy on D1 timeframe
➡️Marked first possible target to take profit.
➡️Daily downtrend line retested.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
* Look at my ideas about interesting altcoins in the related section down below ↓
* For more ideas please hit "Like" and "Follow"!
ALGO Buy Setup.Hello, dear TradingView members.
This is an ALGO idea.
ALGO is showing good buy opportunities.
I'd suggest this buy setup for a long-term trade. You can enter with a 5x leverage (max) or 1x (spot).
Entry: $0.3475
TP: $0.5010
SL: $0.3032
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
ALGO - Wait For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
DAILY: Left Chart
ALGO has been stuck inside a range for a while.
For the bulls to take over from a long-term perspective, we need a break above the upper gray area (upper bound of the range)
Meanwhile, as we are approaching the lower bound of the range, we will be looking for buy setups on lower timeframes.
H4: Right Chart
From a medium-term perspective, we have been bearish making lower lows and lower highs.
For the bulls to take over, we need a momentum candle close above the last major high marked in green.
Meanwhile, until the buy is activated, ALGO can still trade lower till the gray zone where we will be looking for new buy setups.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SOLUSDT - 'SMS' Stragegy opened longChecked my trend-catching strategy and it's surprisingly doing really well. Good profit factor, EV+ and number of trades (for a trend strategy). Ofc it can be improved, drawdown doesn't look exciting and some trades can be closed better it seems (on the other hand it can broke the algo). BUT if to check trades, there're enough decent catches (for example, highlighted short on the chart). And for a long period of time (2020 - 2022, for example, it's still good)
Will see if it be able to catch the next big move. In the long position atm.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
Algorand (ALGO) - October 18Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
-------------------------------------
(ALGOUSDT 1W Chart)
The key is whether it can rise above the 0.3310-0.4253 section.
(1D chart)
The key is whether it can be supported by rising above the 0.3310-0.3425 section.
In order to continue the uptrend, it must rise above the 0.3722-0.3938 section.
If it goes down, you should check to see if it finds support at the 0.2865-0.3091 zone.
The 0.3310 point or lower is most likely a mid- to long-term investment area.
Therefore, it is important to keep the price above 0.3310.
However, since the volume profile section is formed around 0.4253, it is recommended to trade from a short-term perspective until it rises above 0.4253.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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