Get started

Algo

Algorand Last Resistance at 40 centsAlgorand huge upside considering we keep up the same rate of growth from before. We should see $1.50 easy then $4 and beyond. They're just handing out free shares so we can have a good flow of shares for when it goes up. Market pushes up more when shorters take profit that's why it dips first then shoots up and also goes to resistance at the last second and then dips... What's the difference between breaking out at 25 cents or 35 cents if both times is moon. Ethereum only went up $100, what is this weakness.
Long
by rai_power
Too Good To Be True? Staking Rewards and the RecessionAs some analysts have predicted, the public's interest in crypto/Web3 projects have shifted from proof-of-work over to proof-of-stake, following Ethereum's "merge" a few weeks ago. ATOM and ALGO in particular did very well this week (though it did level off eventually) as what seems to be a partial migration of crypto money flowing from one area to the next. The pattern is just starting now so time will tell if it's a trend or a blip, but as we head further into a global recession, the idea of people "abandoning" stocks and other traditional fiat assets becomes more a possibility over time. We can look at some of the predictions being made right now in the industry, and its pros and cons. 1. Crypto Will Go Down With Fiat Given that crypto and the stock market have traditionally moved in parallel for the most part, it will continue to do the same during the downturn. This assumes that the low-interest rates of 2008+ onwards was also fueling the crypto hype and will follow the same pattern of prices plunging as cheap borrowing falls to the wayside. While there's certainly a case there, this assumes that the economy will behave "as normal" during the next downturn - which may bring a different type of risk to the table. 2. Money Will Flow into Bitcoin/Ethereum This is the main mantra of the "maxis" out there - they assume that people will lose faith in fiat as a whole, and convert their stocks/cash into a "reliable deflationary asset" like Bitcoin or (now) Ethereum. Deflationary assets - while some will call "ponzi-like" in its modeling - do objectively favor existing holders over newer ones, and can often cause problems with onboarding and long-term growth since it makes it more difficult for new money to come in. Given the two projects massive media/marketing presence last year, are there any more people out there to onboard? Probably not - but they are holding out for the idea that they will be proven right, one day. 3. Money Will Flow into "Cash-Like" Assets Like Dogecoin Traditional financial wisdom says that during recessions, "cash is king" - and we have seen some indication that money is starting to flow back into cash, especially the USD. (The USD is traditionally seen as the most "stable" and is typically where fiat assets flow into during recessions.) What does this mean for crypto? Well, up until now the narrative has been that out of the well-known coins out there, Dogecoin is the most "cash-like" since it's been actually used to buy and sell things at low costs. While the idea is interesting, DOGE has a few problems associated with it - that it still runs on proof-of-work (which is losing favor over time) and that being a fork of Bitcoin, it's technology is also being rapidly obsolete. (It cannot support NFT minting, for example.) There are plans for DOGE to move over to proof-of-stake eventually, but the timeline is TBD. 4. Money Will Flow into Staking Rewards As with ATOM/ALGO this past week, some lesser-known proof-of-stake coins have made its move - currently coins that offer competitive staking rewards are beating both the banks and the major proof-of-work coins, whom are simply unable to offer those types of rewards. ETH2 is now technically proof-of-stake, but its staking mechanisms aren't "liquid" - i.e. you don't know when you can get your money out. Some coins offer very high rewards (13%+) but is that too good to be true? Time will tell whether or not this model is sustainable or not. 5. Money Will Flow into Coins that Have Utility Arguably crypto's least talked about topic in public - coins that have real-life use-cases and actual products may start to see some gains as utility creates new converts over to particular projects. As the money for hype marketing strategies start to run low, many of the coins that have been running on it will start to drop out, making it easier for coins with real customers and revenue to stand out. Some coins have no value other than "store of value" - some coins have robust DeFi options but basically operates like an accounting firm - but there are a few projects out there that are attempting to expand into the worlds of direct applications. This is probably the most optimistic take on Web3's future as a whole, but the path of getting there isn't likely to be smooth - they don't call it "creative destruction" for nothing, after all. Of the projects out there, Tezos (XTZ) stands out as one of the few projects that have their hands in "everything" - with a diverse portfolio of projects in many sectors and brands across the world. (ETH does too, but their gas-fee problem has slowed technical and partnership development to a halt.) -- The actual outcome will probably some combination of the trends above, and is likely to get very complicated as time goes on, but I do think that it's important to keep an eye out for how key factions and ideas are circulating in the space right now since a lot of things are likely to change very quickly in the near future as we head further into what could potentially be the biggest global recession ever recorded in human history. "Higher numbers = good" has been the main focus of the crypto industry up until now but as time goes on we're likely to see more complex and nuanced takes on how the economy works and how Web3 fits into it as a whole. There might be some growing pains involved but this is how our understanding of economics matures, imo.
BITFINEX:XTZUSDLong
by RyanTanaka
Algorand (ALGO) - September 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether you can support and move up in the 0.3310-0.4253 zone. (1D chart) 0.4253 : volume profile point 0.3310: boundary point of the floor section 0.3091 : volume profile point Therefore, it is important to be able to support and move up in the 0.3091-0.4253 zone. As it has moved out of the mid- to long-term downtrend channel, if it finds support in the above area, I would expect a sharp move. However, if it fails to find support and falls below 0.3091, I would expect it to fall below 0.2140. However, as I mentioned in the description of the BTC chart, I think it is time for altcoins to gain support by increasing the BTC price by at least 20.7K. Therefore, before that, it is recommended to trade conservatively when trading altcoins. ------------------------------------------------------------ ----------------------------------------------------- ** 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. ** SR_R_C indicators are displayed 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.) ---------------------------------
by readCrypto
3
Reaching the first target in ALGO/USDT ✌😏Hello 😀 In the daily analysis of this cryptocurrency, which we mentioned in the post, after this cryptocurrency was supported in the support area of $0.28, the price was able to break its dynamic trend line (Dynamic Trend) upwards, which is followed by a pullback. It was able to reach its first target of $0.345. If the price is still above its dynamic trend line, it has the ability to target $0.36 and $0.38 (resistance zone). Also, with the loss of the all-important support area of $0.27, the price is expected to react to the $0.25 and $0.22 levels. Arztoday Team 🌈 Analyzer✍: AR.Rashidi
by arztoday
Algorand (ALGO) - September 20Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether it can rise above the 0.3310-0.4478 section. (1D chart) The price needs to remain above 0.3099 to transition into an uptrend. In order to continue the uptrend, it must rise above the 0.3642-0.3872 section. If not, there is a possibility that it will fall to around 0.2140. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (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.) ---------------------------------
by readCrypto
Algo fundamentalALGUTAND TEITIEM FIFA Launches NFT Platform on Algorand in Run - Up to World Cup ! ... With the 2022 World Cup just months away , FIFA , soccer's global governing body , has announced it will launch an NFT platform for soccer - themed digital collectibles . " Just like sports memorabilia and stickers , this is an accessible opportunity for fans around the world to engage with their favourite players , moments and more on new platforms , " said FIFA's Chief Business Officer Romy Gai , in a statement . so funda says , Algorand is now an apt option for possible growth , even in this bearish market for couple month ahead ! Technical POV : Although I've already analyzed Algorund on the weekly timeframe before , but also in the daily perspective , we can see more obviously , ALGOUSDT is trading on a support zone and struggling with a descending trendline , so if holds this current lvl and breaks out this line then can see higher prices and Resistance zones ! Good luck with your trading and investing and remember : Trade smart ... OR JUST DON'T TRADE ! I emphasize that this will happen if the analysis of the fund shows a reaction and is welcomed by the people, and there are still problems from a technical point of view
by dr_heidary
2
ALGO/USDT Analyst Daily 😮Hello to the respected members of Trading View🥱 ALGO daily time frame cryptocurrency analysis (logarithmic chart) In the daily time frame, we see the candle closing above the red trend line, and the price has also reacted to its static support area of $0.31. If the price stabilizes above the support area of $0.31, it will have the ability to realize the targets of $0.345, $0.36 and the resistance area of $0.38 (mid-term). Otherwise, with the loss of the static support area of $0.31, we expect the price to hit the red trend line and also react to the green area of $0.27 daily. Arztoday Team 🌹
by arztoday