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
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.
$ALGO cup and handle pattern since 2019BINANCE:ALGOUSDT
Look at this cup and handle pattern forming since June 2019. This is perfect TA pattern which give us potential move upside to 5.50
(1.618 Fib) Also we just trade exactly on 0.5 level FIB in monthly timeframe . In local timeframe we have a higher low and lower hight so we are forming triangle with potential upside break out. Target of this break out 3.42. Since September 6, we trade also on 0.5 level FIB. More details marked on chart!
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 video was made for educational purposes only not for financial Investment Purposes.
MY MINIMALIST CHART ANALYSIS FOR ALGORAND $ALGO
ON TRACK WITH OUR TARGET AREA OF VALUES
11.18.21
1422H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
VITAL SIGN A-OK, WE WILL FINISH THIS SWING.
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
We are now looking at an ENTRY that we can TOP-UP for our Investment FIB 0.618.
Congratulating all those who have climbed the SWING together with me.
REMINDER:
INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
You can CLICK AND hold THE CHART and PAN or DRAG IT.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS,
and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share.
Vive Le Autist!
Vive Le Egalitarianism!
ALGO usdt - Crazy CandleYesterday we saw a massive wick spike for Algorand.
Huge buy support that is only now just starting to cool off.
Great project and a good buy, expect to see more great prices from ALGO.
