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.
Algo
ALGORAND- Dancing with El Salvador & Switzerland🕺 (p4)21Shares Announces Listing of Polygon, Avalanche and Algorand crypto ETP on SIX Swiss Exchange
Algorand price soared over 50% to new two-year high
Algorand (ALGO) — the native cryptocurrency of the Algorand blockchain — soared 50% from just under US$1.70 noon Asia time today to a new two-year high of US$2.66, according to CoinGecko data. But the surge was short-lived, with ALGO currently trading just under US$2 as of publishing time.
Fast facts
Algorand’s surge came as Korean cryptocurrency exchange Upbit announced the listing of the South Korean Won (KRW)/ALGO trading pair on its platform. Upbit, South Korea’s first licensed crypto exchange, dominates the Korean crypto market with a market share of over 80%.
Algorand is an open-source, public, blockchain-based network that supports a wide range of applications. The blockchain, which was launched in June 2019, uses a “pure proof of stake” (PPoS) algorithm invented by its founder Silvio Micali, an MIT professor.
In September, Algorand crossed the US$2 mark for the first time in two years following news that Koibanx, a Latin American asset tokenization and blockchain financial infrastructure company, had signed an agreement with El Salvador to develop its blockchain infrastructure on top of Algorand’s technology. Algorand has also been expanding its use cases in decentralized finance (DeFi), non-fungible tokens (NFTs) and central bank digital currencies. The blockchain currently has over US$80 million in total value locked in DeFi protocols, according to DeFi Llama.
Algorand is currently ranked the 19th-largest cryptocurrency with a market cap of US$12 billion, according to CoinGecko data.
Algorand’s Decipher event, which brings together Algorand’s developers, investors and stakeholders, is scheduled to take place from Nov. 29 to Nov. 30 in Miami and online.
Someone might have done us a favor today, dumping it after such an increase in price. It looks like it will start Pumping again!
Go ALGORAND!
the FXPROFESSOR
ALGO updateStructure may be with the complicated wave B as show on the chart
wave B broke A, therefore we may get a running flat, that is likely complete.
Just look at this wow trading zone! This is just proof that my strategy always works! Just look at this wow trading zone!
ALGOUSDT Descending Triangle Breakout | 80% Move ExpectedALGOUSDT Descending Triangle Breakout | 80% Move Expected
ALGO was in the correction phase since September 12, 2021, after successfully creating ATH at 2.5499. Now, ALGO has broken the Descending Triangle Pattern and seems bullish from the current price of 1.7431.
NOTE:
1. Q4 Started and highly volatile
2. Do your own analysis
3. High risk involve in this trade
4. Spot trading only
5. Take very low risk
Disclaimer: I will not be responsible for any of your loss or profit.
Buying Zone: 1.7454 - 1.8000
TP1: 1.8615
TP2: 2.0496
TP3: 2.3858
TP4: 2.7460
New ATH | Final Target: 3.1855
SL: 1.5534
Net ROI: 75% - 81%
Trade Risk: 11.38%
NOTE: Do not use more than 15% risk of your account.
ALGO rejected 3 times........I get long 10x at 1.85. probably will be liq BUT if it clumb price target will be around 2.25 for 200% profit
Cup and handle pattern in ALGO ☕️Hi Guys
As you can see in the chart, a strong Cup and handle pattern is formed in the daily time frame, and then we have a Wedge pattern, which will indicate the strong bullish movement of this currency in the coming month.
I hope you are successful and profitable.
ALGO/USDTBuying ALGO here ,
Breakout & retest is done on daily time frame.
Targets on chart.
NOT FINANCIAL ADVICE.
Algo has reach the bottom of this correctionAfter the correction that we just saw, it is just a matter of time before we bounce right back up.
My entry point is right now $1.69 the RSI is very low the MACD is also very low indicating a promising bounce.
The next few hours are important, if BTC can hold the line at $60K then we will see a quick turn around.
If the support breaks, the next stop is $52K so it will take a bit longer to recover.
We have 2 supports, one at $1.49 and another at $1.19, but I really don't think we will make it to that and this is why I prefer to get in right now, even if it will drop a little further still.
TP1: 2.03, (50%)
TP2: 2.23, (50%)
ALGO POP SOON. Impending Breakouts EVERYWHERE in Crypto. Just another trade I am taking in ALGO. Pennant flag breakout with rising MACD and MAC above ZERO line. Price has retraced to support and appears to want o breakout higher soon. RISK 1% on trade.
Entry = $1.87475
SL = $1.69454
TP = $3.48
R = 8.88
ALGO - Key level▪Perfect retest on a demand zone,
▪This current level need to hold,
▪Consolidating above 1.65 is very good.
#ALGO long !!!Multi-month support level on Algorand was held during today's dump. After the bears couldt broke through the level, bounce will likely continue and reach the resistance level at 2.4$
Long Term ALGO TargetsLooking for new highs to ~$#.25-3.30
Good change to retest former resistance around 1.75 prior to blast off
ALGOUSDT 15Min Long (2x 5% profit)ALGORAND price breaks the dynamic resistance , arrow shows the target
first target is $2
second target $2.12
this is not a signal be carefull
if you know what you do SL is ($1.9383)
Godbless
ALGO - Trade This Channel!Algo has been within a channel since the start of October and every time it reaches either extremes of the channel, we get a really nice reaction.
We are looking for a similar reaction this time round.
Trade Idea:
- Watch for price to come back to the channel support and show bullish momentum
- Enter with stops below the channel
- Target the recent highs as first target and channel resistance for second targets
ALGOUSD - updateMost likely price is still in the wave B. As such, it will test the prior high, and make a harsh move down in the wave C to complete a large flat.
It will be a huge daily corrective pattern before the next bull run.
$ALGO could test previous ATHIf it does test the ATH it may not break through it on the first try, it will probably be the second unless it comes in with incredible volume and velocity. If it doesn't break out it could break down to the 1.87 level, the lower bound of the pennant/triangle.
My money's on Algorand breaking out and flipping ADA then ETH.
ALGO with symmetrical triangle breakoutALGO with a symmetrical triangle breakout. I decided to mix it up and include some Elliot wave theory. It looks like the first impulse is over but the second impulse is just beginning. Mind you if it had the same market cap as ADA it'd be at $10.80 (at the time of this post)
Looks like we could be heading to the high 3's and maybe even break into the low 4's with Algorand.
*HYPOTHETICAL* Just want to see how it turns out when you combine wave theory with traditional TA, like h&s or triangles.
No bs, I am the most bullish out of every crypto out there. even bitcoin
ALGO cup and handle and trend lines#ALGOUSDT
$ALGO shaped cup and handle pattern that the targets is around $3.
there are trend lines that price is trading below a line, breaking out from the current line will lead price to $3 in mid term.
but if price stay below this ascending line, possible to drop to support zone and even lower.
