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ALGOBTC

Algo possible bull flag and descending triangle breakout?In this analysis we will be going over algorand flag pattern that could potentially be breaking ALGO out of the larger descending triangle . Algo has recently triple bottomed, is currently forming a bull flag and is looking to jump out of a descending triangle . If the top of the bull flag resistance line is popped the price action will head upward the same length of the bull flags pole. This would break the price action out above the macro pattern of the descending wedge pattern we have been in for 2.5 months. Currently the price action is bouncing off of the .5 fib line after the retrace from the recent high (the resistance line of the descending triangle ) that helped formed the macro descending triangle formation Algo is currently in. This one looks ready to move as long as Bitcoin plays nicely. Have a green and prosperous week!
Long
by Savvythe1
Algorand (ALGO) - July 18Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSD 1W Chart) If the price holds above the 0.76754798 point, we expect the uptrend to continue. (1D chart) If the price is maintained in the 0.65798713-0.92350974 range, it is expected to turn into an upward trend. If it falls in the range of 0.52522584-0.65798713, there is a possibility of entering the mid- to long-term investment area, so careful trading is required. A move above the 0.92350974 point would suggest a move to break above the downtrend line. ------------------------------------- (ALGOBTC 1W chart) If it rises in the sideways section of 1075 Satoshi-4309 Satoshi, it is expected to create a new wave. (1D chart) If the price is maintained in the 2374 Satoshi-2792 Satoshi section, it is expected that the upward trend will continue. If it falls from the 2374 satoshi point, it can touch the 1747 satoshi-1956 satoshi section, so Stop Loss is necessary to preserve profit and loss. However, since it will be located within the section that previously showed the volatility of the 716 Satoshi-3888 Satoshi section, you need to think about how to set up a buying opportunity. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L : Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section (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.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:ALGOUSD
by readCrypto
Algorand Ranked Top 3 Worth Trillions: Altseason RoadmapNote from the future: How did $Algo end up dominating 20% of the total market capital in crypto out of 10 trillion reichsmarks in the bubble peak while it doubled its supply through 2021? I wish I had known so I could've bought some under a dollar, I would be king in times of depression. Irrational Roaring Market, how was I supposed to know Mastercard, paypal, facebook, amazon, visa and 16 governments were going to use this technology, how was I supposed to know CBDCs would be launched in 2022. How was I supposed to know the digital dollar was being introduced in a myserious MIT project. I'm just backward rationalizing here, nobody could anyone know, it was impossible to know at the time.
Education
by axelrodd
2
Algorand (ALGO) - June 15Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSD 1W Chart) If the price holds above the 0.76754798 point, we expect the uptrend to continue. (1D chart) We need to see if we can move higher from the 0.92350974-1.18903235 zone and move above the downtrend line. If it finds support by moving up to the 1.18903235-1.32179365 section, it is expected to lead to further upside. However, if it declines, it is expected that the downward trend will continue, so careful trading is required. ------------------------------------- (ALGOBTC 1W chart) To create a new wave, it must rise above the 4309 Satoshi point. It remains to be seen if support at the 2452 Satoshi point can be found and continue the uptrend along the uptrend line. If it falls below the 1970 Satoshi point, it may take a long time to rise as it enters the mid- to long-term investment area. Therefore, careful trading is required. (1D chart) It remains to be seen if we can climb to the 2792 satoshi-3000 satoshi section. If it falls from the 2374 Satoshi point, Stop Loss is required to preserve profit and loss. If it does not fall below the downtrend line, it is likely to rise, so careful trading is required. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L: Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (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.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
BINANCE:ALGOUSD
by readCrypto
ALGO - expect a rallyHello everyone, Today I'm covering Algorand (ALGO), both BTC and USDT pairings compared, chart maybe unclear for some but let me explain what it tells me. VS BTC I see a mid-long term uptrend forming, MACD and MA's on the ALGO/BTC chart tell me it's time for Algorand to start flourishing. Versus Bitcoin, Algorand got left behind in the run but is now testing new levels and holding new highs, this you can see on the daily chart. For this example/idea I used the weekly chart to show the potential hiding in this pair. The reason I dare to make these statements is when I look at the USDT chart. VS USDT we already saw a nice run and hold the new price range very steady, been consolidating for since the middle of February and all oversold indications have been reset, when looking at market cycles of other coins I can start to compare and see what the possibility really is. When using the FIB extension on the daily TF and compare these VS the BTC pair I see 4 big targets in a 3-6 months time range. - 0.618 Fib extension: $2.82 - 1.618 Fib extension: $4.43 - 2.618 Fib extension: $6.05 - 3.618 Fib extension: $7.67 This is not a 2 day trade and this is no advice. Staying cool and holding this coin tight is what I'm doing personally. Ride can be bumpy with some deep corrections. Good luck
Long
by Dmoootje
The curious case for #ALGO #AlgorandSteady as she goes nice and slow right to the moon... eventually. Slow accumulation channel for the inevitable future? and I'm okay with the steady gains in fact i'm down right happy. Trending with on chart analysis, more and more folks are jumping into the passive income train through staking (ie high dividend re-drip investments). This is quickly making ALGO a go-to coin for hedging a savings account against fiat. I will be watching #Crypto Algorand's career with great interest. What do you think about COINBASE:ALGOUSD future? And dont forget the COINBASE:ALGOBTC looks just as promising! -Cheers Bruce
COINBASE:ALGOUSD
by goodluckbruce
1
ALGO: on the verge of a very powerful move !!!ALGO is a very very good project that has been adopted by the Marshal Islands for their currency. The federal reserve has deep ties to the project and the best engineers have left IBM to work on this project. ALGO will be huge ! ALGO pays 7.2% interest by simply holding the currency in the wallet. Price has been basing out against bitcoin for 18 months and has established a solid uptrend since January of this year 2021. It has been forming a bullish ascending wedge. The movement is SO BULLISH that it seems that it sometimes gets "OFF THE RAILS" and price has been SKIDDING and forming like waves around the bullish ascending wedge... .... lately it had broken out above the wedge, has been pushed down below the wedge and recently has started to make a very bullish move "around-the-apex" !! (green brushed line) Everything is signaling that ALGO could be ready for a shocking move !! Invest accordingly and safely !!
ALong
by Dangermousebanana
4
Algorand (ALGO) - May 12Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSD 1W chart) (1D chart) We should watch for movements that deviate from the 1.32179365-1.72007755 section between around 11th and 16th May. In particular, it remains to be seen if it can rise above the 1.47009413 point. If it falls at the 1.18903235 point, a Stop Loss is needed to preserve the profit and loss. -------------------------------------- (ALGOBTC 1W chart) (1D chart) 2374 Satoshi-2792 We must watch for any movement that deviates from the Satoshi section. In particular, it remains to be seen if it can rise along the uptrend line. If you fall from the 2374 Satoshi point, you can touch the 1970 Satoshi point, so you need to trade carefully. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:ALGOUSD
by readCrypto