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Algorand

ALGORAND- Next to Pump 🕺ALGORAND has been extra volatile with a huge pump and dump candle just a few weeks ago. At this stage the rice has just broken over resistance and could possibly fly higher. News: Algorand Surges as Foundation Incentivizes DeFi Activity on Algofi The announcement of liquidity rewards for a product built on Algorand put ALGO tokens among the few gainers on (last) Thursday. The move came hours after the Algorand Foundation, which oversees development on layer 1 blockchain Algorand, announced a $3 million incentive program for Algofi, a decentralized finance (DeFi) platform that relies on smart contracts to offer low-cost lending and borrowing services to users. “Through a partnership with the @AlgoFoundation Aeneas DeFi Fund, Algofi will be launching a rewards program of $3MM (2MM $ALGO),” Algofi noted in a tweet this morning, adding the incentives will run for active users through the first quarter of 2022.
Long
by FX_Professor
3
ALGO/USD ChartHi, I try to post often so if you could follow and like it would mean a lot to me. ALGO is very bullish right now and is ready to move towards 2$. The FOMO on the coin is amazing, the 4H and 1D charts are looking amazing. The coin broke the 1.50$ resistance a few days ago, and after having a bullish retest, the coin looks ready to skyrocket. I don't have to much to say, but right now BTC is moving sideways in between the 45K-48K, and the best way to be profitable right now is in alts that are showing strenght (like ATOM and ALGO). Please comment what you think and check my recent ideas!
COINBASE:ALGOUSDLong
by Devan-CryptoCharts
ALGORAND bucking the trend, how long?The crypto asset ALGO or Algorand has been bucking this short term downward trend we are seeing in top cryptos (BTC, ETH et al.) ALGO is #18 coin by market cap which is $10B How long can this continue? Not long I think. Historically "alt coins" or basically anything other than Ethereum or BTC, run up faster when the market is on a bull trend, and they get hit harder on a downtrend. There are many examples but maybe non better than ADA/USD in Jan. 2018 reaching as high as $1.20 and then crashing to $.35 in Feb 2018 followed by $.18 in March 2018. Eventually ADA tried to push up in following months but ended up in a $.02-@.04 for a lengthy period and then traded in a $.04-$0.13 channel until fall 2020 when BTC/crypto bull run started. You can see that I have pointed out long wicks on top of the strong hours of this ALGO rally. Also I have pointed out that the MACD is above the signal line (bullish) and both the MACD line and signal line are above 0 (bullish). To me these "bullish" signals do not mean that ALGO will continue to buck the trend. It means that it's possibly a good time to short the asset. Will continue to watch close and update here if I see any changes. *it also means that ALGO has more room to fall and more profit to be made from short selling vs other assets. Please be cautious and DYOR, this isn't financial advice, just my analysis.
Short
by CryptoSlayerFX
update ALGO BTC pairdidn't go the way I wanted. My stop hit and didn't get a chance to re-enter due to the strong bull momentum. But it will undoubtedly come. I am now going to turn my attention to the BTC pair. The BTC pair looks very bullish on the weekly and daily. That's why I like to be in a long position. If I get the chance to get in 0.00003, then I will go long. otherwise I'll wait and see how the price develops at the first red box. A test of the blue line must happen before the bulls will push further. Better safe than sorry.
Long
by BullzeyeG
Charts Are Telling Us It Will Be Another Powerful Reversal MoveHi friends hope you are well and welcome to the new update on Algorand (ALGO). channel and stochastic: The priceline of Algo started the formation of a big channel on weekly time frame in Dec 2020 and since then the support of this channel is not broken down. It can be noticed that whenever the priceline is reaching the support of this channel and the stochastic goes in the oversold zone, Algo starts big rally and this time the same action seems to be repeated as the priceline of Algo has started a reversal move from the support and stochastic is oversold. Channel within a channel: If we take a look at the daily time frame, then there is another channel formed within a big channel. Therefore, in order to start a big reversal, Algo needs to 1st breakout the smaller channel. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
Algo going back to 1$ ?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. Possible Targets ➡️Test fundamental price 1$ and global support trend line ➡️ Retest on D1 downtrend fib line ➡️ Retest 0.23 level FIB to make a continuation move UP ➡️ After retest target by end of Bull Run 5.52$ ➡️Pattern since 2019 cup and handle already played. 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. Don't forget sub and join my channels under this idea!
by Crypto4light
ALGOUSD - Bullish idea on the daily timeframeHello traders and investors, Today we have looked at the ALGO / USD pair. Assuming that 2020 March low is the beginning of a primary cycle (purple) and that 2021 February high is the beginning of extension in primary wave 3 (hence intermediate blue wave 1), I can only be extremely bullish that we are in a 1-2-1-2-1-2 pattern that is unfolding towards new (incredible) high. Looking at possible targets, I see a confluence of Fibonacci for primary pink 3 (2.618) and possible ends of intermediate blue wave 5 (200%). This is a bullish idea that still needs to unfold in the next couple months. What's your target?
COINBASE:ALGOUSDLong
by Dry-Storm
4
Algorand (Algo) - Gearing Up for Something Big.Hi everyone, Algorand is a promising project with a great team. The chart also looks fantastic, being in a very pronounced uptrend since around April 2020. This uptrend has involved previous resistance being turned into support, something which I believe is happening now. Due to the promising nature of the project and it's having a very modest market cap of $8 billion (lol), I believe that Algorand will go much higher. How much higher is difficult to say, but assuming a total crypto market cap of between 6-12 trillion $ by the end of this bull market, and assuming that Algorand continues to gain market share relative to its peers in the top 20 (from projects like litecoin, cro, and xrp for example), a market cap above 40 billion seems exceedingly likely, and thus an Algo above $5. Watch this space. Take care everyone and happy holidays! Jason
COINBASE:ALGOUSDLong
by JasonMP91