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Algorand

ALGOUSDT TECHNICAL ANALYSIS 01122021How the Risk/Reward Ratio Works In many cases, market strategists find the ideal risk/reward ratio for their investments to be approximately 1:3, or three units of expected return for every one unit of additional risk. Investors can manage risk/reward more directly through the use of stop-loss orders and derivatives such as put options. The risk/reward ratio is often used as a measure when trading individual stocks. The optimal risk/reward ratio differs widely among various trading strategies. Some trial-and-error methods are usually required to determine which ratio is best for a given trading strategy, and many investors have a pre-specified risk/reward ratio for their investments. from investopedia No investment advice...
Long
by volkancetin
3
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! -------------- 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
Long
by Droz_TA
4
ALGO and Dow Theory Trading Strategy (CRYPTO VERSION) The accumulation phase is the starting point of a new trend where the smart money is buying into a stock. Then we start pushing up which attracts the eye of the general public aka the retail traders. At this stage, everyone starts to pile in before we reach a climax point. Uninformed investors continue to buy while at the same time smart money sells their stocks which forms the distribution phase. Ok.look at the Algorand chart. Are we in the second part of the story?
Education
by wikipedram96
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
Long
by EXCAVO
22
Algorand could breakout anytime$ALGO has been lagging behind in price action lately, after a pullback from it ATH of $2.50 level. A symmetric wedge is currently forming on the daily chart, and with Bitcoin being pumped about 15-20% since last week, it time for money to enter alts. With excellent technology and fundamentals $ALGO is comparable to the likes of $ADA (Cardano) which currently captures approx 70B market cap. Short term: ATH coming soon, Medium term: I see $ALGO going up to $8-$10
Long
by moneek91
$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.
Long
by Crypto4light
1