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Algorand

Huge Opportunity on ALGO 🚀ALGO looking absolutely great, after being in consolidation for a long time is ready to PUMP. Looking extremely good, just need to wait for clear breakout with a good level of volume. In the meantime the massive ascending triangle will still going on, the more times we hit the resistance, the more likely it is that we will be able to break it and hit a new ATH. This will be broke in the next few days/weeks (max). As soon as we breakout this resistance the price target would be around of $2.6 and as you know after breaking ATH there is no resistance 😉. If we use the Fibonacci retracement the targets would be $3.2 and $4.3. Please guys be cautious but don't miss this awesome opportunity.
Long
by TheTradingBuddies
4
ALGORAND - Against BTC staking staking & staking Algorand (ALGO)’s main aim is to drive low-cost cross-border payments. Being a PoS protocol, the network needs stakers for security and transaction processing. Unlike Tezos, it uses the pure proof-of-stake (PPoS) consensus mechanism. However, it still requires stakers to run full nodes. Furthermore, there are third parties who support ALGO delegation. Staking rewards on these networks range between five and ten percent annually. Note that the rewards are influenced by the platform used. For example, those using Binance Staking enjoy an APY (annual percentage yield) of 8%. Rank #20 Coin On 373,858 watchlists Algorand Price (ALGO) $1.86 0.93% 0.00003045 BTC1.30% 0.0004137 ETH0.54%
by doqstrader
ALGO / USDT - Big triangle pattern. on the verge a breakout?Here is my take on ALGO / USDT 4H. We are witnessing a triangle formation with a potential breakout. If the ranging motion continues then we can consider the pattern as invalidated. If the triangle breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: TG1 - 2.08$ TG2 - 2.18$ TG3 - 2.26$ TG4 - 2.44$ 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!
Long
by Droz_TA
8
$ALGO Symmetrical TriangleRSI is showing strength maintaining above the 46 level. The 50-day MA passed up through the 200-day MA signifying a Golden Cross. MACD doesn't look the greatest but does appear to be moving in the right direction. Scenario A: break-out of the triangle, zoom towards previous ATH, contend with it momentarily and then make new ATH Scenario B: breakdown out of the triangle, fall towards 200-day MA or previous support. Which scenario do you think is more likely? Imagine when ALGO gets the market cap of ADA or SOL... Algorand would be at about $11 if that were the case based on current market caps at the time of this post. Weekly Chart:
COINBASE:ALGOUSDLong
by EBITDAtiger
ALGO to remain in correction phase above $1.75The Algorand price analysis shows that the ALGO/USD is correcting today. A decrease in price has been observed as bears are ruling the charts today. ALGO remained bullish for the last four days, and the price uplifted during that time but to a limited extent. Overall, ALGO has been following a wave pattern for more than a month and has been unable to break above the $2.3 level. Only one high swing was observed during the past weeks when ALGO went as high as $2.05 on 25th October, followed by a reversal of the same even higher magnitude when ALGO stooped down to $1.79 on 27th October. Since then, the price oscillation has been small.
COINBASE:ALGOUSDLong
by BernardMikhail1
1
ALGO - Critical Times!Hello everyone, if you like the idea, do not forget to support with a like and follow. After breaking the orange resistance, ALGO has been stuck inside a range in the shape of a symmetrical triangle highlighted in purple. For the bulls to take over, we need to see a break above the upper bound 2.13 marked in blue. In this case, a bullish trend continuation would be expected till 3.0 In parallel, for the bears to take over, we need a break below the lower bound 1.55 marked in red. In this case, a bearish reversal would be expected till around 1.0 where we will be looking for buy setups. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSD
by TheSignalyst
38
ALGO ---> C&H pattern - DIRECTION 7$Hello everyone ! 
 Today the Black Cat Trader is analyzing ALGO based on a weekly chart.  
 What we can see : Pitchfork : Prices are stuck under the intermediary lower line of the pitchfork Pattern : Prices are building what seems to be a beautiful Cup and Handle pattern. 
 What we can expect : - If ALGO manages to break the median line of the pitchfork, we can expect prices to reach the intermediary upper line of the pitchfork first. A pull back on the neckline of the C&H would be perfect to send ALGO to the last upper line of the pitchfork. - Note that the trend based fib extension gave us targets who match with our C&H and pitchfork final objectives. Major resistance 1 : Median line of the pitchfork Major resistance 2 : ATH —— Major support 1 : Lower line of the pitchfork Major support 2 : Long term uptrend (Green) —— TP1 : 3,49$ (1.618) TP2 : 5,23$ (2.618) TP3 : 6,98$ (3.618) TP4 : 8,72$ (4.618) IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER  
 MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Long
by Hector_Bienvenu
1
ALGO is ready to move up again.ALGO has been moving sideways lately but now it's ready to go up again. If you don't know what is ALGO here's some information i copied xD What Is Algorand (ALGO)? 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. The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token.
Long
by Belguteisama
Algorand (Sideways Trading)Algorand is still trading sideways after forming a Large Bull Flag Pattern (blue triangle) after seeing an increase of 187%. ALGO is now stuck in the green rectangle ( resistance zone ). Breakout expected to the upside, with a price target of $2.49-2.60 per Algo. The relative strength index was also trending down (during the formation of the Bull Flag ) however, the R.S.I is now stuck in the "resistance zone" as well. Trading is generally staying above the red-line in the R.S.I Chart (signaling an impending breakout possibly). Expect resistance at 80% on the R.S.I. [ b]Support at $1.70-$1.50, with a "floor" (high level of support) at $1.50. Ceiling at $2.00 (high level of resistance).
Long
by marcosdaunte