Algorand ($ALGO) Upward Price ActionIt is hard to ignore the Algorand ($ALGO) BULLS. Phenomenal upward price action despite BEAR-ish energy in the overall market
Algorand
the legand ALGO!!!ALGO is lagend now. i published the previous idea at $1.18 and now it is $1.69. we completed a tea-cup formation and already made %45 profit.
Is it end?
There is a another huge tea-cup formation. If we can break out the $1.80 resistance, I will be bearish till $3.5, %96 profit.
But be careful and don't forget stop-loss
Dont lose your hard-earn money easily.
ALGO/USDT Preparing for a major breakoutAlgorand looking bullish despite market correction. Wait for the breakout for confirmation to enter.
This is not financial advice please DYOR. Keep an eye on market correction and manage your risk according to your trading style.
ALGO- How our Levels worked During today's 'Storm'Massive dip today, probably well orchestrated too with billions of dollars lost in liquidations.
Let's take a step back and see how our levels works.
Look at our previous ideas below for comparison.
No love today,
the FXPROFESSOR
MY MINIMALIST CHART ANALYSIS 9.6.21
Indicated are key levels of support and resistance using small and large range boxes.
Watch out for patterns, EMA, and your Fibs.
Further Analysis on price action is required on a 1HR-4HR chart when entering or closing a trade, depending on your risk appetite and trading style.
Disclaimer: The findings/predictions of the following analysis are the sole opinions of the publisher of this idea and should not be taken as investment advice.
ALGOBTC Upward Breakout - UpdateThe breakout is done on ALGOBTC and we expect higher levels in the next weeks.
See also:
$ALGO/USDT LONG $ALGO/USDT
Direction: LONG📈
After destroying its previous targets, this killer gem is expected to not only break our previous mid term highs but reach new long term and potentially All-Time Highs🚀🚀
ENTRY: 1.05 - 1.14
OTE: 1.117
TARGETS
Short Term: 1.165 - 1.195 - 1.24 - 1.28 - 1.32
Mid Term: 1.38 - 1.46 - 1.58 - 1.72
ALGO's DECISION (2 WAVES)...!The Algorand has 2 decisions. We must see if it can break its dynamic trend resistance line or not. Stay tuned for more updates. Thanks
ALGOUSDT Is Ready to PumpAfter breakout event in ALGOBTC chart (please see the following link), it seems that ALGOUSDT is preparing to reach targets higher than $4 by the end of the year.
ALGOBTC Upward Breakout (Buy Signal)It seems that ALGOBTC chart is breaking out the triangle pattern from its top edge. If such a breakout gets fixed, it may be considered as BUY or LONG SIGNAL on ALGOBTC chart by the end of the year (please see my ALGOUSDT analysis too)
ALGORAND- Dancing with El Salvador 🕺Events:
El Salvador to Launch Government Blockchain Infrastructure on Algorand This Year
The country has signed an agreement with Latin American asset tokenization company Koibanx to allow official records to be hosted on the blockchain.
El Salvador’s government has signed an agreement with Koibanx, a Latin American asset tokenization and blockchain financial infrastructure company, to develop the country’s blockchain infrastructure on top of the Algorand blockchain.
The ability to store official documents digitally on top of the Algorand blockchain will come before the end of this year, Koibanx CEO and co-founder Leo Elduayen told CoinDesk.
This could be great news for ALGORAND and the chart can help us explore this opportunity.
One Love,
the FXPROFESSOR
ALgorand Algo operates almost independently of the news except technology news
Because of its short lifespan, most of its owners are early buyers who bought only on the basis of the technologies it initially introduced, as a result other news such as summits or listing in exchanges or cooperation with governments for its owners aren't important or at least for them it was Predictable
ALGO double bottom .65 FIB bounce ALGO double bottom .65 FIB bounce retracement . Cup and Handle breakout on daily, any moment!
2.55 Price target for ALGORAND 2.55 Price target for ALGORAND Cup & Handle Breakout 2.55 Price target for ALGORAND Cup & Handle Breakout
cypher reversal is more likelycypher or shark harmonic pattern:
AB=0.38 XA
BC=1.41 AB or BC=1.6 AB
tp1=0.88 XA=$2.43
tp2=2 BC=$2.66 *more likely*
tp3=2.24 BC=$3.97
tp4=1.13 XA=$5.12
minor resistances:
R1=$1.25
R2=$1.48
R3=$1.64
R4=$2.11
R5=$2.8 *cypher reversal*
R6=$3.47 *shark reversal*
A Reminiscent narrative to the 2022 historic AltseasonHow many people at the time would have predicted during the war(911)/recession(2008)/pandemic/depression(March2020) years that the 1920s would be one of the most innovative, prosperous periods our world had ever seen?
The 1920s ushered in the automobile, the airplane, the radio, the assembly line, the refrigerator, electric razor, washing machine, jukebox, television and more.
There was a massive stock market boom and explosion of spending by consumers the likes of which was unrivaled at the time. After the immense pressure of the Great War (Cold Wars, Middle East Wars, Civil Unrest), many people simply wanted to have fun and spend money.
I’m not trying to say our current situation is as bad as things were in the 1910s. What happened during that time frame is unthinkable compared to our current predicament.
But it’s encouraging to see what people have battled back from in the past. The fact that people were willing to shrug off such a debilitating period and turn it into one of the most optimistic decades our country has ever seen speaks volumes of our ability to continue moving forward.
Pessimism is a natural feeling when things are bleak but it never lasts.
Algorand is almost ready to flyYesterday is history, tomorrow is a mystery. If this plays out, we can expect to see the start of the long awaited Altcoin Season in September, a first wave peak around October 2nd and a peak of second wave around November 25th.
ALGO 90day outlookThis is looking like a positive bid for coming quarter. purple channel likely to break up and mark higher given how long this has been consolidating with the rest of the market and overal shift to bullish since the 20th of july.
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ALGO GOOD NEWS COMING!!!Recently, I've got good news about Algo. It is technically in an appropriate position. And about fundamental, check here:https://coinmarketcal.com/en/event/programmable-liquidity-65946
ALGO WILL RUN THE QUESTION IS WHEN?Algo should play out one of two ways short term.
Not financial advice.
