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Algorand

Altseason has officially started"September 18 will change everything and be the catalyst Algorand needs. Opulous at the most popular venue in the world announcing to the world “We go with Algorand” and then the huge musical artist. The world will listen. Then governance in October. Then AlgoMint, TinyMan, and AlgoDEX by end of year… maybe xBacked too. Some surprises possibly in between.. and hopefully CBDC. The rest of the year is ripe for gains and growth of the ecosystem" Michael Jordan in "I believe I can fly" featuring MC Hammer who "can't touch this".
Long
by axelrodd
22
Algorand (ALGO) - august 10Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ALGOUSD 1W Chart) If the price is maintained above the 0.5221395-0.76754798 range, it is expected to create a new wave. (1D chart) If the price is maintained in the 0.65798713-0.92350974 range, it is expected to turn into an uptrend. However, in order to continue the uptrend, it must break out of the downtrend line. If it goes down, you should check to see if it finds support at the 0.52522584-0.65798713 zone. ------------------------------------- (ALGOBTC 1W chart) We are walking sideways in the section 1075 Satoshi-6469 Satoshi. If the price is maintained above the 1970 satoshi-2886 satoshi range, it is expected to turn into an upward trend. To continue the uptrend, it must rise above the 4309 Satoshi point. If it rises above the 6469 Satoshi point, it is expected to create a new wave. (1D chart) If it finds support at the 1820 satoshi point and moves above the 2147 satoshi point, I would expect it to turn into an uptrend. If the volume profile section spanning the 2452 Satoshi-2886 Satoshi section is exceeded upward, it is expected to continue the upward trend. If it falls from the 1820 Satoshi point, it may enter the mid- to long-term investment area, 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 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 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
1
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
ALGO - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. ALGO is sitting around strong support in green so we will be looking for buy setups. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? on H4: ALGO is forming an inverse head and shoulders pattern but it is still an idea. so we are waiting for the right shoulder to form to consider it valid. (projection in purple) Trigger => Waiting for the right shoulder to form and then buy after a momentum candle close above the gray neckline. Meanwhile, until the buy is activated, ALGO would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
23