Get started

Algorand

The Most Explosive Move Of Algorand (ALGO) Is Heretwo wedge patterns: The price action of ALGO has formed a big falling wedge pattern and within this falling wedge, the priceline also has formed a smaller rising wedge pattern as well. The price action of the leading ALGO was accumulated at the support of the smaller rising wedge pattern and at the same time it was trying to break out the resistance of the bigger falling wedge pattern as well. Finally, the priceline broke out the resistance of the bigger falling wedge and now re-testing the support of the rising wedge pattern. But the volume is not supporting this break out as it is quite low at the moment. If there will be a buying volume while re-testing the previous resistance as support then the breakout can be confirmed and the price action ca turn very strong bullish otherwise it can move down in the same falling wedge pattern and even break down the support of the rising wedge as well. A big harmonic bullish Gartley pattern: Previously ALGO formed a bullish Cypher pattern on 2-day chart and produced more than 70% rally after completion of this pattern: Now this time on the weekly time frame chart, the price action has formed the final leg of the bullish Gartley pattern. There is also 50 simple moving average support in the buying zone. This harmonic pattern is very big than the previous one, therefore, this time the move can be bigger. The Fibonacci targets of this pattern can be: Buy between: $0.8718 to $0.6086 Sell between: $1.07 to $1.57 The maximum extent of potential reversal zone $0.6086 can be used as stop loss. Or to minimize the risk we can use the 50 SMA as stop loss. As per the above targets, this trade has a big profit possibility of 157%, and the high loss possibility is 31% and incase we use the weekly 50 SMA as stop loss then the loss possibility is up to 25%, but as the 50 SMA will be moved up the loss ratio will be decreased. Conclusion: If the priceline will break down the support of the rising pattern then it can move more down to test the support of the falling wedge pattern on the daily time frame. However, on the weekly time frame, we have a very strong bullish reversal harmonic pattern formed. Therefore, on the long-term there are strong chances that the price action will start it bigger rally than the previous one.
Long
by moon333
2
Algorand Ranked Top 3 Worth Trillions: Altseason RoadmapNote from the future: How did $Algo end up dominating 20% of the total market capital in crypto out of 10 trillion reichsmarks in the bubble peak while it doubled its supply through 2021? I wish I had known so I could've bought some under a dollar, I would be king in times of depression. Irrational Roaring Market, how was I supposed to know Mastercard, paypal, facebook, amazon, visa and 16 governments were going to use this technology, how was I supposed to know CBDCs would be launched in 2022. How was I supposed to know the digital dollar was being introduced in a myserious MIT project. I'm just backward rationalizing here, nobody could anyone know, it was impossible to know at the time.
Education
by axelrodd
2
Algorand on its way too .95+ for next weekWe're currently in a Uptrend, approaching the lower resistance of this trend & the Fib resistance which is a great opportunity for a Touch & Go. Also if you take a look at the RSI we touched the Oversold indicator which usually leads to a nice bull run, this would send us towards the upper trend resistance. If we end up breaking the lower resistance we may consolidate in the mid to low .80's as we move through the weekend. *Not Financial Advice
KRAKEN:ALGOUSDLong
by Kyle_Kinnaird
Algorand is blockchain 4.0 after the dotcom bubble 2.0The proliferation of Information and Communications Technology over the last 30 years, has allowed us to witness an exponential increase in the use of a myriad in smart applications such as smart farming, smart healthcare, supply-chain & logistics, business, tourism and hospitality, energy management, and the list goes on. However, for all the aforementioned applications, security and privacy are major concerns keeping in view of the usage of the open channel, for example, the Internet for data transfer. Although many security solutions and standards have been proposed over the years to enhance the security levels of the aforementioned smart applications, the existing solutions are either based upon centralized architecture (having a single point of failure) or having high computation and communication costs. Moreover, most of the existing security solutions have focussed only on a few aspects and fail to address scalability, robustness, data storage, network latency, auditability, immutability, and traceability. To handle the aforementioned issues, blockchain 4.0 technology can be the ideal solution. Motivated by these facts, Silvio Micali, founder of Algorand presents a systematic blockchain based solution, applicable in various Industry 4.0-based applications. His contributions are absolutely paramount, short of disruptive. Firstly, it's important to explore and compare the current state-of-the-art solutions in the blockchain sphere and the technology for smart applications. By illustrating the reference architecture used for the blockchain applicability in various Industry 4.0 applications, it's crystal clear to see who the sleeping giant and second mouse is. Algorand will be the one that gets the cheese. Now according to Harvard Business Review, there are four dominating business models in today's rapidly smart and connectedly changing world that's learning to adapt much quicker than any expert previously anticipated. Asset Builders: These companies build, develop, and lease physical assets to make, market, distribute, and sell physical things. Examples include WeWork, Tesla, Ford, Wal-Mart, and FedEx. Service Providers: These companies hire employees who provide services to customers or produce billable hours for which they charge. Examples include United Healthcare, Accenture, Experian PLC, and JP Morgan. Technology Creators: These companies develop and sell intellectual property such as software, analytics, pharmaceuticals, and biotechnology. Examples include Microsoft, Oracle, and Amgen. Network Orchestrators. These companies create a network of peers in which the participants interact and share in the value creation. They may sell products or services, build relationships, share advice, give reviews, collaborate, co-create and more. Examples include eBay, Red Hat, and Visa, Uber, Tripadvisor, and Alibaba. Algorand has positioned itself to be a Disruptive Technology provider for Governments to introduce their own CBDCs through 2022 and a Network Orchestrator for developers and entrepreneurs. To mention a few Algorand was recently featured as a Symposium Partner and speaker at OMFIF and DMI. What Blockchain technology is ready for Industry 4.0? Not just to launch central bank digital currencies, but to meet smart contract demands through virtual machines in blockchain 2.0, be able to scale efficient DApps in blockchain 3.0, while at the same time lead the future as an infrastructure based Blockchain 4.0 ecosystem? I can only think of Algorand. A triple AAA long term investment.
by axelrodd
24
ALKALINE PORTFOLIO - ALGO 2This will be our Alkaline Free Crypto Portfolio. This portfolio will be held for the long term, so you must manage your capital to deal with potential dips in the crypto market. We will not provide every entry in one post, as we believe in the power of dollar-cost averaging. Leverage is not allowed, this portfolio must be followed by a Spot wallet. Our analysis will be provided with an approximate entry price and the name of the token. All the ideas provided must be taken with the same capital so that the performance is similar to the CryptoAlkaline portfolio. You must divide your capital into entries of 2-5%. For example, a $10k bag will place entries of $200-$ 500, and in case of running out of money from the allocated capital, new entries must be taken with the same size. It has been proven that the cryptocurrency market follows the same direction most of the time and that in this case, diversification does not eliminate the risk of losing money. However, we rely on diversification as a tool to increase our exposure to sporadic hikes in certain Altcoins. Understand the risks involved in buying cryptocurrencies, and execute these activities legally according to the regulations of your country. ------------------------------------------------------------------ NEW ENTRY in Algorand (ALGO/USD // ALGO/USDT) ENTRY PRICE $ 0.885 NO LEVERAGE, NO TARGETS Please read our "Free Crypto Portfolio Rules" before placing your positions. From a technical view, Bitcoin is in a good place to start buying near the $30k psychological level, so we could anticipate the next Altcoin Rally buying Algorand near the support situation. This token has a use case for instant payments with low commissions and rewards through staking. Several payment processors such as Visa & Mastercard have shown interest in this asset. This fact causes the $1 level to be detected as a good buying opportunity, as it is considered reasonable for a token that could be used to pay for goods and services. After this purchase, our average entry in Algorand is @$0.972. Good luck, Alkalites!
BINANCEUS:ALGOUSDLong
by CryptoAlkaline
2
Does Algorand have hidden potential that's about to be released?Hi Guys Quick disclaimer please do your own research and do not trade based on my opinion; this is not professional advice. Let's get going: CHART OVERVIEW Here is a daily chart for ALGO/USDT on Binance. I've marked out specific points which could be pointing towards a Wyckoff Reaccumulation Pattern. The pattern has not be completed so it can very well fail but if it plays out here's what can happen. Analysis This pattern has a number of phases I'll briefly go through, the preliminary supply, this point marks the entry of the professional or "composite man" as Wyckoff put it, big financial operators who have identified an valuable asset and want to add as much of it as possible to their bag. This phase they are attempting to shake out investors in order to pause the uptrend, once they shake enough out, a short sharp up thrust occurs resulting in a "buyers climax". At this point their is an "automatic reaction" sending the price plummeting. After this the composite man (CM) will establish resistance points and support points in with secondary test (ST) in order to create a trading range in which to encourage selling from the public and accumulate as much of the asset from them as possible. Their will be a major Upthrust (UT) and then a laboured long decline all the way to the bottom of support in order to significantly shakeout small investors. Once the bottom is reached their is a "Spring" all the way out of the reaccumulation zone, a few tests will be made to make sure their is enough demand and strength to continue the uptrend, once a significant "Sign of Strength" (SOS) occurs with a high volume uptrend a small shakeout at the high resistance points occur and after the bullish uptrend continues. What do you guys think, is this possible? Thanks for taking the time to read this.
Long
by cmpkpersonal