Algorand futureAnother idea, another scenario, everything about crypto resembles 2015 bitfinex's scandal. If so, it could be interesting to compare Algo to xrp back in the early days.
Algorandbitcoin
NagalrandThe Naga 2.0
NGC dumped to as low as half a cent and with less than 100 million supply, imagine how low Algo could go with a 10 billion coin supply
back in the days Naga was being shilled by Tony Vays and Formula 1 of all people,
twitter.com
ah yes, the FIFA pump is coming
twitter.com
The best day to buy Algorand, 2016 repeat, end of altbear marketNotice the repeating pattern from March 29th Midnight GMT. This is the bottom. Alt season is about to start as Bitcoin Dominance plummets. Ripple and Institutional Blockchains like Algorand and Vechain are about to take over the space.
This is it, the great reset is set to start as early as March of 2021. Check IMF reports, a massive Gold sell off is coming.
Algorand (ALGO) count me in!Algorand is a token that I have not covered on this platform too much. It's a shame because ALGO is one of my favorites. In terms of the accessibility, speed, and efficiency- ALGO blockchain is top notch. I mean, heck- if you ever want to send cryptocurrencies anywhere for the cheapest possible price... what do you use? -- ALGO
The volume and number of wallets opened/holding ALGO has also steadily increased over the last several months with no real fall off...
♠️🤫🐿
Algorand ALGO Price Targets and Stop LossALGO/USDT short
Entry Range: $0.85 - 0.91
Take Profit 1: $0.81
Take Profit 2: $0.75
Take Profit 3: $0.67
Stop Loss: $0.06
Algorand (Sideways Trading)Algorand is stuck in a sideways trading pattern (orange rectangle) after forming a large bull flag pattern (blue triangle), which formed after a rise of 187%.
Support at $1.70, which is also the retracement line 78% (if fib. was started from $1.56).
expected touch on the bottom of the orange rectangle, with price breaking out of the sideways trading unknown.
Most likely scenario is a downtrend, followed by the relative strength index hitting the 30% marker, allowing an upward breaking after.
Possibly touch to $1.70, with resistance at $1.93-$2.00.
Ceiling at $2.00 (high level of resistance).
Floor at $1.50 (high level of support).
Confirmed #Algorand goes longAfter weeks of consolidation and a confirmation of
a breakout on the top trend line in a symmetrical
triangle... Along with upwards momentum shown
below on the MACD I believe the next week will be
very bullish for $ALGO. Even a retest of 2.50$ ATH
price level is within reason.
Additionally "Governance" on Algorand's blockchain
currently has 1.88 billion $ALGO essentially being
locked away from the circulating supply for high
rewards until the New Year.
If $BTC stays the course or even falls a bit in price
$AGLO will be making some drastic moves. First
profit level I anticipate is 2.10 then a sharp move
upwards to 2.40 followed by a retest of the 2.5ATH
Getting in under 2$ mark will make for some nice
profits in the short term and in the long term the
staking and governance rewards will have many
traders coming back as return customers on this
blue chip alt.
-Cheers!
ALGORAND- Dancing with El Salvador 🕺 (p3)Our main selection from last week (the other one was AVALANCHE) is doing well, very well.
Despite Bitcoin's struggle to rise, ALGORAND is rising and outpacing the others.
Will this continue?
Most likely yes as you can see on our charts.
Let's go ALGO!
One Love,
the FXPROFESSOR
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 looking for a Green FridayThis is the 1 hr chart & as you see here we are coming off a nice Bull run since the 22nd. Using the Fib Retracement tool, it indicates we may see some big movement coming. Typically what happens once you hit the .618 line it's followed by a nice Bullish push in this case upwards of .90+ as we move through Friday morning.
We are also in a wedge pattern as we have already completed 4 out of the 5 Elliott wave points, so the next time we cross over a resistance it should indicate which direction we are headed.
We very well could hit a bearish reversal & be on our way back down to .79 & see a bit of consolidation.
It's 2005 all over again combined with Moore's law for Algorand2020.02.02. Celebrate the past, create the future: Smart Cities, Connected Cities, implanted chips and future biometric identification.
2020.02.02 is the the first global palindrome day in 909 years. This date was chosen to introduce a theme that now resounds globally due to climate change and other governmental challenges that developed cities and emerging economies face on a wide scale.
At the start of 2020 We Celebrated the past, and accelerated the inevitable future. We are ready to embrace Smart Cities, Connected Cities by Hyperconnecting the world.
Forbes writing about an Invisible ‘Global Currency’ That’s 24 Times Bigger Than Bitcoin hinting at Mastercard and Visa who resound the global vision of Samsung called Digitally Connected Smart Cities. Mastercard and Visa brochures promoting a cashless world with efficient systems that will surely govern our entire lives by 2030.
Over the past 2 years alone, Algorand has Partnered with a myriad of companies, to connect the largest monetary platforms, higher education credentials, transportation services, authentification requirements mandated by local governments in order to serve as the default platform to launch Central Bank Based Digital Currencies.
The amount of funds that are about to enter this blockchain as it recently partnered with Linux Foundation is absolutely ridiculous.
Algorand's Algo will start 2022 with an even bigger band as it reaches 100 dollars for the first time in its history. We're so early it's simply unbelievable.
We are seeing a clearer trend of where top 100 alt season will start and reach it's peak.
When comparing 2017 to the doctom bubble, it seems a massive new technology explosion took place 10 times faster than the euphoria experienced in 2001.
When looking at bitcoin's algorithmic hashrate, it seems Q2 of 2019 was a sucker's rally, similar to the one experienced in 2015.
Contrasting today's massive performance on the stocks that survived 2001's doctom bubble after reaching 98% losses from ATHs followed by a slow rise amidst regulation and adoption,
the crypto market is a 10 trillionaire market in the making and the trend should continue as follows:
2013 has been very similar to 2017 in the crypto market.
2014 was very similar to 2018 where a gigantic bloody correction burst the bubble yet again.
2015 saw a sucker's rally signaling a bottom and a future rally potential, just like it happened early January of 2019
2016 Bitcoin had it's second halving, taking it from $185 early January 2015 bottom to $780 June 2016.
2021 has proven to be very much like 2017 but with stronger fundamentals and institutions onboarding the best top quality blockchains.
Fundamental and Technicals are there for Algorand to top the charts by the end of the year, as we enter an absolutely Mad season this year.
ALGOBTC | A strong bullish setup for end of Jan 2021Hey friends, hope you are well and welcome to the new update on Algorand (ALGO).
On weekly chart, the price action of ALGO coin is at the strongest down trendline support.
While the priceline is at the support the stochastic has given bull cross, RSI is in uptrend and the MACD indicator has given weak buying signals on weekly chart.
On daily chart, the price action of ALGO coin has completed the harmonic Gartley move and entered in potential reversal zone. Here we have a support of 25 SMA in buying zone. The 50 and 100 simple moving averages are also moving down to form bull crosses with each other.
On long-term weekly chart the priceline has completed a bullish Shark harmonic move and at the moment the price action is moving within the potential reversal zone.
The priceline may move at this level uptil the end of Jan 2021. Because the ichi moku bearish cloud is showing weak bearish cloud signals at that time. So a powerful rally can be expected at the end of Jan 2021.
Conclusion:
The price action has a support of strong trendline, the bullish Gartley is completed and also a bullish Shark move is another strong bullish signal. But the trendline or PRZ level or Shark should be used as stop loss to minimize the risk.
Next MAJOR resistance levels following the breakout to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Huge reversal pattern apparent & resistance levels to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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Can it stay above this CRITICAL support level & keep reversing?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
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*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Key resistance levels to break & start looking bullish again*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*Thank you to those who donated, I very much appreciate it.
Bullish & bearish case scenarios as BTC continues moving*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
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Close above this level to switch bullish & supports to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Look out for these support levels if price continues dropping*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Algorand (ALGO) | This Can Be One Of The Best Buying OpportunityHey, friends hope you are well and welcome the new update on Algorand coin.
The priceline of ALGO coin has been retraced between 0.618 to 0.786 Fibonacci retracement level after a powerful bullish rally of 222%.
On long term weekly chart strong support can be observed. Every time priceline has rallied to the up side after hitting at this support.
The priceline of Algorand (ALGO) has formed bullish Cypher on weekly chart.
The targets as per Fibonacci sequence of Cypher are as below:
Potential reversal or buying zone: 0.00003233 to 0.00002683 btc
Fibonacci projection or sell zone: 0.00003666 to 0.00004732 btc
On the daily chart the priceline is trying to breakout 200 simple moving average. The safer buying can be after closing above this SMA.
`Conclusion:
As the priceline has completed a bullish Cypher move while reaching at the strong support level on the weekly chart therefore there can be strong chances that the price action of Algo will start a powerful bullish rally from here. However, the potential reversal zone of bullish Cypher should be used as stop loss to minimize the risk factor.
ALGOBTC formed bullish Cypher | Upto 76% move expectedThe priceline of Algorand (ALGO) has formed bullish Cypher on weekly chart, the targets as per Fibonacci sequence of Cypher are as below:
Potential reversal or buying zone: 0.00003233 to 0.00002683 btc
Fibonacci projection or sell zone: 0.00003666 to 0.00004732 btc
Regards,
Atif Akbar (moon333)
ALGO.USDT and BTC (Y20.P3.E2).One of the good onesHi All,
When you look at ALGO amongst many to chose from, it has potential to give back x2 or x3 returns however it requires to pass the pullback test.
> Requirement > If BTC holds current level (unlikely but possible). Lets say it does then Algorand (ALGO), looking at the Weekly chart, must hold of the weekly support of $0.57
With the ALGO/BTC pairing goes below 4224 sats then its likely to continue down but if it holds then ALGO can perform well in the coming weeks.
====================================================================================
Note: At the moment the weekly USDT is bouncing below but holding the daily USDT chart $0.57.
RISK: BTC has dropped but is back above 11500. It needs to hold otherwise the above scenario is invalid.
Please give me a like or tick for this post.
Cheers,
S.Sari
ALGO.BTC close up
ALGO. USDT overview
ALGO.BTC overview
