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Algorandbtc

ALGORAND - ALGORAND- Dancing with El Salvador 🕺 (p2)Algorand keeps doing great, with the El Salvador Launching Government Blockchain Infrastructure on Algorand This Year As you had been informed here before, 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. Price broke over it's major resistance today and seems to be ready for higher! One Love, the FXPROFESSOR
Long
by FX_Professor
2
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
Long
by FX_Professor
4
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.
KRAKEN:ALGOUSDLong
by Kyle_Kinnaird
ALGO - expect a rallyHello everyone, Today I'm covering Algorand (ALGO), both BTC and USDT pairings compared, chart maybe unclear for some but let me explain what it tells me. VS BTC I see a mid-long term uptrend forming, MACD and MA's on the ALGO/BTC chart tell me it's time for Algorand to start flourishing. Versus Bitcoin, Algorand got left behind in the run but is now testing new levels and holding new highs, this you can see on the daily chart. For this example/idea I used the weekly chart to show the potential hiding in this pair. The reason I dare to make these statements is when I look at the USDT chart. VS USDT we already saw a nice run and hold the new price range very steady, been consolidating for since the middle of February and all oversold indications have been reset, when looking at market cycles of other coins I can start to compare and see what the possibility really is. When using the FIB extension on the daily TF and compare these VS the BTC pair I see 4 big targets in a 3-6 months time range. - 0.618 Fib extension: $2.82 - 1.618 Fib extension: $4.43 - 2.618 Fib extension: $6.05 - 3.618 Fib extension: $7.67 This is not a 2 day trade and this is no advice. Staying cool and holding this coin tight is what I'm doing personally. Ride can be bumpy with some deep corrections. Good luck
Long
by Dmoootje
ALGO/BTC Bullish Trade (mid-term)Algorand is looking great and prime for a strong move up. Recent attempt to breakout and retest failed, but this gives us another good entry position. This trade is a mid-term trade, so no expectations of quick gains. Two potential TP targets for mid-term. Algo/btc has yet to see some big moves unlike other altcoins the last couple of months. Patience should pay off. Entry lvls: 2550, 2250.. average into support. Support: 2192, 1952 Happy Trading <3
Long
by LukaDuke
ALGO - K.I.S.S method -LONGThe KISS method (Keep It Simple Stupid) uses a maximum of 3 tools but I try to keep it limited to 1-2. Algo recently broke out and has completed retracement, RSI pointing to more upside now. I love this project for the long term and will use the pullbacks to accumulate as much as possible. Entry- 2100 sats PT 1 3800 sats pt 2 4800 sats Again, new to posting my ideas so please leave a like and comment! (As always this is not financial advice, I am poor and you will be too if you listen t😉 me)
Long
by HowDoIHodl
1
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.
Long
by moon333
1
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.
COINBASE:ALGOUSD
by CryptoRush_
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.
COINBASE:ALGOUSD
by CryptoRush_