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Algorandusd

ALGORAND- Dancing with El Salvador & Switzerland🕺 (p4)21Shares Announces Listing of Polygon, Avalanche and Algorand crypto ETP on SIX Swiss Exchange Algorand price soared over 50% to new two-year high Algorand (ALGO) — the native cryptocurrency of the Algorand blockchain — soared 50% from just under US$1.70 noon Asia time today to a new two-year high of US$2.66, according to CoinGecko data. But the surge was short-lived, with ALGO currently trading just under US$2 as of publishing time. Fast facts Algorand’s surge came as Korean cryptocurrency exchange Upbit announced the listing of the South Korean Won (KRW)/ALGO trading pair on its platform. Upbit, South Korea’s first licensed crypto exchange, dominates the Korean crypto market with a market share of over 80%. Algorand is an open-source, public, blockchain-based network that supports a wide range of applications. The blockchain, which was launched in June 2019, uses a “pure proof of stake” (PPoS) algorithm invented by its founder Silvio Micali, an MIT professor. In September, Algorand crossed the US$2 mark for the first time in two years following news that Koibanx, a Latin American asset tokenization and blockchain financial infrastructure company, had signed an agreement with El Salvador to develop its blockchain infrastructure on top of Algorand’s technology. Algorand has also been expanding its use cases in decentralized finance (DeFi), non-fungible tokens (NFTs) and central bank digital currencies. The blockchain currently has over US$80 million in total value locked in DeFi protocols, according to DeFi Llama. Algorand is currently ranked the 19th-largest cryptocurrency with a market cap of US$12 billion, according to CoinGecko data. Algorand’s Decipher event, which brings together Algorand’s developers, investors and stakeholders, is scheduled to take place from Nov. 29 to Nov. 30 in Miami and online. Someone might have done us a favor today, dumping it after such an increase in price. It looks like it will start Pumping again! Go ALGORAND! the FXPROFESSOR
Long
by FX_Professor
9
Algorand (Sideways Trading)Algorand is still trading sideways after forming a Large Bull Flag Pattern (blue triangle) after seeing an increase of 187%. ALGO is now stuck in the green rectangle ( resistance zone ). Breakout expected to the upside, with a price target of $2.49-2.60 per Algo. The relative strength index was also trending down (during the formation of the Bull Flag ) however, the R.S.I is now stuck in the "resistance zone" as well. Trading is generally staying above the red-line in the R.S.I Chart (signaling an impending breakout possibly). Expect resistance at 80% on the R.S.I. [ b]Support at $1.70-$1.50, with a "floor" (high level of support) at $1.50. Ceiling at $2.00 (high level of resistance).
Long
by marcosdaunte
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).
Long
by marcosdaunte
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!
COINBASE:ALGOUSDLong
by goodluckbruce
Algorand (Bullish Signals)Algorand is showing several Bullish signals, with an impending uptrend to $2.00 and beyond. The R.S.I is showing divergence ! Charts patterns: falling wedge (blue triangle) with a rounding bottom (red arched line). Rounding top (yellow arched line) resistance at $1.88-$1.93. *Price followed the copied Bars pattern (purple bars) from previous prediction perfectly. * ceiling at $2.00. minimal resistance above $2.06. related Algo published ideas linked below: price target of $3.00 for larger bull flag pattern (see previous published ideas). This flag has some sideways trading, but is still valid.
Long
by marcosdaunte
Bullish Stance on ALGO (Algorand)Despite all the China FUD, ALGO or Algorand has held up pretty strong. Bullish Indicators in favor of ALGO: Volume Contraction Pattern MACD Positive (despite the recent crypto sell off) 50 DAY EMA as support Relative Strength vs the entire crypto market Stochs at Oversold levels Strategy: Buy below $2.00 Cut price $1.40 There might be more upcoming consolidation but ALGO looks really good for the long side This is my favorite cryptocurrency as of the moment as the market looks to bounce from its recent slump. Good luck!
COINBASE:ALGOUSDLong
by kevvela
1
ALGO 1D Watch, read, comment!The last time we analyzed the Algousdt pair was back in February, but if you look at its performance and read the description... you'll see quite a precise realization of the idea. Today let's refresh our thoughts a little, after all, it's been half a year) In recent days, the Algousd chart has recorded abnormally high trading volumes. Importantly, these volumes were recorded on the break-down of all the highs of 2021, which is a strong bullish signal . If the price does not break and fixation below $1.84-1.95 today/tomorrow, the buyers will confirm their strength and serious intentions to continue rising. The growth itself in such situation can continue, at least till $3.50 for the white scenario. Or maybe such a rush around Algo and a burst of trading volumes was due to some strong news? Please, share your thoughts in the comments , you know we don't read the news much and don't base our analysis on it) Because if it's a banal news dump, the price of Algorand token may go down even faster than it went up. A price fixation below $1.84 will show the green light for the sellers, who can easily bring the price of Algousdt down to $1.10 to begin with. We considered many possible scenarios, but we pictured two most likely ones: white and blue! What's interesting, the end goal in both scenarios is around $8.60, though the buyers and sellers will have to overcome different routes and tests to reach the goal) _____________________ Do you like the idea fulfilment? Does it help you trade and make a profit? Do you want more forecasts from us? Give us motivation! (Like, comment and donate). These little things won't make us rich, but they will warm the trader's soul while writing the next idea!
by P_S_trade
41
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
AlgorandOne more concurent of Polkadot, Solana and Luna. What Is Algorand (ALGO)? Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust. The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. ------------------------------------------------------ Trading parts : - Buy 0.98$ - 0.95$ ( Small Buy ) - Rebuy 0.85$ ( Medium Buy) - Rebuy 0.70$ ( Full Buy ) Stop Loss : 0.65$ TP : 1.8$ ( Last ATH for now ) ------------------------------------------------------ Follow TheKing Moves and stay safe! Happy Tr4Ding !
KRAKEN:ALGOUSDLong
by thecryer
8
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
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. Trading Disclaimer: All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset. All content presented is for entertainment and education. No Financial Advice. Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade. Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance. All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
Long
by The_Clown_of_Smyrna
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
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