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Algorandusdt

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 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
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!
ALong
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
Have a look ... +150% potential for Algo 👌technically, we wont see Algo under 50 cents again unless bull run is over n actually it is not yet. Algorand fundamentally from strong projects that have a great technology that's why it jumped from 8 cent to $1.80 ! 82 cents is strong support n will hold in the worst correction scenario. Algorand is a prefect choice for long term investment, it may rich 6$ n $9 maximum in the near longterm. but we still have a great potential to go up. Try to have some in ur portfolio. ✅ Buy: 1.25 - 1.00 ✅ 🎯TARGETS: 1- $1.58 2- $1.80 3- $2.40 4- $3.30 💵 Trade Size: 5-7% of Portfolio 🚫 Stop loss: daily candle close below 0.825 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Long
by BTC-fire
1
ALGO [Algorand][USD] - Value Entry areas & Value Target areasI've been charting the stock market since the early 2000's and I've just recently gotten into charting Cryptos over the past few weeks and I'm starting to understand the behavior patterns a bit more now. I've noticed about Cryptos are that after they make an initial spike, they'll fall back down and settle into this low level where they just hang out for days/weeks/months until it's ready to make it's next run and when it does, it just shoots up in a straight line. So there usually isn't a gradual climb. In fact, the most recent climb from the support is about as good of a gradual climb as you get before it takes off and then it may never come back to this area again. This is what I see in ALGO, based off of the recent price movements.
KRAKEN:ALGOUSD
by TraderFromTheNorth
7
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