ALGOUSDT
🚀ALGO : THE START TO NEW HIGH :THE FOOTBALL TIMES COMING!It's a very interesting time for ALGO As the world football cup will start soon about 15 Days from now.
I did study time ago this coin, not only the partnership with FIFA did make me interested in this coin, but also the technical side of price action.
When it's the world cup the Feeling comes back, and people will check more FIFA and trends.
As there are high sponsor and ads trends that are going to happen on ALGO and FIFA will support this and all details are added on the original FIFA website, expecting that ALGO will have a high background on this trend, which can add ALGO INTO NEW HYPE.
The most important first target is $0,76 followed by a trend that can increase above $1.20 USD , and the most important target that this coin can become is 2$
At the time of a football match, the goal is that ALGO will get promotions.
And worldwide it will become more known as the Blockchain FIFA use.
Expecting with the coming days as we are going to FIFA times, this coin will become more interesting, and more known. ( as most even don't know)
Know that this is not a guarantee, but it looks possible.
Will follow ALGO coming time to see the trends.
Target 1
Have nice FOOTBALL days coming time, and if your country plays, good luck!
This is our view, do always your own study.
#ALGOUSDT #ALGOCOIN Trade setup: Appears on a verge of breaking out from a Sideways Channel ($0.25-$0.35), but needs to be confirmed by breaking above 200-day moving average as well. If confirmed, price could rally up to $0.50 resistance. (set a price alert).
Trend: Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance Nearest Support Zone is $0.25. The nearest Resistance Zone is $0.35, which it broke, then $0.50 and $0.70.
Algo USDT Long 💥👑Hello Success, today I want to talk to you about ALGO /USDT.
The price has formed a walling wedge and is moving towards target
The price can try to break the resistance line.
I expect that the price will continue to rise and break through the resistance line, after which it can reach the level of 0.4740, where I see our target.
I expect such a scenario.
This is an article, not financial advice, always do your own research.
If you still have questions, you can write it in the comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thanks.
Algorand (ALGO) - November 5Hello?
Welcome, traders.
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Please also click "Boost".
Have a good day.
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(ALGOUSDT 1W Chart)
The key is whether it can be supported by rising to the 0.4253-0.6132 section.
(1D chart)
The key is whether it can find support near 0.3853 and move above 0.4253.
If it doesn't, it is likely to drop to around 0.3421.
A volume profile section is formed over the section 0.4253-0.6132.
Therefore, if it rises above this section, it is expected to show a full-fledged upward trend.
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** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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I spy with my little eye, something beginning with the letter AThis is a very contrarian take because on one hand we have 14 root causes for inflation:
1. Unlimited economic growth triggers Natural resource depletion since 2014
2. Expanding middle class in emerging economies since Brexit and Trump
3. Populism, polarization and uncertainty
4. The Great Reset (COV-ID-19)
5. The Federal Reserve printing
6. Insider Trading
7. Systemic devaluation of local currencies in emerging economies
8. China's zero covid triggers Inflationary Supply Chain Shocks
9. Russia and Ukraine war
10. Gas crisis in Europe
11. Evergrande's Real state collapse
12. Volatility & Bankruptcy: Credit Suisse & Deutsche Bank
13. Economic Trade Wars and World War 3 forsee a total collapse
14. Extreme weather triggers Water Scarcity
And on the other hand we have:
1. High Employment rate and Job offers booming
2. Putin losing the war and could suddenly withdraw
3. Japan Intervention
4. UK's prime minister Liz Truss quit
5. Saudi Arabia is Interested in Joining the BRICS
6. Mainstream Propaganda is being excessively negative lately
7. We're probably not at the end of a big 100 year cycle but probably back to the 80s
8. Latinamerica flipping left wing except Uruguay
9. Big demographic change means big wealth transfer from baby boomers retiring to millenials
10. Crypto market maturing still pending Ripple's lawsuit resolution
11. Japanese intervention
12. Countries deglobalizing
There are many paralels that pinpoint to 3 historic macroeconomic moments in history
1. The Great Inflation between 1962 (Cuban Missile Crisis, gold run of the 70s, end of gold standard) and 1980s (end of cold war) + (highest point of dxy in history) + (recession)
2. Another dotcom bubble brewing trigering a burst by a false flag attack like 911, (think 1997, think a president dies, think a small nuclear blast is detonated)
3. The roaring 20s after a war in the middle east (similar to WW1), followed by a pandemic (think 2020), followed by a recession (probably already priced in), followed by a period of hyperinflation in 23, followed by an explosive roaring 20s preceding a great depression anywhere between 2026 and 2029 before a welcome to 2030 wef scenario.
All three scenarios have one goal in common, to introduce digital currencies this decade while gradually outlawing cash by 2030.
We see countries already introducing x-road models, legal frameworks, aligning transportation and many other sectors to a digital biometric ID, while testing covid blockchain passports, and at the same time we've witnessed under the radar blockchain companies slowly building up partnerships and laying low for now. OMFIF was very revealing, so were a few banks that decided to partner with Ripple, now it's a waiting game.
What will the future hold, will Saudi Arabia trigger a dollar collapse? Will Crypto get regulated? Will promising projects survive? Will Algorand become the Naga 2.0, or will it finally catch up to other alts that had a run in the last 2 years?
A lot of uncertainty and fear still remains, but a contrarian suprise move could leave 2018 enthusiasts and doomsayers behind.
Too soon to tell, but be on the lookout, this could be a 1997 scenario.
Looks a lot like Bnb dominance, potential cap of 1.20% total230 billion dollars, or $4.20 more or less, very similar to Apple's 1997 to 2001 price only 4 times faster. Interesting.
Algorand Diamond BottomAnother idea that I have is algo diamond bottom pattern, in addition to my old idea of brodeading bottom pattern posted months ago. On logarithmic chart you can see the target, according to textbooks.
ps\ FIFA is in November, in case if anyone needs the news to justify that possible price increase.
Algo pump before World Cup in Qatar?BINANCE:ALGOUSDT
✅Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
Thank you.
Algo is official partner FIFA, and in next month we will see major football event last 6 years. And its first time we will see World Cup championship in Qatar and in autumn (before it always was in June)
The idea is, hype around Algo and coins like CHZ bring a lot of attention to this coin.
Possible Targets and explanation
➡️Since January step by step big players accumulate ALGO (you can see on Direction indicator)
➡️We trade in -0.27 zone by fib
➡️More than 230 Days in accumulation phase
➡️Got a not strong but first signal to buy on D1 timeframe
➡️Marked first possible target to take profit.
➡️Daily downtrend line retested.
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
* Look at my ideas about interesting altcoins in the related section down below ↓
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ALGO Buy Setup.Hello, dear TradingView members.
This is an ALGO idea.
ALGO is showing good buy opportunities.
I'd suggest this buy setup for a long-term trade. You can enter with a 5x leverage (max) or 1x (spot).
Entry: $0.3475
TP: $0.5010
SL: $0.3032
Now let's see your ideas. Let's have a discussion.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
Algorand (ALGO) - October 18Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(ALGOUSDT 1W Chart)
The key is whether it can rise above the 0.3310-0.4253 section.
(1D chart)
The key is whether it can be supported by rising above the 0.3310-0.3425 section.
In order to continue the uptrend, it must rise above the 0.3722-0.3938 section.
If it goes down, you should check to see if it finds support at the 0.2865-0.3091 zone.
The 0.3310 point or lower is most likely a mid- to long-term investment area.
Therefore, it is important to keep the price above 0.3310.
However, since the volume profile section is formed around 0.4253, it is recommended to trade from a short-term perspective until it rises above 0.4253.
------------------------------------------------------------ -------------------------------------------
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator contains indicators that indicate support and resistance points.
** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor).
** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100).
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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ALGO completes recontest - time for longUpon the break of triangular patterns, the best time to open a trade is when it comes back down to test the triangle as support. If you zoom in, this is exactly what ALGO has done.
Therefore, it is a great time to go long.
The TP levels are set on the chart, and I'm sure it will continue higher after as well.