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ALGOUSDT

Time thief Algorand suggests the longer the consolidation? ...The bigger the breakout. Algorand likes to chode a lot, delay pumps and the dumps and is sometimes contrarian to the market. This could be a similar October 2020 repeat for all we know, hard to tell but my fear is Algorand never tested 500 ma on the daily like bitcoin and many other alts did. That kind of sucks if it dumps later, I mean why get people's hopes up to later dump on them? Some real crappy VCs are behind this start up, watchout.
by axelrodd
1
ALGO/USDT- Direction: Bullish - Pattern type: Continuation - A bullflag can occur within the context of a longer uptrend and following a steep upward move. Following this steep move the pattern the forms a short horizontal OR downward sloping channel shaped like a flag. In the stock market de flag portion of the pattern shouldnt last longer than 3-4 weeks on a 1D chart. But since cryptomarkets move much faster the pattern could still show strength and be valid. - Important support - Potential bullflag - Need volume for breakout - Volume diminishing troughout pattern - DEC 24th good entry; 1. RSI crossed SMA on 21st/22nd of december 2. MACD crossing upwards with first green candle in histogram 3. Volume slightly increasing while bulls are winning 4. Bollinger band was crossed + 4 candles, then wait for confirmation from RSI, MACD, and Volume - RSI is getting supprt from SMA14 - Still potential bullflag - Nice retest for support $1.45 zone - If the volume can keep increasing up until above average with, a close above the upper descending trendline drawn across the highs, this would be a confirmation of the breakout. - To set the target you'd have to measure the price movement of the previous steep move that led to the flag and then add that amount to the current price at breakout. EMA's: The last significant cross was EMA9 crossing all of the others (50, 100 and 200) downwards while the EMA50 gave a false signal, seemed to cross the EMA100 downwards but then immediatly turned around and crossing EMA100 upwards right after. EMA9 has also crossed als of the others upwards now. next step would be the EMA50 confirming the 100 cross upwards. After that we should see al the EMA's change direction into an uptrend and providing support for the trend continuation.
Long
by AnitaDollar
ALGORAND- Next to Pump 🕺ALGORAND has been extra volatile with a huge pump and dump candle just a few weeks ago. At this stage the rice has just broken over resistance and could possibly fly higher. News: Algorand Surges as Foundation Incentivizes DeFi Activity on Algofi The announcement of liquidity rewards for a product built on Algorand put ALGO tokens among the few gainers on (last) Thursday. The move came hours after the Algorand Foundation, which oversees development on layer 1 blockchain Algorand, announced a $3 million incentive program for Algofi, a decentralized finance (DeFi) platform that relies on smart contracts to offer low-cost lending and borrowing services to users. “Through a partnership with the @AlgoFoundation Aeneas DeFi Fund, Algofi will be launching a rewards program of $3MM (2MM $ALGO),” Algofi noted in a tweet this morning, adding the incentives will run for active users through the first quarter of 2022.
Long
by FX_Professor
3
ALGO/USD ChartHi, I try to post often so if you could follow and like it would mean a lot to me. ALGO is very bullish right now and is ready to move towards 2$. The FOMO on the coin is amazing, the 4H and 1D charts are looking amazing. The coin broke the 1.50$ resistance a few days ago, and after having a bullish retest, the coin looks ready to skyrocket. I don't have to much to say, but right now BTC is moving sideways in between the 45K-48K, and the best way to be profitable right now is in alts that are showing strenght (like ATOM and ALGO). Please comment what you think and check my recent ideas!
COINBASE:ALGOUSDLong
by Devan-CryptoCharts
ALGOUSD D2: 250%+ gains THE BEST Level to BUY/HOLD(SL/TP)(NEW)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! ALGOUSD D2: 250%+ gains THE BEST Level to BUY/HOLD(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: ALGOUSD D2 chart review ::: updated/revised outlook ::: overall strong chart looks good ::: BULLISH compression pattern ::: focus on buying lower later ::: final swipe lower possible/likely ::: but then expect MASSIVE GAINS ::: chart looks good /strong ::: still valid today / great setup BULLS ::: BULL FLAG setup with massive upside ::: still expecting pullback off the highs ::: get ready to BUY LOW later ::: accumulation in range previously ::: then we had 350% gains PUMP ::: we had 2 pumps already before this ::: 350% pump - pullback ::: then 350% pump and now pullback mode ::: expecting short-term pullback ::: BULLS get ready to BUY after pullback ::: TP bulls is +250% gains later ::: expecting decent gains soon ::: 20-30% pullback short-term ::: recommended strategy: BUY/HOLD after pullback ::: TP BULLS +250% gains ::: SWING TRADE: BUY/HOLD IT ::: bull run not over yet ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: BEARS/PULLBACK RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BINANCE:ALGOUSDLong
by ProjectSyndicate
3
ALGOUSDT, Are we repeating the previous cycle ?Hello everybody According to the chart you can see the price was done the cycle and now because of the distance of the price is a little far from static support line that we shown on chart (Yellow Box), We expect the price is coming to impact to the trendline support area then it can repeat the cycle and we are in the beginning of the cycle. But if the price can not support from the trendline support zone its ready to drop more and break that support and reach to our static zone (Yellow Box). The trend of the ALGO is upward adn we are only be in position according to the trend :D Previous analysis : If you have any question ask us in private Good Luck Abtin
Long
by Abtin00
ALGO Bullish ALGOUSDT Buy Signal !!!!Not bad zone.. Use stoplose.. Not financial advice just my opinion.. Fundamentals: 1. Algorand is formally a public blockchain but sharpened to corporate culture for commercial use. 2. There is a possibility that only Ethereum and Algorand will be popular in a few years. Many other blockchains will simply occupy a small niche for their followers (Near, Solana, BSC , etc).You see this analysis from Lisa Emiliano. 3. Ethereum will remain the main forge of new technological projects with open source and decentralization, while the commercial use of distributed registers will remain with Algorand. 4. ALGO operates an algorithm that releases additional ALGO into circulation whenever the MA-30 rises above its ATH .You see this analysis from Lisa Emiliano. This artificially suppresses the price. It brings stability to ALGO, which is typically more attractive to forming large-scale partnerships but it discourages investors. Thankfully, this algorithm will no longer function beyond mid-2023. 5. Algorand has signed an agreement with the Government of El Salvador that the entire blockchain infrastructure of the country will be based on Algorand technology.
Long
by Lisa_Emiliano
4
buy zoneit's no secret that i'm bullish on ALGO long term, and i think we're likely to see strong growth starting in Q1 2022. here are a few reasons why: the new governance model is beginning, and users will be locking up supply for extended periods of time, effectively taking algo out of circulation. supply down, price up. el salvador committing to algorand for their crypto infrastructure. el salvador doesn't exactly have a great track record as a model government, but i do think their endorsement is a valid signal of adoption. it's fast and cheap and has some of the best minds behind it. and with MIT's ties to the Fed, i'm betting ALGO is on the U.S.'s short list. placing my next round of buy orders on this $1.30 support. price may dip further to retest either of the major bull trendlines, but i don't think the probability is high enough to risk waiting. this is (not coincidentally) right around the same level i was buying last time:
by reees
2