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ALGOUSDT

ALGOUSDT (Algorand) - Coin of the WeekAlgorand 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. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token. Technically, for this coin we see 2 major scenarios playing out right now. The first one is a retracement to the blue channel low and then a continuation to the upside and the second one is a break of the channel with a consolidation below and a move to the downside that will reach at least the first support area marked on the chart at 1.2 USDT. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
by financialflagship
7
ALGOUSDT TECHNICAL ANALYSIS 13112021What Are Fibonacci Retracement Levels? Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They stem from Fibonacci’s sequence, a mathematical formula that originated in the 13th century. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. from investopedia. No investment advice...
Long
by volkancetin
ALGOusdt The Cup and Handle pattern is a bullish continuation pattern that resembles a cup on a candlestick chart. The cup part of the pattern is when the price gradually changes its direction from bearish to bullish, intuitively speaking, investors get hope for the performance of the security. A handle is when the price retraces slightly before it rises sharply and resumes the previous trend. The profit target is determined by measuring the distance between the bottom of the cup and the breakout level of the pattern and increasing that distance up from the breakout point. The first target is shown in the graph. Further goals are to overcome and set a new maximum. Control your risks and good luck to everyone.
by Shancuha
2
Huge Opportunity on ALGO 🚀ALGO looking absolutely great, after being in consolidation for a long time is ready to PUMP. Looking extremely good, just need to wait for clear breakout with a good level of volume. In the meantime the massive ascending triangle will still going on, the more times we hit the resistance, the more likely it is that we will be able to break it and hit a new ATH. This will be broke in the next few days/weeks (max). As soon as we breakout this resistance the price target would be around of $2.6 and as you know after breaking ATH there is no resistance 😉. If we use the Fibonacci retracement the targets would be $3.2 and $4.3. Please guys be cautious but don't miss this awesome opportunity.
Long
by TheTradingBuddies
4