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ALGOUSDT

ALGOUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. We are in a 4-hour time frame. As you see, the price has been able to break the resistance line and start moving upwards. We have drawn a support line for you that can support the price. At the moment, the price can move towards its resistance and if it breaks and stabilizes above it, then it can move towards the next resistance. It is possible that when it reaches the resistance line, falls to the support line and then moves upwards. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
Long
by MarsSignals
ALGO next move could be a big oneI have been following ALGO closely, its shown very positive signs and next move could be big. Last trade I set a modest price target just below global trend which it reached. Now it is pushing up on global trend which will also be a likely bullflag breakout. Which should attract a lot of attention Look for break and retest above global trend and previous daily support around 1.85 If it pulls back from here look for a reset in the 1.75-1.65 range then watch for a break up of global trend. Possible to open a higher risk trade on the reset with a stop loss of 2 ATR. Look for buy setups on lower time frames Check my previous post for more details, make a plan and follow it! As always, keep an eye on the health of BTC
by jamoooo
3
ALGOUSDT (Algorand) - Coin of the WeekAlgorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol. Blockchain platform Algorand has announced on 29th of September the launch of the Algorand Virtual Machine, or AVM, a layer-1 protocol upgrade designed to enhance decentralized app scalability for developers and organizations, enable instant transaction finality and sustain a negative carbon output. In addition to these advancements, the AVM will also give developers program tools to write smart contracts in Python or Reach, a format similar to the multi-paradigm web page language Javascript. Technically, Algorand is in a correction from the 13th of September that is preparing the next move to the upside. The higher probability move in our opinion is a breakout to the upside, although a retest of the support area is not totally out of the books. If the price moves higher the next area to watch for the market structure is the resistance zone at 2.06 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.
Long
by financialflagship
12
ALGO on the way to new ATHALGO digital currency is in a good uptrend which can make a +50% profit! Due to the break of the mid-term downtrend line that it has been dealing with since early September, in yesterday's rally, it was able to break it up and complete its pull-back on it. You can now buy with a medium-term vision to reach a new price ATH. In 1st Step TP, you can save some of the profit in the range of $ 2 to $ 2.2, and after passing through the trading zone (Shows in the chart), you can reach the previous ATH in the range of $ 2.4 - $ 2.5. This digital currency is one of the high potential currencies in the last quarter of 2021.
Long
by SasanSeifi
Algo cupIt is very, very beautiful. All the coins were formed in cups and handles. It is very interesting Algorand smart contracts are getting a performance boost. On Wednesday, the company behind the proof-of-stake blockchain released a back-end upgrade to increase the computing power of Algorand-based applications. Algorand Virtual Machine (AVM) will also make it easier for newcomers to develop programs atop the chain. AVM brings Algorand smart contract development “closer to the mental model” developers on other blockchains are used to, Chief Product Officer Paul Riegel told CoinDesk. The Ethereum Virtual Machine (EVM) is widely used, with EVM-compatibility being a key way for new networks like Avalanche and others to gain steam.Getting more developers running faster code could be key for Algorand’s growth in the bustling decentralized finance (DeFi) landscape. It is the 29th-largest blockchain by total value locked, according to DeFi Llama, well behind Ethereum, Solana and Tron. Read more: Algorand Foundation Launches $300M DeFi Innovation Fund Riegel said AVM simplifies smart contracts’ treatment of escrow payments, their ability to send transactions and their handling of slippage in trades. It also improves on the complex math underpinning “complex DeFi applications,” he said, such as the authentication procedures protecting cross-chain mechanisms, or bridges. One developer is building a bridge with 14 signature verifications, he said. (Riegel noted that 14 cross-checks is “pretty out on the tail” of what’s normal, and as such would require uncommonly high computing power). “We can support those kinds of things now,” he said. Algorand supported some of those things before – in a far more piecemeal manner. AVM makes it simpler to join those previously disparate bits together, according to Riegel. The self-imposed guardrails regulating how much computing power Algorand smart contracts can call are also getting a 16-fold raise. Riegel said the boost does not impact overall performance on the chain, which can process 1,000 transactions a second. Coming rollouts will further juice performance 10- to 40-fold “at a minimum,” he said.
Long
by ttcompanyy
ALGO builidng volume pressure, trending above resistance Another personal trade I am looking at: ALGO like many of the alts is looking like it will breakout soon if bitcoin remains green, it was an over-performer with the early Sept' breakout and has been pulling back since. Positive volume pressure has been building despite the persistent pull back. On the 4hr it is facing the resistance of an immediate local trend and a slightly higher global trend (light pink). This may Impede an explosive breakout, but there are many other positive signs building for Algo. Positive signs: OBV trending above significant resistance (notice every time it has broken this resistance in has been knocked back down) Significant OBV Bullish divergence Slight MACD bullish divergence MACD range tightening, breakout coming (could be up or down) Sitting on local demand zone Negatives: Double trends to break (global trend channel looks like bullish flag - big positive if broken) Tightly coupled with bitcoin movements Entry on confirmation of trend break with strong volume closing above last pivot, or higher risk entry on touch of lower RSI trend. Look for break of upper RSI trend for further confirmation of breakout and possible increase in position size on pullback. Modest Profit targets marked, I will be taking profits prudently unless bitcoin shows clear signs of strength Always follow your trading plan, this is mine - far from financial advice :)
Long
by jamoooo
2