ALGOUSDT
Quick Trade of Algorand to $2.60Took a look at Algorand / $algo --->
Made some decent profits yesterday at 1.60 to 1.85 and then was waiting for a wave 2 correction to 1.40 --- unfortunately, it didn't get down to that 50% that I was looking for and missed the entire overnight rally. This baby has some serious fomo right now because of it's El Salvador/NFT news. So, seems like people think its seriously undervalued. So it could be the next SOL trade.
Anyways... to update..
Today we can now see a more developed structure than yesterday..
It's still looking juicy here, seems to be ranging nicely in trend and on the MACD.. targets of the next up move look to be $2.6 - 2.65. (As long as Bitcoin doesn't take a dump today).
Sure I can see $3 to $5 here..but.... I am playing this quick impulse fomo move up that should occur in the next next 12 hours. This top will then probably be the 1st wave up and then we should get a proper wave 2 pull back so will update this post as it progresses this could be a nice end of wave 1 and a really cool wave 3 if all plays well :)
Good luck guys, Remember DYOR and use STOPS :) Watch for previous highs of 1.80-1.85 as a support zone if this trendline breaks.
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
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.
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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 )
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Follow TheKing Moves and stay safe!
Happy Tr4Ding !
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
the legand ALGO!!!ALGO is lagend now. i published the previous idea at $1.18 and now it is $1.69. we completed a tea-cup formation and already made %45 profit.
Is it end?
There is a another huge tea-cup formation. If we can break out the $1.80 resistance, I will be bearish till $3.5, %96 profit.
But be careful and don't forget stop-loss
Dont lose your hard-earn money easily.
ALGOUSD is it right time to exit ?Hi, if you are following me you must have seen yesterday i shared algousd analysis in which i market the area where you can take entry
you can see after restest we took entries in algo and now we closed all our positions now we will wait for best point to enter again
Don't force trades just wait
33%+ Profits is better than nothing you can see only algo recovered that well because second leg was on the cards as e predicted
Enjoy profits and give yourself a treat and remember me as well hahhaah just kidding
Like and comment below if you took a trade and share you experiences with me because when someone earn from my analysis it makes me happy
Symmetrical triangle in Algorand* Algorand in 3H time frame forms Symmetrical triangle.
* Symmetrical triangle occurs when the price consolidates between two trend-lines slightly sloping towards each other, the price is squeezed till it breaks the either side of the pattern.
* Here the Descending trend-line works as resistance and the ascending trend-line works as support.
* Breakout on the either side of the pattern will give a healthy move.