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ALGO Technical Analysis: Key Levels to Watch in 2024-2025 Algorand (ALGO) is a promising project known for its efficient management of scalability, security, and decentralization. The long-term success of ALGO depends on broader adoption and leveraging its distinct features in the competitive blockchain market. Currently, ALGOUSD is holding a Weak Support at the $0.119 support level, presenting a potential for significant gains. If this support level holds, we might see a bullish move. However, if this support breaks, the next strong support and bottom lie near $0.086. A bounce is expected from this level due to some upcoming positive events and the potential approval of ETH ETFs. Historically, we have seen altcoin rallies following such approvals. ALGOUSD was listed on June 17, 2019, and experienced a significant rally between March 30, 2020, and November 27, 2021, during the 2021 bull market. According to Bitcoin's historical patterns, a bull market tends to occur every four years. We anticipate increased market volatility in Q4 2024 and Q1 2025, similar to the 2021 bull market for ALGO. Our calculated targets for ALGO's bull run suggest a minimum target of $1.57. If this resistance flips by Q4 2024 or January 2025, we could see a maximum target of $3.44. It's crucial to monitor support and resistance zones to keep the trade active. Remember to exit long positions by April or August 11, 2025, as the bull run and alt season are expected to end during this period. For more analysis like this, follow us on TradingView to stay updated with our latest ideas and take advantage of our insights. Kindly share this idea with your friends and family to maximize profits. Don't forget to comment below and give a like. Thanks!
CRYPTO:ALGOUSDLong
by Houseofcryptokings
11 Industries Blockchain will Rule the WorldBlockchain is the one technology that allows people to create unique, specific products, programmes and services online. Instead of downloading a programme, app or making a transaction on a regulated centralized system like Android or IOS, you’ll use a decentralized system to do everything you currently do with the internet. These ideas on how blockchain will disrupt industries will blow your mind. #1: Voting Blockchain and online voting may one day be the main platform where everyone can take part. Think about it. No more standing in a line, casting votes to a local authority in the hopes that your vote will be counted. Having a decentralised system for voting can result in: • No voter manipulation and fraud • One vote per identity • No external influence • Full transparency • Results within seconds • No foul play Once a vote is added to the ledger, it cannot be tampered with, removed or duplicated. And so having a blockchain-based-online voting platform, where everything is updated, in real time and with full transparency – could soon be a reality for elections… #2: Stock market trading & investing Blockchain could one day take over trading institutions and the financial industry as we know it. There will be no more use for brokers and market makers, as everything will be electronic. Investors and traders will choose the blockchain path to: Take control of their own portfolio 24/7 Extra security and privacy which cannot be accessed by anyone Facilitate trades without any costs, commissions or fees Result in much faster and more efficient transactions Improve liquidity and volume with financial markets Reduce fraud and manipulation Trade 24/7 markets including Forex, stocks, indices and cryptos Speed up deposits and withdraws within seconds Rely less on third parties #3: Social media and internet Imagine a Facebook, Tik Tok, YouTube, Instagram or even Twitter that nobody owns. With blockchain and dApps (Decentralised Apps), they would be completely immune to attempts to manipulate, regulate, spy or even shut them down. #4: Buying assets, goods and services Anything of value that can be tracked, traded and recorded on a blockchain network, will allow transactions in one form or another. In fact, we already have individuals and institutions that are buying, selling and exchanging crypto-currencies (i.e. Bitcoin) for tangible products such as vehicles, property, investments and other assets. An asset can also be intangible such as patents, royalties, intellectual property, copy rights and branding. Also, there are blockchain advantages including: • Lower costs • Less risk and danger • Guaranteed transactions • Accurate evaluations #5: Currencies As you’ve seen, crypto-currencies and forms of exchange – can be created and exchanged simply from the digital ether. The decentralised crypto-currencies will continue to provide a form of exchange for products and services as an alternative to general currencies. #6: Music, books and movies Since the days of Napster, Kazaa and Limewire, entertainment companies have tried everything to prevent piracy from wiping out their revenue. Just a few years later, and a single copy of a song, movie or programme could be distributed around the world within seconds. Blockchain and smart contracts technology could create a decentralised and accurate database of rights of ownership. It could also put an end to piracy and other forms of un-authorised copyrighting. The blockchain transaction will be made in a secure and transparent manner in a way the royalties will be distributed to the owner in a fair and an instant payment process. #7: Banking Blockchain will disrupt the entire banking system. By having a decentralised banking network, we won’t have to worry about a bank crisis ever again. The reasons for a blockchain banking system include: Lower transfer fees Less costs and taxes Instant processing time High security No third party Quick overseas transfers Never go offline or off the system Just so you know, all of your banking transactions take place in a digital online wallet. A wallet is the place (programme) where you can store and make transactions. When you have access to your wallet you get two keys. A private and a public key. The private key is a special digital idea or a code of numbers and letters, given to each user that links to their account. This is the code to access and take control of your account where you can transfer funds out of it. A private key is like having a credit card with your credit card number, expiration date and security code. With this information, you can spend as much funds as you like. That’s why you should never share this private key and never lose your private key. The public key is the code (numbers and letters) that is fully available to the public. A simple analogy of a public key is having someone’s bank account number. Anyone with this number can technically send money into your account. NOTE: The public key is known to the public. If you lose your public key, you can find it again with your private key. Just remember to never lose your private key. So with blockchain banking you can imagine how being able to deposit, withdraw, exchange and transfer money, will make things extremely efficient and secure – Don’t you think? #8: Games The next streamed and online game, may be through a decentralised operation – also known as Crypto-gaming. This will allow gamers, programmers and other entities to improve and build on the game to enhance the experience for all users. By having an source place for gaming there’ll be opportunities to: • Build on continuously and expand the game • Create social network of like-minded gamers • Have more stable, secure and transparent operation • Not have to worry about crashes, manipulation and shutdowns • Offer financial benefits for gamers i.e. customising and selling digital collectibles, art or created virtual worlds. #9: Crowd funding Crowd funding has become the new alternative to traditional venture capital, bank funding and self funding. The issues in the past have been where the banks require an existing business with good revenue, venture capitalists need proof that the business is a success and the costs are exorbitant. Soon there’ll be an era where blockchain will take over all three forms of funding. Blockchain will facilitate crowd funding when it comes to funding for projects, businesses, charities and other causes. The beauty about blockchain crowdfunding is that there’ll be: • Enforced funding terms • Instant money returns if the criteria is not met • Lower transaction costs • No middleman • Decentralised platform • Automatic actions according to the criteria stated • Better funding for ICOs (Initial Coin Offerings) And once the terms or funding is met and the transaction is a success – the money will be automatically distributed to the cause without any human error. #10: Health care Blockchain technology will one day be able to keep personal medical file information private and safer that with a central authority. You’ll finally be able to access your medical information with a click of a button and distribute it only to those you trust. With blockchain, healthcare will benefit in ways that you’ll be able to access: • Medical information which can’t be tempered, hacked or removed • Pharmaceutical companies will have a record of past, present and future prescription medicines to collect and deliver to • A list of personal health records of diagnoses, illnesses and private health information • Revolutionise insurance claims and reduce fraud and adjust quotes for members according to their current health situation #11: Supply chain management Blockchain technology will stream line the supply chain for businesses and drop shipping. Every step from requesting a transaction to having a product or service delivered to the customer can be traced, recorded and monitored. The most important element for supply chain management with blockchain is the transparency and validation that occurs between the transactions performed and shared between the suppliers. This includes transactions made through: • Importing & exporting • Shipment • Trade • Drop shipping • Commercial industries • Farming & supplying food Blockchain can replace the traditional supply methods for centralised authorities. The future lies with Blockchain technology I hope I have shared just a little bit of light and stretched your mind ever so slightly on what the future may bring. There is an evolution of the people wanting to take control, improve transparency, cut out the middleman and streamline the process in ways of greater efficiency. One day – this will be our new normal. Trade well, live free. Timon MATI Trader (Financial trader since 2003). If you enjoyed this article let me know, so I can write more around it...
Education
by Timonrosso
Valley of Resistance & Support Theory (PATTERN FOUND!) #BitcoinRecognizing a pattern in each valley of support/higher low here, there is a V-shaped incline trend upward in the form of a higher low. The time between each pump, after each V-shape retest of support, it has proven, in the first 2 V-shape moves to take exactly 1 month to test and fall back down for a higher low. After "1" it took about 11 to 12 days until its move upward. After "2" on 24th of February, it took around 15 to 19 days to retest resistance on a large move upward. From "3" onward it rallied and retested resistance and fell down to retest support on the yellow line. Continued with a V-shaped move to test the valley of support even further, from which proved to be a higher low on the sideways, slightly inclined price action when zoomed out. All V-shaped moves being approximately 1 month apart, we're looking for the successful breakthrough of the 200EMA and middle trendline; from there, to hold support is the goal, and if proven to hold support, it would have broken out of this sideways uptrend/higher-low pattern.
BITSTAMP:BTCUSDLong
by Stratex1
The Future of #BitcoinI have marked down the price ranges and their corrections, here is my analysis: Upward from here, to around 85k and have a correction down to 48k (or around 50k). It will then move up to 100k, have a correction down to 67k Building back up past the 100k mark, it will reach around 150k then have a minor correction down to 120k. Finding the bottom, it moves its way back up toward 200k with a significant correction down to 130k. I do agree, for myself to make the claim that this will happen is very bold. I do believe the general trend, as seen on BLX, is upward as its coupled with NASDAQ, QQQ, SPY etc. Based on the history of Bitcoins price action, it always has its rally, then either FUD or generally bearish market corrections take place. If this is to repeat itself after almost all of these large moves, or rallies, and have those corrections, my thoughts would be it would look quite similar to this. However , if there is more money being poured into Bitcoin over time, as we all believe there will be. The volatility will reduce, and those corrections wont be as significant as depicted in the chart here. Nonetheless, i'm interested to see where this goes and if it truly does move as i've thought.
BITSTAMP:BTCUSD
by Stratex1
Bitcoin lost the 46k support, now tests the 40k support region!First of all we stay macro bullish and believe in the blockchain technology that is the underlying technology of crypto currencies. Therefore we have a bullish bias but still try to give you an objective overview. Bitcoin tests the 40k region support indicated by the dark green line. We are currently in a downtrend and lost the crucial 46k support where also the 200MA could have acted as support. A potential deathcross between the 50 and 200MA is looming and the overall volume keeps dropping. All this is very bearish. On the flipside we have an RSI around 30 and a fear and greed index that points to extreme fear for several weeks now. This more often than not indicates a trend reversal. Also 40k is a well respected level considering the last 360 days. So could we go lower? Of course! But we believe that enough blood has been spilled and that we will see an uptrend within the next weeks to come. Keep in mind that often times we feel doomed or the opposite invincible, this is the time we are wrong and reversals happen. So ask yourself how you feel and what it means. Feel free to comment or ask anything you like. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers Ctumbler
by tumbler55
Avalanche (Avax) Update: Since the Buy signal from the ema and sma cross signalled on the 1st August, Avalanche (Avax) has been on a impulsive parabolic run, gaining over 400% in just over 24 days. Currently Avax is 10% from the ATH price @ $59.74, the price next target from here is at the 127.20% fibonacci level @ $73.49, 34% from the current price level. Please see previous analysis below. Happy Trading :) Avalanche (Avax) Update 21/03/21, be patient 63%+ Gain to ATH $59.7. $AVAX Update 10/03/21 on Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA Avalanche (Avax) BUY triggered by script 13EMA crossing up 50SMA, 90% gain from current price level back to ATH price level! Bulls back in the market! Avalanche (Avax) Buy Opportunity 90%+ Gain Triple Bottom Formed, Stochastics on the Weekly still showing a buyers market with a strong bullish sentiment short-midterm. Avax's price soared to a new ATH on 10/02/21 @ $59.7 and has since retraced from this huge explosive parabolic move forming a triple bottom. The stochastics on the Daily chart and 4H both show an extremely oversold market, further the triple bottom signifies that the Bulls are coming into play and this could be the sign of recovery back to the ATH levels previously set on 10/02/21. Currently the price level has tested and broken just above the 200 SMA signalling bullish sentiment but a possible test back to the 200 SMA and a break below this level would signal a strong signs of a some retracement or consolidation short-term. A trigger of the 13 EMA crossing up 50 SMA would be another confirmation of this move back towards to upside, gaining 90%+ on its way back to ATH levels and a possible push further to the 127.20% Fibonacci level and a new ATH @ $70. Use the buy zones area to map out Buys from zone 1 below the 23.30 Fib level and zone 2 between the 23.20% & 38.20% Fibonacci level. Happy trading :) Key Notes on this project: Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem. Capped Supply An important characteristic of a store of value is scarcity. Unlike most other staking platforms which have an unlimited supply and continuously increase their supply at a compounded rate, Avalanche has a fixed capped supply of 720 million, creating scarcity. 360 Million tokens were minted at launch (with the vast majority locked up in vesting periods between 1 and 10 years) whilst the other 360 million are used for rewards for staking. As with Bitcoin , reward rates will decrease over time as it gets closer to the capped supply (although at a much smoother rate rather than infrequent halvings).
BITFINEX:AVAXUSDLong
by CryptocurrencyMagnet
KAVA Buy Opportunity 53% Gain from Buy ZoneKava approaching Buy Zone 1 again, some sweet gains to be made back to ATH levels. Re-entering in this Buy Zone. Update from 19/03/21 Excellent buy opportunity for a 30% Gain back to ATH price @ $7.42, our current price target is at the 127.20% Fibonacci level @ $8.67 (53% Gain). The price of KAVA broke down past the 13 EMA to test the 50 SMA , this downward pressure seems to have exhausted now and we expect the Bulls to come back in the market to test the 13 EMA and push past this level signalling a strong continuation pattern back towards the ATH . We saw a similar move on the 15th March where the price broke down the 13 EMA to test the 50 SMA and then bounced back to upside testing and breaking through the 13 EMA gaining 40% from $4.99 to $7.02. Use the Buy Zone to map out a sniper entry at the 61.80% Fibonacci level. KAVA is a great project with a lot of potential in the mid-long-term as we see waves of new institutional money flooding into the market. We bought in at the 61.80% Fibs @ $5.6 and if we test lower levels we will be looking to accumulate more coins. The bearish scenario is still possible but we do not expect to see the price go lower than the range between the 50%-38.20% Fibonacci level ($5.11 - $4.57), the stochastics are showing an extremely oversold market on the 4H, be patient wait for confirmation before entering. Key Notes on Kava: Kava, built on the Cosmos SDK, is quickly gaining momentum as the most trusted DeFi platform for institutional clients around the world. Kava plans to take another major step forward towards that end through an integration with Cosmos’s recently launched Inter-Blockchain Communication Protocol ( IBC ). Kava will then use IBC to make Chainlink’s widely used and secure decentralized data feeds available to blockchains across the wider Cosmos ecosystem. The use of Chainlink data as part of the broader Kava DeFi ecosystem is not new. Kava first integrated Chainlink back in May of 2020. Onboarding Chainlink Price Reference Data oracles onto the Kava blockchain has provided a valuable service to all users of its DeFi ecosystem. As more financial institutions make their way to Kava, direct on-chain access to real-time and tamper-resistant data will prove increasingly beneficial to everyone.
KRAKEN:KAVAUSDLong
by CryptocurrencyMagnet
ConsenSys Announced Kavita Gupta Left her Role As Founding partn Consensys is one of the main blockchain innovation firms, it is a New York-based firm established in 2014 by Joseph Lubin. Kavita Gupta leader of the ConsenSys joined the organization, ConsenSys Venture in 2017 as it was propelled in San Francisco, administrating the financial limit of $50 million subsidized by the Co-author of the Ethereum and ConsenSys, Joseph Lupin. As of late, in the report distributed in The Block that Kavita Gupta has left the place of employment of the leader of the ConsenSys Venture. This news turns out as a stun to the individuals in the digital currency industry. She has worked for such a long time for the ConsenSys Venture and had real jobs in the undertakings, for example, startup Blockfi, the blockchain framework firm StarkWare. She has eminent association in giving the organization status as one of the main firms in the blockchain organizations. News Source: TheCoinRepublic
COINBASE:ETHUSD
by TheCoinRepublic