ALGBTC trade ideas
ALGORAND WHAT IS? BUY ZONE ALREADY NEXT STOP 2X869,417,755 Millons usd 24 hrs increase on Algorand Protocol
I will create this analysis using
The KISS method (Keep It Simple Stupid) uses a maximum of 3 tools but I try to keep it limited to 1-2.
Algo recently broke out and has completed retracement, RSI pointing to more upside now.
MACD: Has crossed above the signal line, indicating a positive change
the rsi level: the overbought zone is changing
Breakout Triangule Formed
Tp 1 is based on fibonnaci
The tp1 is based on the fibonacci retracement above the level 0 which would be 2400
Tp2: 3700
Tp3: 4800
Algorand what is?
Algorand 2021 perfomance
2021 PERFORMANCE
Block proposal time will remain 0.5 seconds. (Even though our block size will grow from 5,000 to 25,000 transactions.)
Block finalization time will shrink from 4.5 to 2.5 seconds.
Our finalized TPS will grow from 1,000 to 46,000. (Thanks to a truthful approach to block pipelining.)
Led by Turing award-winner Silvio Micali and a renowned team of cryptographers, engineers, and mathematicians that solved the blockchain trilemma, Algorand is committed to the ongoing development of best-in-class solutions for the future of economic exchange.
Feautres Smart Contract using algorand protocol
Escrow account creation
Loan payments & Fee Executions
Limit orders
Subscriptions
Collateralized obligations
Regulated & automated disbursements
Programmatic recurring fees / recurring debt
Delegated high-security account management
Interface with off-chain data providers
Cross chain Atomic Transfers
HELOC (Home Equity Line of Credit)
Decentralized exchanges
Reimbursement validation
Cross chain Atomic Transfers
Algorand (ALGO) Closed Above EMA21, Gains Strength (90% Easy)ALGOBTC (Algorand) continues solid with a close yesterday above EMA21 (0.00001374).
The next barrier is set at 0.00001564 or EMA50, the bold magenta line.
After this level is conquered, we can see its price "fly up"... Patience is key.
Here is the previous chart:
Thanks a lot for reading.
Namaste.
ALGO - Bouncing off SupportWe are creeping towards medium term support on ALGO's ascending channel, as well as a significant fib level acting as support right where we expect a bounce around 2,130 sats. I'm setting a stop loss below the local dips the past few days, incase there is a flash crash. Looks good on the 4H, I can see a bullish crossover forming and flipping from bearish to bullish movement.
Entry: 2,100 - 2,200 sats
Stop Loss: 2,030 sats
Targets: 2,400 - 2,600 - 3,000 sats
ALGO superbullishYOUR LIKE OR COMMENT IS MY FUEL FOR NEXT ANALYSIS :)
This is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here a comment, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
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Blue Skies For Algo This Year ? ALGO/BTC #algo $ALGO #Bitcoin Here we see our weekly ALGO Bitcoin chart . It's looking extremely nice for upside as it already hit a TD Sequential 9 in red and has gone up .
You will notice the last resistance here above us seems to be near 6500 sats on the weekly chart and the last resistance on the daily chart is near
9153 sats which is also near the .236 fib . When we get above these levels we will be in price discovery mode - which is also known as " Blue Skies "
. or a Blue Sky Breakout .
Because there would be no more resistance above us to stop us ! This would probably bring us at least up to the .50 fib near 17600 and above that the .618 fib near 21600 . That would be at least 10x up from where we are right now - and possibly much more. Could be a Blue Sky year for ALGO !