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Algorand / Bitcoin

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ALGOBTC trade ideas

Algorand 65000%Algorand is in a brutal Broadening Wedge Pattern, according to the textbooks it should do what is shown. Many alts, either OGs or legit layer-1 chains got absolutely rekt versus BTC caused by uncertainty of many things, Macro, SEC, bankrupt crypto lending companies, QT, scams like FTX and so on. Too many bad things and actors in the market and god knows what else, crypto in general got torn apart left and right since BTC touched 68k for the first time. #LET'S_GO_FORWARD
Long
by init4datech
2
Algorand - IN MY HUMBLE OPINIONFundamentals : Last couple of months, there have been very good development with Algorand, though its in the shadows, its been ringing a lot of bells. Month June was the highest ever number of transaction Algorand processed. Algorand is constantly in touch with the banking system and it does look like this project is going to achieve what XRP could not. Technicals : The chart against BTC pair looks like it bottomed. Taking into consideration that most Altcoin Charts against their Bitcoin pairs have bottomed during the month of July, Algorand is portraying significant strength by reaching a bottom price in the middle of June. Moreover, all the weekly candles of Algorand/Btc are extremely small candles in size comparison to weekly candles of 12 15 months ago. This is likely due to price being pushed down and down but not much selling occuring. Either most weak hands are out already, or they are at a point where its useless for them to sell hence Hodling. On 3D timeframe, Rsi has printed a Hidden Bullish divergence. Weekly timeframe stochRsi bullish. The correct way to look at the chart is on 8hour timeframe and daily timeframe for proper support and resistance as pointed on this chart. InShaAllah ! Ameen.
Long
by Hyperwave_Mauritius
Algo 🚀Hello, friends! 🫶Today I'm here with an interesting coin!😉 Algorand (ALGO) is a blockchain platform and cryptocurrency created to improve scalability, security, and decentralization in blockchain networks. Founded by Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT), Algorand aims to provide high performance and fast transactions without compromising security. During the previous bull market, Algorand (ALGO) also demonstrated significant growth , like many other cryptocurrencies. Currently, the price is still relatively low, which makes it quite attractive, personally for me!😊 I urge You to pay attention to it, if You are interested in a coin, that You can hold for the long term.🚀 The levels on the chart are outlined for the medium-term perspective , but the coin has much more potential ! 👀What do You think? Have You ever traded this coin? Do You have any experience?😌 Share with me in the comments! Thanks for Your attention💋 Always with You, Kateryna💙💛
Long
by RocketBomb
1
Algorand (ALGO) formed bullish Shark for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO). Our last successful trade of ALGO was as below: Now on a 4-hr time frame with Bitcoin pair, ALGO has formed a bullish Shark move, at the moment after the completion of final leg the priceline is slightly moved up, therefore, we can wait for some correction. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
ALGO/BTC - Algorand: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the SIX:ALGO / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00000622 | 0.00000639 | 0.00000677, and the major support zones can be found at 0.00000584 | 0.00000563 | 0.00000525. Consider entering at the current price zone of 0.00000623 and targeting higher levels. ◰◲ General info : ▣ Name: Algorand ▣ Rank: 42 ▣ Exchanges: Binance, Kucoin, Huobipro, Bittrex, Kraken, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Unlike other PoS models, PPoS does not reward, nor does it put validator or user funds at risk of being slashed (a loss of funds used to promote honest node and user behavior). Algorand intends to eventually leverage its PPoS design to form the foundation for an on-chain governance system. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000623 ₿ ▣ 24HVol: 14.526 ₿ ▣ 24H Chng: 2.467% ▣ 7-Days Chng: 2.40% ▣ 1-Month Chng: -27.91% ▣ 3-Months Chng: -37.87% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000622 | 0.00000639 | 0.00000677 ◢ Support: 0.00000584 | 0.00000563 | 0.00000525 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -6.44 ▣ Last 90D: -1.69 ▣ Last 1-Y: -0.75 ▣ Last 3-Y: 0.51 ◲◰ Volatility : ▣ Last 30D: 0.55 ▣ Last 90D: 0.75 ▣ Last 1-Y: 0.87 ▣ Last 3-Y: 1.20 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.60 - Bullish ▣ Reddit sentiment score is 0.59 - Bullish ▣ In-depth ALGOBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
ALGO/BTC - Algorand: Falling_Wedge◳◱ We've detected a Falling Wedge pattern on the $ALGO / $BTC chart. This pattern is a bullish indication and could indicate a potential trend reversal. The next resistance key levels are at 0.00000826 | 0.000009 | 0.00001016 and the major support zones are respectively at 0.0000071 | 0.00000668 | 0.00000552, We may consider buying at the current price zone at 0.00000738 and targetting higher levels. ◰◲ General info : ▣ Name: Algorand ▣ Rank: 39 ▣ Exchanges: Binance, Kucoin, Huobipro, Bittrex, Kraken, Hitbtc ▣ Category/Sector: Infrastructure - Smart Contract Platforms ▣ Overview: Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Unlike other PoS models, PPoS does not reward, nor does it put validator or user funds at risk of being slashed (a loss of funds used to promote honest node and user behavior). Algorand intends to eventually leverage its PPoS design to form the foundation for an on-chain governance system. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00000738 ₿ ▣ 24HVol: 18.171 ₿ ▣ 24H Chng: -0.135% ▣ 7-Days Chng: -10.79% ▣ 1-Month Chng: -21.83% ▣ 3-Months Chng: 19.53% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00000826 | 0.000009 | 0.00001016 ◢ Support: 0.0000071 | 0.00000668 | 0.00000552 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: -2.72 ▣ Last 90D: 1.30 ▣ Last 1-Y: -1.08 ▣ Last 3-Y: 0.65 ◲◰ Volatility : ▣ Last 30D: 0.81 ▣ Last 90D: 0.79 ▣ Last 1-Y: 0.95 ▣ Last 3-Y: 1.20 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.60 - Bullish ▣ Reddit sentiment score is 0.59 - Bullish ▣ In-depth ALGOBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF