ALGO weekly chart is looking really nice!The ALGO charts appear to be signaling a potential turnaround, or at least a nice move up from the current trading range.
Good luck, and always use a stop-loss!
Key stats
About Algorand
Often seen as a dark horse of the crypto world, Algorand is a proof-of-stake blockchain launched in 2019. Its founder Silvio Micali, a professor at MIT, has Algorand tackle the ‘blockchain trilemma’ — the hypothesis that blockchains can only offer two out of three key properties — a. decentralization, b. scalability, and c. security. Algorand’s system allows ALGO holders to participate in block production, offering low costs and high throughputs. This makes it well-suited to DeFi and content creators. From being a highly eco-friendly chain to becoming an official sponsor of the 2022 FIFA world cup, Algorand already has its fingers in many zeitgeisty pies.
ALGO is setting up nicely!ALGO is forming a nice descending wedge pattern on the weekly and daily charts. It could break out from these levels, but it could also easily drop to the lower trend line first.
Good luck, and always use a stop loss.
Where Algorand Needs To Close Before Its Next Bull RunAlgorand Daily Chart Price Action Analysis
▪ ALGO is very, very close to it's most bullish technical condition since late Feb 2024.
▪ If there's a daily close above $0.13,
▪ and if the Chikou Span remains above the bodies of the candlesticks,
▪ then boom to moon
ANOTHER PERSPECTIVE OF THE LONG-TERM POTENTIAL FOR ALGO.ALGO is one of the best cryptocurrencies you can buy, especially at today’s prices. Being one of only a handful of top-quality cryptos that are ISO 20022 compliant, like XRP, XLM, and Quant, I believe the future is bright for ALGO and its holders.
This chart isn’t set in stone and will change over
Buying an Algorand to trade on the spot market.#ALGOUSDT
There are many factors that indicate the possibility of buying:
1. The strength index suggests that a rebound is possible in the short term.
2. We have already seen a complete bearish correction of A, B and C.
3. According to technical analysis, we have reached the bottom zone.
4.
ALGO and 1068% ROI?Algorand (ALGO) is one of my favourite coins which I choose to invest in. I like this project because they have a lot of partnership with all kind of companys. On their page you can find various real estate projects, FIFA announced that ALGO is their blockchain partner for upcoming events, they are
ALGOUSD find a bottom hereOpening a trade here with around ~1500% profit potential.
Not a financial advice.
#ALGORAND Vs #ETH - When is Cheap actually a good entry buy.Losing Dollar Value is one thing.
But losing 94% in 2 years vs #Ethereum is a second type of pain
That highlights the risk that abounds in #Crypto and the #altcoins
Can #Algo start making positive progress now?
ALGO has spend very little time at current levels in the past.This is a great buying opportunity. ALGO has spend very little time at these low levels in the past, and we all know how quickly it can move when the buyers come rushing back in.
Keep stacking!
Risk vs Rewardtaking into account it could be a broadening wedge. this position look like a very good Risk vs Reward kind of play.
Next immediate target could be around the 0.42 region
See all ideas
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