ALGO LongAlgo long at a key inflection point with another bullish 886.
We look to accumulate on any retrace
ALGOUSD trade ideas
(ALGO) ALGORANDOne day can make a big difference. The lead lines have changed quite a bit for cryptocurrency based on the losses over the last 24 hours. This image is an update of the same image I posted yesterday with the new and improved lines of the indicator in orange versus the same view of the black lines a person would normally create if they were looking at the chart and trying to place the lines on the graph. The inbetween black line I drew yesterday came true and now the orange line is laying on top of the middle black line.
(ALGO) algorand "custom indicator example" The black lead lines you see is what you think the graph is telling you based on where the major points on the chart will be found visually; the orange lines is where my custom indicator is telling me the lead lines are found on the chart. See the difference? Drawing the pennants is not always practical. Best to use indicators.
Inverted H & SBullish pattern , according to school rules, ALGO should retest the orange level
TP-0.6500
ALGOUSD Pump of the day! Huge buy opportunity.Algorand (ALGOUSD) is having a huge pump today as it smashed above the 1D MA50 (blue trend-line) for the first time since April 01. This rally has been generated after holding and bouncing on the 1W MA50 (red trend-line) for the 2nd time since January 23.
This gives shape to a Channel Up, not so different from the one that led the token to its peak during the previous Cycle. The 1D MACD has just formed a Bullish Cross, indicating that we are still at the very start of the new rally. Our Target is 2.000 (Fibonacci 0.9 retracement level).
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$Algo #Algorand Algorand EURONEXT:ALGO #Algo
Is currently caught between the support at $0.15 range and the now resistance above at the $0.18 range.
If we get a follow up pullback with the rest of the market on further war i.e. middle east drama, then I would watch for the next support range to come in at the $0.12 range.
I've purposely given you the same chart and layout but on two different time frames to help newer traders coming into this cycle see how different things can look on a daily vs a weekly time frame.
I think that this can really help speed up learning for many and to open their minds to variables.
As you see the daily can easily in this case look much more instantly bullish and give you the greater feeling of FOMO #Fomo to jump in. Whereas the weekly can give you more of a tactical view and help with your approach being so.
Hopefully some of you find this chart helpful during this stressful pullback/flush that I'm aware has really beaten down and or killed many portfolios for traders.
I've fallen off on posting/sharing my charts these last few months while I was trading ALOT myself and on multiple platforms and various ideas. However, during these more stressful times I will try and stay more active with updating what community I have.
For my birthday without cause or warning X shutdown my larger account @RareBreedOG so I'm starting over fresh with almost no followers now for the algorithm. That being said I would greatly appreciate help with you hitting the like /Follow/share buttons as much as possible if you find these charts helpful at all or even just want to help me rebuild my following after getting Fu**ed by X. For this reason, I don't plan to pay for a checkmark this time around either, but you can all help give me reason to keep sharing and not just leave to other platforms.
Everyone stay safe and trade wisely and be careful with leverage in these uncertain times.
Biggest goal is to not be liquidated before the real top comes and or worst-case scenario have positions worth holding until the next cycle if we really did just have an early cycle Rare Triple Top.
Crazy Buy!!! $50 into an old friend.When I was 17, 2 years ago completely new to crypto this is the coin that doubled my money. Today the coin has crashed by 23% so I have bought it and will be holding it!!!
Another perspective of the ALGO Cup & Handle pattern.The Cup & Handle pattern in ALGO has broken out, and perfectly retested the rim-line. We could see some incredible price gains in the coming months.
Good luck, and always use a stop-loss!
Algorand To Reach Prior Highs ?
If price is able to reach the prior highs that would be a 10x upside from here
$300 bet on Algorand going up by 19% in 7 to 8 days.$300 bet on Algorand going up by 19% in 7 to 8 days. That is a $57 profit in 8 days.
ALGO | Stands at Demand ZoneALGOUSDT is retesting its breakout level. It is currently standing at a very good support level. It has immense potential for upside for atleast 50% in near term. Manage your risk accordingly.
ALGO's wave 5 could gain some significant ground here soon!ALGO has been doing very well the past month or so, and is looking to do even better here shortly. The current wave 5 is generally the most explosive, and largest gaining. Although, the price action looks like it could potentially drop closer to the lower trend line (white line). This line has held very well so far since this uptrend started, and the wave pattern will continue to stand as long as the price action doesn't drop below the wave one high. If the wave 5 plays out properly we could easily see ALGO run into the mid .40's.
Good luck, and always use a stop-loss!
First Ever Camel Pattern I have identified the first ever camel pattern in the chart, I am dubbing the term Cash Camel Pattern. For all of my Russian speakers,bogatyy verblyud (they wont let me put cyrillic on the english version). I have no price targets, nor do I have any way to trade this technically. After the price action plays out I will update and give my interpretation of this glorious tarding pattern. The pattern is denoted in the purple box with white outline.
There is how ever a "vomiting camel pattern," but this seems to be in bearish context. The chart of Algo before us is in bullish contect at this point.
ALGO waiting for everything to line upWait for the finishing of wave 5 . Then we could see a abc correction to the 0.5 fib. Then we could be at the and of the handle of the cup. Then a beautifull way to the upside. A bigger c&h formed ling time ago with a take profit to the 0.45 so i think we will head there.
Bullish Algorand IdeaLooking at the weekly chart for Algorand, it's worth paying attention to a developing huge head & shoulders pattern, which usually indicates the market bottom, creating a fresh higher high.
Since Algorand peaked back in November 2021, it entered a mean downtrend which lasted for approximately 700 days.
We can also see that the market developed a bit of diagonal resistance, and bears followed it all the way down.
Now, what we also see is that the market showed significant respect toward the $0.30 zone for approximately 1600 days.
Should the bulls take the opportunity to break through the key horizontal resistance and fully develop the H&S pattern, I’m expecting #Algorand to pump to approximately $0.80, which is a key horizontal resistance previously respected by buyers and sellers.
ALGO is set up for an EXPLOSIVE move to the upside!ALGO is set up for what I think is going to be an EXPLOSIVE move to the upside. After the cup & handle breakout I predicted came to pass, and a nice retest of the rim-line, which just occurred, I think we are about to experience an EXPLOSIVE Wave 5 to the upside.
Buckle up!
Good luck, and always use a stop-loss!
ALGO Trade Idea ALGO trading at easy risk management levels here with massive upside.
Could be in for a big crypto rally?
Algorand once lived, but is now DEAD. Trash gets burned because ... why would bury trash and give it a tombstone? There is nothing worthy to put on the tombstone of trash shitcoin that died!
Algorand is an extremely weak coin.
It was over $2 in 2021 and is barely above $0.20 right now, while most other CHAD ALPHA COINS, such as Solana and Cardano, have multiple X'd from their bear market lows.
Algorand has no development or community. It had a $13 billion market cap in 2021, higher than Filecoin, but today is WAAAAAY behind COINBASE:FILUSD #FILECOIN TSX:FIL #FIL in market cap (2.5x times lower).
Why would anyone trade or hold this?
Algorand is going to $0.01!!
ALGO - LONG TERM - Algorand is a decentralized blockchain platform designed to provide a secure, scalable, and decentralized infrastructure for the development and deployment of decentralized applications (dApps) and financial protocols. Founded by Silvio Micali, a Turing Award-winning computer scientist, Algorand aims to address some of the key challenges facing existing blockchain networks, such as scalability, decentralization, and security.
One of the key innovations of Algorand is its consensus mechanism, known as Pure Proof-of-Stake (PPoS). In the Algorand network, block proposers and validators are chosen randomly based on the amount of Algos (the native cryptocurrency of the Algorand network) they hold and are willing to stake. This ensures decentralization and security while maintaining high throughput and low transaction fees.
Algorand's PPoS consensus mechanism enables the network to achieve fast transaction finality, typically in under five seconds, making it suitable for a wide range of applications, including financial transactions, supply chain management, and decentralized finance (DeFi) applications.
Another key feature of Algorand is its Layer-1 smart contracts, which allow developers to build complex dApps directly on the blockchain without relying on external protocols or layers. This simplifies the development process and reduces the potential for security vulnerabilities.
Algorand also supports atomic transfers, which allow multiple transactions to be executed simultaneously or none at all, ensuring the integrity of transactions and reducing the risk of fraud or manipulation.
The Algorand ecosystem is supported by a vibrant community of developers, researchers, and enthusiasts who contribute to the platform's growth and adoption. The Algorand Foundation, a non-profit organization, oversees the development and governance of the Algorand network, while Algorand Inc., a technology company, provides technical support and services to enterprises and developers building on the platform.
Overall, Algorand aims to provide a scalable, secure, and decentralized blockchain platform that can support a wide range of applications and use cases, from financial services to decentralized governance and beyond. With its innovative consensus mechanism and Layer-1 smart contracts, Algorand is well-positioned to play a significant role in the future of decentralized technologies.
ALGO 228% ??Possible scenario for ALGO 228% in the long mid or short term??
I would like to know your opinion!
My TOP10 project list - pick number 3/10Algorand is a solid project. ISO20022 compliant and has strong ties to the global elite.
Its price got completely obliterated when Gary Gensler (SEC) who formerly had exprssed very positive views on the project, attacked it by declaring it a Security in April 2023.
However this is just a shitshow (as the lawsuit against Ripple which the SEC has lost) to discourage retail investors. Elites do not want every day people aboard. They have the moral obligation to protect the consumer from making to much money.
The price is still very close to its all time low ATL at 0.0879 $ (acutally 0.1142 at the time writing). Still down 96% from its ATH !
It has recently broken out from an almost 2 years long descending bullish wedge and is heading higher.
What makes Algorand unique: founded in 2017 by Silvio Micali, a renowned cryptographer, and recipient of the Turing Award and MIT researchers, it is a platform for scalability, security, and decentralization that aims to revolutionize decentralized applications (dApps) and smart contracts. It has very high throughput capabilities and very low transaction cost (0.0001$ per transaction). It has smart contract capabilities. In addition to its technical strengths, Algorand stands out for its commitment to sustainability. The network's low energy requirements contribute to its carbon negativity, and the Algorand Foundation actively engages in carbon offsetting initiatives.
Algorand is here to stay and thos who have the will to buy it around these lows (not financial advice but I bought under 10 cents) will be handsomely rewarded for their courage.
