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Algorand / TetherUS

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ALGOUSDT trade ideas

ALGOUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for ALGOUSDT Based on our previous analysis on September 6, we expected a rising trend to happen and now you see the rise has happened here. As you see, R1 is our resistance line that includes the disability of the price in order to rise. And S1 is the support line at which the support of price is clear. Thus, we have the fluctuation of price below R1 and our prediction will be a fall toward S1 and then if we have some rising signs, we expect an increase for the price to R1. It is highly recommended to activate your stop-loss due to the unstable situation of market. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
Long
by MarsSignals
ALGOUSDT | Wave Projection | 4.4 Wave Expanding DiagonalPrice action and chart pattern trading setup > A possible uptrend 4 wave with expanding triangle pattern ABCDE > Target take profit zone at 4.4-wave @ 0.382 - 0.5 retracement zone of previous wave 4.2-wave > The final downtrend 5 wave zone could be projected at 0.5 - 0.618 retracement zone between the recent lowest zone and original major 2-wave - dump & pump pattern is expected. > Indicator: MACD squeezed and gold cross the baseline with wider uptrend ribbon, most likely to continue rising for now. Always trade with affordable risk and respect your stoploss - nothing is 100%
Long
by dukeposh
$ALGO - Time to GOAL Hello my Fellow Traderz, With the arrival of the FIFA World Cup, keep your targets on the tokens which are directly or indirectly linked to the Championship. I have already made an analysis on one such token in one of my previous ANALYSIS. Today I've come up with $ALGO. #ALGORAND is officially the blockchain partner of FIFA WORLD CUP. So it is quite obvious MMs are burning the fuel for the leg up as the tournament is about to start. $ALGO ha already broke the Trendline Resistance 1 with solid amount of VOLUME which indicates that this Breakout is Valid. Now approaching towards Trendline R2. Also the Horizontal Resistance of $0.42 lies there. Break above $0.49 we do not have any resitances meanwhile and we could easily reach the next Major RESISTANCE Area of $0.70-$0.75. Happy Trading my FAM....CHEERS!!!
Long
by TRADER-GOKU
4
The Proof-of-Stake Era is Here. Can ETH Survive the Winter?After Ethereum's "merge" this week, the crypto market continues to sag as a whole, unimpressed. One pattern we see emerging is that coins that have been proof-of-stake since the very beginning (especially ATOM and ALGO this week) have been performing very well relative to the rest of the market. (Coins to keep an eye on in the near future: XTZ, ADA, TRON, MATIC, etc.) As we head further into the recession we're going to start to see some of these patterns get more aggressive. The reason why this is happening should be pretty obvious at this point: people's attentions are switching over to proof-of-stake, and the coins that offer competitive staking rewards (aka interest rates) are starting to attract new customers. Flipping NFTs is too confusing to most people but most people can tell when one rate is higher than another. (Especially since most banks are still stuck in 0-interest rate savings mode at the moment.) The crypto community has largely been down on Ethereum lately as the realization that they've fallen behind the curve starts to settle in. But they're certainly not out of the race yet - the roadmap to make ETH competitive in the proof-of-stake race is pretty clear: 1) Make staking liquid - the fact that it's locked up for an indefinite period of time is pretty ridiculous, possibly illegal. (Probably in their own interest to do so quickly before it turns into a lawsuit, tbh.) As it stands now ETH's staking rewards are too cumbersome and not competitive enough for people to consider. 2) Adopting on-chain governance would make skeptics feel at ease and would quell some of the criticisms coming from the Bitcoin maxis too. The real problem is transparency, not centralization. 3) Fix the issues with scaling to bring gas fees down, finally. They can probably consult people from other chains who have already figured it out. (If they can get over themselves, that is, lol.) They definitely have the resources to do so - that was never in question. Whether they're actually gonna do it, though, that's another story. I didn't exit completely but as a disclaimer I did sell off a pretty big portion of my ETH holdings this year because of concerns over its long-term prospects. Ethereum may be well on its way to becoming Bitcoin 2.0, given that it's now become a deflationary asset. If you're an ETH holder you'll probably be OK since they'll probably continue to burn their supply to make sure that the price doesn't go down too much. Silicon Valley is known for their appeasement of the investor class and we're likely to see the same pattern play out again. But keep in mind that each coin burned just makes it harder for new people to come in - what they've done is basically put an expiration date on their own project since they're actively restricting the platform's growth now. (Crypto NIMBYism, as I like to call it.) Coin supply is a controversial topic in the industry but can be understood in a fairly straight-forward way: The higher the supply, the better it is for newcomers; the lower the supply, the better it is for existing holders. Maxis will repeat whatever marketing slogans they were fed but at the end of the day, it's about who's back you're willing to scratch. Getting returns on your investment requires you to see things as they are and read between the lines of what's being said - are they using that wealth to make genuine improvements on the protocol itself, or are they just hoarding it and promoting the scarcity model behind your backs? More coin supply to attract new talent/investors? Sure, good idea in theory. Just not here - "Not In My Back Yard". NIMBYism is a thing you see in the real-estate markets, and we start to see its ugly head rear in the crypto space, too. I do owe a lot to ETH - it stabilized my finances, paid off my student loans, and gave me the time to do the things I wanted to do, rather than had to do. But it's probably time for me to move on - I'm here for the dream, not just the money. 🔥
Long
by RyanTanaka
ALGO- Potential SHORT -15MIN/1HR - Binance for BINANCE:ALGOUSDTPTrading view post: Trade Status: ACTIVE Trader: Drizzzled (AUS) Trade Type: SHORT (RE-ENTRY/DCA ABOVE previous entry post) Entry 1: 0.3755 (entry 1 box options) Entry 2: 0.4059 “” Entry 3: 0.4292 “” Entry 4: 0.4846 “” Entry 5: 0.5098 Entry 6: Entry 7: Stop Loss: Entry 1: - 0.3999 gann resistance -5-10% from your chosen entry 1 -slightly above entry/key resistance -1:1 or to own personal risk factor Entry 2: “” Entry 2: “” Take Profit Targets: -0.3312 (50ema tp) -0.3178 (200ema tp) -0.3137 (800ema) - Comments: -move stop loss to break even once target 1 is hit. DCA entries above/below if stop loss is hit. -emas will rise/drop with time so shift tp accordingly. If we re-enter higher/lower our same emas become our take profits. Also i have put boxes around key supports which I may choose to take earlier or later profits at too. -by all means you can long from the daily open to these higher target ‘short’ entries. -you don’t have to enter at ‘entry 1’ if you would rather enter higher. -level 1,2 or 3 ,pumps/moves, can go higher and create new levels, hence the re-entries. It’s a shorter time frame strategy.
Short
by Drizzzled
3
ALGO Descending TriangleThis is a Neutral pattern. This indicates that the price hasn't set any strong indication of moving up or down. We don't know until it breaks out of the triangle. I have drawn it very clearly on the chart for you to follow along. In my opinion, this is not a time to open any positions. It is time to wait and observe. If it rises above the triangle, and forms a very nice Continuation pattern, then I will post a long chart. For now, we remain neutral.
by BARSTrading