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ALGOUSDT trade ideas

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
Algo/USDT Long📈N.B. My strategy is based on huge explosive profit or very little profit so without breakeven stop loss at the right time we will lose in very little profit so follow me if you want to know breakeven stop loss Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors. How this analysis was done: First I find usdt pairs using crypto screener then if all Three×3 in 1 indicators gives main entry confirmation at the same time I go with the analysis then I find Support and Resistance zones in 3x entry timeframe also using one of the three indicators for backing up my analysis and filter bad signals then I also make trendlines using two of the 3 indicators in 3x entry timeframe for filter out more bad signals then again using one of the 3in1 indicators I filter fake breakout in entry timeframe and in higher time frame and then if other minor conditions is confirmed the analysis is done. Take Profit: Take profit is dynamic /trailing stop loss/trailing take profit Trading and investment in the financial markets always involves high risk, So In order to succeed using our signals make sure you have learned the essential skills for money and risk management To SUPPORT this channel, please press the LIKE button, COMMENT and Share with your friends
Long
by TrueUrBoss
3
Reaching the first target in ALGO/USDT ✌😏Hello 😀 In the daily analysis of this cryptocurrency, which we mentioned in the post, after this cryptocurrency was supported in the support area of $0.28, the price was able to break its dynamic trend line (Dynamic Trend) upwards, which is followed by a pullback. It was able to reach its first target of $0.345. If the price is still above its dynamic trend line, it has the ability to target $0.36 and $0.38 (resistance zone). Also, with the loss of the all-important support area of $0.27, the price is expected to react to the $0.25 and $0.22 levels. Arztoday Team 🌈 Analyzer✍: AR.Rashidi
by arztoday
Algorand (ALGO) - September 20Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether it can rise above the 0.3310-0.4478 section. (1D chart) The price needs to remain above 0.3099 to transition into an uptrend. In order to continue the uptrend, it must rise above the 0.3642-0.3872 section. If not, there is a possibility that it will fall to around 0.2140. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto