ALGO/USDT - Algorand: Resistance_Breakout_Confirmation
◳◱ A Resistance Breakout and Confirmation has been detected on the
ALGO
/
USDT
chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.2247 | 0.2329 | 0.2501, and the major support zones can be found at 0.2075 | 0.1985 | 0.1813. Consider entering a trade at the current price zone of 0.2313 and targeting higher levels.
◰◲ General info:
▣ Name: Algorand
▣ Rank: 40
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ 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: 0.2313 ₮
▣ 24HVol: 12,134,262.215 ₮
▣ 24H Chng: 5.858%
▣ 7-Days Chng: 4.60%
▣ 1-Month Chng: 11.99%
▣ 3-Months Chng: 0.01%
◲◰ Pivot Points - Levels:
◥ Resistance: 0.2247 | 0.2329 | 0.2501
◢ Support: 0.2075 | 0.1985 | 0.1813
◱◳ Indicators recommendation:
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary: STRONG_BUY
◲◰ Sharpe Ratios:
▣ Last 30D: 0.76
▣ Last 90D: 0.54
▣ Last 1-Y: -0.78
▣ Last 3-Y: 0.63
◲◰ Volatility:
▣ Last 30D: 0.90
▣ Last 90D: 0.86
▣ 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 0.46 - Bearish
▣ In-depth ALGOUSDT 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 -
ALGO
/
USDT
chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.2247 | 0.2329 | 0.2501, and the major support zones can be found at 0.2075 | 0.1985 | 0.1813. Consider entering a trade at the current price zone of 0.2313 and targeting higher levels. ◰◲ General info:
▣ Name: Algorand
▣ Rank: 40
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc
▣ 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: 0.2313 ₮
▣ 24HVol: 12,134,262.215 ₮
▣ 24H Chng: 5.858%
▣ 7-Days Chng: 4.60%
▣ 1-Month Chng: 11.99%
▣ 3-Months Chng: 0.01%
◲◰ Pivot Points - Levels:
◥ Resistance: 0.2247 | 0.2329 | 0.2501
◢ Support: 0.2075 | 0.1985 | 0.1813
◱◳ Indicators recommendation:
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary: STRONG_BUY
◲◰ Sharpe Ratios:
▣ Last 30D: 0.76
▣ Last 90D: 0.54
▣ Last 1-Y: -0.78
▣ Last 3-Y: 0.63
◲◰ Volatility:
▣ Last 30D: 0.90
▣ Last 90D: 0.86
▣ 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 0.46 - Bearish
▣ In-depth ALGOUSDT 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 -