Events: El Salvador to Launch Government Blockchain Infrastructure on Algorand This Year The country has signed an agreement with Latin American asset tokenization company Koibanx to allow official records to be hosted on the blockchain. El Salvador’s government has signed an agreement with Koibanx, a Latin American asset tokenization and blockchain financial...
In this analysis we will be going over algorand flag pattern that could potentially be breaking ALGO out of the larger descending triangle . Algo has recently triple bottomed, is currently forming a bull flag and is looking to jump out of a descending triangle . If the top of the bull flag resistance line is popped the price action will head upward the same...
So far EW count on Algorand looks reasonable. Wave 5 could be extended, since wave 3 was not. Let's see how this plays out. Please remember, that alternative cryptocurrencies (altcoins) are depending heavily on Bitcoin.
This will be our Alkaline Free Crypto Portfolio. This portfolio will be held for the long term, so you must manage your capital to deal with potential dips in the crypto market. We will not provide every entry in one post, as we believe in the power of dollar-cost averaging. Leverage is not allowed, this portfolio must be followed by a Spot wallet. Our analysis...
I underestimated Bittorrent and a few other Alts that have already surprised out of nowhere, when comparing a few patterns it's clear to where the top 100 mid cap alt will start to display similar 2017 price action in 3 waves over a 12 month range in correlation to Bitcoin. When it comes to Algorand, it's obvious to see we're too early.
Hi Guys Quick disclaimer please do your own research and do not trade based on my opinion; this is not professional advice. Let's get going: CHART OVERVIEW Here is a daily chart for ALGO/USDT on Binance. I've marked out specific points which could be pointing towards a Wyckoff Reaccumulation Pattern. The pattern has not be completed so it can very well fail but...
As you see we just touched the lower band followed by an engulfing green candlestick which is a great sign for a bull push towards the top of this wedge pattern. We'll need to see the Volume pick up if were expecting to break out of this wedge & get on a Bullish Run. If BTC continues to dip over the next 24 hours then we may not break through the top resistance,...
Hi All, Similar to many other formations. Moving Averages are surely going to be strong resistance, Take your profits there. Cheers, S.SAri
technically, we wont see Algo under 50 cents again unless bull run is over n actually it is not yet. Algorand fundamentally from strong projects that have a great technology that's why it jumped from 8 cent to $1.80 ! 82 cents is strong support n will hold in the worst correction scenario. Algorand is a prefect choice for long term investment, it may rich 6$ n...
Lets fill all those down candles Close above 1.47 on 1W and we increase the chances of doing so a lot
I've been charting the stock market since the early 2000's and I've just recently gotten into charting Cryptos over the past few weeks and I'm starting to understand the behavior patterns a bit more now. I've noticed about Cryptos are that after they make an initial spike, they'll fall back down and settle into this low level where they just hang out for...
Hello everyone, Today I'm covering Algorand (ALGO), both BTC and USDT pairings compared, chart maybe unclear for some but let me explain what it tells me. VS BTC I see a mid-long term uptrend forming, MACD and MA's on the ALGO/BTC chart tell me it's time for Algorand to start flourishing. Versus Bitcoin, Algorand got left behind in the run but is now testing new...
Algo está a punto de reproducir el mismo movimiento que tuvieron xrp, ada y iota.. Objetivo= 1,70
this is just a totally random speculation for posterity
Possible scenarios I am looking at: 1. BO of Ascending Triangle 2. Consolidation before the next leg up to ATH P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
ALGO has been consolidating range bounded between 1$ to 1.8$ for the last 2 months. Expecting big upside movement if consecutive daily candles close above 1.8$. Based on the cup pattern and fib expansion from the last impulsive wave it could hit somewhere between 3$ to 7$ if BTC remains bullish.
It's all been said and done, Algorand shot up from 23 cents to 1.88, printed a double top and finally met a bottom around 90 cents. It's been slower than initially expected I'll admit, but nothing has changed. Now we're going to flat line and shoot up the next leg up to 5 dollars, correct to 2.70 twice and continue to 17 dollars. Bitcoin on the other hand is...