BINANCE:ALGOUSDT has reclaimed and retest the MA200 on the 4h chart beautifully, consolidating above this very important resistance, while also making some sorts of ascending triangle on the lower timeframes like 30min.
Entry: 0.2321
Target 1: 0.244
Target 2: 0.2751
SL: 0.2225
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Blockchain Firm Algorand Announces Sharia Certification for Islamic Finance
The Algorand Foundation announced that its blockchain platform is now certified for Sharia-compliant financing.
According to a press release on Oct. 21, Islamic institutions can now start using the proof-of-stake Algorand blockchain for economic exchange, stating:
“Islamic enterprises...
ALGOUSDT is possibly an interesting trading vehicle for a swing trade.
There is a triple bullish divergence, although it is a bit tricky because the daily chart does not look too good yet.
One could wait for the daily to see the EMA's return positive as well as MACD.
On the 8H chart, we can see how it develops.
Trade entry 0.317 up to 3.23
0.317 (took the...
Algo is forming a bullish wedge. Minimums stopped updating(at least for now) That's a good sign that trend might be changed soon. Zones of interest and targets are on the chart. Safe entry is from the dynamic line below or from breakout from the wedge. Good luck everyone!
Algo broke its trend heading down on the 4H..nothing significant which tells me we are still heading down in price.
Buyers can't get a grip yet and that is def. due to the buying power of BTC right now. Investors are tossing thousands of bucks into BTC at the moment. Alts tend to have effect with this in both positive and negative manners depending on how an...
The price is drawing a triangle. Once we break a current resistance, the next target is gonna be around 507. Zones of interest and targets are on the chart. Good luck everyone!
Priceline of Algorand (ALGO) / US Dollar has formed a bullish Crab pattern and entered in potential reversal zone.
Do use the potential reversal zone as stop loss in case a candle stick closes below this PRZ area.
I have defined targets using Fibonacci sequence as below:
Buy between: 0.406 to 0.275
Sell between: 0.507 to 0.753
Signal
ALGO/USDT
BUY
Open 5227;
SL 5031;
TP 6432;
Risk/Reward: 1/6.15
We are located in the ATL zone. We expect a rebound up to the nearest resistance level. Also, these expectations are confirmed by fundamental factors.
Investment company Algo Capital raised $ 200 million to develop the ecosystem of the Algorand blockchain. Among the investors of the specially...
based on Renko. also bolinger bonds and stoch RSI, it looks buy opportunity. Also in 5min candles you can see possible ascending triangle pattern. wait until 0.563 which is bolinger band moving average. then buy
The long awaited move by ALGO has begun, breaking the long resistance in stoch RSI on the 6 and 12 hour charts. It's made the biggest move since Aug 14 and all other signs are positive too.
I believe it has completed its first small wave with it currently in a small downtrend. I am expecting it to rise to the peak RSI on the 6 hr chart in the short term.
As per...
After a resent pump the coin is flatting in the channel. Right now the price is at the lower border. You can take a small position from here if you want to. But keep safety orders at the lower buy levels. First seller will be on the middle of the channel - then at the upper border. Zones of interest and targets are on the chart. Good luck everyone!
...
Entry 0.62~0.58 usdt
Stop loss : 0.5 usdt
Target : 1.56usdt
R-R : at least 10
zombies stay in the area over 1.65usdt. going to take profit before dead people are coming out.
Good morning to everybody in Asia and good evening to the rest of the world.
My crypto of the day is ALGO/USDT, one that has been downtrending for a very looooooong time. Based on my TA. I believe this is going to change.
Long-term analysis (as long as it can get for ALGO :) ) indicates this is heading in the same direction as BTC did when it first turned up...
