Algorand is a decentralized blockchain platform designed to provide a secure, scalable, and decentralized infrastructure for the development and deployment of decentralized applications (dApps) and financial protocols. Founded by Silvio Micali, a Turing Award-winning computer scientist, Algorand aims to address some of the key challenges facing existing blockchain...
Algorand is a solid project. ISO20022 compliant and has strong ties to the global elite.
Its price got completely obliterated when Gary Gensler (SEC) who formerly had exprssed very positive views on the project, attacked it by declaring it a Security in April 2023.
However this is just a shitshow (as the lawsuit against Ripple which the SEC has lost) to...
Algo has broken out of a huge falling wedge and has created a head & shoulders pattern in doing so. Once the neckline breaks, Algo has a lot of resistance ahead.
This one is for the ones with patience!
Let the trade come to you. Don't chase the trade!
Using the Wyckoff schematic attached into the chart I'm watching for any distribution around here. This is for now theory as it's looking very much like it, but we'll see.
Just a cautionary heads up for now......
We can see as is common with most cryptos, the Algo went back below the purple trendline after its 1st initial breach above the purple channel. Now that we have broken above again and retested that line as support probability increases significantly for it to validate the breakout this time around. So I have posted an updated chart with the measured move line...
Could the Altcoin season just be getting interesintg with ALGORAND running into an impulse wave?
Let's talk about Elliot Waves.
Certainly! **Elliott Wave Theory** is a fascinating approach to technical analysis that identifies recurrent long-term price patterns based on changes in investor sentiment and psychology. Let's delve into the key concepts:
1. **What...
Algorand has been lagging behind most alt coins in this early stage of the bull run.
last few days we've seen a noticeable increase in volume and a breakout of a short term downward trend.
I expect a sharp move upward once we strike the orange horizontal line, which has been previously a resistance line.
📉Hi Traders, Investors and Speculators of Charts📈
If you've been following, you'll know I'm fundamentally bullish on Algorand. And it gets better than fundamentals - we are currently witnessing a similar fractal that played out on ALGO during early days - the Elliot Wave Fractal.
From the macro perspective, we can see that Algorand has a long way to go before...
I recently posted my idea about nested LINK patterns and am seeing something similar in ALGO.
The ALGO 1D chart is showing a cup & handle pattern. I put the target between .42-.64 depending on whether you start the up move from the top of the cup or bottom of the handle (not sure about that).
....but if you zoom out, it looks like this cup is the head of a...
I am looking to create a strategy but I need help please. I've been using 3 MACDs.
- MACD 1 = 1 Day
- MACD 2 = 4 Hour
- MACD 3 = 1 Hour
The strategy is that I am using the 1 Day and the 4 Hour as trend indicators. Both of them have to be rising, then the long is taken when the 1 Hour MACD crosses above Zero at candle close. If the 'trend' MACDs are rising and...
We can see here how algo’s current daily candle is confidentially above the purple channel’s top trendline and currently seeing a bullish impulse. If it validates the breakout at this spot the target is around 39 cents. *not financial advice*
Another example of the psychological market manipulation.
3 examples Bitcoin, Ethereum and Algo.
Bitcoin and Ethereum vs Algo.
Compare yourself and look at support and resistance levels of all 3.
Determine for yourself what is the best investment.
Algo = massive growth cycles moving forward into the future. Like buying bitcoin or Ethereum 5 to 10 years ago....
