Algorand is formally a public blockchain but sharpened to corporate culture for commercial use. It is headed by MIT professor Silvio Micali. He is a good acquaintance of Harry Gensler (current head of the SEC).
There is a possibility that only Ethereum and Algorand will be popular in a few years. Many other blockchains will simply occupy a small niche for their...
Have a good trading week, folks🔥
There is an analysis update of ALGO/USDT crypto pair.
It seems like falling wedge formation.
There was a strong bearish sentiment.
According to Elliott Waves theory all the waves are done and now price is heading to the breakout.
So follow the chart and look for the breakout...
Algorand (ALGOUSDT) is on a bullish trend.
It has been moving higher and hitting new highs.
In fact, a new ATH was hit last weak but the candle ended closing red with a long upper wick; bearish.
This week candles we see ALGOUSDT moving below EMA10 (confirmation only when the weekly candle closes), another bearish signal.
And the is curving with lots of room to...
Here is how I would trade ALGO / USDT 1H Chart in a falling wedge formation. Since the RSI is approaching overbought condition, I would wait for the price to move back into the falling wedge and bounce of the dotted lines.
If the price breaks the upper line of the falling wedge (again) - I recommend that you wait for a solid confirmation - then enter a long...
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Everything on the chart.
open pos: market and lower
target: 2.9 - 3.8 - 4.4
after first target reached move ur stop to breakeven
stop: ~im w/o stop(depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 6
risk is justified
Good luck everyone!
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There Is a Important Support Zone Above 1.5$ ,While The Price Playing Above This Zone The Priority Is Bullish ,At The Moment The Price Playing At The Triangle Expect The Breakout Soon And Reach 2.15$ And 2.5$ As a Next Targets
Here is my take on ALGO / USDT 4H. We are witnessing a triangle formation with a potential breakout. If the ranging motion continues then we can consider the pattern as invalidated.
If the triangle breaks the upper line of the triangle - I recommend that you wait for a solid confirmation - then enter a long position.
Take profit ideas:
TG1 - 2.08$
TG2 - 2.18$
The main trend in which the uptrend channel was formed. Long-term work from the trend channel. Position trading. The idea is more for understanding where the price is in the primary trend. A cup has formed in the secondary trend in the channel, the price is at its resistance.
Cryptocurrency of 2 groups. XRP group. Al/gor/and.
Hello dear friends .
Good days .
ALGO after break lone term triangle start good bullish move .
With Bearish the market ALGO try to retest long trem bottom line $ get support for full Bull run .
Big bullish candle is good sign and what we expect is that it will try to make new ATH at Major Weekly Gann Arc resistance.
Thanks for your comments & support.
Good luck .
Algo has been within a channel since the start of October and every time it reaches either extremes of the channel, we get a really nice reaction.
We are looking for a similar reaction this time round.
- Watch for price to come back to the channel support and show bullish momentum
- Enter with stops below the channel
- Target the recent highs as...