Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of ALGO.
According to my technical analysis, ALGO will now go till next resistance zone as it just broke out from trendline.
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
ALGO crypto-currency is one of the high potential currencies that we have always recommended to buy and maintain at a low price for the long term. In the chart below, you can see that in terms of the weekly time frame, after falling in a regular uptrend channel, the price is growing and rising.
If the Bitcoin market reduces the market to a limit of $ 30,000 to $...
The proliferation of Information and Communications Technology over the last 30 years, has allowed us to witness an exponential increase in the use of a myriad in smart applications such as smart farming, smart healthcare, supply-chain & logistics, business, tourism and hospitality, energy management, and the list goes on. However, for all the aforementioned...
ALGO is forming this bullish pennant formation since making a daily correction, a breakout looks imminent we will be waiting for a 1hr candle close above this trendline for a confirmation to enter a long.
For the last few years Algorand has been one of the leading candidates for a Government-backed stable coin, already securing contracts with nations such as the marshall islands and having massive institutional backing from investors. However, due to a flawed initial coin sale, the price has lagged behind the general market this year in terms of gains.
Good morning starts with a good trade, wolves🔥
One more formation. So get ready
The price multiple times bounced from support and resistance level.
Possible retest of the level is expected.
Follow the chart and look for the best price to enter carefully.
If you enjoy my FREE Technical Analysis , support the...
Algorand (Possibly Bullish Breakout)
Algorand is primed for a Bullish trend change, many factors back up this theory, listed below are a few supporting a possible uptrend prediction.
Chart Patterns/Fundamentals: Algorand is on the bottom of an Ascending Channel (lower orange line,) that is on the verge of busting-out of the Descending-Channel (blue.)...
Note from the future: How did $Algo end up dominating 20% of the total market capital in crypto out of 10 trillion reichsmarks in the bubble peak while it doubled its supply through 2021? I wish I had known so I could've bought some under a dollar, I would be king in times of depression. Irrational Roaring Market, how was I supposed to know Mastercard, paypal,...
Notice the repeating pattern from March 29th Midnight GMT. This is the bottom. Alt season is about to start as Bitcoin Dominance plummets. Ripple and Institutional Blockchains like Algorand and Vechain are about to take over the space.
This is it, the great reset is set to start as early as March of 2021. Check IMF reports, a massive Gold sell off is coming.