algo can breakout soon .....algo make a triangle which can break any time but take trade after confirmation .... if breaker upper side it can make e new high.. also there tiny probability to break it down... be prepared !
Algo
Algorand (ALGO) 70% Profit OpportunityAlgorand ( ALGO )
Current Price: 1.97usd
Buy Zone: 1.90-2.10usd
Sell Zone: TP1: 2.40-2.60usd TP2: 3.40-3.60usd
What Is Algorand (ALGO)?
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token.
Who Are the Founders of Algorand?
Silvio Micali is a professor of computer science at the Massachusetts Institute of Technology, and the founder of Algorand. He is a recipient of the Turing Award (in 2012) for his fundamental contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies and blockchain protocols. This makes him one of the foremost creators of crypto in the world.
What Makes Algorand Unique?
Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol.
ALGOUSDTALGO can be supported in the range of 1.9625 and seeN higher targets after breaking the downtrend line in one hour time frame.
ZILUSDT - Investing - TargetsLong Order
Order 1: 0.11176
Long Target
Order 1: 0.468
Order 2: 1.255
Order 3: 3.365
ALGO Moving in Symmertical TriangleSo here We're , Algo after the big move moving into the summertical triangle and now on the Good Support , So Just Wait to Volume and after Breakout the triangle , you can buy it , Please Share your Idea about this chart
NOT FINANCIAL ADVICE
HAVE A GOOD TIME Fellas
ALGOUSDTsee and watch :)
The trendline has been broken and it seems that the price can increase up to the specified limits ...
ALGO/USDT (daily chart)The algorand coin (ALGO) is facing a major resistance at 2.04$ closing the daily candle under this resistance will give us a chance
for a good entry at 1.89$ and 1.85$. confirming the breakout by closing a daily candle above the resistance at 2.04$ will move
the coin toward the targets shown in the chart.
ALGO TA NOV 4Algo is still showing bullish signs from crossing EMA's to building momentum. ALGO could potentially reach 2.0lvl to complete the bat pattern (green). Pls be noted also that the 2.09lvl is its resistance from prev high.
ALGO - Daily TFOn a daily TF, ALGO is oscillating in a triangle and it is at the price floor. If it breaks the $2.08 support, you can enter for $2.5, $2.8, and $3.1.
ALGO doing the move ?
ALGO seem to be breaking out of his triangle but i would stay cautious as long as we don't have a daily above 2.05$.
If it does close above then the plan would be to buy any retest of 1.95$ and target 2.5$ as 1st TP which would be what i would play since MACD daily is turning bullish.
If it close under then we would need to rethink the upper trendline of the pattern perhaps and exclude the price action of 10 to 12th september which is missleading.
Ideally we want a daily close at 2.1$ so both trendline would become potential support combine with the current resistance area 1.95$/2.05$
Let's see how this will play out
Climbing to new highs - ALGOAlgo is climbing up the ascending triangle. Red box resistance break will signal an imminent move to ATH.
DYOR and GL!
ALGO BREAKING OUT OF FLAG!VERY solid fundamentals on this one, long term price has been flowing in impulse moves upwards with consolidation flags in between. Price is currently in a squeezed flag and is testing our breakout area
- need to see a 8h - 1 day break out of flag and resistance area
- will want to have a Bollinger band beak
- first take profit @ 1.618 fib extension level
- stop loss placed below area of volatility in current consolidation area
ALGO close to APEX, decision time soonALGO consolidating in the big triangle and close to apex, still within the triangle and decision time soon.
more towards the upside.
ALGO / USDT - Big triangle pattern. on the verge a breakout?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$
TG3 - 2.26$
TG4 - 2.44$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
$ALGO Symmetrical TriangleRSI is showing strength maintaining above the 46 level. The 50-day MA passed up through the 200-day MA signifying a Golden Cross.
MACD doesn't look the greatest but does appear to be moving in the right direction.
Scenario A: break-out of the triangle, zoom towards previous ATH, contend with it momentarily and then make new ATH
Scenario B: breakdown out of the triangle, fall towards 200-day MA or previous support.
Which scenario do you think is more likely?
Imagine when ALGO gets the market cap of ADA or SOL... Algorand would be at about $11 if that were the case based on current market caps at the time of this post.
Weekly Chart:
ALGO LONG (update)Chart shows the play.
Entered in the white rectangle when the daily candle closed above the solid yellow bull flag.
1.5-1.7 Entry
2.2 TP
2.4 TP
Best of luck
ALGO to remain in correction phase above $1.75The Algorand price analysis shows that the ALGO/USD is correcting today. A decrease in price has been observed as bears are ruling the charts today. ALGO remained bullish for the last four days, and the price uplifted during that time but to a limited extent. Overall, ALGO has been following a wave pattern for more than a month and has been unable to break above the $2.3 level. Only one high swing was observed during the past weeks when ALGO went as high as $2.05 on 25th October, followed by a reversal of the same even higher magnitude when ALGO stooped down to $1.79 on 27th October. Since then, the price oscillation has been small.
#Algo tries to break out it's stong resistancethere is 2 possible scenarios : Success break out the triangle and pump to target levels or breaks down the support at 1.7
and retest 1.6 and 1.25
My idea is uptrend scenario and waiting for good entry point after success break out
ALGO - Critical Times!Hello everyone, if you like the idea, do not forget to support with a like and follow.
After breaking the orange resistance, ALGO has been stuck inside a range in the shape of a symmetrical triangle highlighted in purple.
For the bulls to take over, we need to see a break above the upper bound 2.13 marked in blue.
In this case, a bullish trend continuation would be expected till 3.0
In parallel, for the bears to take over, we need a break below the lower bound 1.55 marked in red.
In this case, a bearish reversal would be expected till around 1.0 where we will be looking for buy setups.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Algo analysisTry to pick Algo at bottom box also on buying zone .
Algo will outperform soon and expected min 30% profit soon
MOON MISSION- increasing volume = increasing demand
- KDJ curving upwards
- RSI increasing
- Lots of space for growth
- fib extension 250$
