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Algo

Algorand (Breakout)Algorand is breaking out and testing the $2.00 price target. Taking a copied bars pattern from October 23rd to October 25th (yellow bars) Algo could see $2.05 to $2.10 by October 27th. Trading is expected to stay within the yellow parallel lines. Large green line is overhead resistance. R.S.I Divergence has broken out of the parallel lines (orange lines). The relative strength index is expected to touch the upper orange lines (at least) with a possible touch on the lower orange line-possibly touching down to the 30% marker before another breakout. resistance at $1.93 and $2.00.
Long
by marcosdaunte
ALGORAND - Price Could AcceleratePrice has broken out of the wedge as you can see on the chart. This means volatility and velocity. Price could rise faster now. Support is now technically at 1,78 and next resistance is all the way up to 3,4$ News: Sequoia Games Brings Augmented Reality to Board Games Using Algorand Blockchain The Catan-style game combines a physical board with NFT-backed characters that can be bought and sold between players on Algorand’s blockchain www.coindesk.com Sequoia Games has tapped Algorand as the digital ledger behind its new Flex NBA product, a National Basketball Association-licensed board game that uses augmented reality. The company said Tuesday that Flex NBA is a turn-based board game with similar mechanics to Catan that’s played with a physical board in combination with a mobile app. the FXPROFESSOR
Long
by FX_Professor
2
MY NOT SO MINIMALIST ANALYSIS OF ALGORAND$ALGO 10.25.21 1931H +8 SINGAPORE ALERT: About time for $ALGO to PUSH UPWARDS. Disclaimer: The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice. "FOLLOW THE WHITE RABBIT!" HOW TO USE THIS MINIMALIST CHART Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.) It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it. The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur, while the SMALL BOXES (Tops and Bottoms) are MINOR pivot points. These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS and even if you wish to hold longer for a CONSERVATIVE MAXIMUM TARGET AREA OF VALUE (Depending on, if the conditions are right.) At times I include WAY BEYOND PARABOLIC Price TARGETS. Watch out for your Volume, Chart Patterns, Candlestick Math, Price Action, and especially your Fibs, Market Dynamics, and trading psychology. The above-mentioned is sufficient enough as a major deciding factor for this MINIMALIST CHART. Note: That This CHART is best used without indicators. (As we all know, they lag.)
COINBASE:ALGOUSDLong
by The_Crypto_Samurai
Confirmed #Algorand goes longAfter weeks of consolidation and a confirmation of a breakout on the top trend line in a symmetrical triangle... Along with upwards momentum shown below on the MACD I believe the next week will be very bullish for $ALGO. Even a retest of 2.50$ ATH price level is within reason. Additionally "Governance" on Algorand's blockchain currently has 1.88 billion $ALGO essentially being locked away from the circulating supply for high rewards until the New Year. If $BTC stays the course or even falls a bit in price $AGLO will be making some drastic moves. First profit level I anticipate is 2.10 then a sharp move upwards to 2.40 followed by a retest of the 2.5ATH Getting in under 2$ mark will make for some nice profits in the short term and in the long term the staking and governance rewards will have many traders coming back as return customers on this blue chip alt. -Cheers!
COINBASE:ALGOUSDLong
by goodluckbruce
Just some thoughts from 2018 to keep in mindThe graph says everything, no one knows where the ATH will be, the 2 things that would make me sell my crypto are: 1) Touching the top of the Logarithmic chart. 2)Loosing the weekly EMA 8 after reaching values close to the top of the log chart. Now I believe the biggest support is the weekly EMA 21, but close to the end of the run which is when BTC will be reaching the tops of the Log chart it can´t loose the weekly Ema 8. Also, keep in mind that alts will top weeks away from BTC ATH. That´s why Dominance is so important to understand the end of the cycle.
BITSTAMP:BTCUSD
by ViniciusBaccelli
Are alts anticipating this October? Just like many others already pointed out, October is a BTC month, but could we have an anticipated move or Alts starting on ETH? Maybe, considering that ETHBTC graph is moving faster than the Alts Dominance, I could say that this is the begging of the crypto market cycle: BTC>ETH>(TOP 10: ADA, BNB, DOT, SOL, LUNA)>(MID CAPS:AVAX, ALGO, ATOM, FTM , CAKE, EGLD )> Small caps I am slowly moving my BTC into ETH, if we break that BTC.D channel downwards I am buying even more, otherwise I am waiting until we reach 49-50% again to enter more in ETH.
CRYPTOCAP:BTC.D
by ViniciusBaccelli
6
ALGO - Potential Bullish Continuation!Hello everyone, if you like the idea, do not forget to support with a like and follow. ALGO is trying to break the orange support/resistance again. on H4: ALGO is forming a symmetrical triangle in blue but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above the gray zone. Meanwhile, until the buy is activated, ALGO would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
BINANCE:ALGOUSDLong
by TheSignalyst
27
Extended Cup n Handle on Luna could lead to long upward moveExtended Cup n Handle on Luna could lead to long upward move. Just like many others already pointed out, October is a BTC month, but could we have an anticipated move or Alts starting on ETH? Maybe, considering that ETHBTC graph is moving faster than the Alts Dominance, I could say that this is the begging of the crypto market cycle: BTC>ETH>(TOP 10: ADA, BNB, DOT, SOL, LUNA)>(MID CAPS:AVAX, ALGO, ATOM, FTM , CAKE, EGLD )> Small caps I am slowly moving my BTC into ETH, if we break that BTC .D channel downwards I am buying even more, otherwise I am waiting until we reach 49-50% again to enter more in ETH. Smaller position into mid caps ass well. Just like LUNA, SOL, ADA.
Long
by ViniciusBaccelli
BTC Toughest Test YetBTC is looking to take out the former trend support that has held as resistance for the last 5 months. It is also fighting against the neckline of the rounded top/ head and shoulders pattern that formed Feb-May. If Bitcoin is able to flip both of these lines (Which is exactly where BTC reached before slightly dropping). Then I think we can confirm that the bull market is back in full swing. Until we flip these lines do not enter long positions with high leverage. Because we could move sideways for a couple days and then move to the .5-.618 fib levels. 51k and 43k should hold as support. Until these 2 lines are flipped I think it is best to remain neutral. Do not give in to FOMO. You can still get a great entry when bull market is confirmed. Thank you for viewing my post!
by Nutty_Trader
1
It's almost $ALGO time$ALGO has been consolidating for weeks now, since the mid-september move after hitting 2.50. The 1.55 area has shown strong support after being tested multiple times in late September. Each time on less and less volume, indicating that selling pressure is waning. Price is currently bouncing off its 50EMA and the bollinger bands are tightening. I still think we could see one more retest of that 1.55 area but if price breaks its downtrend line then my gut might be wrong. RSI is peaking above its short term downtrend line and the MACD is a few days away from a crossover. Keep your eye on this one.
COINBASE:ALGOUSDLong
by Drewsified
2