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Algorand

ALGO ---> C&H pattern - DIRECTION 7$Hello everyone ! 
 Today the Black Cat Trader is analyzing ALGO based on a weekly chart.  
 What we can see : Pitchfork : Prices are stuck under the intermediary lower line of the pitchfork Pattern : Prices are building what seems to be a beautiful Cup and Handle pattern. 
 What we can expect : - If ALGO manages to break the median line of the pitchfork, we can expect prices to reach the intermediary upper line of the pitchfork first. A pull back on the neckline of the C&H would be perfect to send ALGO to the last upper line of the pitchfork. - Note that the trend based fib extension gave us targets who match with our C&H and pitchfork final objectives. Major resistance 1 : Median line of the pitchfork Major resistance 2 : ATH —— Major support 1 : Lower line of the pitchfork Major support 2 : Long term uptrend (Green) —— TP1 : 3,49$ (1.618) TP2 : 5,23$ (2.618) TP3 : 6,98$ (3.618) TP4 : 8,72$ (4.618) IF YOU LIKE THIS POST, FEEL FREE TO LEAVE A LIKE AND FOLLOW THE BLACK CAT TRADER  
 MAY THE CRYPTO BE WITH YOU GUYS (D.Y.O.R)
Long
by Hector_Bienvenu
1
ALGO is ready to move up again.ALGO has been moving sideways lately but now it's ready to go up again. If you don't know what is ALGO here's some information i copied xD 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.
Long
by Belguteisama
Algorand (Sideways Trading)Algorand is still trading sideways after forming a Large Bull Flag Pattern (blue triangle) after seeing an increase of 187%. ALGO is now stuck in the green rectangle ( resistance zone ). Breakout expected to the upside, with a price target of $2.49-2.60 per Algo. The relative strength index was also trending down (during the formation of the Bull Flag ) however, the R.S.I is now stuck in the "resistance zone" as well. Trading is generally staying above the red-line in the R.S.I Chart (signaling an impending breakout possibly). Expect resistance at 80% on the R.S.I. [ b]Support at $1.70-$1.50, with a "floor" (high level of support) at $1.50. Ceiling at $2.00 (high level of resistance).
Long
by marcosdaunte
Algorand (Sideways Trading)Algorand is stuck in a sideways trading pattern (orange rectangle) after forming a large bull flag pattern (blue triangle), which formed after a rise of 187%. Support at $1.70, which is also the retracement line 78% (if fib. was started from $1.56). expected touch on the bottom of the orange rectangle, with price breaking out of the sideways trading unknown. Most likely scenario is a downtrend, followed by the relative strength index hitting the 30% marker, allowing an upward breaking after. Possibly touch to $1.70, with resistance at $1.93-$2.00. Ceiling at $2.00 (high level of resistance). Floor at $1.50 (high level of support).
Long
by marcosdaunte
Algorand (ALGO) - October 27Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ALGOUSD 1W Chart) - Mid-Long-Term Perspective Above 0.76754798 point: uptrend expected to continue (1D chart) First resistance section: near point 2.30117362 Second resistance section: 2.84473154-3.02591751 Support section: 1.57642973-1.75761570 If the price holds above the 1.97455023 point, I would expect a move to break above the first resistance level. If the price declines from the 1.65442767 point, it may touch the support zone, so trade cautiously. A move from the support area could lead to a move near the 1.21405778 point, requiring a short-term Stop Loss. However, if support is found near the 1.35658321 point, it is expected to rise to the support section, so countermeasures should be considered. ------------------------------------------ (ALGOBTC 1W Chart) - Mid- to long-term perspective 6469 Satoshi point or higher: Expected to create a new wave. (1D chart) First resistance section: near the 4309 Satoshi point Second resistance section: near the 6469 Satoshi point Support section: 2452 Satoshi-2886 Satoshi section We need to see if we can find support in the support zone and move up to the first resistance zone. In the medium to long term and in the short term, the 2886 Satoshi point or higher is considered to be a jumping-off section for rising. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released. (Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
BINANCE:ALGOUSD
by readCrypto
1
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