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Algorand

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
Algorand (Bullish Signals)Algorand is showing several Bullish signals, with an impending uptrend to $2.00 and beyond. The R.S.I is showing divergence ! Charts patterns: falling wedge (blue triangle) with a rounding bottom (red arched line). Rounding top (yellow arched line) resistance at $1.88-$1.93. *Price followed the copied Bars pattern (purple bars) from previous prediction perfectly. * ceiling at $2.00. minimal resistance above $2.06. related Algo published ideas linked below: price target of $3.00 for larger bull flag pattern (see previous published ideas). This flag has some sideways trading, but is still valid.
Long
by marcosdaunte
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
Algorand (Breakout Update)!Update from previous published ideas for Algo's breakout. Algorand is breaking out of a large descending wedge (blue triangle), tracking along a rounding bottom (red arching line) with a price target of $2.00-$2.20 by 10-20-2021 to 10-23-2021. Expect some sideways trading, which could cause the deadline to be extended by a few days possibly a week. copied bars pattern-purple bars can be seen with a price target of $2.00. Off-centered, but the basic scenario a possibility still; AB-CD/Measured move up pattern. resistance at $1.75 and $1.90-$2.00...ceiling at $2.00. Trading within the orange rectangle is what is most important, there is a possibility that Algo can breakout of the rounding bottom and/or copied bars pattern...as recent volatility is causing the entire Crypto Market experience additional sideways trading or sporadic downtrends before their trend change to the upside (new highs). related in-depth published Algorand ideas linked below:
Long
by marcosdaunte