Algorand
A Reminiscent narrative to the 2022 historic AltseasonHow many people at the time would have predicted during the war(911)/recession(2008)/pandemic/depression(March2020) years that the 1920s would be one of the most innovative, prosperous periods our world had ever seen?
The 1920s ushered in the automobile, the airplane, the radio, the assembly line, the refrigerator, electric razor, washing machine, jukebox, television and more.
There was a massive stock market boom and explosion of spending by consumers the likes of which was unrivaled at the time. After the immense pressure of the Great War (Cold Wars, Middle East Wars, Civil Unrest), many people simply wanted to have fun and spend money.
I’m not trying to say our current situation is as bad as things were in the 1910s. What happened during that time frame is unthinkable compared to our current predicament.
But it’s encouraging to see what people have battled back from in the past. The fact that people were willing to shrug off such a debilitating period and turn it into one of the most optimistic decades our country has ever seen speaks volumes of our ability to continue moving forward.
Pessimism is a natural feeling when things are bleak but it never lasts.
Algorand is almost ready to flyYesterday is history, tomorrow is a mystery. If this plays out, we can expect to see the start of the long awaited Altcoin Season in September, a first wave peak around October 2nd and a peak of second wave around November 25th.
ALGO 90day outlookThis is looking like a positive bid for coming quarter. purple channel likely to break up and mark higher given how long this has been consolidating with the rest of the market and overal shift to bullish since the 20th of july.
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🔥 ALGO Huge Price ActionOver the last three days, ALGO has one of the biggest gainers.
What we're seeing now is that some leaders are ahead of the pack (ADA, AVAX, LUNA, IOTX) and that other tokens are slowly but surely following and starting to take a leap.
One of the first tokens to make big leaps now is ALGO. Assuming that ALGO will follow the move of the prior tokens, we can expect strong gains in the coming gains.
Main target for this massive move is the green area of resistance, which ranges from $1.57 - $1.70
Happy trading!
ALGO - personal buy near 2020 HighAlgorand (ALGO) is in a technical downtrend, which appears to be weakening (see MACD and thinning negative Ichimoku cloud). For a conservative trade, waiting for the MAs to cross would support a trend reversal. Personal trade made at @0.85111. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
ALGO: break out imminent !!The break out is imminent (days not weeks).
End of a 2 year long bullish descending wedge. Price is touting the resistance for 2 months now !
Strong positive divergence on the RSI (green line).
Historic Volatility COMPRESSION !! At the same time that volatility is reaching the end of the funnel, price is trying to break out !!
RESOLUTION is IMMINENT !!
Altseason has officially started"September 18 will change everything and be the catalyst Algorand needs. Opulous at the most popular venue in the world announcing to the world “We go with Algorand” and then the huge musical artist. The world will listen. Then governance in October. Then AlgoMint, TinyMan, and AlgoDEX by end of year… maybe xBacked too. Some surprises possibly in between.. and hopefully CBDC. The rest of the year is ripe for gains and growth of the ecosystem"
Michael Jordan in "I believe I can fly" featuring MC Hammer who "can't touch this".
ALGO: getting ready !ALGO has been bouncing around for more than 2 years, trying to find a bottom.
Despite not being at the point of an imminent break out, ALGO is getting ready to launch.
The rising RSI has been forming a bullish divergence for a long time !!
ALGO/USDT Broke out of the triangle patternALGO/USDT (Algorand) broke out the triangle pattern and made a confirmation. Best time to enter and we could see some bullish movement.
Use the green lines (Resistance zone) as targets. Possible 60% plus
This is not financial advice please DYOR and place stop loss below the red line (strong support zone)
Bullish breakout in Algorand* Algorand in 4H time frame forms a falling wedge pattern, which is a trend continuation pattern.
* Here the price is consolidated between two trend-line slightly sloping downwards, the price is squeezed till it breaks the pattern.
* Algorand breaks the upper trend-line, if it continues to rally the TP1 = 0.8600, TP2 = 0.9000
ALGOBTC and its Bullish DivergenciesAs always, simple idea & simple chart, enjoy. Been waiting for this so long, I guess this is the time.
Algorand (ALGO) - august 10Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
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(ALGOUSD 1W Chart)
If the price is maintained above the 0.5221395-0.76754798 range, it is expected to create a new wave.
(1D chart)
If the price is maintained in the 0.65798713-0.92350974 range, it is expected to turn into an uptrend.
However, in order to continue the uptrend, it must break out of the downtrend line.
If it goes down, you should check to see if it finds support at the 0.52522584-0.65798713 zone.
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(ALGOBTC 1W chart)
We are walking sideways in the section 1075 Satoshi-6469 Satoshi.
If the price is maintained above the 1970 satoshi-2886 satoshi range, it is expected to turn into an upward trend.
To continue the uptrend, it must rise above the 4309 Satoshi point.
If it rises above the 6469 Satoshi point, it is expected to create a new wave.
(1D chart)
If it finds support at the 1820 satoshi point and moves above the 2147 satoshi point, I would expect it to turn into an uptrend.
If the volume profile section spanning the 2452 Satoshi-2886 Satoshi section is exceeded upward, it is expected to continue the upward trend.
If it falls from the 1820 Satoshi point, it may enter the mid- to long-term investment area, so careful trading is required.
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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.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** 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.)
** See support, resistance, and abbreviation points.
** 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.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)