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Algorand

Algorand (ALGOUSDT) - Coin of the WeekSilvio Micali is the founder of Algorand and a professor of computer science at the Massachusetts Institute of Technology. For his important contributions to the theory and practice of secure two-party computation, electronic payments, cryptocurrencies, and blockchain protocols, he received the Turing Award in 2012. As a result, he is considered one of the world's leading cryptographic innovators. In response to the long transaction speeds of Bitcoin and other blockchains, Algorand was created to speed up transactions and enhance efficiency. Because Algorand is built on a permissionless pure proof-of-stake blockchain system, it has very cheap transaction fees and no mining (unlike Bitcoin's energy-intensive operation). From a technical perspective, Algorand was in an uptrend until it hit 1.84 USDT in February of 2021. From that top it’s in a weekly consolidation that will prepare the next up wave. If we look on the smaller timeframes, on the 4h, we see a low created at 0.67 USDT and afterwards an ascending channel marked with blue on the chart. We expect that the price action will continue to make new “low and highs” in this channel until it will break out in one direction. The higher probability now is a down move and then up again, in the channel. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
by financialflagship
15
ALGO - Wait for the BreakoutMany are expecting another crypto flash crash soon and there has been a lot of selling pressure. However, I believe a strong support has been established as buyers continue to accumulate at the $0.80-$0.85 range. Both the range and standard deviation have narrowed which typically precedes a breakout. This tug-of-war between buyers and sellers has created a triangle pattern in which the final breakout will cause a large swing in the market. If we see a breakout above the local descending resistance, we will likely see a retest of around $0.94 If so, I will look for buy setups on the retest. Let's see what happens!
COINBASE:ALGOUSD
by benjo93
ALGO - The One Dollar HillAn inverse Head & Shoulders nearing completion, signaling a likely reversal into a bull run. Wait for a candle to close above the neckline to confirm. $1.00 is a significant psychological position for ALGO and I believe it is important to stay above the One Dollar Hill to see some big gains soon. If the support fails then I imagine ALGO will drop back down to around $0.75 for a retest. Buy: $1.10 Target: $1.35- $1.38 Stop Loss: $1.00 Reward/Risk Ratio: 2.5 Let me know what you think!
COINBASE:ALGOUSD
by benjo93
1
Have a look ... +150% potential for Algo 👌technically, we wont see Algo under 50 cents again unless bull run is over n actually it is not yet. Algorand fundamentally from strong projects that have a great technology that's why it jumped from 8 cent to $1.80 ! 82 cents is strong support n will hold in the worst correction scenario. Algorand is a prefect choice for long term investment, it may rich 6$ n $9 maximum in the near longterm. but we still have a great potential to go up. Try to have some in ur portfolio. ✅ Buy: 1.25 - 1.00 ✅ 🎯TARGETS: 1- $1.58 2- $1.80 3- $2.40 4- $3.30 💵 Trade Size: 5-7% of Portfolio 🚫 Stop loss: daily candle close below 0.825 Please click LIKE button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
Long
by BTC-fire
1
ALGO [Algorand][USD] - Value Entry areas & Value Target areasI've been charting the stock market since the early 2000's and I've just recently gotten into charting Cryptos over the past few weeks and I'm starting to understand the behavior patterns a bit more now. I've noticed about Cryptos are that after they make an initial spike, they'll fall back down and settle into this low level where they just hang out for days/weeks/months until it's ready to make it's next run and when it does, it just shoots up in a straight line. So there usually isn't a gradual climb. In fact, the most recent climb from the support is about as good of a gradual climb as you get before it takes off and then it may never come back to this area again. This is what I see in ALGO, based off of the recent price movements.
KRAKEN:ALGOUSD
by TraderFromTheNorth
7
ALGO [Algorand] - Value Entry Areas I've been charting the stock market since the early 2000's and I've just recently gotten into charting Cryptos over the past few weeks and I'm starting to understand the behavior patterns a bit more now. I've noticed about Cryptos are that after they make an initial spike, they'll fall back down and settle into this low level where they just hang out for days/weeks/months until it's ready to make it's next run and when it does, it just shoots up in a straight line. So there usually isn't a gradual climb. In fact, the most recent climb from the support is about as good of a gradual climb as you get before it takes off and then it may never come back to this area again. This is what I see in ALGO, based off of the recent price movements.
A
by TraderFromTheNorth
ALGO - expect a rallyHello everyone, Today I'm covering Algorand (ALGO), both BTC and USDT pairings compared, chart maybe unclear for some but let me explain what it tells me. VS BTC I see a mid-long term uptrend forming, MACD and MA's on the ALGO/BTC chart tell me it's time for Algorand to start flourishing. Versus Bitcoin, Algorand got left behind in the run but is now testing new levels and holding new highs, this you can see on the daily chart. For this example/idea I used the weekly chart to show the potential hiding in this pair. The reason I dare to make these statements is when I look at the USDT chart. VS USDT we already saw a nice run and hold the new price range very steady, been consolidating for since the middle of February and all oversold indications have been reset, when looking at market cycles of other coins I can start to compare and see what the possibility really is. When using the FIB extension on the daily TF and compare these VS the BTC pair I see 4 big targets in a 3-6 months time range. - 0.618 Fib extension: $2.82 - 1.618 Fib extension: $4.43 - 2.618 Fib extension: $6.05 - 3.618 Fib extension: $7.67 This is not a 2 day trade and this is no advice. Staying cool and holding this coin tight is what I'm doing personally. Ride can be bumpy with some deep corrections. Good luck
Long
by Dmoootje
The curious case for #ALGO #AlgorandSteady as she goes nice and slow right to the moon... eventually. Slow accumulation channel for the inevitable future? and I'm okay with the steady gains in fact i'm down right happy. Trending with on chart analysis, more and more folks are jumping into the passive income train through staking (ie high dividend re-drip investments). This is quickly making ALGO a go-to coin for hedging a savings account against fiat. I will be watching #Crypto Algorand's career with great interest. What do you think about COINBASE:ALGOUSD future? And dont forget the COINBASE:ALGOBTC looks just as promising! -Cheers Bruce
COINBASE:ALGOUSD
by goodluckbruce
1
ALGO - Buy Target: 2550 Sats - Sell Target: 4550 SatsDISCLAIMER: This is NOT financial advice. My content is meant for entertainment and general information purposes only. It's only my opinion and should not be taken as financial, legal or tax advice. I'm not a licensed financial planner or investment advisor. Cryptocurrencies carry a lot of risk and you could lose everything when buying and selling them. I will not be held responsible for any losses or gains as a result of my content. Please DO YOUR OWN RESEARCH before making investment decisions.
Long
by brendanwenzel
4