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Algorand

Algorand (ALGO) - May 12Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSD 1W chart) (1D chart) We should watch for movements that deviate from the 1.32179365-1.72007755 section between around 11th and 16th May. In particular, it remains to be seen if it can rise above the 1.47009413 point. If it falls at the 1.18903235 point, a Stop Loss is needed to preserve the profit and loss. -------------------------------------- (ALGOBTC 1W chart) (1D chart) 2374 Satoshi-2792 We must watch for any movement that deviates from the Satoshi section. In particular, it remains to be seen if it can rise along the uptrend line. If you fall from the 2374 Satoshi point, you can touch the 1970 Satoshi point, so you need to trade carefully. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day. G1: Closing price when closed G2: Cigar at the time of opening (Example) Gap (G1-G2)
BINANCE:ALGOUSD
by readCrypto
Support Failed, What Happens Next? ALGO blew right through the support on the retest. After a brief drop down to $1.31, the price has stabilized and returned to around its 1-month average price. Now, we either see a breakout above the previous support and look for a buy setup on the retest or we bounce back down to a lower support level . Given the average price over the past 30 days is $1.38-$1. 40 , I am thinking this might be a good entry point. There needs to be confirmation of strong support if/when the price drops back down to $1. 40 and it will give ALGO a chance to take off.
COINBASE:ALGOUSDLong
by benjo93
*Read* Algo Strong Bullish Indicators (Early Stage)On 27th Algo entered 0.382 on 27th of April as since been moving between 0.382 and 0.236. I used FIb Retracement on uptrend EMA 9 and EMA 20 back in January towards the peak, since there were no downtrends occurring during the bull run. Afterwards, we can see 2 Fib Speed Resistance Fans. 1st Fib Speed is used once Algo started bull run between 0.618-0.382 (Retracement), had test between 0.0382 and 0.236 (Retracement) and at the end broke 0.2361(Retracement). 2nd Fib Speed is used at the exact same pattern bull run, but we are yet to see a breaking of 0.236. If you look closer you can see that breaking from 0.618-0.382 (Retracement) on both Fib Speed Resistance fans was happening between 0.75-0.25 (Fib Resistance). Now, if we go back at 1st Fib Speed we can see testing from 0.25-0.25(Fib Resistance) and then another break 0.25-0.5(Fib Resistance). Testing is happening at the 2nd Fib speed between the same Fib Resistances as in the 1st Fib Speed. BINANCE:ALGOUSD BINANCE:ALGOUSD BINANCE:ALGOUSDT
by EagleAi
ALGO/BTC Bullish Trade (mid-term)Algorand is looking great and prime for a strong move up. Recent attempt to breakout and retest failed, but this gives us another good entry position. This trade is a mid-term trade, so no expectations of quick gains. Two potential TP targets for mid-term. Algo/btc has yet to see some big moves unlike other altcoins the last couple of months. Patience should pay off. Entry lvls: 2550, 2250.. average into support. Support: 2192, 1952 Happy Trading <3
Long
by LukaDuke
ALGORAND FUNDAMENTAL BUY ZONEAlgorand has bounced successfully from the $1 psychological buy zone in confluence with the fundamental demand area. This token has a use-case for instant payments with low commissions and rewards through staking. Several payment processors such as NYSE:V & NYSE:MA have shown an intensive interest in this asset since last month. This fact causes the $1 level to be detected as a good buying opportunity, as it is considered reasonable for a token that could be used to pay for goods and services. Its low market capitalization could be a trigger for a very profitable opportunity in a long-term approach . You should monitor this token, as it is a bit risky to enter while bitcoin decides its next move. However, we recommend taking advantage of these investment ideas using the DCA (Dollar Cost Averaging) strategy. So that unpredictable dumps or bad timing wouldn't be a problem when entering excellent opportunities. Check our socials and stay tuned! Have a good day, Alkalites.
ALong
by CryptoAlkaline
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