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Algorand (ALGO) - November 5Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether it can be supported by rising to the 0.4253-0.6132 section. (1D chart) The key is whether it can find support near 0.3853 and move above 0.4253. If it doesn't, it is likely to drop to around 0.3421. A volume profile section is formed over the section 0.4253-0.6132. Therefore, if it rises above this section, it is expected to show a full-fledged upward trend. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (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.) ---------------------------------
by readCrypto
I spy with my little eye, something beginning with the letter AThis is a very contrarian take because on one hand we have 14 root causes for inflation: 1. Unlimited economic growth triggers Natural resource depletion since 2014 2. Expanding middle class in emerging economies since Brexit and Trump 3. Populism, polarization and uncertainty 4. The Great Reset (COV-ID-19) 5. The Federal Reserve printing 6. Insider Trading 7. Systemic devaluation of local currencies in emerging economies 8. China's zero covid triggers Inflationary Supply Chain Shocks 9. Russia and Ukraine war 10. Gas crisis in Europe 11. Evergrande's Real state collapse 12. Volatility & Bankruptcy: Credit Suisse & Deutsche Bank 13. Economic Trade Wars and World War 3 forsee a total collapse 14. Extreme weather triggers Water Scarcity And on the other hand we have: 1. High Employment rate and Job offers booming 2. Putin losing the war and could suddenly withdraw 3. Japan Intervention 4. UK's prime minister Liz Truss quit 5. Saudi Arabia is Interested in Joining the BRICS 6. Mainstream Propaganda is being excessively negative lately 7. We're probably not at the end of a big 100 year cycle but probably back to the 80s 8. Latinamerica flipping left wing except Uruguay 9. Big demographic change means big wealth transfer from baby boomers retiring to millenials 10. Crypto market maturing still pending Ripple's lawsuit resolution 11. Japanese intervention 12. Countries deglobalizing There are many paralels that pinpoint to 3 historic macroeconomic moments in history 1. The Great Inflation between 1962 (Cuban Missile Crisis, gold run of the 70s, end of gold standard) and 1980s (end of cold war) + (highest point of dxy in history) + (recession) 2. Another dotcom bubble brewing trigering a burst by a false flag attack like 911, (think 1997, think a president dies, think a small nuclear blast is detonated) 3. The roaring 20s after a war in the middle east (similar to WW1), followed by a pandemic (think 2020), followed by a recession (probably already priced in), followed by a period of hyperinflation in 23, followed by an explosive roaring 20s preceding a great depression anywhere between 2026 and 2029 before a welcome to 2030 wef scenario. All three scenarios have one goal in common, to introduce digital currencies this decade while gradually outlawing cash by 2030. We see countries already introducing x-road models, legal frameworks, aligning transportation and many other sectors to a digital biometric ID, while testing covid blockchain passports, and at the same time we've witnessed under the radar blockchain companies slowly building up partnerships and laying low for now. OMFIF was very revealing, so were a few banks that decided to partner with Ripple, now it's a waiting game. What will the future hold, will Saudi Arabia trigger a dollar collapse? Will Crypto get regulated? Will promising projects survive? Will Algorand become the Naga 2.0, or will it finally catch up to other alts that had a run in the last 2 years? A lot of uncertainty and fear still remains, but a contrarian suprise move could leave 2018 enthusiasts and doomsayers behind. Too soon to tell, but be on the lookout, this could be a 1997 scenario.
by axelrodd
5
Algorand (ALGO) - October 18Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether it can rise above the 0.3310-0.4253 section. (1D chart) The key is whether it can be supported by rising above the 0.3310-0.3425 section. In order to continue the uptrend, it must rise above the 0.3722-0.3938 section. If it goes down, you should check to see if it finds support at the 0.2865-0.3091 zone. The 0.3310 point or lower is most likely a mid- to long-term investment area. Therefore, it is important to keep the price above 0.3310. However, since the volume profile section is formed around 0.4253, it is recommended to trade from a short-term perspective until it rises above 0.4253. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** HA SRRC indicators are expressed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (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.) ---------------------------------
by readCrypto
1
Algorand (ALGO) - October 8Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) Whether or not it can move higher than 0.6704 is key. To do this, it is necessary to check whether it is supported and ascends in the 0.3310-0.4253 section. (1D chart) We need to see if we can keep the price above 0.3310. If it falls below the 0.2865-0.3091 range, there is a possibility that it will fall to around 0.2140. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (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.) ---------------------------------
by readCrypto
1
Algorand (ALGO) - September 29Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (ALGOUSDT 1W Chart) The key is whether you can support and move up in the 0.3310-0.4253 zone. (1D chart) 0.4253 : volume profile point 0.3310: boundary point of the floor section 0.3091 : volume profile point Therefore, it is important to be able to support and move up in the 0.3091-0.4253 zone. As it has moved out of the mid- to long-term downtrend channel, if it finds support in the above area, I would expect a sharp move. However, if it fails to find support and falls below 0.3091, I would expect it to fall below 0.2140. However, as I mentioned in the description of the BTC chart, I think it is time for altcoins to gain support by increasing the BTC price by at least 20.7K. Therefore, before that, it is recommended to trade conservatively when trading altcoins. ------------------------------------------------------------ ----------------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator contains indicators that indicate support and resistance points. ** SR_R_C indicators are displayed as StochRSI(line), RSI(columns), CCI(bgcolor). ** CCI indicator is expressed as overbought range (CCI > +100) and oversold range (CCI < -100). (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.) ---------------------------------
by readCrypto
3