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ALGOUSDT

ALGOUSDT, Are we repeating the previous cycle ?Hello everybody According to the chart you can see the price was done the cycle and now because of the distance of the price is a little far from static support line that we shown on chart (Yellow Box), We expect the price is coming to impact to the trendline support area then it can repeat the cycle and we are in the beginning of the cycle. But if the price can not support from the trendline support zone its ready to drop more and break that support and reach to our static zone (Yellow Box). The trend of the ALGO is upward adn we are only be in position according to the trend :D Previous analysis : If you have any question ask us in private Good Luck Abtin
Long
by Abtin00
ALGO Bullish ALGOUSDT Buy Signal !!!!Not bad zone.. Use stoplose.. Not financial advice just my opinion.. Fundamentals: 1. Algorand is formally a public blockchain but sharpened to corporate culture for commercial use. 2. There is a possibility that only Ethereum and Algorand will be popular in a few years. Many other blockchains will simply occupy a small niche for their followers (Near, Solana, BSC , etc).You see this analysis from Lisa Emiliano. 3. Ethereum will remain the main forge of new technological projects with open source and decentralization, while the commercial use of distributed registers will remain with Algorand. 4. ALGO operates an algorithm that releases additional ALGO into circulation whenever the MA-30 rises above its ATH .You see this analysis from Lisa Emiliano. This artificially suppresses the price. It brings stability to ALGO, which is typically more attractive to forming large-scale partnerships but it discourages investors. Thankfully, this algorithm will no longer function beyond mid-2023. 5. Algorand has signed an agreement with the Government of El Salvador that the entire blockchain infrastructure of the country will be based on Algorand technology.
Long
by Lisa_Emiliano
4
buy zoneit's no secret that i'm bullish on ALGO long term, and i think we're likely to see strong growth starting in Q1 2022. here are a few reasons why: the new governance model is beginning, and users will be locking up supply for extended periods of time, effectively taking algo out of circulation. supply down, price up. el salvador committing to algorand for their crypto infrastructure. el salvador doesn't exactly have a great track record as a model government, but i do think their endorsement is a valid signal of adoption. it's fast and cheap and has some of the best minds behind it. and with MIT's ties to the Fed, i'm betting ALGO is on the U.S.'s short list. placing my next round of buy orders on this $1.30 support. price may dip further to retest either of the major bull trendlines, but i don't think the probability is high enough to risk waiting. this is (not coincidentally) right around the same level i was buying last time:
by reees
2
Algorand (ALGO) Buy ZoneAlgorand (ALGO) Buy Zone -------------------- BIAS Long-Term : Bullish RISK : LOW Algorand breakdown crucial resistance zone $1.56, just after the breakdown Algorand saw a short term dip. -------------------- $ALGO/USDT SPOT SETUP Entry Price : 1.0365 - 1.076 Mid-Term TP 1 : 1.1 TP 2 : 1.39 TP 3 : 1.217 TP 4 : 1.3375 Long-Term TP 5 : 1.4622 TP 6 : 1.5731 TP 7 : 1.779 TP 8 : 2.1 Stop Loss : 0.91 *Stop Loss - ALGO daily close below 0.91 *Maximum 5% of Portfolio. *Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
3
ALGOUSDT Analysis (LONGTERM)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market and lower target: 2.9 - 3.8 - 4.4 after first target reached move ur stop to breakeven stop: ~im w/o stop(depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 6 risk is justified Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions.
Long
by trytofeelpositive
11
ALGORAND- Updated Chart with Key Levels 🕺Updated chart for ALGORAND which had a nice recent Pump and Dump that hit our 3 previous targets. Remember: Buying and Holding will get you places but learning how to take profits and buying the dips will take you there faster... 3 Reasons to Buy Algorand : 1. Interoperability 2. Smart contracts 3. Algorand's growth potential is impressive For hypergrowth investors, finding investments that provide unique competitive advantages and moats is important. In the cryptocurrency world, there is certainly no shortage of such options. However, Algorand's unique network provides interoperability along with functionality that is truly enticing. Of course, like other digital tokens, Algo is not without risk. This token's value depends upon the market consensus of its value, and the value of the underlying Algorand network. Accordingly, volatility can be expected. However, those seeking a hypergrowth option in the cryptocurrency space today have reason to consider Algo. This is one of the top cryptocurrencies I've got on my watch list right now. One Love, the FXPROFESSOR
Long
by FX_Professor
3
Algorand (ALGO) - December 7Hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (ALGOUSD 1W Chart) - Mid-Long-Term Perspective Above 0.76754798 point: Expected to create a new wave. (1D chart) First resistance section: near point 2.30117362 Second resistance section: 2.84473154-3.02591751 First support section: near point 1.21405778 Second support section: 0.67049985-0.85168582 A move above the 1.97455023 point is needed to see if it can accelerate the uptrend. If they do, they should check to see if they find support at the 1.57642973-1.75761570 zone. The price should hold above the 1.35658321 point to continue the uptrend. Accordingly, a short-term Stop Loss is required if the price declines from the 1.57642973 point. ------------------------------------------ (ALGOBTC 1W chart) 6469 Satoshi point or higher: Expected to create a new wave. Above the 2886 Satoshi point: It is likely to turn into an uptrend and continue the uptrend. ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, 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 be able to regenerate themselves. ------------------------------------------------------------ ------------------------------------------- ** 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 convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** 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.) ** 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. (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.) ---------------------------------
BINANCE:ALGOUSD
by readCrypto
5