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ALGOUSDT

ALGO / USDT - Falling Wedge 1HHere is how I would trade ALGO / USDT 1H Chart in a falling wedge formation. Since the RSI is approaching overbought condition, I would wait for the price to move back into the falling wedge and bounce of the dotted lines. If the price breaks the upper line of the falling wedge (again) - I recommend that you wait for a solid confirmation - then enter a long position. Take profit ideas: TG1 - 1.90$ TG2 - 1.98$ TG3 - 2.10$ TG4 - 2.21$ TG5 - 2.28$ I keep it simple and clean! Likes, comments, and follows are dearly appreciated. Let me know what you think and which ones you would like for me to analyze next. Trade safely! -------------- About Algorand: "Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust. (...) Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol." Source: Coinmarketcap.com
Long
by Droz_TA
4
$ALGO cup and handle pattern since 2019BINANCE:ALGOUSDT Look at this cup and handle pattern forming since June 2019. This is perfect TA pattern which give us potential move upside to 5.50 (1.618 Fib) Also we just trade exactly on 0.5 level FIB in monthly timeframe . In local timeframe we have a higher low and lower hight so we are forming triangle with potential upside break out. Target of this break out 3.42. Since September 6, we trade also on 0.5 level FIB. More details marked on chart! Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! Disclaimer: Please be aware of the risks involved in trading. This video was made for educational purposes only not for financial Investment Purposes.
Long
by Crypto4light
1
ALGORAND- Dancing with El Salvador & Switzerland🕺 (p4)21Shares Announces Listing of Polygon, Avalanche and Algorand crypto ETP on SIX Swiss Exchange Algorand price soared over 50% to new two-year high Algorand (ALGO) — the native cryptocurrency of the Algorand blockchain — soared 50% from just under US$1.70 noon Asia time today to a new two-year high of US$2.66, according to CoinGecko data. But the surge was short-lived, with ALGO currently trading just under US$2 as of publishing time. Fast facts Algorand’s surge came as Korean cryptocurrency exchange Upbit announced the listing of the South Korean Won (KRW)/ALGO trading pair on its platform. Upbit, South Korea’s first licensed crypto exchange, dominates the Korean crypto market with a market share of over 80%. Algorand is an open-source, public, blockchain-based network that supports a wide range of applications. The blockchain, which was launched in June 2019, uses a “pure proof of stake” (PPoS) algorithm invented by its founder Silvio Micali, an MIT professor. In September, Algorand crossed the US$2 mark for the first time in two years following news that Koibanx, a Latin American asset tokenization and blockchain financial infrastructure company, had signed an agreement with El Salvador to develop its blockchain infrastructure on top of Algorand’s technology. Algorand has also been expanding its use cases in decentralized finance (DeFi), non-fungible tokens (NFTs) and central bank digital currencies. The blockchain currently has over US$80 million in total value locked in DeFi protocols, according to DeFi Llama. Algorand is currently ranked the 19th-largest cryptocurrency with a market cap of US$12 billion, according to CoinGecko data. Algorand’s Decipher event, which brings together Algorand’s developers, investors and stakeholders, is scheduled to take place from Nov. 29 to Nov. 30 in Miami and online. Someone might have done us a favor today, dumping it after such an increase in price. It looks like it will start Pumping again! Go ALGORAND! the FXPROFESSOR
Long
by FX_Professor
9
ALGOUSDT Descending Triangle Breakout | 80% Move ExpectedALGOUSDT Descending Triangle Breakout | 80% Move Expected ALGO was in the correction phase since September 12, 2021, after successfully creating ATH at 2.5499. Now, ALGO has broken the Descending Triangle Pattern and seems bullish from the current price of 1.7431. NOTE: 1. Q4 Started and highly volatile 2. Do your own analysis 3. High risk involve in this trade 4. Spot trading only 5. Take very low risk Disclaimer: I will not be responsible for any of your loss or profit. Buying Zone: 1.7454 - 1.8000 TP1: 1.8615 TP2: 2.0496 TP3: 2.3858 TP4: 2.7460 New ATH | Final Target: 3.1855 SL: 1.5534 Net ROI: 75% - 81% Trade Risk: 11.38% NOTE: Do not use more than 15% risk of your account.
Long
by unitsol
4
ALGOUSDT AnalysisHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market target: 2.75 and 3 after first target reached move ur stop to breakeven stop: ~1.48 (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 2+ 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! Will be very appreciate for ur donat/coins :) Open to your questions or suggestions(Looking for investors!).
Long
by trytofeelpositive
2
ALGOUSDT AnalysisHello 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: 2.4 - 2.75 - 3 after first target reached move ur stop to breakeven stop: ~1.43 (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 3 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! Will be very APPRECIATE FOR UR DONAT/coins :) Open to your questions or suggestions(Looking for investors!).
Long
by trytofeelpositive
18
Algorand : algousdt Everyone in crypto knows #Algorand: strong fundamentals, good community, high trading volume... Now that we are talking #algousdt has broken a triangle upside. If you go back and look at the chart, you see a huge cup&handle pattern which is also broken upside. Everything suggest buy. I'm telling you; this is gonna be huge . #full_send #algo #todamoon REMEMBER: this is daily timeframe, I do NOT tell you where/when to buy. Make your decision based on the chart and provided patterns. Always do your own research. #dyor Good luck, Median Eagle.
Long
by Median_Eagle
ALGO STANDS STRONGAlgorand was showing the strongest type of structure prior to the sell-off in crypto throughout todays Asian-Session. Considering this neutral pennant has held, and that price does not fall below 1st support at 1.70 USD then ALGO looks clear to re-test the top of the wedge around 2.30USD, 2nd Resistance. Bitcoin must hold above 60K USD for this trade idea to stay valid, should BTC/USD fail to do so then new lows are inbound on ALGO around 1.55USD 1ST SUPPORT: 1.70 USD 2ND SUPPORT: 1.55 USD 1ST RESISTANCE 2.00 USD 2ND RESISTANCE 2.30 USD “Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
COINBASE:ALGOUSDLong
by easyMarkets
4