ALGOUSDT
ALGO/USDT ACCUMULATION!Hello my beauties.
ALGO/USDT is in a phase of reaccumulation. We are now waiting for the markup, and it will probably lead the prices around the 3 area.
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Luca, TrickleDownFX
NeutralHello guys, it seems that after a good growth, we are pulling back to the broken line, and the closer you buy to these lines, the better the price targets are, and the stop loss is the closing of the daily candle below the price of $ 1.60 in the daily time frame. I love you dear followers. Good luck
Crypto ALGOUSDT (The Next Leg UP?)View on Crypto ALGOUSDT (27 Sept 2021)
Network coins are in the rage in recent days and this network could be the next winner.
We had a whopping rise 50% in the early Sept and it may be due for the another leg up.
Moreover, $1.50 region is supported well for now and it is likely to go higher.
$2 will be an immediate term resistant.
Let's see.
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Algorand (Bullish Scenario to $3.00)Algorand's Community Governance at the time of writing this has:
19,638 Governors and 175,203,003.544 Algo's committed to be staked. Algo will surely have 20,000 Governors within the next 24-48 hours and 200,000,000.000 Algo's committed to the Governance Program.
Meaning less Algo's will be available on the market, both raising the value of the token and providing security. The deadline for the Governance will end mid-month, with governance rewards varying on the overall committed Algo's.
Algorand is now breaking out of a much larger bull flag pattern, but is making measured moves up to do so, the last move can be seen as the purple bars (copied bars pattern). The next move might be seen as the orange bars, with a lot of variation expected but the overall move up looking similar.
Floor/Support at $1.50 with resistance at $2.00. The overall price target for the bull flag pattern is $2.75-$3.00.
similar published Algorand ideas linked below:
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Our consensus mechanism is permissionless and PURE PROOF OF STAKE™. It ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorand’s transaction throughput is on par with large payment and financial networks. And Algorand is the first blockchain to provide immediate transaction finality. No forking. No uncertainty.
The era of a decentralized, borderless economy is here. Algorand is the foundation. Now what will you build?
ALGOUSDT Technical Analysis
⏳ Spot
💎 ALGOUSDT has formed a symmetrical triangle and after the breakout it might go down for a retest and then continues the Bullish move. The Pullback are is at around 1.7070
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 1.7070
☕️ TP1 1.9550
🍺 TP2 2.0650
🍻 TP3 2.2222
🍾 TP4 2.4000
🍷 TP5 2.5555
🍸 TP6 ______
🍹 TP7 ______
🎁 TP8 ______
🚫 SL 1.5500
Good Luck 🎲
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ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in a 4-hour time frame.
As you see, the price has been able to break the resistance line and start moving upwards.
We have drawn a support line for you that can support the price. At the moment, the price can move towards its resistance and if it breaks and stabilizes above it, then it can move towards the next resistance.
It is possible that when it reaches the resistance line, falls to the support line and then moves upwards.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
ALGO next move could be a big oneI have been following ALGO closely, its shown very positive signs and next move could be big. Last trade I set a modest price target just below global trend which it reached. Now it is pushing up on global trend which will also be a likely bullflag breakout. Which should attract a lot of attention
Look for break and retest above global trend and previous daily support around 1.85
If it pulls back from here look for a reset in the 1.75-1.65 range then watch for a break up of global trend.
Possible to open a higher risk trade on the reset with a stop loss of 2 ATR. Look for buy setups on lower time frames
Check my previous post for more details, make a plan and follow it!
As always, keep an eye on the health of BTC
ALGO Bullish 📈Algorand is currently in this Chuvashov downward fork. This is a bullish pattern and we should see a break of the top resistance soon.
I'm looking for an entry on break or a very (very) small entry here and to scale it on the break.
This could send ALGO back to the $2+ area.
Watch this!
ALGO (Algorand) getting closer to a bullish breakout?Crypto market is once again on the rise.
ALGO stands out the most to me given the following indicators:
MACD cross up
MACD +
MACD histogram transition to the positive side
Volume Contraction Pattern
50 Day MA as support
Together with the improving sentiment in the space, I'm liking the prospects of ALGO
Good luck!
ALGOUSDT (Algorand) - Coin of the WeekAlgorand 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.
Blockchain platform Algorand has announced on 29th of September the launch of the Algorand Virtual Machine, or AVM, a layer-1 protocol upgrade designed to enhance decentralized app scalability for developers and organizations, enable instant transaction finality and sustain a negative carbon output. In addition to these advancements, the AVM will also give developers program tools to write smart contracts in Python or Reach, a format similar to the multi-paradigm web page language Javascript.
Technically, Algorand is in a correction from the 13th of September that is preparing the next move to the upside. The higher probability move in our opinion is a breakout to the upside, although a retest of the support area is not totally out of the books. If the price moves higher the next area to watch for the market structure is the resistance zone at 2.06 USDT.
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.
ALGO on the way to new ATHALGO digital currency is in a good uptrend which can make a +50% profit!
Due to the break of the mid-term downtrend line that it has been dealing with since early September, in yesterday's rally, it was able to break it up and complete its pull-back on it.
You can now buy with a medium-term vision to reach a new price ATH. In 1st Step TP, you can save some of the profit in the range of $ 2 to $ 2.2, and after passing through the trading zone (Shows in the chart), you can reach the previous ATH in the range of $ 2.4 - $ 2.5.
This digital currency is one of the high potential currencies in the last quarter of 2021.
ALGO 4h retest neckline !In ALGOUSDT 1h
It broke out the wedge and retest the neckline .
It touched 0.382(1.7231) and rebound nest candle.
The level 0.382 became support after it went up .
We can combine 2 candles to a hammer .
I thought it means the confirmation of the support.
We can setup the plan
TP1:2.0538
TP2:2.1993
TP3:2.2582
TP4:2.5889
SL:1.7110