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Algousdtanalysis

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
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 - 3 after first target reached move ur stop to breakeven stop: ~1.75 (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! Open to your questions or suggestions(Looking for investors!).
Long
by trytofeelpositive
7
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 - 3 after first target reached move ur stop to breakeven stop: ~1.8 (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! Open to your questions or suggestions(Looking for investors!).
Long
by trytofeelpositive
1
Algo cupIt is very, very beautiful. All the coins were formed in cups and handles. It is very interesting Algorand smart contracts are getting a performance boost. On Wednesday, the company behind the proof-of-stake blockchain released a back-end upgrade to increase the computing power of Algorand-based applications. Algorand Virtual Machine (AVM) will also make it easier for newcomers to develop programs atop the chain. AVM brings Algorand smart contract development “closer to the mental model” developers on other blockchains are used to, Chief Product Officer Paul Riegel told CoinDesk. The Ethereum Virtual Machine (EVM) is widely used, with EVM-compatibility being a key way for new networks like Avalanche and others to gain steam.Getting more developers running faster code could be key for Algorand’s growth in the bustling decentralized finance (DeFi) landscape. It is the 29th-largest blockchain by total value locked, according to DeFi Llama, well behind Ethereum, Solana and Tron. Read more: Algorand Foundation Launches $300M DeFi Innovation Fund Riegel said AVM simplifies smart contracts’ treatment of escrow payments, their ability to send transactions and their handling of slippage in trades. It also improves on the complex math underpinning “complex DeFi applications,” he said, such as the authentication procedures protecting cross-chain mechanisms, or bridges. One developer is building a bridge with 14 signature verifications, he said. (Riegel noted that 14 cross-checks is “pretty out on the tail” of what’s normal, and as such would require uncommonly high computing power). “We can support those kinds of things now,” he said. Algorand supported some of those things before – in a far more piecemeal manner. AVM makes it simpler to join those previously disparate bits together, according to Riegel. The self-imposed guardrails regulating how much computing power Algorand smart contracts can call are also getting a 16-fold raise. Riegel said the boost does not impact overall performance on the chain, which can process 1,000 transactions a second. Coming rollouts will further juice performance 10- to 40-fold “at a minimum,” he said.
Long
by ttcompanyy