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Futurefinancialsystem

Algorand (Sideways Trading)Algorand is still trading sideways after forming a Large Bull Flag Pattern (blue triangle) after seeing an increase of 187%. ALGO is now stuck in the green rectangle ( resistance zone ). Breakout expected to the upside, with a price target of $2.49-2.60 per Algo. The relative strength index was also trending down (during the formation of the Bull Flag ) however, the R.S.I is now stuck in the "resistance zone" as well. Trading is generally staying above the red-line in the R.S.I Chart (signaling an impending breakout possibly). Expect resistance at 80% on the R.S.I. [ b]Support at $1.70-$1.50, with a "floor" (high level of support) at $1.50. Ceiling at $2.00 (high level of resistance).
Long
by marcosdaunte
Algorand (Bullish Signals)Algorand is showing several Bullish signals, with an impending uptrend to $2.00 and beyond. The R.S.I is showing divergence ! Charts patterns: falling wedge (blue triangle) with a rounding bottom (red arched line). Rounding top (yellow arched line) resistance at $1.88-$1.93. *Price followed the copied Bars pattern (purple bars) from previous prediction perfectly. * ceiling at $2.00. minimal resistance above $2.06. related Algo published ideas linked below: price target of $3.00 for larger bull flag pattern (see previous published ideas). This flag has some sideways trading, but is still valid.
Long
by marcosdaunte
Bitcoin-New all time highs-Road to 100k in sight!Bitcoin has now reached all time highs 🎉🌕 In additional Bullish news, Bitcoin has now gone public in a new ETF. Assuming this is part of an AB-CD/measured move up pattern, reaching a price target of $92k can be seen as the purple bars. Copied bars pattern from July 21st 2021 to October 18th 2021. Bitcoin would need to stay within the ascending channel (seen as the parallel yellow lines). Deadline for the price target ($92k) would be: January 16th 2022 (which would confirm a belief that the Bull market will be extended till next year). related Bitcoin published ideas linked below:
Long
by marcosdaunte
Algorand (Breakout Update)!Update from previous published ideas for Algo's breakout. Algorand is breaking out of a large descending wedge (blue triangle), tracking along a rounding bottom (red arching line) with a price target of $2.00-$2.20 by 10-20-2021 to 10-23-2021. Expect some sideways trading, which could cause the deadline to be extended by a few days possibly a week. copied bars pattern-purple bars can be seen with a price target of $2.00. Off-centered, but the basic scenario a possibility still; AB-CD/Measured move up pattern. resistance at $1.75 and $1.90-$2.00...ceiling at $2.00. Trading within the orange rectangle is what is most important, there is a possibility that Algo can breakout of the rounding bottom and/or copied bars pattern...as recent volatility is causing the entire Crypto Market experience additional sideways trading or sporadic downtrends before their trend change to the upside (new highs). related in-depth published Algorand ideas linked below:
Long
by marcosdaunte
Algorand (Sideways Trading)Algorand has been stuck in a sideways trading pattern for the past few days. Seeing a small breakout to the upside (and downside) on occasion, but never breaking below $1.54 (floor/support zone) and never going above $2.09 ($1.86-$2.00 resistance/ceiling.) Algorand's Community Governance registration period end this Thursday (10-14-2021.) At the time of writing this Algo has: 57,067 Governors, with 751,415,874.696 Algo's committed to be locked up for the 3-month required timeframe. The Pink rectangle on the R.S.I Chart is a high level of resistance for Algorand, and is sure to be either rejected at this level, or breakout from this level. A rounding top formed (seen as the over head arching red line.) However, an even bigger rounding bottom can be seen (the arching blue line). The overall Crypto market has seen the bull market continue, with wide speculation of an extended Bull Market (possibly till January of 2022 and/or beyond.) Price target around $2.75 to $3.00 per Algo by October 28th through October 31st. With a possible delay till mid November. related Algorand published ideas linked below:
Long
by marcosdaunte
Algorand (Bullish Scenario to $3.00)A possible "Big W" Pattern (pink circles) may be forming, indicating a continued Bullish scenario. Algo is breaking out a a large bull flag pattern, (large orange triangle, partially seen here) with a price target of $2.75-$3.00, and is generally using measured moves up to do this. A breakout from the large W Pattern with a 46% increase would point to a Price Target of $2.86 ($2.57 starting from the lowest point in the W pattern). Algorand would need to stay above $1.90-$1.93 (generally) in order for the breakout to occur. If Algo dips below $1.77-$1.74 this could indicated additional sideways trading for several days/weeks. Additional Trading Journal notes: Registration for Algorand's new Community Governance ends 10-14-2021. Sideways trading could be seen until this date, after which the price of Algo is sure to go up (due to the number of tokens locked up causing the price and value of Algorand to rise.) related Algorand published ideas posted below:
Long
by marcosdaunte
Algorand (Bullish Scenario to $3.00)Algorand is currently charting several measured moves up, and at times showing an even more bullish scenario with R.S.I Divergence. With Algo's Community Governance now in the "sign-up-stage" ending October 14th, the token is sure to see continued bullish movement with an overall price target at : $2.75-$3.00, (breaking out of the large bull flag pattern, seen as the orange triangle.) Algorand is also charting nicely with a rounding bottom, (seen as the black curved line). Support/Floor at $1.50 with resistance at $1.90-$2.00. Algo will likely test the $1.90 price target, after which the token should see an almost parabolic move up to $2.00 (and beyond.) If Algorand falls below $1.90-$1.80 though, I would expect general sideways trading between the $1.50 to $1.80 range for several days possibly weeks. If Algo reaches the $2.40 price target (while still within the rounding bottom pattern) I would expect it to break out of the prior move (rounding bottom) but with an overall price target of $2.75-$3.00 still. related Algo published ideas linked below:
Long
by marcosdaunte
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:
Long
by marcosdaunte
Algorand (accumulation phase/recovery.)Algorand has hit it's "floor" at $1.50, which was a previous price marker, and has seen a healthy recovery since the dip. Algo is now seeing higher lows, with a possible touch to $1.70-$1.65 before it continues moving up. I would expect some sideways trading between the pricing $1.90-$1.80. Resistance at $2.00 and $2. 40 . *additional trading journal notes: Algorand's Community Governance is coming October 1st, 2021. youtube link below: youtu.be
Long
by marcosdaunte
Algorand (accumulation phase/recovery.)Algorand has hit it's "floor" at $1.50, which was a previous price marker, and has seen a healthy recovery since the dip. Algo is now seeing higher lows, with a possible touch to $1.70-$1.65 before it continues moving up. I would expect some sideways trading between the pricing $1.90-$1.80. Resistance at $2.00 and $2.40. *additional trading journal notes: Algorand's Community Governance is coming October 1st, 2021. youtube link below: youtu.be previously published Algo ideas linked below:
Long
by marcosdaunte
Algorand (breakout coming!)Algorand is forming a large high and tight bull flag pattern, with a price target around $2.68 (on the low end) and $3.68 (on the high end.) At the time of writing this Algo has seen a drop of 11%, and could drop to 15%-25% (leaving a floor around $1.50). There could be a couple of reasons for this drop in price: normal crypto volatility , liquidation from leverage, recent options expiring and/or price manipulation. Additional Trading Journal Notes: Could Algorand see price peak at the dip around 5:55 A.M (09-20-2021) 🌕 *Bars Pattern copied from last dip, seen as blue bars. *The Salt Conference ended in N.Y, which set-up Algorand for heavy adoption (and the overall crypto market.) *Algorand Community Governance coming October 1st, 2021. Other related published ideas linked below and alternative chart patterns linked below:
Long
by marcosdaunte
Algorand (breakout coming!)Algorand is forming a large high and tight bull flag pattern, with a price target around $2.68 (on the low end) and $3.68 (on the high end.) At the time of writing this Algo has seen a drop of 11%, and could drop to 15%-25% (leaving a floor around $1.50). There could be a couple of reasons for this drop in price: normal crypto volatility, liquidation from leverage, recent options expiring and/or price manipulation. Additional Trading Journal Notes: Could Algorand see price peak at the dip around 5:55 A.M (09-20-2021) 🌕 *Bars Pattern copied from last dip, seen as blue bars. *The Salt Conference ended in N.Y, which set-up Algorand for heavy adoption (and the overall crypto market.) *Algorand Community Governance coming October 1st, 2021. Other related published ideas linked below and alternative chart patterns linked below:
Long
by marcosdaunte
Algorand (one last dip to $1.88?)Algorand is showing a large bull flag pattern, with a deadline around 09-20 to 09-21 with a price target around $2.60-$2.75. If Algo drops once more, I expect strong support around $1.86-$1.90 (floor). Algorand is forming a large Bull Flag Pattern, or a small cup-and-handle pattern (link to idea attached below). A double bottom has already formed (with a possible triple-bottom if it drops once more.) *follow the red-line in the flag pattern...
Long
by marcosdaunte