Algorand. Round 2We have already banked a decent profit with Algo.
now come the 2nd part of this trade.
Algo on verge of retesting Lows. and then Break previous recent High. This one will go Faster than previous one.
ALGOBTC trade ideas
ALGOBTCWe can observe a successful world cup campaign for algorand in a bearish market causing furthur downtrend in the price. currently boucing around 11cents. Algorand has the potential to pull a 100x from its bottom over a long enough period of time.
current situation is bullish for Algorand for a 7 to 10 x increase in price.
Algorand 65000%Algorand is in a brutal Broadening Wedge Pattern, according to the textbooks it should do what is shown. Many alts, either OGs or legit layer-1 chains got absolutely rekt versus BTC caused by uncertainty of many things, Macro, SEC, bankrupt crypto lending companies, QT, scams like FTX and so on. Too many bad things and actors in the market and god knows what else, crypto in general got torn apart left and right since BTC touched 68k for the first time.
#LET'S_GO_FORWARD
ALGOBTC 450 % profithi traders,
Alt season will come sooner or later, and many coins look interesting now. Algorand is one of them.
Let's have a look at the ALGOBTC pair on the weekly time frame.
We can observe a regular bullish divergence that hasn't been seen for a long time.
Algorand is a solid project and many investors expect the new ATH versus USDT.
The target for ALGOBTC pair is shown on the chart.
Good luck
Algorand - IN MY HUMBLE OPINIONFundamentals : Last couple of months, there have been very good development with Algorand, though its in the shadows, its been ringing a lot of bells. Month June was the highest ever number of transaction Algorand processed.
Algorand is constantly in touch with the banking system and it does look like this project is going to achieve what XRP could not.
Technicals : The chart against BTC pair looks like it bottomed.
Taking into consideration that most Altcoin Charts against their Bitcoin pairs have bottomed during the month of July,
Algorand is portraying significant strength by reaching a bottom price in the middle of June.
Moreover, all the weekly candles of Algorand/Btc are extremely small candles in size comparison to weekly candles of 12 15 months ago. This is likely due to price being pushed down and down but not much selling occuring. Either most weak hands are out already, or they are at a point where its useless for them to sell hence Hodling.
On 3D timeframe, Rsi has printed a Hidden Bullish divergence.
Weekly timeframe stochRsi bullish.
The correct way to look at the chart is on 8hour timeframe and daily timeframe for proper support and resistance as pointed on this chart.
InShaAllah ! Ameen.
ALGOBTC Bullish IdeaHello everyone,
Given the recent signs of weakness in BTC.D, I've been exploring several #Altcoin BTC pairs. I'll be sharing some #bullish charts in my upcoming posts.
My first highlight is #Algorand. It appears to have established local support, presenting a promising R:R trade opportunity. I'm starting to exchange my #Bitcoins for bullish #Altcoins.
Stay tuned for my next few posts for more insights.
Cheers!
Mrcryptotracker
Break of structure4H BoS occured, targets r there, but pair has low volatility n is hard to understand
Trailing SL
Algo 🚀Hello, friends! 🫶Today I'm here with an interesting coin!😉
Algorand (ALGO) is a blockchain platform and cryptocurrency created to improve scalability, security, and decentralization in blockchain networks. Founded by Silvio Micali, a professor at the Massachusetts Institute of Technology (MIT), Algorand aims to provide high performance and fast transactions without compromising security.
During the previous bull market, Algorand (ALGO) also demonstrated significant growth , like many other cryptocurrencies.
Currently, the price is still relatively low, which makes it quite attractive, personally for me!😊
I urge You to pay attention to it, if You are interested in a coin, that You can hold for the long term.🚀
The levels on the chart are outlined for the medium-term perspective , but the coin has much more potential !
👀What do You think? Have You ever traded this coin? Do You have any experience?😌
Share with me in the comments!
Thanks for Your attention💋
Always with You, Kateryna💙💛
MomentumMomentum on Weekly rsi is still bearah, but is signaling a turn,
ConFluEnce area@TP
And beyond
ALGOBTC spot investment A confirmation of a VERY VERY huge accumulation occurring on ALGOBTC as THE BIGGEST VOLUME OCCURING ON THE LIFETIME OF THE CHART RANGE IS OCCURING ON THE CURRENT LEVEL (which is in fact the lowest of the range!).
This may be the spring to the huge cycle.
This is the monthly chart. The move I'm expecting would be after years. I would accumulate this asset (ALGORAND) and see where it would go.
$algo had a long discussion with my algo buddy who insists this is going to change the world and has a lot of partnerships
not sure about its bull run top but $2.5 flip would be the zone to watch out for when we do start melting faces
as for now imo 72c above is where this bubba goes crazy but for now btc pair looks to have reclaimed previous range low as long as it hold we should go to 42c next
let see what we get
10xAlgo has a lot to climb but there's nothing more than time,
latest retirement target @ 400% where there are multiple levels to bet tapped,
Before this, there might be still some down ish accumulation price action .
RETIREMENTALGOBTC pair is still consiladting but there are clear targets up there, might take some time
Weekly timeframe
Macro higher low is in the making
Btc bullBtc squeezing some lemon juice
Text book waves or what evah u wanna call em
Eeeverythings just like its suppost to
313Donald duck
Or
Walt disney
InfluenceRS r saying 30+ CRYPTOCAP:BTC
We'll c
I thinl btc is bullll ish
ALGORAND is looking better!I believe we have some solid gains to be made.
The pressure of the move down will create a spring back.
Could be like buying BTC at $19.... My pops said it was going to zero back then lol.
$ALGO 3day Bullish!The PCT Rank topsbottoms indicator has turned dark green, light green to white which tells that the momentum has turned to the upside.
On the 9th July support was created
The stochastic RSI Although high is forming pattern of upward direction.
The MFI/RSI has been oversold since the 14th of March. watch for it to get out of that area.
how much Algo do you have? Probably not enough!
Algorand (ALGO) formed bullish Shark for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Algorand (ALGO).
Our last successful trade of ALGO was as below:
Now on a 4-hr time frame with Bitcoin pair, ALGO has formed a bullish Shark move, at the moment after the completion of final leg the priceline is slightly moved up, therefore, we can wait for some correction.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Algorand Wyckoff Accumulation Schematic Posting this to see if this will turn out to be true, looks promising, another bullish case for ALGOBTC.
ALGO/BTC - Algorand: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the SIX:ALGO / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.00000622 | 0.00000639 | 0.00000677, and the major support zones can be found at 0.00000584 | 0.00000563 | 0.00000525. Consider entering at the current price zone of 0.00000623 and targeting higher levels.
◰◲ General info :
▣ Name: Algorand
▣ Rank: 42
▣ Exchanges: Binance, Kucoin, Huobipro, Bittrex, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Algorand is a scalable, secure, and decentralized digital currency and smart contract platform. Its protocol uses a variation of Proof-of-Stake (PoS) called Pure PoS (PPoS) to secure the network and reach consensus on block production. Unlike other PoS models, PPoS does not reward, nor does it put validator or user funds at risk of being slashed (a loss of funds used to promote honest node and user behavior). Algorand intends to eventually leverage its PPoS design to form the foundation for an on-chain governance system.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00000623 ₿
▣ 24HVol: 14.526 ₿
▣ 24H Chng: 2.467%
▣ 7-Days Chng: 2.40%
▣ 1-Month Chng: -27.91%
▣ 3-Months Chng: -37.87%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00000622 | 0.00000639 | 0.00000677
◢ Support: 0.00000584 | 0.00000563 | 0.00000525
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -6.44
▣ Last 90D: -1.69
▣ Last 1-Y: -0.75
▣ Last 3-Y: 0.51
◲◰ Volatility :
▣ Last 30D: 0.55
▣ Last 90D: 0.75
▣ Last 1-Y: 0.87
▣ Last 3-Y: 1.20
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.60 - Bullish
▣ Reddit sentiment score is 0.59 - Bullish
▣ In-depth ALGOBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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Ready to fly - Huge move incomingAs we can see ALGO is preparing for a huge move after a long bear market. Bullish divergence on D1 inside of a falling wedge, can't be more bullish than now.
End of pain may be not far.Algo track record against BTC was nothing less than horrible along last year.
It's now nearing the apex of a huge falling wedge and not far from its key 0.00007 static support.
Will buy the way down to such mark and evaluate back in roughly six months.
Aiming to 0.000018 (2.2x), 0.000021+ (3x) eventually.
Hold ur horsesthere is still a possible 30ish% drop on this pair to be experienced ?
but also the upside is very rewarding in a long run ?
